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Latino Restaurant Association Celebrates Hispanic Heritage Month by Awarding 23 Grants to Small Central Valley Restaurants with Donation from SoCalGas

Media assets here LOS ANGELES, Oct. 15, 2024 /PRNewswire/ -- The Latino Restaurant Association (LRA) announced that 23 independently owned restaurants in the Central Valley will receive grants of $3,500 each, made possible by a $100,000 grant from Southern California Gas Co. (SoCalGas). A check presentation was held Tuesday with grant recipient Mi Favorito restaurant in the City of Fowler. The full list of grant recipients is here: https://latinorestaurantassociation.org/. Since 2020, SoCalGas has supported the LRA with over $350,000 towards the organization's promotion and support of Latino restaurateurs and small business owners. "We are thrilled to celebrate Hispanic Heritage Month by awarding 23 grants to deserving restaurants in South Fresno, Kings and Tulare counties. This initiative not only supports our vibrant culinary community but also honors the rich cultural heritage that these establishments represent," said Lilly Rocha, CEO of the LRA. "By empowering these restaurants, we are preserving and promoting the diverse flavors and traditions that make our culture so unique. We are proud to stand with these entrepreneurs and help them continue to share their passion and heritage through their delicious food." The LRA provides resources, advocacy, and networking opportunities to help Latino-owned restaurants succeed and grow. "As we celebrate Hispanic Heritage Month, I would like to acknowledge and thank the Latino Restaurant Association who, with the generous support of SoCalGas, will award grants to uplift and celebrate local businesses and honor our cultural heritage," said California State Sen. Anna Caballero (D- Merced). "More than just financial support, these grants are a testament to the resilience, creativity and hard work of our Latino restaurateurs. By investing in small businesses, we are preserving the rich culinary traditions of our community, sharing it with others, and fostering economic growth and opportunity in the Central Valley." "SoCalGas recognizes the vital role small restaurants play in our communities, especially given the challenges they've faced in recent years," said Andy Carrasco, vice president of communications, local government and community affairs, SoCalGas."In collaboration with the Latino Restaurant Association, these grants will offer crucial support, enabling restaurants to invest in purchasing vital equipment, necessary dining gear, making technology upgrades, employee benefits, or other needs essential for the receiving restaurant's success and growth." Grants will be given to seven restaurants in Fresno, four in Kings and 11 in Tulare counties. The grant application was announced in July of this year, and eligibility was open to restaurants with a focus on Latino heritage or who have made significant contributions to the Latino community. "We are incredibly grateful to the Latino Restaurant Association and SoCalGas for this generous $3,500 grant. Their support allows us to continue sharing the rich and vibrant flavors of Mexican cuisine with our community," said Mirella Soto, owner of Mi Favorito Restaurant. "Serving authentic Mexican food is not just about providing a meal; it's about celebrating our culture, traditions, and the joy of coming together over a delicious plate. This grant will help us enhance our kitchen, improve our services, and bring even more of our beloved dishes to our valued customers. Thank you, SoCalGas, for helping us keep the spirit of Mexican cuisine alive and thriving." To qualify for the 2024 grant, restaurant owners must have met the following criteria: Own up to three restaurant locations Generate less than $1 million in annual revenue per location Have been in business for more than three years Must be a current SoCalGas customer Be a member of the Latino Restaurant Association (Free two-year memberships were made available to restaurants in South Fresno, Kings, and Tulare Counties). Last year, SoCalGas supported the LRA in distributing grants to 35 Los Angeles County restaurants, including 25 Latino-owned and 10 AAPI-owned restaurants. LRA members network with industry professionals, market their brands, and learn ways to make their businesses more efficient. The grants are part of SoCalGas' ASPIRE 2045 Sustainability Strategy. SoCalGas plans to invest $50 million over five years into communities the company serves. SoCalGas aspires to empower communities and help entrepreneurs grow for success. About SoCalGas SoCalGas is the largest gas distribution utility in the United States, serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, and most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit newsroom.SoCalGas.com or connect with SoCalGas on social media @SoCalGas.  This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website,  www.sec.gov , and on Sempra's website,  www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

SoCalGas CEO Scott Drury Receives 'Transformative Leader' Award

Media assets here LOS ANGELES, Oct. 10, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) CEO Scott Drury was honored Wednesday with the Shift Diverse Business Solutions (Shift DBS) Transformative Leader Award at their annual Investor-owned Utility Supplier Summit. The event celebrates suppliers in the utility space, bringing together the California Public Utilities Commission (CPUC), prime suppliers, subcontractors, diverse businesses and some of California's utility leaders including San Diego Gas and Electric (SDG&E), Pacific Gas and Electric (PG&E), Southern California Edison (SCE), AT&T and SoCalGas. "We are honored to present Scott Drury with the Shift DBS Transformative Leader Award for his exceptional leadership in sustainability, safety and supplier diversity," said Sherry Shafiei, CEO at Shift DBS. "His dedication to creating opportunities for suppliers of all sizes and backgrounds has helped reshape the way the industry approaches supplier diversity. Known for being a humble and people-centered leader, Scott has made a lasting impact on his organization and the broader community. His influence extends to suppliers, communities, and industries across the board. This is why Shift DBS is proud to recognize Scott, as his visionary leadership continues to inspire the entire industry." Shift DBS partners with diverse and non-diverse suppliers to offer tailored development programs, strategic guidance and collaborative opportunities to work with major corporations. In 2023, SoCalGas exceeded the CPUC's diverse spending goal* for the 31 st consecutive year, purchasing 44% of all goods and services from diverse businesses. SoCalGas has spent almost $6 billion over the past seven years with diverse business enterprises owned by minority, women, disabled veteran, persons with disabilities and/or LGBT-owned businesses. " Scott Drury's leadership at SoCalGas is transformative," said California State Sen. Steven Bradford (D- Gardena). "As a strong supporter of diversity, I commend his dedication to sustainability, safety, and supplier diversity, which strengthens our local economies and sets a high standard for the utility sector. Congratulations to Scott on receiving the Transformative Leader Award. His work continues to positively shape California's energy future." Under Drury's leadership, SoCalGas' ASPIRE 2045 sustainability strategy includes the goal of achieving 45% spending with diverse business enterprises by 2025. In addition, ASPIRE 2045 sets forth SoCalGas' goal to achieve net zero greenhouse gas emissions in the company's operations and delivery of energy by 2045, as well as establishes goals related to safety, diversity, equity and inclusion (DE&I) in the workplace, and investment in underserved communities. "Supplier diversity can drive innovation, benefit local economies, strengthen the supply chain, and help accelerate California's clean energy transition," Drury said. "SoCalGas' achievements in supplier diversity and cleaner energy innovations are driven by our determination to deliver energy for our customers that is reliable, affordable and increasingly sustainable. As we pursue our mission to build the cleanest, safest, and most innovative energy infrastructure company in America, we are proud that our supplier network reflects California's diversity." The DOE's Office of Energy Justice and Equity recognized SoCalGas's successful Supplier Diversity Program and selected SoCalGas to host its Minority Business Enterprise (MBE) Connect Summit in April at SoCalGas' Energy Resource Center in Downey, Calif. The summit connected MBEs with the DOE, more than 40 state and federal agencies and prime government contractors involved in the allocation of $400 billion in federal contract opportunities. Eight hundred representatives of diverse businesses from 33 states attended, more than 1,600 unique business matchmaking sessions took place and attendees engaged with financial institutions, private sector companies and nonprofits for learning and business opportunities. This week, in Riverside, Calif., the CPUC held a Small and Diverse Business Expo and the 22 nd annual GO 156 Supplier Diversity En Banc, a public forum to hear representatives from California's investor-owned utilities discuss supplier diversity programs and contracting opportunities. Drury participated in an energy panel discussion, "Driving Utility Performance Through Technology and Innovative Strategies," moderated by CPUC Commissioner John Reynolds. To learn more about SoCalGas' supplier diversity programs, visit https://www.socalgas.com/doing-business-with-us/supplier-diversity. *California Public Utilities Commission Supplier Diversity Program, see General Order 156 About SoCalGas SoCalGas is the largest gas distribution utility in the United States, serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, and most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit newsroom.SoCalGas.com or connect with SoCalGas on social media @SoCalGas.  This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website,  www.sec.gov , and on Sempra's website,  www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

Brotherhood Crusade's New Danny J. Bakewell, Sr. Community Garden Will Serve South LA Families with $75,000 Donation from SoCalGas

Media assets here LOS ANGELES, Oct. 9, 2024 /PRNewswire/ -- Today, Southern California Gas Co. (SoCalGas) presented a $75,000 donation to Brotherhood Crusade to support the development of the new Danny J. Bakewell, Sr. Community Garden at the organization's headquarters in South Los Angeles. Bakewell served as president and chief executive officer for 35 years at Brotherhood Crusade, a 50-year-old grassroots organization dedicated to improving the lives of low-income, underserved, under-represented and disenfranchised individuals. Los Angeles City Council President Marqueece Harris-Dawson attended the event. The Danny J. Bakewell, Sr. Community Garden is anticipated to open in Spring 2025. In its first year, the garden aims to serve 200 families in South LA, enhancing access to fresh foods and reducing food insecurity. The new garden will allow Brotherhood Crusade to expand its existing Teaching Gardens program, educating students on the importance of fresh produce and the healing power of natural plants like herbs and aloe vera. The garden will also be used for education programs, community receptions, and movie nights. "Thanks to the generous grant from SoCalGas, we can significantly enhance our initiatives to promote access to green space, health and wellness in South Los Angeles," said Brotherhood Crusade's Chief Executive Officer Charisse Bremond. "We are deeply grateful for their support and thrilled to dedicate this garden in honor of Danny J. Bakewell, Sr., our Institution Builder who led our institution for 35 years and is a lifelong champion of our community. This garden will host educational programs on urban agriculture, nutrition, healing circles, and environmental stewardship, benefiting hundreds of families in the area." Danny J. Bakewell, Sr. currently serves as chairman of the board of Brotherhood Crusade. He has been named one of Los Angeles' Most Influential Leaders by the Los Angeles Times and has a long history of social justice activism. He co-founded the National Black United Fund and has been a key figure in the Los Angeles Sentinel's growth since his family purchased the paper in 2004. Bakewell also founded the Taste of Soul Family Festival, now in its 19 th year, which attracts over 500,000 people and hundreds of local businesses to Crenshaw Boulevard. The Danny J. Bakewell Sr. Primary Center in South L.A. is named in his honor. His leadership has made Brotherhood Crusade a premier institution in the country. " Danny Bakewell has dedicated his life's work to uplifting the community with a sense of both pride and responsibility. He set an expectation to 'do something' and set his family in motion to create a legacy of just that. This garden created in his honor will become a testament to this work, ever growing, ever-changing, and thriving. Thank you to SoCalGas and Brotherhood Crusade for honoring his impact on our community," said Los Angeles City Council President Marqueece Harris-Dawson. "This day is a celebration of our shared vision for a healthier, greener South Los Angeles. The Danny J. Bakewell, Sr. Community Garden is a testament to our dedication to environmental stewardship and community wellness. I extend my heartfelt thanks to SoCalGas and Brotherhood Crusade for their steadfast commitment to this project," said Los Angeles City Councilmember Curren Price. "SoCalGas is committed to making a positive difference in the communities it serves, and our support for Brotherhood Crusade is a testament to this ongoing dedication. The Danny J. Bakewell, Sr. Community Garden will not only provide fresh, healthy produce but also serve as a green oasis in the heart of the city, a gathering place for residents, enriching the lives of all who visit," said Andy Carrasco, SoCalGas vice president of communications, local government and community affairs. According to a study from the University of Southern California Dornsife, 1.4 million Angelenos lack access to sufficient and healthy food due to barriers like limited grocery stores or lack of public transportation creating food deserts - areas with severely limited access to affordable and good-quality fresh food. Due to their limited options, residents in these food deserts may consume more available fast food and non-nutritious meals, which increases the presence of health issues such as heart disease, diabetes and obesity. With a community garden, South LA residents will have greater access to fresh produce, which they can incorporate into their regular diet and move away from unhealthy ingredients previously available to them. SoCalGas' collaboration with Brotherhood Crusade is part of the company's ASPIRE 2045 sustainability goals, which includes a plan to invest $50 million to drive positive change in diverse and underserved communities across five years. About Brotherhood CrusadeBrotherhood Crusade was founded in 1968. The organization's principal mission is to champion equality and equity by removing and/or helping individuals overcome the barriers that deter their pursuit of success in life and facilitate opportunities for a better quality of life by effectuating improved health & wellness, social & economic growth, facilitating academic success, promoting personal, providing access to artistic excellence & cultural awareness, increasing financial literacy, and building community agencies & institutions. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit newsroom.SoCalGas.com or connect with SoCalGas on social media @SoCalGas. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website,  www.sec.gov , and on Sempra's website,  www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

Boyle Heights Solis S.T.E.M. Magnet High School's First All-Girls Team Competes on International Stage at the Horizon Hydrogen Grand Prix World Finals

Media assets here LOS ANGELES, Sept. 10, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced that the Boyle Heights Solis S.T.E.M. Magnet High School will compete tomorrow against teams representing 14 countries at the Hydrogen Grand Prix World Finals in Anaheim, California, taking place September 9 to 12. Sponsored by SoCalGas, the all-girls team, Las STEMateras, built a hydrogen fuel cell, remote-control race car that will compete in a six-hour race. This competition gives students the opportunity to use their knowledge of clean energy and apply their skills to hands-on projects. This is the Boyle Heights Solis S.T.E.M. Magnet High School second trip to the world finals. In 2023, the Los STEMateros team participated in the Hydrogen Grand Prix World Finals in Las Vegas. The Hydrogen Grand Prix (H2GP) challenges tomorrow's innovators to design, engineer, build and race their own hydrogen-powered cars. "We are so proud of the Boyle Heights Hilda Solis HS team for earning a spot to compete on an international stage," LAUSD Board Member Dr. Rocío Rivas said. "Their families and school communities will be rooting for them at every turn because of the teamwork, grit, and innovation. Let's go!!!" Despite making up 47% of the national workforce, women only make up about 32% of the renewable energy workforce, according to Save on Energy. Opportunities like H2GP are important for providing accessible opportunities to all students pursuing careers in clean energy. "Being able to work together with SoCalGas to provide these experiences to our youth in underrepresented communities is what drives my enthusiasm and allows me to enjoy the work that I do. The exposure to real world applications of topics that my students are learning in class is important for them to be able to gain the confidence to pursue careers in the stem fields where we are underrepresented," said Israel Hernandez, teacher coach of Las STEMateras. H2GP's S.T.E.M curriculum exposes students to skills that are essential for California's energy transition. With SoCalGas' H2 Innovation Experience in Downey, and the recently revamped SoCalGas storefront at Junior Achievement of Southern California (JASoCal) JA Finance Park, SoCalGas provides practical, hands-on experience for students to learn meaningful lessons in sustainability and career exploration in S.T.E.M. fields. SoCalGas is committed to supporting the communities it serves, working to provide equitable opportunities while taking tangible steps towards a carbon neutral future. By providing support and resources for students towards higher education and career development, SoCalGas aspires to empower communities and help young leaders for success. Under the ASPIRE 2045 Sustainability Strategy, SoCalGas plans to invest $50 million over five years into communities the company serves, working to advance racial and gender diversity in the workplace and taking tangible steps towards a carbon neutral future. By providing resources for higher education and career development, SoCalGas aspires to empower communities and help prepare young leaders for success. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE ), a leading North American energy infrastructure company. For more information, visit newsroom.SoCalGas.com or connect with SoCalGas on social media @SoCalGas .  This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.  In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.  Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitrations and other proceedings, and changes to laws and regulations, including those related to tax and trade policy; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate and sustainability policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.  These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website,  www.sec.gov, and on Sempra's website,  www.sempra.com. Investors should not rely unduly on any forward-looking statements.  Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.  SOURCE Southern California Gas Company

SoCalGas Launches New Fuel Card Program to Help Reduce Greenhouse Gas Emissions from Heavy-Duty Transportation Sector

LOS ANGELES, Sept. 9, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today it will make $1.5 million available to provide funds for 50 fuel cards to help accelerate the transition to low- and zero-emissions vehicles in the heavy-duty transportation sector. For 90-days, starting today through Dec. 8, 2024, companies that purchase a qualifying vehicle can apply for a fuel card through SoCalGas' Low Carbon Fuel Standard (LCFS) Fuel Card Incentive Program. The $30,000 fuel card is designed to help support the transition to cleaner fuels in alignment with the California Air Resource Board (CARB) Scoping Plan for reaching carbon neutrality, by decreasing the demand for petroleum fuels to help reduce greenhouse gas emissions and improve air quality. "As a company with approximately 5,000 light-, medium- and heavy-duty vehicles, as well as trailers and equipment, we understand the financial challenges that come with transitioning to a low- or zero-emissions fleet," said Jawaad Malik, chief strategy and sustainability officer at SoCalGas. "By implementing innovative incentives like these fuel cards, we can help provide commercial fleet owners with significant cost savings to encourage their transition to a cleaner fleet, which ultimately contributes to a healthier environment and a more sustainable and resilient economy for California." Under the CARB LCFS program, SoCalGas receives credits for procuring low emissions fuels. The credits lower fuel prices at SoCalGas' 16 public access stations, which dispense 100% renewable natural gas (RNG). The creation of a fuel card incentive program is an additional way SoCalGas is giving credits back to customers in its service area to further support California's climate and clean air goals. "We are excited that SoCalGas is offering this fuel card program that will provide significant savings for fleet operators," said Hal Meriwether, regional general manager for Rush Truck Centers in California. "As the nation's leading supplier of natural gas vehicles and consulting services, we are committed to helping customers make the best decisions for their business. This initiative makes the adoption of low- and zero-emission trucks more financially attractive for California fleets." To participate in the SoCalGas LCFS Fuel Card Incentive Program applicants must purchase a Class 8 Heavy-Duty natural gas truck on or after the launch date of Sept. 9, 2024. Prioritization will be given to fleets with fewer than 10 vehicles. Selected applicants will receive a fuel card worth $30,000 that can be used at SoCalGas public access stations, while cards last. "We appreciate the collaboration with SoCalGas and their commitment to supporting and growing the renewable natural gas market," said Mark Jamieson, business development director at Cummins Alternative Technologies. "We're grateful this program will encourage heavy-duty and line haul fleets to experience renewable natural gas with the new Cummins X15N and the emission reductions that it can deliver." SoCalGas is a leader among utilities in its sustainability goals and was among the first and largest natural gas distribution utilities in the United States to announce its aim to achieve net-zero GHG emissions by 2045. As part of its ASPIRE 2045 sustainability strategy, SoCalGas has converted 38% of its over-the-road fleet 1 to alternative fuel vehicles (AFV) with an aim to reach 50% by 2025 and operate a 100% zero-emissions fleet by 2035 2. SoCalGas was also recognized with the Leading Private Fleet Award at the Advanced Clean Transportation (ACT) Expo in 2022 acknowledging the company's efforts to go above and beyond what is required to achieve sustainability in fleet operations. The LCFS program was initially implemented in 2011 and is designed to encourage the use of cleaner low-carbon transportation fuels in California and the production of those fuels to reduce GHG emissions in the transportation sector. Learn more about SoCalGas' LCFS Fuel Card Incentive Program at socalgas.com/FuelCard. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC 1 Over-the-road fleet refers to light-, medium-, and/or heavy-duty company fleet vehicles. 2 Dependent on functional application and availability of vehicle products. SOURCE Southern California Gas Company

Sempra Declares Common and Preferred Dividends

SAN DIEGO, Sept. 4, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its board of directors has declared a $0.62 per share quarterly dividend on the company's common stock, which is payable Oct. 15, 2024, to common stock shareholders of record at the close of business on Sept. 26, 2024. Sempra's board of directors also declared a semi-annual dividend of $24.375 per share on the company's 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C, which is payable Oct. 15, 2024, to Series C preferred stock shareholders of record at the close of business on Oct. 1, 2024. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

Recognizing Women’s Equality Day today and every day

Sempra family of companies support Women's Equality Day, and women in leadership positions in energy sector, including Tashonda Taylor, Sara Mijares, and more.

Sempra Named to FTSE4Good Index Series for Sustainable Business Practices

SAN DIEGO, Aug. 15, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) continues to achieve recognition for its sustainable business practices, ranking on the prestigious FTSE4Good Index Series for the ninth consecutive year. The FTSE4Good Index Series recognized Sempra's strong performance across multiple categories including corporate governance, labor standards, community engagement and more. "At Sempra, we have earned a reputation as a leader in sustainable business practices and are pleased to be included in the FTSE index," said Karen Sedgwick, executive vice president and chief financial officer of Sempra. "Our focus on sustainability, together with our financial achievements, reflect our belief that responsible business operations are essential in generating lasting value for our shareholders and other stakeholders." Sustainable business practices are core to Sempra's mission to be North America's premier energy infrastructure company. Three focus areas drive our sustainability strategy: investing in safe and resilient operations, engaging people and communities, and innovating for the future. Sempra is strategically positioned to make disciplined investments in growing economic markets and connect consumers with increasingly modernized energy networks for safer, more reliable and cleaner energy delivery. Sempra's inclusion on the FTSE4Good Index adds to the company's growing list of distinctions for sustainable business practices, including Forbes "Best Employers for Diversity", CNBC and JUST Capital "JUST 100", Fortune "World's Most Admired Companies", The Wall Street Journal "Best-Managed Companies", Newsweek "Most Responsible Companies", and Sempra's inclusion in the Dow Jones Sustainability Index North America and Bloomberg Gender Equality Index. Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products. Learn more about how Sempra's sustainable business practices are helping modernize energy infrastructure, advance innovation and contribute to long-term economic health in Sempra's 2023 Corporate Sustainability Report – Ideas with Energy. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

SoCalGas Declares Preferred Dividends

LOS ANGELES, Aug. 8, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on October 15, 2024, to shareholders of record on September 10, 2024. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. SOURCE Southern California Gas Company

Sempra Reports Second-Quarter 2024 Earnings Results

Oncor reaches settlement in principle on ~$3B System Resiliency Plan SAN DIEGO, Aug. 6, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today reported second-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $713 million, or $1.12 per diluted share, compared to second-quarter 2023 GAAP earnings of $603 million, or $0.95 per diluted share. On an adjusted basis, the company's second-quarter 2024 earnings were $567 million, or $0.89 per diluted share, compared to $594 million, or $0.94 per diluted share in second-quarter 2023. "At Sempra, we are pleased with the strength of our financial performance through the first half of the year," said Jeffrey W. Martin, chairman and CEO of Sempra. "Our company is well-positioned for continued growth across each of our business platforms, which are benefitting from ongoing electrification, economic development, and demand for safe, reliable and cleaner energy." Sempra's GAAP earnings for the first six months of 2024 were $1.514 billion, or $2.38 per diluted share, compared with GAAP earnings of $1.572 billion, or $2.49 per diluted share, in the first six months of 2023. Adjusted earnings for the first six months of 2024 were $1.421 billion, or $2.24 per diluted share, compared to $1.516 billion, or $2.40 per diluted share, in the first six months of 2023. The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for the second quarter and first six months of 2024 and 2023. (Dollars and shares in millions, except EPS) Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 GAAP Earnings $ 713 $ 603 $ 1,514 $ 1,572 Equity losses from write-off of rate base disallowances resulting from Public Utility Commission of Texas' final order in Oncor Electric Delivery Company LLC's comprehensive base rate review — — — 44 Impact from foreign currency and inflation on monetary positions in Mexico (152) 93 (111) 202 Net unrealized losses (gains) on derivatives 6 (102) 18 (319) Net unrealized losses on contingent interest rate swap related to initial phase of the Port Arthur LNG liquefaction project — — — 17 Adjusted Earnings (1) $ 567 $ 594 $ 1,421 $ 1,516 Diluted Weighted-Average Common Shares Outstanding 636 632 636 632 GAAP EPS $ 1.12 $ 0.95 $ 2.38 $ 2.49 Adjusted EPS (1) $ 0.89 $ 0.94 $ 2.24 $ 2.40 (1) See Table A for information regarding non-GAAP financial measures. Sempra California The focus at the company's California utilities remains on connecting people to safe, reliable and cleaner energy through the expansion and modernization of energy networks. The California Public Utilities Commission continues to review the rate requests of Sempra California's utilities, which focus on delivering cleaner energy, safely and reliably, in alignment with California's public policy goals. The final decision is expected before year-end 2024 with rates retroactively effective to Jan. 1 of this year. In July, San Diego Gas & Electric Co. (SDGE) completed a new Wildfire and Climate Resilience Center, a state-of-the-art facility dedicated to enhancing the company's capabilities in wildfire and climate resilience. The center is one of the most technologically advanced of its kind in the industry and underscores SDGE's position as a leader in climate adaptation and resiliency. Under California's renewable gas procurement standard, known as Senate Bill 1440, the Southern California Gas Co. (SoCalGas) has filed for approval of three renewable natural gas contracts, pending commission review. In July, California celebrated a milestone in its journey to advance a hydrogen economy with the Department of Energy's Office of Clean Energy Demonstrations awarding its first tranche of hydrogen hub funding to the Alliance of Renewable Clean Hydrogen Energy Systems (ARCHES). The plan for the ARCHES hub includes new SoCalGas infrastructure as part of a network of clean, renewable hydrogen production and distribution with the ultimate goal of helping decarbonize hard-to electrify industries like heavy duty trucking, public transportation and port operations. Sempra Texas Yesterday, Oncor Electric Delivery Company LLC (Oncor) successfully reached a settlement in principle regarding the System Resiliency Plan (SRP) originally filed in May. The SRP as filed proposed nearly $3 billion of potential capital investments over a three-year period, and, subject to documentation and approval of the settlement by the Public Utility Commission of Texas, Oncor expects to begin implementing the SRP in the fourth quarter of this year with the related capital being incremental to Oncor's existing capital program. Broad expansion and load growth across the service territory of Oncor continues driving new investment opportunities. In addition to building new energy infrastructure to meet demand related to artificial intelligence and data centers, load growth is also coming from a wide range of industries across the state, including new and expanded commercial and industrial facilities, electrification of oil and gas operations, manufacturing and residential. At the end of second-quarter 2024, Oncor had 814 active generation and large commercial and industrial transmission point-of-interconnection requests in queue, representing a 13% increase as compared to the end of second-quarter 2023 and demonstrating the growing demand for new infrastructure in Oncor's service territory. Oncor placed into service 25 load-serving substation projects and 175 circuit miles of new or upgraded high-voltage transmission lines in second-quarter 2024, outpacing the 9 load-serving substations and 24 circuit miles placed into service in first-quarter 2024. Sempra Infrastructure Strong global demand for cleaner and more secure energy continues to support Sempra Infrastructure's development activities across its liquefied natural gas (LNG), energy networks and low carbon solutions business lines. Port Arthur LNG Phase 1 is under construction while the proposed Phase 2 expansion project is making steady progress. In June, Sempra Infrastructure and a subsidiary of Aramco signed a non-binding heads of agreement contemplating the purchase of 5 million tonnes per annum of LNG and a 25% equity investment in Phase 2, highlighting continued strong interest in the competitive positioning of the company's LNG development projects. Moreover, in July, Sempra Infrastructure took another positive step forward in support of Port Arthur LNG Phase 2 by entering into a fixed-price engineering, procurement and construction contract with Bechtel Energy. The referenced contract with Bechtel provides the opportunity for a continuous construction process from Phase 1 to Phase 2, contributing to the operational benefits and attractive economics of the brownfield expansion. Construction at Energía Costa Azul LNG Phase 1 is approximately 85% complete but in recent months has experienced labor and productivity challenges. Mechanical completion and first LNG are expected to occur in 2025, with timing of commercial operations under the sales and purchase agreements targeted for spring 2026. Earnings Guidance Sempra is updating its full-year 2024 GAAP earnings-per-common share (EPS) guidance range to $4.74 to $5.04 reflecting actual results through the second quarter, affirming its full-year 2024 adjusted EPS guidance range of $4.60 to $4.90 and affirming its full-year 2025 EPS guidance range of $4.90 to $5.25. The company is also affirming its projected long-term EPS growth rate of approximately 6% to 8%. Non-GAAP Financial Measures Non-GAAP financial measures include Sempra's adjusted earnings, adjusted EPS and adjusted EPS guidance range. See Table A for additional information regarding these non-GAAP financial measures. Internet Broadcast Sempra will broadcast a live discussion of its earnings results over the internet today at 12 p.m. ET with the company's senior management. Access is available by logging onto the Investors section of the company's website, sempra.com/investors. The webcast will be available on replay a few hours after its conclusion at sempra.com/investors. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. ### This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service, Public Utility Commission of Texas and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining third-party consents and approvals and (v) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration, property disputes and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and the energy industry in Mexico and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California, and (iii) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document. SEMPRA Table A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts; shares in thousands) Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 REVENUES Utilities: Natural gas $ 1,494 $ 1,660 $ 3,603 $ 6,072 Electric 1,144 1,054 2,200 2,081 Energy-related businesses 373 621 848 1,742 Total revenues 3,011 3,335 6,651 9,895 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (137) (311) (691) (2,994) Cost of electric fuel and purchased power (156) (88) (245) (202) Energy-related businesses cost of sales (54) (81) (163) (274) Operation and maintenance (1,333) (1,366) (2,545) (2,575) Depreciation and amortization (603) (549) (1,197) (1,088) Franchise fees and other taxes (156) (148) (340) (340) Other income, net 30 31 129 72 Interest income 17 17 30 41 Interest expense (311) (317) (616) (683) Income before income taxes and equity earnings 308 523 1,013 1,852 Income tax benefit (expense) 130 (175) (42) (551) Equity earnings 433 388 781 607 Net income 871 736 1,752 1,908 Earnings attributable to noncontrolling interests (146) (121) (215) (313) Preferred dividends (11) (11) (22) (22) Preferred dividends of subsidiary (1) (1) (1) (1) Earnings attributable to common shares $ 713 $ 603 $ 1,514 $ 1,572 Basic earnings per common share (EPS): Earnings $ 1.13 $ 0.96 $ 2.39 $ 2.50 Weighted-average common shares outstanding 633,450 630,014 633,135 629,926 Diluted EPS: Earnings $ 1.12 $ 0.95 $ 2.38 $ 2.49 Weighted-average common shares outstanding 636,279 632,121 635,817 632,185 SEMPRA Table A (Continued) RECONCILIATION OF SEMPRA ADJUSTED EARNINGS TO SEMPRA GAAP EARNINGS Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests (NCI)) in 2024 and 2023 as follows: Three months ended June 30, 2024: $152 million impact from foreign currency and inflation on our monetary positions in Mexico $(6) million net unrealized losses on commodity derivatives Three months ended June 30, 2023: $(93) million impact from foreign currency and inflation on our monetary positions in Mexico $102 million net unrealized gains on commodity derivatives Six months ended June 30, 2024: $111 million impact from foreign currency and inflation on our monetary positions in Mexico $(18) million net unrealized losses on commodity derivatives Six months ended June 30, 2023: $(44) million equity losses from investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings) related to a write-off of rate base disallowances resulting from the Public Utility Commission of Texas' (PUCT) final order in Oncor Electric Delivery Company LLC's (Oncor) comprehensive base rate review $(202) million impact from foreign currency and inflation on our monetary positions in Mexico $319 million net unrealized gains on commodity derivatives $(17) million net unrealized losses on a contingent interest rate swap related to the initial phase of the Port Arthur LNG liquefaction project (PA LNG Phase 1 project) Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation on our monetary positions in Mexico and net unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and 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 GAAP Earnings and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA Table A (Continued) RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS AND ADJUSTED EPS TO GAAP EPS (Dollars in millions, except per share amounts; shares in thousands) Pretax amount Income tax benefit (1) Non-controlling interests Earnings Diluted EPS Pretax amount Income tax expense (benefit) (1) Non-controlling interests Earnings Diluted EPS Three months ended June 30, 2024 Three months ended June 30, 2023 Sempra GAAP Earnings and GAAP EPS $ 713 $ 1.12 $ 603 $ 0.95 Excluded items: Impact from foreign currency and inflation on monetary positions in Mexico $ (37) $ (186) $ 71 (152) (0.24) $ 18 $ 117 $ (42) 93 0.15 Net unrealized losses (gains) on commodity derivatives 12 (2) (4) 6 0.01 (200) 41 57 (102) (0.16) Sempra Adjusted Earnings and Adjusted EPS $ 567 $ 0.89 $ 594 $ 0.94 Weighted-average common shares outstanding, diluted 636,279 632,121 Six months ended June 30, 2024 Six months ended June 30, 2023 Sempra GAAP Earnings and GAAP EPS $ 1,514 $ 2.38 $ 1,572 $ 2.49 Excluded items: Equity losses from write-off of rate base disallowances resulting from PUCT's final order in Oncor's comprehensive base rate review $ — $ — $ — — — $ — $ — $ — 44 0.07 Impact from foreign currency and inflation on monetary positions in Mexico (30) (133) 52 (111) (0.17) 43 252 (93) 202 0.32 Net unrealized losses (gains) on commodity derivatives 35 (5) (12) 18 0.03 (628) 126 183 (319) (0.51) Net unrealized losses on contingent interest rate swap related to PA LNG Phase 1 project — — — — — 33 (6) (10) 17 0.03 Sempra Adjusted Earnings and Adjusted EPS $ 1,421 $ 2.24 $ 1,516 $ 2.40 Weighted-average common shares outstanding, diluted 635,817 632,185 (1) Income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We record equity losses from our investment in Oncor Holdings net of income tax. SEMPRA Table A (Continued) RECONCILIATION OF SEMPRA 2024 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA 2024 GAAP EPS GUIDANCE RANGE Sempra 2024 Adjusted EPS Guidance Range of $4.60 to $4.90 excludes items (after the effects of income taxes and, if applicable, NCI) as follows: $111 million impact from foreign currency and inflation on our monetary positions in Mexico $(18) million net unrealized losses on commodity derivatives Sempra 2024 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes significant items that are generally not related to our ongoing business activities and/or infrequent in nature. This non-GAAP financial measure also excludes the impact from foreign currency and inflation on our monetary positions in Mexico and net unrealized gains and losses on commodity derivatives for the six months ended June 30, 2024, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2024 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2024 GAAP EPS Guidance Range. 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 Sempra 2024 Adjusted EPS Guidance Range to Sempra 2024 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE Full-Year 2024 Sempra GAAP EPS Guidance Range $ 4.74 to $ 5.04 Excluded items: Impact from foreign currency and inflation on monetary positions in Mexico (0.17) (0.17) Net unrealized losses on commodity derivatives 0.03 0.03 Sempra Adjusted EPS Guidance Range $ 4.60 to $ 4.90 Weighted-average common shares outstanding, diluted (millions) 637 SEMPRA Table B CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) June 30, 2024 December 31, 2023 (1) ASSETS Current assets: Cash and cash equivalents $ 228 $ 236 Restricted cash 16 49 Accounts receivable – trade, net 1,552 2,151 Accounts receivable – other, net 441 561 Due from unconsolidated affiliates 7 31 Income taxes receivable 95 94 Inventories 467 482 Prepaid expenses 173 273 Regulatory assets 55 226 Fixed-price contracts and other derivatives 129 122 Greenhouse gas allowances 1,176 1,189 Other current assets 39 56 Total current assets 4,378 5,470 Other assets: Restricted cash 107 104 Regulatory assets 4,011 3,771 Greenhouse gas allowances 769 301 Nuclear decommissioning trusts 882 872 Dedicated assets in support of certain benefit plans 547 549 Deferred income taxes 134 129 Right-of-use assets – operating leases 711 723 Investment in Oncor Holdings 14,809 14,266 Other investments 2,405 2,244 Goodwill 1,602 1,602 Other intangible assets 305 318 Wildfire fund 272 269 Other long-term assets 1,857 1,603 Total other assets 28,411 26,751 Property, plant and equipment, net 57,684 54,960 Total assets $ 90,473 $ 87,181 (1) Derived from audited financial statements. SEMPRA Table B (Continued) CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) June 30, 2024 December 31, 2023 (1) LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 2,197 $ 2,342 Accounts payable – trade 1,753 2,211 Accounts payable – other 257 224 Due to unconsolidated affiliates 3 5 Dividends and interest payable 738 691 Accrued compensation and benefits 378 526 Regulatory liabilities 125 553 Current portion of long-term debt and finance leases 1,711 975 Greenhouse gas obligations 1,176 1,189 Other current liabilities 1,202 1,374 Total current liabilities 9,540 10,090 Long-term debt and finance leases 28,966 27,759 Deferred credits and other liabilities: Due to unconsolidated affiliates 302 307 Regulatory liabilities 3,959 3,739 Greenhouse gas obligations 334 — Pension and other postretirement benefit plan obligations, net of plan assets 405 407 Deferred income taxes 5,486 5,254 Asset retirement obligations 3,689 3,642 Deferred credits and other 2,373 2,329 Total deferred credits and other liabilities 16,548 15,678 Equity: Sempra shareholders' equity 29,479 28,675 Preferred stock of subsidiary 20 20 Other noncontrolling interests 5,920 4,959 Total equity 35,419 33,654 Total liabilities and equity $ 90,473 $ 87,181 (1) Derived from audited financial statements. SEMPRA Table C CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in millions) Six months ended June 30, 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 1,752 $ 1,908 Adjustments to reconcile net income to net cash provided by operating activities 540 467 Net change in working capital components (99) 1,474 Distributions from investments 405 402 Changes in other noncurrent assets and liabilities, net (78) (514) Net cash provided by operating activities 2,520 3,737 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (3,830) (4,282) Expenditures for investments (387) (184) Purchases of nuclear decommissioning and other trust assets (401) (322) Proceeds from sales of nuclear decommissioning and other trust assets 442 356 Other 8 11 Net cash used in investing activities (4,168) (4,421) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (741) (734) Preferred dividends paid (22) (22) Issuances of common stock 18 — Repurchases of common stock (40) (31) Issuances of debt (maturities greater than 90 days) 3,812 5,614 Payments on debt (maturities greater than 90 days) and finance leases (1,197) (3,392) Decrease in short-term debt, net (817) (388) Advances from unconsolidated affiliates 45 14 Proceeds from sale of noncontrolling interests — 265 Distributions to noncontrolling interests (203) (252) Contributions from noncontrolling interests 786 543 Settlement of cross-currency swaps — (99) Other (23) (61) Net cash provided by financing activities 1,618 1,457 Effect of exchange rate changes on cash, cash equivalents and restricted cash (8) 7 (Decrease) increase in cash, cash equivalents and restricted cash (38) 780 Cash, cash equivalents and restricted cash, January 1 389 462 Cash, cash equivalents and restricted cash, June 30 $ 351 $ 1,242 SEMPRA Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES AND INVESTMENTS (Dollars in millions) Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Earnings (Losses) Attributable to Common Shares Sempra California $ 316 $ 339 $ 898 $ 957 Sempra Texas Utilities 202 160 385 243 Sempra Infrastructure 291 208 422 523 Parent and other (96) (104) (191) (151) Total $ 713 $ 603 $ 1,514 $ 1,572 Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Capital Expenditures and Investments Sempra California $ 1,069 $ 1,118 $ 2,212 $ 2,200 Sempra Texas Utilities 192 93 385 178 Sempra Infrastructure 829 1,340 1,619 2,084 Parent and other 1 — 1 4 Total $ 2,091 $ 2,551 $ 4,217 $ 4,466 SEMPRA Table E OTHER OPERATING STATISTICS Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 UTILITIES Sempra California Gas sales (Bcf) (1) 78 80 200 225 Transportation (Bcf) (1) 120 124 262 273 Total deliveries (Bcf) (1) 198 204 462 498 Total gas customer meters (thousands) 7,098 7,056 Electric sales (millions of kWhs) (1) 661 974 1,596 2,570 Community Choice Aggregation and Direct Access (millions of kWhs) 2,892 2,797 6,061 5,529 Total deliveries (millions of kWhs) (1) 3,553 3,771 7,657 8,099 Total electric customer meters (thousands) 1,525 1,511 Oncor (2) Total deliveries (millions of kWhs) 40,343 38,056 77,656 72,835 Total electric customer meters (thousands) 4,008 3,933 Ecogas México, S. de R.L. de C.V. Natural gas sales (Bcf) 1 1 2 2 Natural gas customer meters (thousands) 160 154 ENERGY-RELATED BUSINESSES Sempra Infrastructure Termoeléctrica de Mexicali (millions of kWhs) 650 348 1,630 917 Wind and solar (millions of kWhs) (1) 888 886 1,607 1,698 (1) Includes intercompany sales. (2) Includes 100% of the electric deliveries and customer meters of Oncor, in which we hold an indirect 80.25% interest through our investment in Oncor Holdings. SEMPRA Table F STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Three months ended June 30, 2024 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 2,625 $ — $ 409 $ (23) $ 3,011 Cost of sales and other expenses (1,568) (2) (270) 4 (1,836) Depreciation and amortization (528) — (73) (2) (603) Other income (expense), net 36 — 2 (8) 30 Income (loss) before interest and tax (1) 565 (2) 68 (29) 602 Net interest (expense) income (204) — 7 (97) (294) Income tax (expense) benefit (44) — 133 41 130 Equity earnings — 204 229 — 433 Earnings attributable to noncontrolling interests — — (146) — (146) Preferred dividends (1) — — (11) (12) Earnings (losses) attributable to common shares $ 316 $ 202 $ 291 $ (96) $ 713 Three months ended June 30, 2023 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 2,700 $ — $ 660 $ (25) $ 3,335 Cost of sales and other expenses (1,735) (2) (270) 13 (1,994) Depreciation and amortization (476) — (70) (3) (549) Other income, net 23 — 3 5 31 Income (loss) before interest and tax (1) 512 (2) 323 (10) 823 Net interest expense (189) — (19) (92) (300) Income tax benefit (expense) 17 — (201) 9 (175) Equity earnings — 162 226 — 388 Earnings attributable to noncontrolling interests — — (121) — (121) Preferred dividends (1) — — (11) (12) Earnings (losses) attributable to common shares $ 339 $ 160 $ 208 $ (104) $ 603 (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. SEMPRA Table F (Continued) STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Six months ended June 30, 2024 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 5,766 $ — $ 928 $ (43) $ 6,651 Cost of sales and other expenses (3,401) (4) (580) 1 (3,984) Depreciation and amortization (1,049) — (145) (3) (1,197) Other income, net 116 — 6 7 129 Income (loss) before interest and tax (1) 1,432 (4) 209 (38) 1,599 Net interest (expense) income (406) — 12 (192) (586) Income tax (expense) benefit (127) — 24 61 (42) Equity earnings — 389 392 — 781 Earnings attributable to noncontrolling interests — — (215) — (215) Preferred dividends (1) — — (22) (23) Earnings (losses) attributable to common shares $ 898 $ 385 $ 422 $ (191) $ 1,514 Six months ended June 30, 2023 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 8,115 $ — $ 1,856 $ (76) $ 9,895 Cost of sales and other expenses (5,801) (3) (625) 44 (6,385) Depreciation and amortization (944) — (139) (5) (1,088) Other income, net 43 — 13 16 72 Income (loss) before interest and tax (1) 1,413 (3) 1,105 (21) 2,494 Net interest expense (371) — (99) (172) (642) Income tax (expense) benefit (84) — (531) 64 (551) Equity earnings — 246 361 — 607 Earnings attributable to noncontrolling interests — — (313) — (313) Preferred dividends (1) — — (22) (23) Earnings (losses) attributable to common shares $ 957 $ 243 $ 523 $ (151) $ 1,572 (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. SOURCE Sempra

SoCalGas Scholarship Program Awards Over $300,000 to College- and Trade School-Bound Students

LOS ANGELES, July 24, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today that 29 students in Central and Southern California will receive a total of $314,000 from the SoCalGas Scholarship Program to pursue higher education at four-year universities, community colleges, and trade schools. For those attending four-year universities, the $5,000 scholarship can be renewed, providing a total of $20,000 over four years. Students planning to attend community colleges and trade schools will receive $1,000 each toward eligible programs. Additionally, 28 scholarship recipients from 2022 and 2023 will see their $5,000 scholarships renewed. "For over 20 years, SoCalGas has been dedicated to empowering students by providing scholarships that enhance their access to higher education, support their journey to becoming future professionals, and contribute to a diverse pipeline of talent," said Andy Carrasco, vice president of communications, local government, and community affairs for SoCalGas. Since the program's inception in 2001, SoCalGas has awarded over $3.9 million in scholarships to 2,355 students. The SoCalGas Scholarship Program evaluates students based on their academic achievements, community involvement, financial need, and personal statements discussing sustainable energy in California. In collaboration with Scholarship America®, the program is designed to provide direct financial assistance to students in the fields of science, technology, engineering, math, finance, accounting, business administration, plumbing, electrical, HVAC, or welding across central and southern California. "I am honored to have been selected for this prestigious and generous scholarship opportunity from SoCalGas," said Jacqueline Rivas, a graduate from Garfield High School in East Los Angeles. "In the fall, I will attend UCLA, where I will study environmental science and biology. Thank you so much to SoCalGas for granting me this scholarship which will help me through this next chapter of my life and will guide me in the direction towards my dreams! Words cannot express my deepest gratitude and appreciation for this opportunity so I will treasure it with all my heart and will work hard to accomplish my goals for the future with the foundation that SoCalGas set for me!" In June, SoCalGas brought this year's scholarship recipients together for a virtual recognition event where the students learned about SoCalGas' mission, internships, and entry level positions. The students also had the opportunity to network with employees that currently work in their planned field of study. Under the ASPIRE 2045 Sustainability Strategy, SoCalGas plans to invest $50 million over five years into communities the company serves, working to advance racial and gender diversity in the workplace and taking tangible steps towards a carbon neutral future. By providing resources for higher education and career development, SoCalGas aspires to empower communities and help prepare young leaders for success. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.  In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.  Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitrations and other proceedings, and changes to laws and regulations, including those related to tax and trade policy; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate and sustainability policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.  These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website,  www.sec.gov, and on Sempra's website,  www.sempra.com. Investors should not rely unduly on any forward-looking statements.  Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.  SOURCE Southern California Gas Company

Sempra to Report Second-Quarter 2024 Earnings August 6

SAN DIEGO, July 22, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its second-quarter 2024 earnings by 8 a.m. ET on Tuesday, August 6. Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer, and other senior leaders from across the company will host a conference call at 12 p.m. ET on Tuesday, August 6. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation detailing the earnings results will be published to Sempra's Investors site by 8 a.m. ET on Tuesday, August 6. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion. About Sempra Sempra (NYSE: SRE ) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California , Texas , Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra . SOURCE Sempra

SoCalGas and EVOLOH Research Project Helps Make Hydrogen and Electrolyzer Production More Affordable

LOS ANGELES and SANTA CLARA, Calif., July 3, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and EVOLOH Inc., an anion exchange membrane (AEM) electrolyzer technology developer, have completed a joint research project that resulted in enhancements to the current electrolyzer manufacturing process and technology. Overall, the enhancements achieved in the project could reduce the capital costs of the electrolyzer technology by approximately 25% and could help make the cost of clean renewable hydrogen more affordable. EVOLOH's AEM is made with readily available materials and utilizes a roll-to-roll manufacturing process. This enables a shorter and more reliable supply chain as well as a lower-cost, rapid production process for electrolyzer stack development. The project was able to achieve a 15% increase in hydrogen production efficiency to EVOLOH's Nautilus™ series electrolyzer stack, the core component of an electrolyzer that splits water into hydrogen and oxygen. The increased efficiency also helps extend the equipment lifetime of the stacks compared to traditional techniques. "Meeting the growing demand for clean renewable hydrogen production will require an extraordinary expansion of the current electrolyzer market," said Jawaad Malik, chief strategy and sustainability officer at SoCalGas. "Innovative projects like this can help significantly reduce electrolyzer system costs and production time and enable clean renewable hydrogen production to become more cost competitive with traditional energy sources." SoCalGas' Research, Development, and Demonstration (RD&D) Program helped fund the project and provided technical assistance with EVOLOH's development of high-speed coating methods for AEM electrolyzers. The electrolyzer stacks are designed to be compact, modular and are capable of being scaled up to 24 megawatts each, which makes them well-suited for large-scale industrial applications. "Currently, electrolyzer manufacturing and hydrogen production is expensive. Electrolyzers can be difficult to make, transport and install, and certain current technologies require problematic supply chains," said Dr. Jimmy Rojas, EVOLOH's chief executive officer. "When our technology is produced using renewable energy, hydrogen becomes a versatile, flexible and carbon-free energy platform that opens up new pathways for tackling some of the thorniest climate problems—like heavy transport, steelmaking, fertilizer production and long duration storage." The technology will soon be scaled up at EVOLOH's new manufacturing Center of Excellence in Lowell, Massachusetts with a goal of producing 3.75GW per year by 2025 in electrolyzer stacks and up to 15GW in 2027. EVOLOH will also begin MW-scale testing at its new headquarters in Santa Clara, California later this year. SoCalGas' RD&D Program plays a key role in developing and demonstrating innovative products and technologies that can promote decarbonization across the natural gas value chain and a diversified portfolio of cleaner energy sources. Learn more about how SoCalGas is working to help shape California's 21 st century energy system at socalgas.com/rdd. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. About EVOLOH Founded in 2020, EVOLOH Inc., is revolutionizing the manufacturing of water electrolyzers to make low-cost clean hydrogen production possible at gigawatt scale anywhere in the world. Nautilus™ stacks, the company's patented electrolyzers, leverage advanced liquid alkaline technology to minimize costs and technical risks, while also maximizing manufacturing productivity, durability and efficiency. EVOLOH is backed by Engine Ventures, NextEra Energy Resources, 3M Ventures, and supported by Breakthrough Energy Fellows and others. For more information, visit https://evoloh.com/ This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitrations and other proceedings, and changes to laws and regulations, including those related to tax and trade policy; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate and sustainability policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website,  www.sec.gov, and on Sempra's website,  www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Co.

Sempra’s sustainable business practices: Investing in safe and resilient operations

Safety-focus guides Sempra energy networks strategy, serving millions in California and Texas. $630M invested in infrastructure.

Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2

DHAHRAN, Saudi Arabia, June 26, 2024 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, and Sempra (NYSE: SRE) (BMV: SRE), one of North America's leading energy infrastructure companies, today announce that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for liquefied natural gas (LNG) offtake of 5.0 million tonnes per annum (Mtpa) from the Port Arthur LNG Phase 2 expansion project. The HoA further contemplates Aramco's 25% participation in the project-level equity of Phase 2. The parties expect to execute a binding LNG SPA and definitive equity agreements with terms substantially equivalent to those in the HoA, with the SPA and equity agreements subject to a number of conditions. Nasir K. Al-Naimi , Aramco Upstream President, said: "We are excited to take this next step into the LNG sector. As a potential strategic partner in the Port Arthur LNG Phase 2 project, Aramco is well placed to grow its gas portfolio with the aim of meeting the world's growing need for lower-carbon sources of energy. This agreement is a major step in Aramco's strategy to become a leading global LNG player." Jeffrey W. Martin , Sempra Chairman and CEO, said: "The planned expansion of Port Arthur LNG would help facilitate the broad distribution of U.S. natural gas across global energy markets. By expanding the global reach of the Port Arthur LNG facility, we have the opportunity to improve energy security, while providing a lower-carbon alternative to coal for electricity production." Port Arthur LNG is a natural gas liquefaction and export terminal in Southeast Texas with direct access to the Gulf of Mexico. The Port Arthur LNG Phase 1 project is currently under construction and consists of trains 1 and 2, as well as two LNG storage tanks and associated facilities. The Port Arthur LNG Phase 2 project is a competitively positioned expansion of the site to include the addition of up to two trains capable of producing up to 13 Mtpa. At the heart of Sempra Infrastructure's flagship Port Arthur Energy Hub, Port Arthur LNG has potential to expand to a total of eight trains, which would position it as one of the world's most significant LNG export facilities. The facility is expected to play an important role in enhancing global energy security and resilience. Moreover, Sempra Infrastructure is actively advancing infrastructure projects within the Port Arthur Energy Hub, addressing both the rising demand for lower-carbon fuels and carbon intensity reduction. This includes the proposed Titan Carbon Sequestration project. About Aramco As one of the world's leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world. www.aramco.com About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. Aramco Forward-Looking Information The press release contains forward-looking statements. All statements other than statements relating to historical or current facts included in the press release are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its capital expenditures and investments, major projects, upstream and downstream performance, including relative to peers. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "can have," "likely," "should," "could," and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance, or achievements expressed or implied by such forward-looking statements, including the following factors: global supply, demand and price fluctuations of oil, gas and petrochemicals; global economic conditions; competition in the industries in which Saudi Aramco operates; climate change concerns, weather conditions and related impacts on the global demand for hydrocarbons and hydrocarbon-based products; risks related to Saudi Aramco's ability to successfully meet its ESG targets, including its failure to fully meet its GHG emissions reduction targets by 2050; conditions affecting the transportation of products; operational risk and hazards common in the oil and gas, refining and petrochemicals industries; the cyclical nature of the oil and gas, refining and petrochemicals industries; political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; natural disasters and public health pandemics or epidemics; the management of Saudi Aramco's growth; the management of the Company's subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; Saudi Aramco's exposure to inflation, interest rate risk and foreign exchange risk; risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which Saudi Aramco operates; legal proceedings, international trade matters, and other disputes or agreements; and other risks and uncertainties that could cause actual results to differ from the forward-looking statements in this press release, as set forth in the Company's latest periodic reports filed with the Saudi Stock Exchange. For additional information on the potential risks and uncertainties that could cause actual results to differ from the results predicted please see the Company's latest periodic reports filed with the Saudi Stock Exchange. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future. The information contained in the press release, including but not limited to forward-looking statements, applies only as of the date of this press release and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the press release, including any financial data or forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law or regulation. No person should construe the press release as financial, tax or investment advice. Undue reliance should not be placed on the forward-looking statements. Sempra Forward-Looking Information This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining third-party consents and approvals, and (v) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to tax and trade policy and the energy industry in Mexico; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California, and (iii) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to relevant emerging and early-stage technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra

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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).