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Displaying results 1186 - 1200 of 1201
SoCalGas Launches New Community Notification System at Natural Gas Storage Facilities
LOS ANGELES, May 9, 2017 – Southern California Gas Co. (SoCalGas) today announced the launch of a new community notification system for its Honor Rancho, La Goleta, and Playa del Rey natural gas storage facilities. The new system allows members of the community to sign up to receive email, text, and telephone notifications if there is a reportable event at one of its storage facilities. The company’s first community notification system was launched in July 2016 at SoCalGas’ Aliso Canyon natural gas storage facility. “SoCalGas has been applying the experience and knowledge gained from Aliso Canyon to enhance the safety of our other underground storage fields and improve communications with members of the community who live and work near these critical facilities,” said Rodger Schwecke, senior vice president for transmission and storage at SoCalGas and SDG&E. “This communications system was built with feedback from the community and is an example of our commitment to transparency.” “SoCalGas’ new notification system is a great tool for the community and one that I hope Santa Clarita residents take advantage of,” said Cameron Smyth, mayor of Santa Clarita. “I appreciate all of the steps SoCalGas is taking to enhance safety at Honor Rancho.” “SoCalGas continues to be responsive and open with us, communicating regularly about various activities,” said Nora MacLellan, a Playa del Rey resident and member of the Playa del Rey Community Advisory Council. “The company is a great neighbor and member of the community.” “The amount of rules, regulations, details, and teams it takes to provide millions of us with comfortable lives is truly astonishing,” said Pat Caird, a Goleta resident and member of the La Goleta Community Advisory Council. “Once residents actually see the operation, they have a whole new perspective on natural gas.” Community notifications for the Honor Rancho, La Goleta, and Playa del Rey facilities are the latest safety measure being implemented at each of SoCalGas’ underground natural gas storage fields. Other safety enhancements already underway include: · Comprehensive well inspections; · Around-the-clock pressure monitoring of all wells; · Daily patrols to visually examine every well four times each day; · Enhanced training for our employees and contractors. Members of the community can sign-up to receive notifications via email, text, and/or telephone at socalgas.com/communitynotifications and may choose to opt-out at any time. # # # About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe, and reliable natural gas to its customers for 150 years. It is the nation's largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company's service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
Sempra Energy Reports Higher First-Quarter 2017 Earnings
SAN DIEGO, May 9, 2017 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today reported first-quarter 2017 earnings of $441 million, or $1.75 per diluted share, up from $353 million, or $1.40 per diluted share, in the first quarter 2016. "Our strong first-quarter results keep us on track to meet our 2017 earnings guidance," said Debra L. Reed, chairman, president and CEO of Sempra Energy. "As we outlined at our analyst conference last month, we are executing on our strategic plan to grow our earnings at about twice the average rate of our utility peers from 2017 through 2021." All earnings, adjusted earnings, earnings per share and adjusted earnings per share for 2016 have been recast to reflect the adoption of a share-based compensation accounting standard in 2016. Additionally, first-quarter 2016 results for Southern California Gas Co. (SoCalGas) and San Diego Gas & Electric (SDG&E) did not include revenue from their 2016-18 General Rate Case, as the California Public Utilities Commission (CPUC) did not issue its final decision until last year's second quarter. Sempra Energy's first-quarter adjusted earnings were $438 million, or $1.74 per diluted share, in 2017, up from $404 million, or $1.60 per diluted share, in 2016. Last year's adjusted first-quarter results excluded a $27 million after-tax loss related to the previously announced agreement to sell Sempra LNG & Midstream's stake in the Rockies Express Pipeline (REX) and $24 million of deferred tax expense related to the planned Termoeléctrica de Mexicali (TdM) power plant sale. Sempra Energy's adjusted first-quarter 2017 results excluded a $3 million deferred tax benefit related to the planned sale of TdM. SEMPRA UTILITIES Southern California Gas Co. Earnings for SoCalGas were $203 million in the first quarter 2017, compared with $199 million in the first quarter 2016. San Diego Gas & Electric First-quarter earnings for SDG&E were $155 million in 2017, compared with $136 million in 2016, due primarily to higher CPUC base margin and lower operating expenses. Sempra South American Utilities Earnings for Sempra South American Utilities were $47 million in the first quarter 2017, compared with $38 million in the first quarter 2016, primarily due to higher operating earnings in Peru. SEMPRA INFRASTRUCTURE Sempra Mexico Sempra Mexico had first-quarter earnings of $48 million in 2017, compared with $18 million in 2016, due primarily to the $24 million in deferred tax expense in 2016 related to the planned TdM sale, offset by unfavorable foreign-currency and inflation impacts in 2017. Additionally, Sempra Mexico benefited in the first quarter 2017 from incremental operating earnings from subsidiary IEnova's acquisitions late last year of the Ventika wind farm complex and PEMEX's stake in the Gasoductos de Chihuahua joint venture, and higher regulatory earnings from projects in construction. Sempra Renewables First-quarter 2017 earnings for Sempra Renewables were $11 million, compared with $14 million in last year's first quarter. Sempra LNG & Midstream Sempra LNG & Midstream had earnings of $1 million in the first quarter 2017, compared with a loss of $32 million in the first quarter 2016, primarily due to the $27 million after-tax loss in 2016 related to the agreement to sell its stake in REX. EARNINGS GUIDANCE Sempra Energy today reaffirmed its 2017 earnings-per-share guidance range of $4.85 to $5.25. NON-GAAP FINANCIAL MEASURES First-quarter adjusted earnings and adjusted earnings per share for both 2017 and 2016 are non-GAAP financial measures. Additional information regarding these non-GAAP financial measures is in the appendix on Table A of the first-quarter financial tables. INTERNET BROADCAST Sempra Energy will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. EDT with senior management of the company. Access is available by logging onto the website at www.sempra.com. For those unable to log onto the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 2862957. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in forward-looking statements include: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; changes in the tax code as a result of potential federal tax reform, such as the elimination of the deduction for interest and non-deductibility of all, or a portion of, the cost of imported materials, equipment and commodities; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to favorable international trade agreements, and changes that make our exports less competitive or otherwise restrict our ability to export; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on the company's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and IEnova are not the same as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. [SRE-F] SEMPRA ENERGY Table A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended March 31, (Dollars in millions, except per share amounts) 2017 2016 (1) (unaudited) REVENUES Utilities $ 2,698 $ 2,442 Energy-related businesses 333 180 Total revenues 3,031 2,622 EXPENSES AND OTHER INCOME Utilities: Cost of electric fuel and purchased power (527) (515) Cost of natural gas (485) (311) Energy-related businesses: Cost of natural gas, electric fuel and purchased power (67) (56) Other cost of sales (22) (35) Operation and maintenance (714) (701) Depreciation and amortization (360) (328) Franchise fees and other taxes (110) (111) Equity earnings (losses), before income tax 3 (22) Other income, net 169 49 Interest income 6 6 Interest expense (169) (143) Income before income taxes and equity (losses) earnings of certain unconsolidated subsidiaries 755 455 Income tax expense (295) (108) Equity (losses) earnings, net of income tax (8) 17 Net income 452 364 Earnings attributable to noncontrolling interests (11) (11) Earnings $ 441 $ 353 Basic earnings per common share $ 1.76 $ 1.41 Weighted-average number of shares outstanding, basic (thousands) 251,131 249,734 Diluted earnings per common share $ 1.75 $ 1.40 Weighted-average number of shares outstanding, diluted (thousands) 252,246 251,487 Dividends declared per share of common stock $ 0.82 $ 0.76 (1) As adjusted for the adoption of ASU 2016-09 as of January 1, 2016. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY GAAP EARNINGS TO SEMPRA ENERGY ADJUSTED EARNINGS (Unaudited) Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share exclude items (after the effects of taxes and, if applicable, noncontrolling interests) in 2017 and 2016 as follows: Three months ended March 31, 2017: ▪ $3 million deferred income tax benefit on Sempra Mexico's Termoeléctrica de Mexicali (TdM) natural gas-fired power plant that is held for sale Three months ended March 31, 2016: ▪ $(27) million impairment charge related to Sempra LNG & Midstream's investment in Rockies Express Pipeline LLC (Rockies Express) ▪ $(24) million deferred income tax expense on the TdM natural gas-fired power plant that is held for sale Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share are non-GAAP financial measures (GAAP represents accounting principles generally accepted in the United States of America). Because of the significance and nature of these items, management believes that these non-GAAP financial measures provide a meaningful comparison of the performance of Sempra Energy's business operations from 2017 to 2016 and to future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra Energy Earnings and Diluted Earnings Per Common Share, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. Pretax amount Income tax benefit (1) Non- controlling interests Earnings Pretax amount Income tax (benefit) expense (1) Non- controlling interests Earnings (Dollars in millions, except per share amounts) Three months ended March 31, 2017 Three months ended March 31, 2016(2) Sempra Energy GAAP Earnings $ 441 $ 353 Exclude: Impairment of investment in Rockies Express $ — $ — $ — — $ 44 $ (17) $ — 27 Deferred income tax (benefit) expense associated with TdM — (5) 2 (3) — 29 (5) 24 Sempra Energy Adjusted Earnings $ 438 $ 404 Diluted earnings per common share: Sempra Energy GAAP Earnings $ 1.75 $ 1.40 Sempra Energy Adjusted Earnings $ 1.74 $ 1.60 Weighted-average number of shares outstanding, diluted (thousands) 252,246 251,487 (1) Income taxes were calculated based on applicable statutory tax rates, except for adjustments that are solely income tax. Income taxes associated with TdM were calculated based on the applicable statutory tax rate, including translation from historic to current exchange rates. (2) Reflects the adoption of ASU 2016-09 as of January 1, 2016. SEMPRA ENERGY Table B CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) March 31, 2017 December 31, 2016(1) (unaudited) Assets Current assets: Cash and cash equivalents $ 290 $ 349 Restricted cash 72 66 Accounts receivable, net 1,468 1,554 Due from unconsolidated affiliates 24 26 Income taxes receivable 65 43 Inventories 210 258 Regulatory balancing accounts – undercollected 202 259 Fixed-price contracts and other derivatives 161 83 Assets held for sale 196 201 Other 265 271 Total current assets 2,953 3,110 Other assets: Restricted cash 5 10 Due from unconsolidated affiliates 187 201 Regulatory assets 3,503 3,414 Nuclear decommissioning trusts 1,062 1,026 Investments 2,120 2,097 Goodwill 2,380 2,364 Other intangible assets 544 548 Dedicated assets in support of certain benefit plans 412 430 Insurance receivable for Aliso Canyon costs 621 606 Deferred income taxes 188 234 Sundry 817 815 Total other assets 11,839 11,745 Property, plant and equipment, net 33,492 32,931 Total assets $ 48,284 $ 47,786 Liabilities and Equity Current liabilities: Short-term debt $ 2,054 $ 1,779 Accounts payable 1,092 1,476 Due to unconsolidated affiliates 13 11 Dividends and interest payable 382 319 Accrued compensation and benefits 239 409 Regulatory balancing accounts – overcollected 189 122 Current portion of long-term debt 839 913 Fixed-price contracts and other derivatives 115 83 Customer deposits 160 158 Reserve for Aliso Canyon costs 49 53 Liabilities held for sale 40 47 Other 640 557 Total current liabilities 5,812 5,927 Long-term debt 14,409 14,429 Deferred credits and other liabilities: Customer advances for construction 145 152 Pension and other postretirement benefit plan obligations, net of plan assets 1,212 1,208 Deferred income taxes 4,025 3,745 Deferred investment tax credits 26 28 Regulatory liabilities arising from removal obligations 2,761 2,697 Asset retirement obligations 2,455 2,431 Fixed-price contracts and other derivatives 343 405 Deferred credits and other 1,527 1,523 Total deferred credits and other liabilities 12,494 12,189 Equity: Total Sempra Energy shareholders' equity 13,264 12,951 Preferred stock of subsidiary 20 20 Other noncontrolling interests 2,285 2,270 Total equity 15,569 15,241 Total liabilities and equity $ 48,284 $ 47,786 (1) Derived from audited financial statements. SEMPRA ENERGY Table C CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Three months ended March 31, (Dollars in millions) 2017 2016 (1) (unaudited) Cash Flows from Operating Activities Net income $ 452 $ 364 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 360 328 Deferred income taxes and investment tax credits 268 78 Equity losses 5 5 Fixed-price contracts and other derivatives (106) 4 Other (22) 36 Net change in other working capital components 84 165 Insurance receivable for Aliso Canyon costs (15) (335) Changes in other assets (41) (29) Changes in other liabilities 19 10 Net cash provided by operating activities 1,004 626 Cash Flows from Investing Activities Expenditures for property, plant and equipment (992) (971) Expenditures for investments (59) (30) Distributions from investments 17 9 Purchases of nuclear decommissioning and other trust assets (350) (94) Proceeds from sales by nuclear decommissioning and other trusts 357 93 Increases in restricted cash (93) (16) Decreases in restricted cash 93 20 Advances to unconsolidated affiliates (5) (6) Repayments of advances to unconsolidated affiliates 2 9 Other 4 (3) Net cash used in investing activities (1,026) (989) Cash Flows from Financing Activities Common dividends paid (176) (161) Issuances of common stock 17 15 Repurchases of common stock (14) (54) Issuances of debt (maturities greater than 90 days) 542 55 Payments on debt (maturities greater than 90 days) (313) (54) (Decrease) increase in short-term debt, net (97) 531 Other (5) (2) Net cash (used in) provided by financing activities (46) 330 Effect of exchange rate changes on cash and cash equivalents 9 6 Decrease in cash and cash equivalents (59) (27) Cash and cash equivalents, January 1 349 403 Cash and cash equivalents, March 31 $ 290 $ 376 (1) As adjusted for the adoption of ASU 2016-09 as of January 1, 2016. SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES AND INVESTMENTS Three months ended March 31, (Dollars in millions) 2017 2016 (1) (unaudited) Earnings (Losses) Sempra Utilities: San Diego Gas & Electric $ 155 $ 136 Southern California Gas 203 199 Sempra South American Utilities 47 38 Sempra Infrastructure: Sempra Mexico 48 18 Sempra Renewables 11 14 Sempra LNG & Midstream 1 (32) Parent and other (24) (20) Earnings $ 441 $ 353 Three months ended March 31, (Dollars in millions) 2017 2016 (unaudited) Capital Expenditures and Investments Sempra Utilities: San Diego Gas & Electric $ 418 $ 329 Southern California Gas 357 340 Sempra South American Utilities 43 43 Sempra Infrastructure: Sempra Mexico 140 40 Sempra Renewables 69 199 Sempra LNG & Midstream 15 47 Parent and other 9 3 Consolidated Capital Expenditures and Investments $ 1,051 $ 1,001 (1) As adjusted for the adoption of ASU 2016-09 as of January 1, 2016. SEMPRA ENERGY Table E OTHER OPERATING STATISTICS (Unaudited) Three months ended March 31, UTILITIES 2017 2016 SDG&E and SoCalGas Gas Sales (Bcf) (1) 126 113 Transportation (Bcf) (1) 156 148 Total Deliveries (Bcf) (1) 282 261 Total Gas Customers (Thousands) 6,816 6,782 Electric Sales (Millions of kWhs) (1) 3,764 3,773 Direct Access (Millions of kWhs) 787 834 Total Deliveries (Millions of kWhs) (1) 4,551 4,607 Total Electric Customers (Thousands) 1,436 1,428 Other Utilities Natural Gas Sales (Bcf) Sempra Mexico 8 8 Mobile Gas (2) (3) — 13 Willmut Gas (3) — 1 Natural Gas Customers (Thousands) Sempra Mexico 119 114 Mobile Gas (2) (3) — 84 Willmut Gas (3) — 19 Electric Sales (Millions of kWhs) Peru 1,894 1,949 Chile 811 799 Electric Customers (Thousands) Peru 1,080 1,058 Chile 689 675 ENERGY-RELATED BUSINESSES Sempra Infrastructure Power Sold (Millions of kWhs) Sempra Mexico (4) 1,055 580 Sempra Renewables (5) 1,014 767 Sempra LNG & Midstream 265 221 (1) Includes intercompany sales. (2) Includes transportation. (3) On September 12, 2016, Sempra LNG & Midstream completed the sale of the parent company of Mobile Gas and Willmut Gas. (4) Includes power sold at the Termoeléctrica de Mexicali natural gas-fired power plant and in 2017, at the Ventika wind power generation facilities acquired in December 2016. Also includes 50 percent of total power sold at the Energía Sierra Juárez wind power generation facility, in which Sempra Energy has a 50-percent ownership interest. Energía Sierra Juárez is not consolidated within Sempra Energy, and the related investment is accounted for under the equity method. (5) Includes 50 percent of total power sold related to solar and wind projects in which Sempra Energy has a 50-percent ownership. These subsidiaries are not consolidated within Sempra Energy, and the related investments are accounted for under the equity method. SEMPRA ENERGY Table F (Unaudited) STATEMENT OF OPERATIONS DATA BY SEGMENT Three months ended March 31, 2017 (Dollars in millions) SDG&E SoCalGas Sempra South American Utilities Sempra Mexico Sempra Renewables Sempra LNG & Midstream Consolidating Adjustments, Parent & Other Total Revenues $ 1,057 $ 1,241 $ 412 $ 264 $ 22 $ 132 $ (97) $ 3,031 Cost of sales and other expenses (616) (800) (326) (121) (15) (128) 81 (1,925) Depreciation and amortization (163) (126) (13) (36) (9) (10) (3) (360) Equity earnings, before income tax — — — — 2 1 — 3 Other income, net 18 11 3 127 — 1 9 169 Income (loss) before interest and tax (1) 296 326 76 234 — (4) (10) 918 Net interest (expense) income (2) (49) (25) (4) (30) (3) 6 (58) (163) Income tax (expense) benefit (90) (98) (19) (142) 11 (1) 44 (295) Equity earnings (losses), net of income tax — — 1 (9) — — — (8) (Earnings) losses attributable to noncontrolling interests (2) — (7) (5) 3 — — (11) Earnings (losses) $ 155 $ 203 $ 47 $ 48 $ 11 $ 1 $ (24) $ 441 Three months ended March 31, 2016 (Dollars in millions) SDG&E SoCalGas Sempra South American Utilities Sempra Mexico Sempra Renewables Sempra LNG & Midstream Consolidating Adjustments, Parent & Other Total Revenues $ 991 $ 1,033 $ 400 $ 138 $ 7 $ 130 $ (77) $ 2,622 Cost of sales and other expenses (596) (617) (329) (82) (13) (154) 62 (1,729) Depreciation and amortization (159) (122) (13) (17) (1) (13) (3) (328) Equity earnings (losses), before income tax — — — — 7 (29) — (22) Other income, net 14 10 2 11 — — 12 49 Income (loss) before interest and tax (1) 250 304 60 50 — (66) (6) 592 Net interest (expense) income (2) (48) (22) (4) (2) 1 4 (66) (137) Income tax (expense) benefit (3) (65) (83) (14) (40) 13 29 52 (108) Equity earnings, net of income tax — — 2 15 — — — 17 (Earnings) losses attributable to noncontrolling interests (1) — (6) (5) — 1 — (11) Earnings(losses) (3) $ 136 $ 199 $ 38 $ 18 $ 14 $ (32) $ (20) $ 353 (1) Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations. (2) Includes interest income, interest expense and preferred dividends of subsidiary. (3) As adjusted for the adoption of ASU 2016-09 as of January 1, 2016. SOURCE Sempra Energy
SDG&E Offers Tips For Safe Tree Planting This Arbor Day
SAN DIEGO, April 28, 2017 /PRNewswire/ -- Today, many Americans will take action to improve their communities by planting a tree in support of the Arbor Day Foundation's National Arbor Day. As the tree celebrations begin, SDG&E is reminding customers and landscapers to plant the " Right Tree in the Right Place" and to practice safe digging by calling 8-1-1, a free service to identify area utility lines, before planting. "Healthy trees help clean the air we breathe, prevent erosion and conserve watersheds," said John Jenkins, Vice President of Electric Engineering and Construction. "We want to make sure our customers stay safe as they get to work planting a tree. First, choose a spot where there are no power lines or utility boxes nearby. Second, call 8-1-1 to make sure you're not going to accidentally damage any utility lines in the ground below – water, electric, gas, or cable." Trees play an integral part in creating a cleaner, greener and healthier future. SDG&E has built an award-winning vegetation management team, earning the Arbor Day Foundation's distinction as a Tree Line USA® Utility for the last 15 years. This team takes great care to trim the trees within SDG&E's service community to help reduce the risk of tree-related power outages, fire and other impacts to the energy grid. Customers can help by being mindful of energy infrastructure before planting a tree. SDG&E asks that all customers consider the future growth of the tree in mind when identifying a safe planting spot. As trees grow, their branches and roots spread out so avoid planting them too close to overhead power lines or over underground electric lines, natural gas pipes or cables. Take the time to properly select a tree that is not only aesthetically pleasing but is safe to plant in your area. Don't plant shrubs directly in front of SDG&E equipment and maintain the grade (or slope) of the soil so water drains away from equipment. Call 8-1-1 Underground Service Alert can be reached for free by dialing 8-1-1, two days before the start of digging. By calling 8-1-1 contractors and customers will receive visual markings for all electric lines, natural gas pipes and cables in the area to help avoid damaging any infrastructure while digging. If at any time there is concern of a gas emergency, immediately evacuate the area where the leak is suspected and from a safe location call SDG&E at (800) 411-7343. For more safety information, visit sdge.com/safety. SDG&E is an innovative San Diego-based energy company that provides safe, reliable, clean energy to better the lives of the people it serves in San Diego and southern Orange counties. More than 4,000 employees work to provide the most reliable and clean energy in the West. The company has been recognized by the U.S. Environmental Protection Agency for leadership in addressing climate change, was the first to meet California's goal of delivering 33 percent of energy from renewable sources, has fueled the adoption of electric vehicles and energy efficiency through unique customer programs, and supports a number of non-profit partners. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook. SOURCE San Diego Gas & Electric (SDG&E)
SoCalGas Executive, Employees to Help Pacoima Residents Prevent Home Fires this Saturday, April 29
WHAT: SoCalGas employee volunteers will help families in the city of Pacoima make their homes safer by installing free ten-year lithium battery smoke alarms and conducting battery checks. The volunteer work is part of Southern California Gas Company’s sponsorship of the Home Fire Campaign through a partnership with the American Red Cross Los Angeles Region. SoCalGas is helping the American Red Cross reach its goal of reduce death and injury from home fires by 25 percent by 2020. WHO: □ Jimmie Cho, senior vice president of gas operations and system integrity for SoCalGas □ Various other SoCalGas managers and employees. VISUALS: SoCalGas Executive, directors and staff installing smoke alarms and conducting battery checks for residents of Pacoima. WHERE: Hubert H. Humphrey Memorial Recreation Center from 8-8:30 a.m. 12560 Filmore Street Pacoima, CA 91331 Opening remarks from 8:30-9 a.m. Volunteer training from 9-10 a.m. Visit a Pacoima resident’s home to see a smoke alarm installed from 10 a.m.-noon. INTERVIEWS: □ Jimmie Cho, senior vice president of gas operations and system integrity for SoCalGas □ Taylor Vaughan, Home Fire Campaign Lead for the American Red Cross Los Angeles Region Cross □ Jon Brown, Disaster Program Manager for the American Red Cross Los Angeles Region □ Trisha Muse, director of community relations for SoCalGas □ Andy Carrasco, director of regional public affairs for SoCalGas WHEN: Saturday, April 29, 8 a.m. to 3:30 p.m.
Sempra Energy To Report First-Quarter 2017 Earnings May 9
SAN DIEGO, April 25, 2017 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to announce its first-quarter 2017 earnings at 8:30 a.m. EDT, May 9. Sempra Energy executives will conduct a conference call at 12 p.m. EDT, May 9. Investors, media, analysts and the general public may listen to a live webcast of the conference call at the company's website, www.sempra.com, by clicking on the appropriate audio link. For those unable to obtain access to the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 2862957. Briefing materials will be posted on the company's website by 8:30 a.m. EDT, May 9. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. [SRE-F] SOURCE Sempra Energy
SoCalGas Power-to-Gas Project Selected by U.S. Department of Energy’s National Renewable Energy Laboratory to Receive Funding
LOS ANGELES, Apr. 24, 2017 – Southern California Gas Co. (SoCalGas) today announced that its power-to-gas project has been selected by the U.S Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) to receive up to $175,000 in cost share support for a new technology research and demonstration project at NREL’s Energy Systems Integration Facility (ESIF). SoCalGas and NREL researchers will partner to conduct research to advance the development of power-to-gas technology, a cutting-edge method of storing excess renewable energy. “Power-to-gas technology has the potential to bridge the renewable energy supply-demand gap that has become more and more challenging,” said Jeff Reed, director of business strategy and advanced technology at SoCalGas. “This technology can significantly increase the amount of renewable energy integrated into the electrical supply and improve grid reliability. By using our existing gas pipeline infrastructure to store large amounts of carbon-free power, we could really make a difference in California’s clean-energy future.” "NREL and SoCal Gas will be leveraging the large-scale hydrogen system capabilities at the ESIF to accelerate the commercialization and deployment of a power-to-renewable-hydrogen-to- -natural-gas," said Kevin Harrison, Senior Engineer at NREL. “Once the renewable hydrogen and/or methane is produced, the gases can be stored indefinitely and utilized in a number of energy sectors including electricity generation, transportation, fertilizer (ammonia) production, and oil and gas. The system can also be operated in a highly dynamic mode to help stabilize the electrical grid to enable higher penetrations of renewable sources of electricity." Power-to-gas technology takes excess renewable electricity that would otherwise go to waste and converts it to hydrogen. The hydrogen is then combined with carbon dioxide and fed to a bioreactor where organisms produce renewable natural gas, or RNG. RNG can be used in everything from home appliances to industrial processes, engines and power plants. http://www.socalgas.com/newsroom The conversion of renewable electricity to RNG enables long-term, monthly, or seasonal storage of large amounts of carbon-free power. Researchers note that this long-duration storage is difficult to achieve with traditional storage technology such as lithium ion batteries, which are typically designed to store energy for shorter time periods. SoCalGas’ research with NREL, located in Golden, Colorado, will seek to answer questions like whether the bioreactor can be operated efficiently and economically to follow solar- and wind-generated electricity profiles. The team will also examine the potential of power-to-gas technology to store large quantities of renewable energy for an entire year, and how it compares in performance and cost to battery storage. # # # About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe, and reliable natural gas to its customers for 150 years. It is the nation's largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company's service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
SoCalGas and U.S. Green Building Council Los Angeles Host the 16th Annual Municipal Green Building Conference & Expo
LOS ANGELES, Apr. 21, 2017 – Southern California Gas Company (SoCalGas) hosted nearly 800 environmental and building-industry leaders, along with representatives from more than 75 Southern California municipalities at the 16th Annual Municipal Green Building Conference and Expo (MGBCE) yesterday. The event is the longest running green building conference in Southern California and was held at SoCalGas’ LEED-certified Energy Resource Center (ERC) in Downey, California. Images from the conference are available here. “SoCalGas has been a leader in clean energy for decades, and we will continue to work closely with the cities of Southern California to ensure a sustainable future. Hosting this Expo is just a small part of that mission,” said Dan Rendler, director of customer programs and assistance for SoCalGas. “SoCalGas is also working to encourage the building of dual-fuel zero-net-energy homes and to increase the production and use of renewable natural gas, and we’re pushing innovative ways to store renewable solar and wind energy through power-to-gas technology.” The theme of this year’s conference, “Connected Cities: Economic, Environmental, and Equity Solutions,” emphasized the collaboration from between municipalities and building-industry organizations needed to create connected and thriving cities. “Every year, this event presents more depth and breadth of solutions, case studies, and tools presented by and for municipalities to use in helping create a more sustainable path for us all,” said Dominique Hargreaves, executive director of U.S. Green Build Council Los Angeles. “This year, especially, we are hoping that cities take with them the three E’s – Economic, Environmental and Equity solutions – to advance their own ‘connected cities.” “LADWP presented on water conservation and shared what we’re doing as a utility to save water and power at our facilities,” said exhibitor Rick Silva, supervisor of the water conservation response unit at Los Angeles Department of Water and Power. “I’ve been in water conservation for more than 15 years, and I’ve noticed that, now more than ever, people are willing to make positive, eco-conscious changes. The climate for clean energy is changing, and the time to act is now. We need to connect, and we need to be persistent.” “SoCal Edison offers a variety of programs to support customers’ projects and sustainability goals, like Savings By Design, which is a program that provides design assistance and financial incentives to support energy efficiency in non-residential, new construction projects,” said exhibitor Dave Intner, program architect for the Savings By Design program at Southern California Edison. “I’ve been attending this conference for 7 or 8 years now because I enjoy interacting with forward-thinking, innovative, and fun people that are doing some really interesting things to advance the principles of sustainability. This is always a great event.” “I’m excited about today’s event that SoCalGas has co-sponsored,” said participant George Bandy, vice president of sustainability at Mohawk Group. “As the largest flooring manufacturer in the world, we believe that Mohawk has a responsibility to promote a system that contributes to Mother Nature rather than detracts from it. It’s inspiring to be here learning from the best of the best in the industry.” Hosting the MGBCE is just one example of SoCalGas’ commitment to sustainable practices and innovation. SoCalGas is currently working with industry-leading experts and researchers to advance power-to-gas technology to help California meet its clean energy goals. The power-to-gas technology takes excess renewable electricity that would otherwise go to waste and converts it to hydrogen. The hydrogen is then combined with carbon dioxide and fed to a bioreactor where organisms produce renewable natural gas, or RNG, that can be used in everything from home appliances to industrial processes, engines, and power plants. SoCalGas has also partnered with waste management company CR&R Environmental to use renewable natural gas from CR&R's anaerobic digestion facility in Perris, California is to fuel up to 320 of CR&R's recycling and waste collection vehicles operating in Southern California. The trucks are already being fueled with renewable gas from special storage trailers while SoCalGas completes a 1.4-mile pipeline that will bring the carbon-neutral renewable natural gas into the SoCalGas distribution system. This will be the first time that renewable natural gas supply will be directly interconnected with and piped into the SoCalGas system. In addition, SoCalGas pursues LEED certification for all remodels and new construction greater than 10,000 square feet. It has also earned LEED certifications for nine facilities as well as various honors for environmental stewardship, including U.S. Environmental Protection Agency awards for outstanding contributions to energy efficiency and environmental education. More information about SoCalGas’ sustainability practices is available at socalgas.com. # # # About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe, and reliable natural gas to its customers for 150 years. It is the nation's largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company's service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. About U.S. Green Building Council – Los Angeles U.S. Green Building Council-Los Angeles (USGBC-LA) is a 501(c)3 nonprofit organization committed to creating a prosperous and sustainable future within one generation. Our mission promotes sustainability in LA County's built environment by delivering access to knowledge, resources, recognition, and networking. About the Municipal Green Building Conference and Expo Since its inception in 2000, the Municipal Green Building Conference and Expo (MGBCE) has become an important gathering of leading sustainability and green building advocates within both the public and private sectors in southern California. Hosted by the SoCalGas at the ERC building in Downey, this annual Spring conference and trade show provides training, education and outreach to inform local government agencies, building industry professionals and the general public about the principles, practices and products associated with green building.
Media Advisory: SoCalGas Employees to Clean up the Los Angeles River and Ballona Wetlands for Earth Day this Saturday, April 22
WHAT: Southern California Gas Co. (SoCalGas) employees will team up with Friends of Ballona Wetlands and Friends of the Los Angeles River to weed out the invasive plant species and gather litter. Sample photos from the 2016 clean-up here. WHO: In celebration of Earth Month, SoCalGas employees have volunteered all month in community service activities across Southern California, including a river clean-up, park clean-up, trash pick-up, removal of invasive plant species and weed abatement. SoCalGas’ nonprofit partners include: Bolsa Chica Conservancy, Fairview Gardens, Friends of the Ballona Wetlands, Friends of the Los Angeles River, Greater Bakersfield Green Expo, Keep Riverside Clean and Ventura Hillside Conservancy. VISUALS: Employees in blue SoCalGas T-shirts gathering non-native plants and litter along the L.A. River among the wildflowers and bird species of Ballona Wetlands. Sample photos from the 2016 clean-up here. INTERVIEWS: Scott Culbertson, executive director for Friends of Ballona Wetlands Mike Harriel, public affairs manager for SoCalGas (at Ballona Wetlands) Marissa Christiansen, executive director for Friends of the Los Angeles River Trisha Muse, director of community affairs for SoCalGas (at Friends of L.A. River) WHERE: TWO LOCATIONS: Friends of the Ballona Wetlands: 303 Culver Boulevard, Playa del Rey Friends of the LA River: 2825 Benedict Street, Los Angeles WHEN: Saturday, April 22, 9 a.m. to noon
SoCalGas Continues Pipeline Safety Work in West Los Angeles
LOS ANGELES, April 21, 2017 – Southern California Gas Co. (SoCalGas) today announced that on April 25 work will begin to replace approximately 5,000 feet of natural gas pipeline on Sepulveda Boulevard between Cashmere Street and Casiano Road, near the campus of University of California, Los Angeles, in West Los Angeles. This effort is part of SoCalGas’ Pipeline Safety Enhancement Plan, a multi-billion-dollar program that tests and/or updates the natural gas pipeline infrastructure in Southern California. “Ensuring the integrity of our pipeline system is critical to delivering the safe and reliable natural gas service our customers count on,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “More than 95 percent of homes use natural gas for heating, hot water and cooking, and more than 60 percent of all our electricity is generated using this clean form of energy. Upgrading this section of pipeline will enhance the reliability of service for thousands of residential and commercial customers in West Los Angeles.” SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. Since SoCalGas launched the PSEP program in 2013, integrity strength tests have been performed on 81 miles of pipeline. In addition, 77 miles have been upgraded and/or replaced. The current phase of PSEP calls for SoCalGas to test or replace about 210 miles of transmission pipelines in populated areas. As part of this project, SoCalGas crews will release a controlled amount of natural gas between 1 and 5 a.m. on April 25 at Bel Air Crest Road and Sepulveda Boulevard. During the work, one northbound lane at Casiano Road and Sepulveda Boulevard will be closed and one southbound lane at Cashmere Street and Sepulveda Boulevard will be closed. The lane closures will be marked by traffic signs and flagmen will direct traffic, as needed. Customers are not anticipated to experience any service interruptions during construction. Some residents and local business owners may occasionally smell the odorant in natural gas and may also hear some work-related noise. During work hours, commuters passing by the work site may see excavation, equipment and vehicles. Drivers should adhere to all traffic safety measures while driving past the construction zone, including slowing down and proceeding with caution. SoCalGas’ highest priority is the safety of its employees, customers and the communities it serves. Reflecting that commitment to safety, SoCalGas constructs, operates and maintains its pipeline system to meet or exceed all applicable federal and state regulations and requirements. Residents with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe and reliable natural gas to its customers for 150 years. It is the nation’s largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company’s service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
SDG&E Seeks More Storage To Harness Clean Energy And Enhance Reliability
SAN DIEGO, April 19, 2017 /PRNewswire/ -- Today, San Diego Gas & Electric (SDG&E) announced that it has signed contracts for five new local battery storage facilities for a total of 83.5 megawatts (MW). These four-hour energy storage facilities would be like having batteries from more than 5,500 all-electric, long-range vehicles at the ready. In addition, the company signed a contract to add a 4.5 MW demand response program. SDG&E has submitted all six contracts to the California Public Utilities Commission for approval. If approved, two of the five lithium-ion battery energy storage facilities will be owned and operated by SDG&E to enhance regional energy reliability while maximizing renewable energy use. AES Energy Storage will construct a 40-MW storage facility, building on its successful 37.5 MWs of deployments in Escondido and El Cajon. A 30-MW facility will be built in Miramar by Renewable Energy Systems Americas Inc. (RES). The other storage projects totaling 13.5 MW will be owned by third parties including Powin Energy, Enel through its U.S. subsidiary Enel Green Power North America, and Advanced Microgrid Solutions and constructed in Escondido, Poway and San Juan Capistrano. "These projects will add more flexibility to the system and help us to ensure reliability while providing greater levels of clean energy to all of our local communities," said Emily Shults, SDG&E's vice president of energy procurement. "By building these projects, SDG&E will remain at the forefront of helping the state achieve its bold clean-energy and carbon-emission targets." All five of the battery projects can store supplies of solar, wind and other traditional sources and release it when energy is in high demand. The California Public Utilities Commission (CPUC) has set targets for investor-owned utilities to procure large amounts of energy storage by 2020, including 165 MW by SDG&E. With these five new projects, SDG&E is on track to meet this goal. The new facilities are expected to come on line between December 2019 and late 2021. The demand response program run by OhmConnect will also add flexibility to the system. Beginning in early 2018, OhmConnect will request industrial and commercial customers who have enrolled in the demand-response program to reduce energy usage within 20 minutes of being called during certain days and hours. This process will be conducted by the California Independent System Operator and/or SDG&E as needed. SDG&E is an innovative San Diego-based energy company that provides safe, reliable, clean energy to better the lives of the people it serves in San Diego and southern Orange counties. More than 4,100 employees work to provide the cleanest and most reliable energy in the West. The company has been recognized by the U.S. Environmental Protection Agency for leadership in addressing climate change, was the first to meet California's goal of delivering 33 percent of energy from renewable sources, has fueled the adoption of electric vehicles and energy efficiency through unique customer programs, and supports a number of non-profit partners. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook. SOURCE San Diego Gas & Electric
Study Finds $2.5 Billion Positive Impact of Sempra Renewables Solar Complex On Nevada Economy
SAN DIEGO, April 12, 2017 – Sempra Renewables, a subsidiary of Sempra Energy, today announced that a study conducted by the University of Nevada, Reno’s Center for Regional Studies and the University Center for Economic Development, College of Business and Ekay Economic Consultants, has determined the company’s Copper Mountain Solar complex outside Boulder City, Nev., will produce more than $2.5 billion in economic benefit to the region’s economy over a 26-year period. Comprised of four solar installations, the Copper Mountain Solar complex is one of the nation’s largest photovoltaic (PV) facilities generating more than 550 megawatts (MW) of renewable energy, making Nevada a national leader in solar generation. “Nevada has been a wonderful partner for us in developing clean energy for the west,” said Kevin C. Sagara, president of Sempra Renewables. “This study validates the long-term economic benefits and additional new sources of revenue our project will deliver to the state and local governments.” The study estimated the impact on the Nevada economy in terms of growth in business revenues and employment, as well as public sector revenues received by all entities impacted by the project. According to the study, the Nevada economy received a one-time impact of $2 billion associated with the construction of the complex and will benefit from approximately $22.8 million per year positive impact for the life of the project’s operations. In terms of public sector revenues, Boulder City, home of the Copper Mountain Complex, will receive an estimated $201.6 million in net revenues during the 26-year project period. Clark County will receive an estimated $34.6 million in revenues from initial construction through operations over a 26-year period. Approximately $106.3 million in revenues will spread across various public government branches in Nevada. “Sempra Renewables has shown great leadership in developing the Copper Mountain Solar complex and helped make Nevada a national leader in solar generation,” said Nev. Gov. Brian Sandoval. “Sempra’s success is a prime example of merging Nevada’s unlimited renewable energy resources with successful operations and exportation of clean energy. Nevada is proud to celebrate in the achievements of a thriving company that continues to provide significant economic benefits to local and state government.” Sempra Renewables began developing the Copper Mountain Solar complex in 2008, completing the fourth phase of the project in 2016. During construction, an estimated 800 high-paying jobs were created. Today, 16 full-time employees work at the complex. The study also confirmed that operations only minimally impact three critical aspects of Nevada’s geography and climate: power, water and air quality. “When you see successful leadership, good policy and economic development with little or no additional costs to the state or local governments, renewable energy projects such as Copper Mountain Solar make great economic, fiscal, social and political sense for Nevada,” said Richard Bartholet, research assistant of the University Center for Economic Development. “The impacts outlined in this study demonstrate that renewable energy is a viable industry for the state of Nevada.” Sempra Renewables is a leading U.S. developer of renewable energy. Together with its partners, the company owns and operates nearly 2,400 megawatts of renewable capacity. Sempra Renewables is a subsidiary of Sempra Energy (NYSE:SRE), a Fortune 500 energy services holding company based in San Diego with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide.
Sempra Energy's IEnova Unit To Report First-Quarter 2017 Earnings April 25
SAN DIEGO, April 12, 2017 /PRNewswire/ -- Sempra Energy's Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), will announce its first-quarter 2017 earnings at 7 p.m. EDT, April 25. IEnova executives will conduct a conference call at 11 a.m. EDT, April 26. Investors, media, analysts and the general public may listen to a live webcast of the conference call at IEnova's website, www.ienova.com.mx, by clicking on the appropriate audio link. For those unable to obtain access to the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing 001-855-859-2056 and entering passcode 8854 2014#. Briefing materials will be posted on IEnova's website by 7 p.m. EDT, April 25. IEnova develops, builds and operates energy infrastructure in Mexico. As of 2016, the company has invested more than US$7 billion in operating assets and projects under construction in Mexico, making it one of the largest private energy companies in the country. IEnova is the first energy infrastructure company to be listed in the Mexican Stock Exchange. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and IEnova are not the same as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Begins Pipeline Safety Work in City of Ontario
LOS ANGELES, April 7, 2017 – Southern California Gas Co. (SoCalGas) today announced that it will begin a pipeline valve enhancement project on a natural gas line in the city of Ontario on April 10. The work will allow the flow of natural gas in the pipeline to be controlled automatically or remotely. These efforts are part of SoCalGas’ Pipeline Safety Enhancement Plan, a multi-billion-dollar program that tests and/or updates the natural gas pipeline infrastructure in Southern California. “Ensuring the integrity of our pipeline system is critical to delivering the safe and reliable natural gas service our customers count on,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “Replacing the valves on this section of pipeline will enhance the reliability of service for thousands of residential and commercial customers as well as for critical facilities, including several hospitals.” SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. Earlier this year, SoCalGas announced that it will upgrade or replace 50 to 60 pipeline valves in 2017 to further enhance the safety of its system. The upgraded valves will feature the latest technology that allow operators to control the valves from a remote location, or that automatically shut off the valve if a drop in pressure is detected. The new valves will allow gas control operators to respond more quickly if gas flow needs to be shut off in an emergency. To download an image of the enhanced pipeline valve, click here. Work will start at 7 a.m. on April 10 beginning at the intersection of Etiwanda Avenue and Fourth Street in the city of Ontario. Construction will continue for three months, weather and others factors permitting. During the three-month construction project, southbound lanes on Etiwanda Avenue beginning south of the intersection of Etiwanda Avenue and Fourth Street will be reduced by concrete traffic barriers to one lane. In addition, the lane closures will be marked by traffic signs and flagmen will direct traffic, as needed. Customers are not anticipated to experience any service interruptions. Some residents and local business owners may occasionally smell the odorant in natural gas and may also hear some work-related noise. During work hours, commuters passing by the work site may see excavation, equipment and vehicles. Drivers should adhere to all traffic safety measures while driving past the construction zone, including slowing down and proceeding with caution. SoCalGas’ highest priority is the safety of its employees, customers and the communities it serves. Reflecting that commitment to safety, SoCalGas constructs, operates and maintains its pipeline system to meet or exceed all applicable federal and state regulations and requirements. Residents with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe and reliable natural gas to its customers for more than 145 years. It is the nation’s largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company’s service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
SoCalGas Begins Pipeline Safety Enhancement Work Near LAX
LOS ANGELES, April 7, 2017 – Southern California Gas Co. (SoCalGas) today announced that on April 10 it will begin a six-month pipeline valve enhancement project on a natural gas line near Aviation Boulevard and 104th Street in Los Angeles. The work will allow the flow of natural gas in the pipeline to be controlled automatically or remotely. These efforts are part of SoCalGas’ Pipeline Safety Enhancement Plan, a multi-billion-dollar program that tests and/or updates the natural gas pipeline infrastructure in Southern California. “Enhancing the integrity of our pipeline system is critical to delivering the safe and reliable natural gas service our customers rely on,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “Replacing the valves on this section of pipeline will help maintain reliable service to thousands of residential and commercial customers in Los Angeles, including universities, schools and hospitals.” Earlier this year, SoCalGas announced that it will upgrade or replace 50 to 60 pipeline valves in 2017 to further enhance the safety of its system. To download an image or to stream a video of the enhanced valves, click here. SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. The Aviation Boulevard pipeline serves all customers in the Los Angeles basin, particularly businesses and homes in West Los Angeles. The project will require the following planned traffic closures: • A segment of 104th Street east of Aviation Boulevard will be closed for the duration of the project. • Aviation Boulevard will be reduced to one lane in each direction from 9 p.m. to 6 a.m. for approximately 4 to 6 weeks during construction. • One northbound and one southbound lane will be open on Aviation Boulevard at all times. • All lanes on Aviation Boulevard will reopen each morning at 6 a.m. Planned work hours for the first 21 weeks of the project will be 7 a.m. to 4 p.m. Monday through Friday. Day work will be limited to construction on 104th Street. For approximately 4 to 6 weeks of this 21-week period, work will be conducted intermittently at night from 9 p.m. to 6 a.m. Monday through Saturday. The night work will focus on construction on Aviation Boulevard. After the first 21 weeks, work hours for the remainder of this project will be 7 a.m. to 4 p.m. Monday through Friday. SoCalGas may extend work hours as necessary. It is not anticipated that customers will experience any service interruptions. Some residents and local business owners may occasionally smell the odorant in natural gas and may also hear some work-related noise. During work hours, commuters passing by the work site may see excavation, equipment and vehicles. SoCalGas’ highest priority is the safety of its employees, customers and the communities it serves. Reflecting that commitment to safety, SoCalGas constructs, operates and maintains its pipeline system to meet or exceed all applicable federal and state regulations and requirements. Residents with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe and reliable natural gas to its customers for more than 145 years. It is the nation’s largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company’s service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
Sempra Energy Updates Financial Outlook At 2017 Analyst Conference
SAN DIEGO, April 5, 2017 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today updated its financial outlook in advance of its 2017 financial analyst conference in San Diego. During a live webcast at 12 p.m. EDT today, Sempra Energy's management team will outline the company's strategic initiatives and disclose a projected long-term compound annual earnings-per-share (EPS) growth rate of 10 percent to 11 percent from 2017 through 2021. Also today, Sempra Energy reaffirmed its 2017 earnings-per-share guidance range of $4.85 to $5.25 and set its 2018 earnings-per-share guidance range at $5.30 to $5.80. Over the next five years, the company expects to invest approximately $14.2 billion in its utility and energy infrastructure businesses. At today's conference, Sempra Energy's management team will detail capital-expenditure plans and forecasted earnings by individual business segments. The live webcast and presentation slides will be available on the investor's section of Sempra Energy's website at www.sempra.com. A replay of the conference will be available on the website within 24 hours after the conference. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in forward-looking statements include: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; changes in the tax code as a result of potential federal tax reform, such as the elimination of the deduction for interest and non-deductibility of all, or a portion of, the cost of imported materials, equipment and commodities; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to favorable international trade agreements, and changes that make our exports less competitive or otherwise restrict our ability to export; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on the company's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and IEnova are not the same as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. [SRE-F] SOURCE Sempra Energy

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*As of December 31, 2025. Numbers may be approximate.

Sempra Infrastructure Partners and its subsidiaries, and the Sempra Texas utilities (Oncor and Sharyland Utilities) are not the same companies as the Sempra California utilities, SDG&E or SoCalGas, nor are they regulated by the California Public Utilities Commission (CPUC).