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Displaying results 706 - 720 of 1206
Sempra Energy Completes $2.23 Billion Divestiture Of Chilean Businesses
SAN DIEGO, June 24, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has completed the sale of its Chilean businesses, generating approximately $2.23 billion in total cash proceeds, subject to post-closing adjustments. The sale to State Grid International Development Limited (SGID) includes Sempra Energy's 100% stake in Chilquinta Energía S.A. (Chilquinta Energía). "Today's announcement completes the divestiture of all of Sempra Energy's South American assets – an important step in narrowing our strategic focus to the most attractive markets in North America," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "This sale furthers our mission to be North America's premier energy infrastructure company. I commend all parties involved in getting this deal completed and want to thank the hardworking employees of Chilquinta Energía for their dedication to powering Chile's homes, businesses, medical facilities and more." The sale also includes a 100% interest in Tecnored S.A., which provides electric construction and infrastructure services to Chilquinta Energía and third parties, and a 50% interest in Eletrans S.A., which owns, constructs, operates and maintains power transmission facilities. The completion of the Chilean transactions concludes Sempra Energy's sales of its South American businesses, resulting in approximately $5.82 billion in combined total cash proceeds, subject to post-closing adjustments. Proceeds from the sales will be used to further strengthen the company's balance sheet and liquidity position. In April, Sempra Energy announced the completion of the sale of its Peruvian businesses, including its 83.6% interest in Luz del Sur S.A.A., to an affiliate of China Yangtze Power International (Hongkong) Co., Limited, generating approximately $3.59 billion in total cash proceeds, subject to post-closing adjustments. About Chilquinta Energía Chilquinta Energía is the third-largest distributor of electricity in Chile. Chilquinta Energía provides electricity to a population of approximately 2 million in the regions of Valparaíso and Maule in central Chile and is active in the development and operation of electric transmission lines. About State Grid International Development Limited SGID, a wholly owned subsidiary of State Grid Corporation of China (SGCC), is incorporated in Hong Kong as a limited liability company. It leverages SGCC's operational strengths and financial support to actively pursue investment opportunities worldwide and improve the operating efficiency of its portfolio of companies. SGID currently has investments in the Philippines, Brazil, Portugal, Australia, Hong Kong SAR, Italy, Greece, and Oman. SGCC, headquartered in Beijing, is the world's largest power utility corporation, and has extensive experience in constructing and operating electricity transmission and distribution networks. The company's power grid network covers 26 provinces in China, accounting for more than 88% of China's territory, and serves a population of over 1.1 billion. The company ranked fifth in 2019 Fortune Global 500. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility and unprecedented decline of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the 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 the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Key Executive Appointments Announced At Sempra Energy And California Utilities
SAN DIEGO, June 23, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced key executive appointments at its California utility infrastructure companies as part of its ongoing commitment to leadership development and succession planning. Kevin C. Sagara has been named group president of Sempra Energy, overseeing the company's California utilities, San Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co. (SoCalGas). Caroline A. Winn, chief operating officer of SDG&E, has been named CEO of SDG&E. Scott D. Drury, president of SDG&E, has been named CEO of SoCalGas. "At Sempra Energy, we re-focused our strategy in 2018 on building North America's premier energy infrastructure company. Central to that mission is a commitment to also lead our industry in safety and sustainable business practices," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Our company's long-standing focus on developing leaders of character includes recognizing and promoting leaders who are committed to furthering our safety culture and leading the energy transition through innovation and technology." Sagara currently serves as chairman and CEO of SDG&E and is credited with raising the company's standing as a national leader in wildfire safety and clean energy. Previously, he served as president of Sempra Renewables, leading that business to become one of the largest renewable energy companies in the U.S. Sagara's leadership at the national level includes his service as a director of the Edison Electric Institute. Winn has served as chief operating officer at SDG&E since 2017 and is responsible for SDGE's industry leadership in sustainability, technology and innovation, including the company's significant advances in safety and wildfire mitigation. She previously served as SDG&E's chief energy delivery officer, vice president of customer services and has held other operational leadership positions. She first joined the company in 1986 as an associate engineer. Winn also serves as the chair of the San Diego Regional Chamber of Commerce. Under Drury's leadership as president of SDG&E since 2017, the utility strengthened the safety and reliability of the energy grid and provided customers with increasingly cleaner energy choices while maintaining affordability and expanding electric vehicle charging infrastructure in the region. Previously, he served as SDG&E's chief energy supply officer and vice president of human resources, diversity and inclusion. He has been with the Sempra Energy family of companies since 1986. Bret Lane, currently CEO of SoCalGas, is retiring after 38 years of distinguished service for the company. The CEO appointments are effective Aug. 1, 2020. Sagara's appointment as group president of Sempra Energy is effective June 27, 2020. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility and unprecedented decline of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the 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 the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas, PG&E and Opus 12 Announce Advancements in Technology that Converts Carbon Dioxide to Renewable Natural Gas
LOS ANGELES, June 22, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), Pacific Gas and Electric Company (PG&E), and Opus 12 today announced they have demonstrated further advancement of a new electrochemical technology that converts the carbon dioxide content in raw biogas to pipeline-quality renewable natural gas, a critical improvement in the science of upgrading waste emissions to renewable gas. The single-step process is designed to use renewable electricity, and thus also provides a way for long-term storage of excess wind and solar power. The twelve-month research and development effort was funded by SoCalGas and PG&E and builds on the success of an initial feasibility study in 2018. Raw biogas is produced from the anaerobic breakdown of waste from sources like landfills, sewage, and dairy farms. It contains roughly 60 percent methane (the main component of natural gas), and 40 percent carbon dioxide. While current biogas upgrading technology removes the carbon dioxide from biogas, this new technology captures the carbon dioxide and converts it into additional renewable fuel. The new demonstration shows that improved catalyst activity could speed reactions by five times and nearly double conversion efficiency, making the technology commercially competitive with other new biogas upgrading methods. The core technology was scaled up and tested using commercially available electrolyzer hardware. The next step will be to test this technology for longer periods at an existing biogas facility. "This cutting-edge method of using renewable electricity to convert carbon dioxide in biogas to renewable natural gas in a single-step process is significant to SoCalGas," said Yuri Freedman, SoCalGas' senior director of business development. "As we work to meet California's ambitious climate goals, emissions-reducing innovations like these will help us protect the environment by providing a reliable carbon-neutral fuel." "PG&E is deeply committed to meeting California's bold vision for a sustainable energy future in a reliable and cost-effective manner for customers. We continue to work toward advancing innovation that provides new possibilities in our quest to reduce greenhouse gas emissions and find alternative sources of carbon-neutral fuel. We are very proud to be part of this collaboration with Opus 12 and SoCalGas," said PG&E's Manager of Innovation and Research and Development, Francois Rongere. "We achieved significant advances in reaction rate and demonstrated the scalability of our approach by moving from lab scale to commercial-grade components," said Dr. Etosha Cave, Opus 12 co-founder and chief science officer. "We look forward to continuing to work with our partners at SoCalGas and PG&E toward a field demonstration of this technology." "Our vision for deploying this technology in California is to recycle CO 2 emissions from industry and agriculture before they reach the air, and create valuable products such as renewable natural gas and feedstocks for everyday materials, chemicals, and even liquid fuels. They are compatible with existing infrastructure, and when produced with renewable electricity, these products will have significantly lower lifecycle emissions than conventional products." Opus 12, a clean-energy startup with its origins at Stanford University and the prestigious Cyclotron Road program at Lawrence Berkeley National Lab, has created a new proprietary Polymer Electrolyte Membrane (PEM) electrolyzer that uses electricity to convert water and carbon dioxide into renewable natural gas in one step. The technology differs from those that use microorganisms. The research is part of SoCalGas' and PG&E's respective development of cutting-edge technologies for storing excess renewable energy. Because gases can be easily stored for long periods of time using existing infrastructure, these technologies have distinct advantages over storing renewable electricity in batteries. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About PG&E Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit www.pge.com and www.pge.com/news. About Opus 12 Opus 12, headquartered in Berkeley, CA, has developed a device that recycles CO 2 into cost-competitive chemicals and fuels. The company's technology bolts onto any source of CO 2 emissions, and with only water and electricity as inputs, transforms that CO 2 into some of the world's most critical chemical and energy products. Founded at Stanford in 2016, Opus 12 launched during the prestigious Cyclotron Road fellowship program at Lawrence Berkeley National Lab. The company's founders were featured in Rolling Stone's 25 People Shaping the Next 50 Years, Forbes 30 Under 30 in Energy, MIT Technology Review's TR35 Innovators, and the New York Times' Climate Visionaries, and the company was recently featured in Bill Gates's 2019 Netflix documentary, Inside Bill's Brain. For more information visit opus-12.com and follow Opus 12 on Twitter ( @Opus12CO2). SOURCE Southern California Gas Company
SoCalGas Donates $25,000 to Homeboy Industries' Feed HOPE Program to Provide Meals to East Los Angeles Families Affected by COVID-19
LOS ANGELES, June 19, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), Homeboy Industries, and Alma Family Services today hosted a drive-thru meal distribution event to benefit East Los Angeles families affected by the COVID-19 pandemic. The event was made possible in part thanks to a $25,000 donation from SoCalGas to Homeboy Industries' Feed HOPE program, which provides meals to Angelenos facing food insecurity due to the pandemic. More than 5,000 meals were distributed to 1,000 families through Alma Family Services' coordination of a collaborative event with other local community organizations. Please see here for photos from the event. "The COVID-19 pandemic has been met with heartrending and widespread hunger among hardworking families in East Los Angeles," said Los Angeles County Supervisor Hilda L. Solis. "I am working with Alma Family Services and SoCalGas to make sure that families don't go hungry. I am committed to fighting hunger, and I want people to know that if you need sustenance, we are here for you." "As we navigate through this pandemic, it is important that we come together to help the most vulnerable members of our communities," said Trisha Muse, director of community relations at SoCalGas. "At SoCalGas we are proud to support this event by not only feeding our community, with the help of Alma Family Services, but by also helping Homeboy Industries provide meaningful work for their café and bakery employees." Since 1992, Homeboy Industries has helped former gang members and inmates have an opportunity to acquire job skills and seek employment in a safe, supportive environment. In the wake of the COVID-19 pandemic, the organization launched the Feed HOPE program to give back to the community while bringing in funds to keep their employees working and their businesses running. Homeboy Industries has been partnering with businesses and organizations from the nonprofit and public sectors to create and deliver prepackaged, healthy meals to those suffering food insecurity in Los Angeles through this program. The meals provided at today's event were made by men and women who have completed Homeboy Industries' 18-month program and are currently part of their Feed HOPE initiative. SoCalGas' donation to the program, will help the organization hire and train employees for their Homegirl Café and Homeboy Bakery. "We are grateful for the partnership with SoCalGas, the Office of Los Angeles County Supervisor Hilda Solis and Alma Family Services, in support of our Feed HOPE project," said Thomas Vozzo, CEO of Homeboy Industries. "The collaboration highlights the commitment and dedication to ensuring services and care are provided to the Los Angeles communities we serve. This work is more important than ever, especially because of the social and economic effects of COVID-19. Ongoing, critical services to address such things as food scarcity is an important focus for so many of us who are—at this moment—working with those on the margins." Since 1975, Alma Family Services has provided a wide range of supportive services in Los Angeles County. Alma Family Services, which is dedicated to advancing the quality of life of families and individuals coping with a range of needs, has mobilized resources to help those most impacted by the pandemic. In partnership with Supervisor Hilda Solis and other elected officials as well as systems of care, Alma Family Services is helping families cope with the impact this crisis is having on all life domains, including food security, which can also trigger significant emotional angst for families who are already experiencing multiple stresses. "The COVID-19 pandemic has exacerbated social and economic inequities, hitting those most vulnerable among us extremely hard," said Diego Rodrigues, executive vice president and chief operating officer at Alma Family Services. "Alma is pleased to have the opportunity to provide resources to our community members through innovative partnerships with local organizations. We are grateful for LA County Supervisor Hilda Solis' leadership and SoCalGas' generosity which helped feed 1,000 families in the East Los Angeles Area. Alma is proud to serve alongside those investing in our most impacted communities during these unprecedented times." SoCalGas employees also volunteered at the event, distributing meals and sharing information on customer assistance programs. The utility also donated four pieces of commercial cooking equipment to Homeboy Industries to help support their operations, in addition to this $25,000 donation. To date, SoCalGas has donated more than $2 million to nonprofit organizations to support the region's workforce, feed the hungry, provide bill assistance to customers, and more as part of its COVID-19 recovery efforts. For more information on SoCalGas' response to the COVID-19 pandemic, please visit www.socalgas.com/coronavirus. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America , delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About Homeboy Industries Homeboy Industries is the largest and preeminent gang rehabilitation and re-entry program in the world. For 32 years, the organization has offered an "exit ramp" for those stuck in a cycle of violence and incarceration, helping them develop the strength and skills to transform their lives and become contributing members of our community. The organization's holistic approach, with free services and programs, supports nearly 9000 men and women per year as they work to overcome their pasts, reimagine their futures, and break the intergenerational cycle of gang violence. Therapeutic and educational offerings (case management, counseling, and classes), practical services (e.g., tattoo removal, work readiness, and legal assistance), and job training-focused businesses (e.g., Homeboy Bakery, Homegirl Café & Catering, and Homeboy Electronics Recycling) provide healing and alternatives to gang life, while creating more inclusive and healthier communities. About Alma Family Services - Providing Quality Services to Families for Forty Five Years Alma Family Services was established in 1975 in East Los Angeles by parents to provide, along with other purposes, a comprehensive range of multilingual community-based services for families including those with special needs. Since its inception, Alma has a "whatever it takes" tradition of multilingual, culturally competent services to meet client's needs in their homes and residential facilities, schools, social and vocational programs, juvenile facilities, and other settings as appropriate. Alma has expanded services to additional communities through 16 service locations in the County of Los Angeles and one (1) service location in the Jurupa Area of Riverside County. Alma also provides mental health services which are functionally integrated within community health facilities and domestic violence programs in the greater East Los Angeles and San Gabriel communities including The Wellness Center at the Historic General Hospital Center in Boyle Heights. SOURCE Southern California Gas Company
SoCalGas and the Latino Restaurant Association Partner to Feed Healthcare Workers in Riverside and San Bernardino County
LOS ANGELES, June 18, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and the Latino Restaurant Association (LRA) today hosted an event to feed one thousand healthcare workers from Riverside Community Hospital. Members from the Front Line Appreciation Group (FLAG) also supported the event, distributing meals provided by local Latino-owned restaurants. The event was made possible thanks to grants from SoCalGas to LRA's Feed Frontliners Program, which provides support to healthcare workers. SoCalGas and LRA also fed 500 healthcare workers from Arrowhead Regional Medical Center in Colton earlier this week. Please see here for photos from the event. "So grateful to SoCalGas for serving our health care workers on the front lines of the battles against COVID-19," said Riverside Mayor Rusty Bailey. "While it may seem that lunch is a small thing, the gesture and some tasty food go a long way to motivate and inspire others." "These are unprecedented times for our community and as we work to reduce the impact of this pandemic, we thank SoCalGas and LRA for their generosity," said Jackie DeSouza-Van Blaricum, president and CEO at Riverside Community Hospital. "Today's event truly captured the community's gratitude towards our healthcare workers who have been working on the frontlines of this pandemic." "Arrowhead Regional Medical Center Foundation truly appreciates SoCalGas and LRA bringing the Feed Frontliners program to San Bernardino," said David Glick, executive director at the Arrowhead Regional Medical Center Foundation. "This is another great example of how our communities are stepping up in incredible ways to support the brave women and men on the front lines of this pandemic." "We're proud to partner with LRA and FLAG in recognizing and supporting Riverside frontline workers and local restaurants who have been hardest hit during this pandemic," said Lea Petersen, public affairs manager at SoCalGas. "My heartfelt thanks go out to all our first responders who have worked tirelessly for months protecting and caring for the lives of others while putting themselves at higher risk." Meals for the events were prepared by LRA member restaurant chain – Miguel's Jr. SoCalGas' grant to the Feed Frontliners Program helped fund the purchases of the meals, which will support the restaurant whose business has been impacted by the pandemic. "The LRA is very excited to partner with our friends from SoCalGas and Riverside and San Bernardino Counties to proudly support our Latino Restaurants," said Tati Polo, LRA cofounder. "By purchasing food from Latino Restaurants and providing delicious meals to our wonderful frontline heroes we focus on two amazing and hard-working groups! Our beloved healthcare staff have been working hard to help manage the flow of COVID-19 and deserve a huge thank you for all of their hard work." SoCalGas is dedicated to supporting the health, safety, and wellness of our community. In addition to supporting the LRA's Feed Frontliners Program events, the utility has donated more than $2 million to nonprofit organizations to support the region's workforce, feed the hungry, provide bill assistance to customers, and more as part of their COVID-19 recovery efforts. Together, the Sempra Energy family of companies – including SoCalGas' sister California utility San Diego Gas and Electric, and the Sempra Energy Foundation – have donated more than $12 million to those in need during this crisis. For more information about SoCalGas' response to the COVID-19 pandemic, please visit www.socalgas.com/coronavirus. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America , delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the Latino Restaurant Association The Latino Restaurant Association promotes, supports and educates restaurateurs and small business owners to ensure the equitable economic growth of the Latino restaurant sector. As a member association we work to bring our member community together to advocate for the critical issues impacting our industry and provide resources and educational opportunities to support efficient business practices. The LRA strives to create an all-inclusive Latino restaurant platform for the country. SOURCE Southern California Gas Company
SoCalGas and UCSB Announce Completion of Energy Efficiency Projects that Reduce Energy Use by Over 24% and Save Over $66,000 Annually
LOS ANGELES, June 18, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and the University of California Santa Barbara (UCSB) today announced the successful completion of two joint energy efficiency projects. In total, the projects are saving the university 66,000 therms of energy every year. The reduction in energy use equates to removing about 350 metric tons of greenhouse gas emissions, the same as a reduction of 866,516 miles driven by passenger vehicles per year. Both projects were part of California's joint Energy Efficiency Partnership between state universities and investor-owned utilities. Over the last five years, SoCalGas has supported over 184 energy efficiency projects, saving university campuses over 6,000,000 therms of energy—a $6 million savings— and providing over $6,300,000 in incentives through this state program. In 2013, the University of California (UC) system announced its Carbon Neutrality Initiative, which commits UC to emitting net zero greenhouse gases from its buildings and vehicle fleet by 2025, something no other major university system has done. SoCalGas' energy efficiency programs support the campus and their ambitious conservation goals. "SoCalGas is committed to providing affordable, clean energy solutions to our customers," said Brian Prusnek, director of customer programs and assistance at SoCalGas. "We value our partnership with the UC and CSU university systems, and through our energy efficiency solutions, we are working together to lower utility bills and curb carbon emissions." "Whole-building energy efficiency projects at UCSB have proven to be strong financial investments and have helped us create more comfortable, safer, and more controllable environments for campus end users," said Jordan Sager, energy manager at UCSB. "SoCalGas has been a great partner to work with on these projects from start to finish." The first of the two UCSB projects began in 2018 as part of the university's high opportunity projects and programs (HOPP's) initiative. SoCalGas and Southern California Edison co-funded the project, which investigated how best to update two important laboratories at the university. The utilities conducted an energy management plan to document and list the savings, costs and measures to implement an energy efficient system. The utilities identified multiple measures to reduce energy consumption in the building's lighting and HVAC systems by installing occupancy sensors, wireless thermostats and low-power LED lights. The campus also added high efficiency dedicated natural gas boilers to each building. A new chilled water system including a cooling tower, and pumps were also installed. Following the installation of the energy efficient system, the utilities verified the energy systems using the Normalized Metered Energy Consumption (NMEC) approach, which uses building-level metered energy data to verify savings. The project resulted in natural gas savings of 60,959 therms, and the university received an incentive from SoCalGas of $152,000. UCSB also installed an ozone laundry system to support their laundering of uniforms and sports gear for the university's athletic department which was eligible for a rebate from SoCalGas in the amount of $5,850 and will save the university approximately 5,880 therms of energy. SoCalGas continues to be a leader in researching and developing new technologies that improve energy efficiency and protect the environment. Over the past five years, SoCalGas energy efficiency programs delivered more than 204 million therms in energy savings, enough natural gas usage for 125,000 households a year, and reducing greenhouse gas emissions by over 1,000,000 metric tons, the equivalent of removing more than 230,000 cars from the road annually. These advances have also helped save SoCalGas customers nearly $225 million in utility bill costs. To learn more about SoCalGas' energy efficiency programs and services, visit socalgas.com or call 800-427-2200. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
SoCalGas and the Latino Restaurant Association Partner to Feed Healthcare Workers in Kern County
LOS ANGELES, June 15, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and the Latino Restaurant Association (LRA) today held meal distribution events at Mercy Hospital Southwest in Bakersfield and Adventist Health Delano Regional Medical Center. Hundreds of healthcare workers received a free meal provided by local Latino-owned restaurants. The events were made possible thanks to a grant from SoCalGas to LRA's Feed Frontliners Program, which provides support to healthcare workers and restaurants affected by the COVID-19 pandemic. "Mercy Hospitals of Bakersfield is overwhelmed by the generosity of the SoCalGas and the LRA," said Toni Harper, vice president at Mercy Hospitals of Bakersfield. "As we continue to weather the pandemic, our caregivers are working tirelessly to ensure every patient and family has the best care. A gesture such as this by SoCalGas and the LRA renews their spirit and for that, we are eternally grateful." "This pandemic has impacted all of us in different ways. Our goal with these events is to express our appreciation for healthcare workers and support local restaurant owners whose businesses have been affected by the pandemic," said Robert Duchow, public affairs manager at SoCalGas. "We are proud to continue supporting the communities we serve every day." SoCalGas employees from Bakersfield also volunteered at the events, distributing meals and care packages to healthcare workers. Meals for the events were prepared by LRA member restaurants, Nuestro Mexico in Bakersfield and by Hole-in-One in Delano. SoCalGas' grant to the Feed Frontliners Program helped fund the purchases of the meals, which will support the restaurants whose business has been impacted by the pandemic. "The Latino Restaurant Association is so thankful to SoCalGas for partnering with us to bring our Feed Frontliners Program to the Bakersfield and Delano community," said Lilly Rocha, LRA Board Chair. "SoCalGas has been with us from the beginning, starting with a handful of meals to local ICU units to 250 meals at Adventist Health Delano Regional Medical Center and Mercy Hospital respectively. The strength of the program is in supporting two vulnerable and impacted communities - frontline healthcare workers combating COVID-19 every day and restaurants who are struggling to stay open." SoCalGas is dedicated to supporting the health, safety, and wellness of our community. In addition to supporting the LRA's Feed Frontliners Program events, the utility has donated more than $2 million to nonprofit organizations to support the region's workforce, feed the hungry, provide bill assistance to customers, and more as part of the COVID-19 recovery. For more information about SoCalGas' response to the COVID-19 pandemic, please visit www.socalgas.com/coronavirus. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America , delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the Latino Restaurant Association The Latino Restaurant Association promotes, supports and educates restaurateurs and small business owners to ensure the equitable economic growth of the Latino restaurant sector. As a member association we work to bring our member community together to advocate for the critical issues impacting our industry and provide resources and educational opportunities to support efficient business practices. The LRA strives to create an all-inclusive Latino restaurant platform for the country. SOURCE Southern California Gas Company
Sempra Energy Declares Common And Preferred Dividends
SAN DIEGO, June 11, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its board of directors has declared a $1.045 per share quarterly dividend on the company's common stock, which is payable July 15, 2020, to common stock shareholders of record at the close of business on June 26, 2020. Sempra Energy's board of directors also declared a quarterly dividend of $1.50 per share on Sempra Energy's 6% Mandatory Convertible Preferred Stock, Series A. Additionally, Sempra Energy's board of directors declared a quarterly dividend of $1.6875 per share on the company's 6.75% Mandatory Convertible Preferred Stock, Series B. The preferred stock dividends will be payable July 15, 2020, to preferred stock shareholders of record at the close of business on July 1, 2020. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward- looking statements. 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility and unprecedented decline of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the 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 the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Sempra Energy Partners With Texas Economic Development Corporation
SAN DIEGO, June 10, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the company has joined the Texas Economic Development Corporation (TxEDC), an independently funded and operated 501(c)(3) nonprofit organization promoting economic and business development in the state. "As Texas dedicates itself to recovering from the COVID-19 pandemic, we are proud to support the TxEDC as it works to promote the economic vitality and international presence of the state," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "We look forward to continuing our collaboration with Texas leaders to grow and expand the state's leading position in the worldwide energy landscape. Our company is focused on developing critical energy infrastructure needed to support the Texas economy and the transformation of America into a leader in energy exports." The work of the TxEDC is a key part of Texas Gov. Greg Abbott's economic development plan to make Texas an even stronger state. "The State of Texas is grateful for Sempra Energy's continued partnership to help strengthen the Texas economy and improve the livelihoods of all Texans," said Gov. Greg Abbott. " Texas remains the best state in the nation for business because of partners like Sempra Energy and we welcome this decision to join the TxEDC. The TxEDC plays a vital role in attracting more investments to Texas, creating more jobs, and empowering entrepreneurs and job creators across the state. By partnering with Sempra Energy, the TxEDC will help usher in even greater economic prosperity for communities across the Lone Star State." Sempra Energy is dedicated to investing in the communities in which it serves and operates, including Texas. Over the last three years Sempra Energy, Sempra LNG and the Sempra Energy Foundation have committed more than $2.5 million to nonprofit organizations providing services in Texas, in addition to the community investments of Oncor Electric Delivery Company LLC (Oncor), headquartered in Dallas. Sempra Energy indirectly owns approximately 80% of Oncor. Continuing to Grow in Texas Sempra Energy continues to advance its presence in Texas as it focuses on growing in the most attractive markets in North America. The company plans to open a " Center of Excellence" in Houston later this year. In addition to expanded office space for regional business operations of Sempra LNG, the Houston Center of Excellence will showcase innovative technologies developed by the Sempra Energy family of companies to support today's evolving energy market. Sempra Energy began operating in Texas more than 20 years ago. In May 2019, the company acquired a 50% limited-partnership interest in Sharyland Utilities, LLC. In 2018, Sempra Energy became the majority owner of Oncor, the largest electric transmission and distribution utility in Texas, serving more than 10 million consumers. In 2019, Sempra Energy also supported Oncor's acquisition of InfraREIT, Inc. Through these three acquisitions, Sempra Energy has made investments in Texas totaling more than $20 billion in enterprise value. Additionally, Sempra LNG is developing the proposed Port Arthur LNG export project in Jefferson County, Texas. Port Arthur LNG is slated to be a multibillion-dollar infrastructure investment designed to enable the delivery of natural gas sourced from Texas to world markets. The project, if completed, would also support manufacturing, small businesses and the community by creating thousands of jobs and contributing to the local economy. For more information on Sempra Energy's commitment to Texas, please visit www.sempra.com/Texas. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward- looking statements. 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility and unprecedented decline of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the 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 the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Sempra Energy And State Grid International Development Target To Close Sale Of Chilquinta Energía In Chile By June 24
SAN DIEGO, June 9, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) and State Grid International Development Limited (SGID) have jointly announced today that both companies remain firmly committed to completing the sale of Sempra Energy's equity interests in its Chilean businesses, including its 100% stake in Chilquinta Energía S.A. (Chilquinta Energía), and are targeting June 24 as the closing date. "As we move to close the transaction, our primary focus continues to be on the safety and well-being of our employees, customers and communities," said Dennis V. Arriola, executive vice president and group president of Sempra Energy. "We have received all the necessary approvals for the sale of our Chilean investments from the required governmental agencies in Chile and we plan to proceed with the closing with a target date of June 24." In addition to Chilquinta Energía, Sempra Energy also intends to sell a 100% interest in Tecnored S.A., which provides electric construction and infrastructure services to Chilquinta Energía and third parties, and 100% ownership of Eletrans S.A., which owns, constructs, operates and maintains power transmission facilities. "Our planned investment in Chile is very strategic to the overall long-term growth of SGID and we are fully supportive of the Chilean government's efforts to protect its citizens from the spread of COVID-19," said Hu Yuhai, Chairman of SGID. "Our Board of Directors remains fully committed to completing this transaction with Sempra Energy. We expect confirmation on the last remaining filing in China with the National Development and Reform Commission (NDRC) very soon." In April, Sempra Energy announced the completion of the sale of its Peruvian businesses, including its 83.6% interest in Luz del Sur S.A.A., to an affiliate of China Yangtze Power International (Hongkong) Co., Limited, generating approximately $3.6 billion in total cash proceeds, subject to post-closing adjustments. The sale of Sempra Energy's Chilean businesses is subject to various conditions to closing, including confirmation on the last remaining filing with the NDRC. The completion of the Chilean transactions will conclude Sempra Energy's planned sale of its South American businesses. Proceeds from the sales will be used to further strengthen the company's balance sheet and liquidity position. About Chilquinta Energía Chilquinta Energía is the third-largest distributor of electricity in Chile. Chilquinta Energía provides electricity to approximately 2 million people in the regions of Valparaíso and Maule in central Chile, and is also active in the development and operation of electric transmission lines. About State Grid International Development LimitedSGID, a wholly-owned subsidiary of State Grid Corporation of China (SGCC), is incorporated in Hong Kong as a limited liability company. It leverages SGCC's operational strengths and financial support to actively pursue investment opportunities worldwide and improve the operating efficiency of its portfolio of companies. SGID currently has investments in the Philippines, Brazil, Portugal, Australia, Hong Kong SAR, Italy, Greece and Oman. SGCC, headquartered in Beijing, is the world's largest power utility corporation, and has extensive experience in constructing and operating electricity transmission and distribution networks. The company's power grid network covers 26 provinces in China, accounting for more than 88% of China's territory, and serves a population of over 1.1 billion. The company ranked fifth in 2019 Fortune Global 500. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward- looking statements. 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility and unprecedented decline of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the 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 the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Declares Preferred Dividends
LOS ANGELES, May 21, 2020 /PRNewswire/ -- The board of directors of Southern California Gas Co. (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 July 15, 2020, to shareholders of record on June 10, 2020. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas's vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy Reports Corporate Sustainability Initiatives
SAN DIEGO, May 20, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today released its 12 th corporate sustainability report, "Shaping the Future," outlining goals and key performance indicators across four broad categories: world-class safety, workforce engagement, operational resiliency and the energy transition. "Our mission-focused, values-led approach enables the Sempra Energy family of companies to safely deliver reliable energy to over 35 million consumers across North America, including hospitals, first-responder facilities, home offices and essential businesses during this pandemic," said Jeffrey W. Martin, chairman and chief executive officer of Sempra Energy. "As discussed during our Investor Day, we are focused on managing the risks and opportunities that improve business resiliency and sustainable growth. Our high-performance culture is key, because it helps us adapt and focus on the right things, as our 18,000 employees work to improve the lives of our customers by delivering energy with purpose every day." Through its family of companies, Sempra Energy operates new, smart energy infrastructure that connects residential and business consumers alike to lower-carbon choices for their energy supply. With a mission that is focused on building North America's premier energy infrastructure company, Sempra Energy is focused on key growth markets in California, Texas, Mexico and global LNG export markets. The company's operations are largely concentrated in energy transmission and distribution, a section of the energy value chain that the company believes limits commodity exposure and provides attractive risk-adjusted returns. To advance its strategy, Sempra Energy is focused on measurable improvements in safety, employee development, operations and the energy transition. The company's sustainability approach is rooted in extensive stakeholder dialogue and deep enterprise-wide alignment around ambitious goals, all championed at the highest levels of the organization. This commitment to sustainability is why Sempra Energy is recognized as an industry leader, earning numerous recognitions, including being named to the Dow Jones Sustainability World Index the past two years, the only North American utility to earn that honor. Sempra Energy's corporate sustainability report includes review and reporting of various topics, including safety performance, employee engagement and several goals related to the energy transition. The report is aligned with the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) disclosure frameworks. Read Sempra Energy's full 2019 corporate sustainability report at sempra.com/sustainability. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward- looking statements. 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility and unprecedented decline of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the 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 the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Cameron LNG Begins Production At Train 3 Of Liquefaction Facility
SAN DIEGO, May 18, 2020 /PRNewswire/ -- Sempra LNG, a subsidiary of Sempra Energy (NYSE: SRE), today announced that Cameron LNG has begun producing liquefied natural gas (LNG) from the third and final liquefaction train of its Phase 1 liquefaction-export project in Hackberry, Louisiana. "Congratulations to the entire Cameron LNG team for reaching this last major milestone toward full commercial operations for Phase 1 of this critical energy infrastructure facility," said Justin Bird, chief executive officer of Sempra LNG. "We look forward to the completion of this world-class LNG facility that will be an outlet for exporting abundant U.S. natural gas to world markets. Sempra LNG is proud of the thousands of engineering and construction jobs and millions of tax revenues the project has provided to Southwest Louisiana. As the construction phase of the project concludes with a remarkable record of over 88 million hours without a lost time incident, we are confident in Cameron LNG's commitment to operating safely and continuing to support the local economy and community that has welcomed us since day one." Commercial operations for Train 3 under Cameron LNG's tolling agreements remain on track to begin in the third quarter of 2020. Cameron LNG achieved commercial operations of Train 1 and Train 2 in August 2019 and February 2020, respectively. Cameron LNG is jointly owned by affiliates of Sempra LNG, TOTAL S.A., Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha. Sempra Energy indirectly owns 50.2% of Cameron LNG. Sempra LNG's mission is to be the premier North American LNG infrastructure company, by sustainably and safely providing U.S. producers of natural gas leading access to global markets. Sempra LNG owns a 50.2% interest in Cameron LNG, a 12 million ton per annum (Mtpa) export facility operating in Hackberry, Louisiana, and is currently developing additional LNG export facilities on the Gulf Coast and Pacific Coast of North America through Cameron LNG expansion, Port Arthur LNG in Texas and Energía Costa Azul LNG in Mexico. The successful development and ultimate construction of Sempra Energy's LNG export projects are subject to a number of risks and uncertainties and there can be no assurance that any of these projects will be completed. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. 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 other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances of permits and other authorizations, and other actions by the U.S. Department of Energy, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory investigations and proceedings and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility and unprecedented decline of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; cybersecurity threats to storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the 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 the company's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not the same company as San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG
SoCalGas Employees Lead Drive to Get Hundreds of Hygiene Kits to Those Transitioning out of Homelessness through LA Family Housing
LOS ANGELES, May 14, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) staff and LA Kings staff, fans and mascot Bailey today held a donation event for LA Family Housing, to deliver hundreds of hygiene items for people transitioning out of homelessness. SoCalGas and the Sempra Energy Foundation also teamed up to donate $50,000 to LA Family Housing (LAFH). Photos and videos from the event are available here. "SoCalGas recognizes the importance of supporting our communities and especially those struggling with, or on the verge of homelessness. People from every walk of life are in need of the basics – many people seeking assistance for first time," said Gillian Wright, senior vice president of customer services at SoCalGas and board chair at LA Family Housing. "SoCalGas is in the business of making the basics affordable – affordable heat, hot water and more energy efficient homes. Over the years our employees have raised millions to support homeless initiatives. It's wonderful to see our employees and partners stepping up in this time of unprecedented need." "The LA Kings and SoCalGas enjoy a tremendous partnership and it is exciting to come together during this difficult, unique time to assist our community," said Jennifer Pope, Vice President, Community Relations and Team Services at LA Kings. "Collectively -- with our fans -- the entire Kings family can help support these efforts and supporting LAFH." "LAFH has always depended on a strong base of community support to help our participants as they transition out of homelessness," said Stephanie Klasky-Gamer, president and CEO of LA Family Housing. "As we navigate the complexities of the COVID -19 crisis, we have never been more grateful for dedicated community partners like SoCalGas and the LA Kings, who have found creative ways to remain engaged and meet the needs of our most vulnerable neighbors." Each year LA Family Housing distributes 12,000 hygiene kits to people who are unhoused, living in temporary housing, and to families to have recently moved into a place of their own. During the COVID-19 crisis, they need an additional 3,000 kits each month to meet the need. Through community support and partnerships with leading organizations like SoCalGas and the LA Kings, LA Family Housing is working diligently to meet the needs of the most vulnerable while safeguarding program participants, staff, and volunteers. For the donation drive, participants could either mail in supplies, purchase items from LAFH's Amazon wish list or attend the event at LAFH's North Hollywood headquarters to drop off their donated items from their vehicles. LAFH accepted new items such as cloth face coverings, thermometers, shampoo, conditioner, body wash and more. LA Family Housing is a non-profit organization helping people to transition out of homelessness and poverty through a continuum of housing enriched with supportive services. The organization's vision is to be a leader in providing solutions to end homelessness. The non-profit operates 29 properties of temporary, permanently affordable, and permanent supportive housing across Los Angeles, with headquarters and most services based in the San Fernando Valley. SoCalGas is a longtime supporter of LA Family Housing, having collaborated with the organization since 1998 and given over $132,000 in support. In March, SoCalGas announced a $1 million donation to nonprofit organizations throughout its service area to support the region's workforce, feed the hungry, and provide bill assistance to customers most affected by COVID-19. Together, the Sempra Energy family of companies – including SoCalGas' sister California utility San Diego Gas and Electric, and the Sempra Energy Foundation – are stepping up with more than $8 million to those in need during this crisis. About LA Family Housing LA Family Housing (LAFH) is a non-profit organization that helps people break the cycle of homelessness and regain stability through a proven model of housing enriched with supportive services. Since their inception in 1983, LA Family Housing has become one of the largest developers of affordable housing and homeless services providers in Los Angeles. Today they have 29 properties of temporary, permanently affordable, and permanent supportive housing across Los Angeles, with headquarters and most services based in the San Fernando Valley. A regional leader in homeless services for families and individuals, LA Family Housing helps more than 11,000 people transition out of homelessness each year. About Los Angeles Kings For more than half a century, the Los Angeles Kings have been bringing excitement, passion and Stanley Cup glory to Southern California, delighting our deeply loyal fan base by being a leader in incredible events and employing the greatest players in NHL history. In addition, the legacy of the LA Kings is an ultimate first-class commitment both to our fans and our partners with an unmatched pledge to improving our community by serving as a model sports franchise. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas's vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
SoCalGas & Sempra Energy Foundation Donate $50,000 and Commercial Kitchen Equipment to Covenant House California Shelter for Homeless Youth
LOS ANGELES, May 7, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and Covenant House California (CHC) today announced that SoCalGas and the Sempra Energy Foundation together have donated $50,000 to Covenant House California, a non-profit shelter that provides sanctuary and support for homeless and trafficked youth, ages 18-24. The $50,000 donation includes, $25,000 from SoCalGas and $25,000 from the Sempra Energy Foundation. In addition, SoCalGas, is donating commercial cooking equipment for the shelter's kitchen. Please see here for photos and video from today's delivery of the kitchen equipment to Covenant House. "SoCalGas is proud to support our friends at Covenant House of California with this donation," said Mia DeMontigny, Vice President Controller and Chief Financial Officer at SoCalGas and Covenant House California board member. "Covenant House works tirelessly to provide critical and life-changing services to youth experiencing homelessness in Los Angeles and we are proud to be able to support their efforts." "SoCalGas is showing what an amazing partner they are, during the greatest time of need for young people experiencing homelessness. This gift helps us to be able to meet the needs of more youth than ever who do not have a safe place to sleep right now, as the result of the pandemic. We are so incredibly grateful to SoCalGas for stepping up in such a significant way for the most vulnerable people in our community," said Bill Bedrossian, CEO Covenant House of California. CHC provides not only housing services including transitional living programs but also support services such as street outreach, medical and mental health services, and career and education programs. Covenant House California has over 100 youth currently living at its Los Angeles campus and served over 240,000 meals to youth throughout California last year. The donations from both SoCalGas and the Sempra Energy Foundation will supplement the cost of food for the shelter's Los Angeles location as well as support other services the non-profit provides. Last month, SoCalGas announced a $1 million donation to nonprofit organizations throughout its service area to support the region's workforce, feed the hungry, and provide bill assistance to customers most affected by COVID-19. Together, the Sempra Energy family of companies – including SoCalGas' sister California utility San Diego Gas and Electric and the Sempra Energy Foundation – are stepping up with more than $8 million to those in need during this crisis. SoCalGas has suspended service disconnections for its core customers until further notice. This means no residential or small business customer will have their natural gas turned off due to non-payment. SoCalGas has also temporarily waived late fees for small business customers. Late fees are never charged for residential customers. Natural gas continues to flow and is being delivered to SoCalGas' 22 million customers across southern and central California, just as it does on a "typical" day. There is no shortage of supply of natural gas for homes or businesses or to power plants that generate electricity. For more information about SoCalGas' response to the COVID-19 pandemic, please visit www.socalgas.com/coronavirus. Covenant House California COVID-19 Response Covenant House California is ACTIVELY serving nearly 5,000 youth a year who are experiencing homelessness across the state in Los Angeles, Oakland, and Berkeley. Simultaneously, each night in California, there are over 10,000 youth experiencing homelessness who don't have a safe place to sleep. Their need for shelter, sustenance, medical attention, sanctuary, and support has not quelled in the midst of social distancing and the shuttering of non-essential businesses; IT HAS DRASTICALLY INCREASED. The work of providing care to an already traumatized population of youth centers upon human connection, contact, and engagement. To that end, our shelters are sheltering, our street outreach programs are outreaching, and our counselors are counseling; we make a commitment to every youth we serve that, when they are with us or working with us, they will receive absolute respect and unconditional love, and we will not relent in that covenant. We work with a highly traumatized population. As a result, their response to this crisis – and our society's collective anxiety – requires a targeted, trauma-informed approach from a mental health standpoint. Our counselors are working double-time to ensure that youth who are scared are enveloped with love and support and reinforcing their inherent strengths that fuel healthy coping mechanisms – mechanisms that will prevent returns to homelessness. Our Rapid Rehousing programs are structured to provide support to youth who have worked unbelievably hard to maintain a job and their first apartment lease. Many of those youth are now faced with the elimination of their employment (i.e., those working in the service industries). We are not willing to stand by and watch youth lose everything as a result of their work stoppage or shortage, and as a result, we are paying their rent – or whatever portion of their rent that they cannot afford. In fact, a significant majority of our youth lost their employment just one week into the pandemic. This has created the need for additional food and staffing costs on our campuses as well as the need to have increased programming on our sites to ensure that youth are being constructive and staying healthy during this time where employment prospects are very low for them. We will not stop doing this work. We have made that commitment to the youth we serve and, frankly, to the communities we serve. Every unrestricted dollar that can be mustered makes the fulfillment of that commitment less strenuous. In a time when everything is constantly changing, this funding allows us to rapidly target emergencies as they arise. About Covenant House California Covenant House California (CHC) is a non-profit youth shelter with locations in Hollywood, Oakland and Berkeley that provides sanctuary and support for homeless and trafficked youth, ages 18-24. CHC believes that no young person deserves to be homeless; that every young person in California deserves shelter, food, clothing, education and most importantly, to be loved. Now serving over 5,000 youth a year, CHC has served over 200,000 homeless youth since we've opened our doors. CHC provides a full continuum of services to meet the physical, emotional, educational, vocational, and spiritual well-being of young people, in order to provide them with the best chance for success in independence. www.covenanthousecalifornia.orgFacebook: @covenanthousecaliforniaTwitter: @CovenantHouseCA About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

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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).