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Displaying results 1081 - 1095 of 1206
SoCalGas Smart Thermostat Program Offers Customers Up to $75 in Incentives to Conserve Natural Gas this Winter
LOS ANGELES, Jan. 30, 2018 – Southern California Gas Co. (SoCalGas) is offering customers up to $75 in incentives to participate in its Smart Thermostat Program. The program is designed to help households that have purchased, installed and registered an ecobee or Nest smart thermostat conserve natural gas for home heating this winter. “Smart thermostats can help customers save money and energy, and the incentives that SoCalGas is offering as part of the Smart Thermostat Program makes purchasing a device an even more worthwhile investment,” said Dan Rendler, director of customer programs and assistance at SoCalGas. “Participating in the program is an easy way for customers to conserve natural gas during critical periods while still being comfortable in their homes.” Residential owners of ecobee or Nest-registered devices with gas heating in SoCalGas’ service territory, except those who are currently enrolled in Southern California Edison’s (SCE) Save Power Days electric demand response program, are eligible to participate in the Smart Thermostat Program. SoCalGas and SCE are working on a process that will allow dual-enrollment across both programs by next winter. By participating in the Smart Thermostat Program, customers agree to allow minor adjustments to be made to their smart thermostat temperature settings for a few hours on days when SoCalGas calls a Natural Gas Conservation event. These events will help lower the risk of possible natural gas shortages when demand is at its highest. Participants are notified two hours before any adjustments are made via their smart thermostat, web portal, mobile app and/or email. SoCalGas customers who enroll in the program will receive a $50 check for signing up by Mar. 1 st and another $25 for staying enrolled through the duration of the program, which concludes on Apr. 1 st. Customers who participated in the SoCalGas Advisory Thermostat Program with ecobee devices last year will receive $25 for their full participation in the Smart Thermostat Program this year. SoCalGas is a leader in energy conservation, helping to keep natural gas bills affordable for customers and protecting the environment. Since 1990, the company’s energy efficiency and rebate programs have helped families and businesses save approximately $672 million on their natural gas bills and reduced emissions equal to taking almost 700,000 cars off the road. For more information about the Smart Thermostat Program, click here. To enroll in the program with an ecobee device, click here, and to enroll with a Nest device, click here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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. # # #
Northridge Middle School Students Learn About Renewable Natural Gas Through Hands-On Activities with SoCalGas Engineers, Great Minds in STEM and College Scholars
To inspire students in underserved communities to take interest in the fields of science, technology, engineering and math (STEM), Southern California Gas Co. (SoCalGas) and Great Minds in STEM (GMiS) today teamed up to lead science activities for about 100 sixth graders at Northridge Middle School. During the program, which was created by GMiS, SoCalGas engineers and local college students assisted the middle schoolers with hands-on projects that taught them lessons in renewable natural gas (RNG) and civil engineering. Photos of the event are available here. Participants explored a variety of scientific and technical concepts, including how RNG can be made from food waste. They extracted and purified compounds from strawberries to help them understand how various components can be created when organic materials biodegrade. They also applied civil engineering principles through an activity of constructing three-foot domes with everyday materials. Winners for this challenge were determined by which structures could hold the most weight. “This program shows young people how exciting the STEM fields can be and how we can use these concepts to help solve big challenges,” said Jimmie Cho, senior vice president of gas engineering and distribution operations at SoCalGas. “For example, by capturing methane emissions from farm operations and landfills, we can create renewable natural gas that can help meet California’s energy needs.” “This was an awesome opportunity for Northridge Middle School that was made possible thanks to the generous support of SoCalGas and GMiS,” said Richard Ramos, the school’s principal. “Through this program we hope to incubate students to pursue studies in STEM education and future careers.” “Kids love participating in Viva Technology Student Day because they get to apply STEM concepts during fun activities and friendly team competitions,” said Roberto Ornelas, senior coordinator of education programs for GMiS. “They always come out with renewed engagement for STEM subjects and cannot wait to come back into the classroom to learn more.” The program additionally included raffle drawing of educational toys and games for the students. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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 Great Minds in STEM Great Minds in STEM™ is a national 501(c)3 nonprofit organization based in Los Angeles County with a 30-year history of keeping America technologically strong through the delivery of national STEM awareness programs for students, parents and teachers in underserved communities. Through the GMiS network, academic, career development and mentoring opportunities are offered to students who are underrepresented in STEM fields. The organization is focused on working to build a diverse 21st Century STEM workforce in which all citizens contribute to innovation and experience prosperity.
Oncor-Sempra Energy Settlement Agreement Expands to 9 Texas Stakeholders
SAN DIEGO and DALLAS, Jan. 25, 2018 /PRNewswire/ -- Oncor Electric Delivery Company, LLC (Oncor) and Sempra Energy (NYSE: SRE) today announced that the Energy Freedom Coalition of America, Nucor Steel and Golden Spread Electric Cooperative Inc. have joined the group of settling parties related to Sempra Energy's pending acquisition of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximate 80-percent ownership of Oncor. With today's announcement, nine of 10 intervenors in the proceeding have agreed to the settlement. This development marks a significant step forward for Sempra Energy's proposed acquisition of EFH and its stake in Oncor. Previous stakeholders signing on to the settlement agreement include: Staff of the Public Utility Commission of Texas (PUCT); the Office of the Public Utility Counsel; Steering Committee of Cities Served by Oncor; Texas Industrial Energy Consumers; The Alliance for Retail Markets; and the Texas Energy Association for Marketers. On Jan. 5, 2018, Oncor, Sempra Energy and Staff of the PUCT jointly filed with the PUCT, requesting that the agency approve the acquisition, consistent with the governance, regulatory and operating commitments in the settlement agreement. The nine settling parties have agreed that the acquisition is in the public interest, meets Texas statutory standards, and provides tangible and quantifiable benefits. On Aug. 21, 2017, Sempra Energy entered into an agreement to acquire EFH. In September, the U.S. Bankruptcy Court for the District of Delaware approved EFH's entry into the merger agreement with Sempra Energy and, in October, Sempra Energy and Oncor filed a joint Change-in-Control application with the PUCT. On Oct. 16, 2017, the PUCT set a procedural schedule to complete a review of the joint application by early April 2018, with a proposed February 2018 hearing date. On Dec. 12, 2017, the Federal Energy Regulatory Commission issued an order authorizing Sempra Energy's acquisition of EFH, subject to customary conditions. The EFH transaction closing remains subject to further approvals by the U.S. Bankruptcy Court and the PUCT, among other approvals and closing conditions. Headquartered in Dallas, Oncor is a regulated electric transmission and distribution service provider, made up of approximately 134,000 miles of lines and more than 3.4 million advanced meters, making it the largest utility in Texas. Using cutting-edge technology, more than 3,900 employees work to safely maintain reliable electric delivery service to over 10 million Texans. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers or may impact our ability to obtain satisfactory levels of insurance; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of changes in the tax code as a result of recent federal tax reform and uncertainty as to how certain of those changes may be applied, and our ability to mitigate such impacts; actions by credit rating agencies to downgrade credit ratings of us or our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. Additional forward-looking statements include, but are not limited to, statements about the completion of the merger and the expected financing plans for the merger, and other statements that are not historical facts. Additional factors that could cause actual results and future actions to differ materially from those described in any such forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction or be onerous to Sempra Energy; the risk that a condition to closing of the merger may not be satisfied; the risk that the transaction may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected; the risk that the significant additional indebtedness Sempra Energy incurred in connection with the transaction may make it more difficult to pay or refinance its debt or take or other actions, including by decreasing business flexibility and increasing borrowing costs; the risk that, if the transaction is completed, Oncor's results of operations after the transaction will not be consistent with our expectations or that its capital investment spending will be less than anticipated; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention to merger-related issues; and related legal, accounting and other costs, whether or not the merger is completed; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new required regulatory capital structure, or because any of the three major credit rating agencies rates its senior secured debt securities below BBB (or its equivalent) or its independent directors determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. 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 . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
What Is Next For Clean Transportation: Modernizing School Buses, Public Transit, Cross-Border Trucks, Refrigerated Semi-Truck Trailers And More
SAN DIEGO, Jan. 23, 2018 /PRNewswire/ -- With school and transit buses, trucks and other medium/heavy-duty equipment generating the bulk of the most harmful air pollutants in the region, San Diego Gas & Electric (SDG&E) is proposing a new solution. Under a proposal submitted to the California Public Utilities Commission (CPUC) this week, SDG&E is seeking approval to build charging infrastructure to enable about 3,000 medium/heavy-duty vehicles to go electric. To clean up the air in areas suffering from the highest levels of tailpipe emissions, 40 percent of the installations will be targeted for vehicles and equipment that are based in or travel through disadvantaged communities. Overall, this program will help local, regional and statewide government meet climate action goals by reducing greenhouse gas emissions. This new proposal comes on the heels of SDG&E receiving unanimous support and approval from the CPUC on Jan. 11 to proceed with several pilot projects to install charging stations at the Port of San Diego, San Diego International Airport, Park & Ride lots, shuttle hubs and delivery fleet hubs. "We are building momentum to achieve a cleaner, more sustainable future, as businesses, local government agencies and every day citizens embrace ambitious climate goals to clean up transportation," Caroline Winn, SDG&E's chief operating officer, said. "We live in an exciting time because technological barriers are disappearing, and it's now feasible for vehicles and equipment that transport people and goods to be powered by new electricity and natural gas engine technology, which is much cleaner than conventional gasoline and diesel engine technology." If approved by the CPUC, the new proposal would enable a much wider deployment of charging stations in the region, which is home to more than 103,000 Class 2 through Class 8 commercial vehicles, including trucks that operate around the congested ports of entry along the U.S.- Mexico border. These vehicles range in weight from 6,000 pounds to more than 33,000 pounds. In California, Class 2–8 vehicles produce more particulate matter than all of the state's power plants combined and can cause or worsen asthma and other health conditions. The application would also support the electrification of forklifts and refrigerated semi-truck trailers, which are vital for moving and delivering perishable goods. If approved by the CPUC, the program would be implemented over five years and is expected to reduce greenhouse gas emissions by 42,000 metric tons per year, equivalent to avoiding the use of more than 4.7 million gallons of gasoline. SDG&E's proposal was developed under Senate Bill 350 (SB 350), which recognizes that widespread transportation electrification is required to meet the state's goals to reduce greenhouse gas emissions to 40 percent below 1990 levels by 2030 and to 80 percent below 1990 levels by 2050. Organizations offering support for this proposal include the Otay Mesa Chamber of Commerce, UC San Diego, Amazon, North County Transit District, Sierra Club, Ace Parking, Sysco and the San Diego Air Pollution Control District. A cutting-edge element of the proposal is an electric school bus pilot. Under the pilot, bus batteries would charge when energy is plentiful—such as during the day when there is abundant solar power—and discharge the energy when there is high demand on the power grid. Meanwhile, as part its Power Your Drive Program, SDG&E continues to make progress installing up to 3,500 charging stations at multi-family homes and businesses. SDG&E's charging projects do not just deliver clean air, they also create jobs and stimulate the economy. SDG&E is an innovative San Diego-based energy company that provides safe, reliable, clean energy to better the lives of the people it serves in San Diego and southern Orange counties. The company was the first to meet California's goal of delivering 33 percent of energy from renewable sources, has fueled the adoption of electric vehicles and energy efficiency through unique customer programs, and supports a number of non-profit partners. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook. SOURCE San Diego Gas & Electric (SDG&E)
SoCalGas Encourages Customers to Save Postage Costs with Paperless Billing
With postage rates going up this weekend, Southern California Gas Co. (SoCalGas) is encouraging customers to save money and take advantage of the convenience of Paperless Billing. More than 2.3 million SoCalGas customers have already switched, eliminating their paper bills—along with the water, gasoline and tree-cutting involved in producing, mailing and transporting them. “In addition to being environmentally friendly, paperless billing creates convenience for our customers,” said Gillian Wright, vice president of customer solutions at SoCalGas. “It lets people access their SoCalGas bill instantly on their computer or smart phone, get Bill Tracker Alerts, make payments online and set up electronic payment reminders via My Account.” “Those who haven’t gone paperless say they want the record, or they’re concerned about remembering to pay their bill,” Wright added. “We send bill payment reminders via email, and we keep two years of bills on our system for people to view anytime—which sure beats filing all that paper.” With Paperless Billing, customers can: Save time and money—No need to spend 50 cents on postage, file bills or shred old ones. Pay online through a secure site or with Pay-By-Text. Receive notice via email or text when their bill is ready. Set up electronic payment reminders. Get easy, instant access to their bill 24 hours a day—from a computer, mobile phone, tablet or any other device connected to the Internet. Securely store past bills—two years’ worth—plus payment records and energy use history. To sign up for Paperless Billing, follow these two steps: Log in to My Account: Pay your bill online with My Account (One-Time or Automatic Monthly payment). If you are currently registered with My Account, log in here. If you are not a My Account user, learn more here. Once signed up, you will automatically receive an email alert when your bill is ready. Click on the Go Paperless icon: Stop receiving bills through the mail for any SoCalGas account(s) you pay. Step-by-step instructions are shown in this video. Customers with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. For more information about Paperless Billing, visit https://www.socalgas.com/pay-bill/my-account/paperless-billing. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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.
California Utilities Issue Draft Solicitation for Dairy Biomethane Pilot Projects
LOS ANGELES, Jan. 19, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), San Diego Gas & Electric (SDG&E), Pacific Gas and Electric Company (PG&E) and Southwest Gas jointly issued a draft solicitation yesterday for dairy biomethane pilot projects under California Senate Bill (SB) 1383. Proposed projects must demonstrate an ability to capture and process biogas from dairy cows to produce renewable natural gas, which can replace traditionally sourced natural gas for generating electricity, heating homes and fueling vehicles. At least five projects will be selected. The draft solicitation is the first step in a new program created under SB 1383 by the California Public Utilities Commission (CPUC), which has been directed to reduce methane emissions from agriculture in the state by 2030. "This is an exciting first step to building the market for renewable natural gas," said Lisa Alexander, vice president of customer solutions and communications for SoCalGas. "Renewable natural gas, with its ability to turn methane emissions into a source of energy, is a critical element of a comprehensive approach to climate change, and we look forward to supporting these efforts." "The capture of biogas from agriculture is an innovative way to produce renewable natural gas to fuel our homes and businesses while helping achieve the state's climate goals," said Michael Schneider, chief environmental officer and vice president of operations support and sustainability for SDG&E. "These pilot projects will help us identify a largely untapped energy resource and put organic waste to work for California." "Identifying new ways to reduce methane emissions and their effect on the environment is one of PG&E's highest priorities. We remain committed to playing a key role in California's emissions reductions effort and clean energy future. And, we are proud to partner with the state's leading energy companies and agriculture producers to convert organic waste into a reliable source of energy. The capturing, transformation and utilization of methane emissions as a clean fuel source will have significant environmental benefits," said PG&E Gas Operations Senior Director, Christine Cowsert. "Southwest Gas is pleased to partner with SoCalGas, San Diego Gas & Electric and Pacific Gas and Electric to further develop the renewable natural gas market in California to help achieve the state's climate change goals," said Randall Gabe, vice president/Gas Resources for Southwest Gas. Proposed projects will be selected by the CPUC, California Air Resources Board and the California Department of Food and Agriculture. The agencies will jointly choose projects based on an evaluation of the proposed business model, likely greenhouse gas reductions realized, and cost effectiveness of achieving these reductions, environmental benefits, disadvantaged community benefits and project readiness. Dairy biogas development is rapidly increasing in California, with help in part from $35 million in grant funding last year from the California Department of Food and Agriculture (CDFA). CDFA is expected to provide an additional $61- $75 million in grant funding for new dairy biogas projects this year. There are currently about 40 projects in the works, and experts expect there could be as many as 120 projects being developed by 2022. The utilities will explain the draft solicitation process, gather feedback to clarify the process and answer questions at a workshop and webinar on Wednesday, Jan. 31, from 1:00 to 3:00 p.m. at the California Department of Food and Agriculture, 2800 Gateway Oaks Dr., Room 101, Sacramento, CA 95833. Additional information on the draft solicitation as well as the workshop and webinar can be found here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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 SDG&ESDG&E is an innovative San Diego-based energy company that provides safe, reliable, clean energy to better the lives of the people it serves in San Diego and southern Orange counties. More than 4,000 employees work to provide the cleanest, safest and most reliable energy in the West. The company has been recognized by the U.S. Environmental Protection Agency for leadership in addressing climate change, was the first to meet California's goal of delivering 33 percent of energy from renewable sources, has fueled the adoption of electric vehicles and energy efficiency through unique customer programs, and supports a number of non-profit partners. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook. About PG&EPacific 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 20,000 employees, the company delivers some of the nation's cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page. About Southwest GasSouthwest Gas Corporation was founded in 1931 and is a subsidiary of Southwest Gas Holdings Inc. Southwest Gas Corporation provides natural gas service to 2 million customers in Arizona, California and Nevada. For more information about Southwest Gas, please visit www.swgas.com. SOURCE Southern California Gas Company
Sempra Energy Named to Fortune's 'World's Most Admired Companies' List for 2018
SAN DIEGO, Jan. 19, 2018 /PRNewswire/ -- Sempra Energy (NYSE:SRE) has been recognized by Fortune magazine as one of the "World's Most Admired Companies" for 2018. Sempra Energy ranked third in the Electric and Gas Utilities category. "We're honored to be recognized as one of Fortune's 'Most Admired Companies,' particularly this year as we celebrate Sempra Energy's 20 th anniversary," said Debra L. Reed, chairman, president and CEO of Sempra Energy. "The attributes measured in this survey – such as attracting and retaining talent, financial soundness and social responsibility – are critical ingredients in our formula for long-term success." Fortune works with Korn Ferry Hay Group, a global management consulting firm, to select companies with the strongest reputations for the annual "World's Most Admired Companies" list. Korn Ferry Hay Group surveys financial analysts, and senior executives and directors from 680 companies, across 29 countries and 52 industries. Companies are ranked on the following attributes: ability to attract and retain talent, quality of management, social responsibility, innovativeness, quality of products or services, wise use of corporate assets, financial soundness, long-term investment value and effectiveness in doing business globally. To be considered, companies must have minimum annual revenues of approximately $10 billion and rank among the revenue leaders in their specific industry. Late last year, the Wall Street Journal recognized Sempra Energy as the top company in the utilities sector in the Journal's first "Management Top 250" ranking, a new report that examines the overall effectiveness of U.S. businesses, and Thomson Reuters, the multinational mass media firm, named Sempra Energy a "2017 Top 100 Global Energy Leader." Sempra Energy includes San Diego Gas & Electric, Southern California Gas Co., Sempra South American Utilities, Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Traffic Advisory: Lane Reduction on Inglewood Boulevard in Playa Vista and Culver City Starting January 16
WHAT: Starting January 16, SoCalGas will be performing a safety inspection on a segment of natural gas pipeline on Inglewood Boulevard between Juniette Street and Jefferson Boulevard in Los Angeles near the border of Playa Vista and Culver City. Crews are expected to work on the natural gas pipeline through April 2018. To perform the pipeline inspection safely, southbound traffic on Inglewood Boulevard will be reduced to one lane between Juniette Street and Jefferson Boulevard, from 8 a.m. to 6 p.m. Monday through Friday, and Saturdays from 9 a.m. to 5 p.m. Southbound traffic on Inglewood Boulevard will be able to make a right- and left-hand turn onto Jefferson Boulevard. Traffic control signs will help direct the flow of traffic. Residents and local business owners may hear some work-related noise. During work hours, commuters passing by the work site will see excavation, equipment and vehicles. No interruption to natural gas service is anticipated. Customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who has concerns about the smell of gas to call us from a safe location at 1-800-427-2200. SoCalGas is available 24 hours a day, seven days a week. WHERE: Inglewood Boulevard between Juniette Street and Jefferson Boulevard, near the interchange of Interstate 405 and State Route 90 in Los Angeles, CA, as shown in this link. WHEN: 8 a.m. to 6 p.m., Monday through Friday, and Saturdays from 9 a.m. to 5 p.m., beginning January 16, 2018. PUBLIC CONTACT: Customers with questions or concerns about the construction work may call SoCalGas’ Customer Contact Center 24-hours a day, seven-days a week at 800-427-2200. Our top priorities are to work safely and to provide the communities we serve with safe and reliable natural gas service.
SoCalGas Announces Upgrade Project to Modernize Natural Gas Pipeline in the L.A. Gateway Area
LOS ANGELES, January 15, 2018 – Southern California Gas Co. (So CalGas) announced today it will be performing an approximately $17 million pipeline modernization project beginning this month. The company will replace a half mile-long section of pipeline along West 190 th Street with new pipeline between Vermont Avenue and Figueroa Street near the Harbor Freeway (Interstate 110), as shown in this link. The work will begin January 16 and is scheduled to be complete in May. “Upgrading our pipeline system helps ensure we can continue to reliably provide natural gas to homes, businesses, schools, hospitals and power plants in Los Angeles,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “Our customers in this region prefer to use natural gas for heat and hot water because it’s more reliable and affordable than any alternative.” The effort is part of SoCalGas’ Pipeline Safety Enhancement Plan (PSEP), a program that identifies various high pressure pipeline sections throughout SoCalGas’ system and schedules them to be pressure-tested and/or replaced. Lane Reduction on 190 th Street Starting January 16 To perform this pipeline improvement project safely, eastbound and westbound traffic on West 190 th Street will be reduced to one lane in each direction from 7 a.m. to 7 p.m., Monday to Friday and 8 a.m. to 6 p.m., Saturdays starting January 16 to May 2018. Eastbound and westbound traffic on West 190 th Street between South Vermont Avenue and South Figueroa Street will not be able to make left turns for approximately .5 miles due to construction work in the middle lane. Westbound traffic will still be able to turn left or right onto Vermont Avenue. Eastbound traffic will still be able to turn left or right on South Figueroa Street. Interstate 110 Southbound Off-Ramp at 190 th Street Closed January 19-20 Additionally, Interstate 110 southbound off-ramp at 190 th and West 190 th Street between South Vermont Avenue and South Figueroa Street, will be closed to traffic from Friday, Jan. 19 at 9 p.m. to Saturday, Jan. 20 at 9 p.m. to install temporary concrete road barriers (k-rails) near the work site. Traffic control message boards, cones and signs will help direct the flow of traffic. During work hours, commuters passing by the work site may see excavation, equipment and vehicles. Customers are not anticipated to experience any service interruptions. Some residents and local business owners may occasionally smell the odorant in natural gas and may also hear some work-related noise. Residents with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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. ###
Lane Reduction on Sepulveda Boulevard in Encino, Sherman Oaks Areas Beginning January 8
WHAT: On Monday, January 8, 2018, SoCalGas will begin pipeline safety work on Sepulveda Boulevard between Royal Woods Drive and just south of Valley Meadow Road in the Encino and Sherman Oaks areas of Los Angeles. Northbound and southbound traffic on Sepulveda Boulevard will be reduced to one lane in some sections during work hours. No interruption to natural gas service is anticipated. WHERE: Sepulveda Boulevard between Royal Woods Drive and just south of Valley Meadow Road, Los Angeles, CA, as shown in this link. WHEN: Beginning January 8, 2018 through February 21, 2018 (weather permitting), northbound lanes will be reduced to one lane before Valley Meadow Road and southbound lanes will be reduced to one lane before Royal Woods Drive. Work hours: Monday-Friday 9:00am-3:30pm Saturday 8:00am-6:00pm NOTE: This effort is part of SoCalGas’ Pipeline Safety Enhancement Plan (PSEP), a multi-billion-dollar program that tests and updates the natural gas pipeline infrastructure in Southern California. SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. PUBLIC CONTACT: Customers with questions or concerns about the construction work may call SoCalGas’ Customer Contact Center 24-hours a day, seven-days a week at 800-427-2200. Our top priorities are to work safely and to provide the communities we serve with safe and reliable natural gas service.
Sempra Energy Announces Pricing of Public Offerings of Common Stock and Mandatory Convertible Preferred Stock
SAN DIEGO, Jan. 4, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has priced its concurrent offerings (the equity offerings) of 23,364,486 shares of its common stock in connection with the forward sale agreements described below at $107 per share and 15,000,000 shares of its 6-percent Mandatory Convertible Preferred Stock, Series A, at $100 per share, each in a separate registered public offering. The equity offerings are expected to close on or about Jan. 9, 2018, subject to customary closing conditions. In addition, the underwriters in the respective equity offerings have been granted the option to purchase directly from Sempra Energy up to an additional 3,504,672 shares of its common stock and up to an additional 2,250,000 shares of its Mandatory Convertible Preferred Stock. These offerings are being made by means of separate prospectus supplements and are not contingent on each other or upon the consummation of Sempra Energy's pending acquisition (the merger) of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximately 80-percent ownership of Oncor Electric Delivery Company LLC (Oncor). The net proceeds from the Mandatory Convertible Preferred Stock offering will be approximately $1.47 billion, after deducting the underwriting discount, but before deducting estimated offering expenses payable by Sempra Energy. Sempra Energy expects to use the net proceeds from the Mandatory Convertible Preferred Stock offering and the related sale of shares of its common stock pursuant to the forward sale agreements referred to below, together with the net proceeds from planned future debt financings, which may include the issuance of its debt securities, commercial paper supported by its revolving credit facilities and borrowings under its revolving credit facilities, to finance the merger and related costs and expenses or, in the case of any proceeds received from settlements under the forward sale agreements that occur after the closing of the proposed merger, to repay indebtedness incurred to finance a portion of the cost of the merger and related costs and expenses. If for any reason the merger is not completed on or prior to Dec. 1, 2018, or the related merger agreement is terminated on or prior to that date, then Sempra Energy expects to use the net proceeds from the equity offerings for general corporate purposes, which may include, in Sempra Energy's sole discretion, the voluntary redemption of the Mandatory Convertible Preferred Stock, debt repayment, including repayment of commercial paper, capital expenditures, investments and possibly repurchases of its common stock at the discretion of its board of directors. Morgan Stanley, RBC Capital Markets and Barclays are acting as joint bookrunners of the equity offerings and representatives of the underwriters. In connection with the common stock offering, Sempra Energy has entered into forward sale agreements with each of Morgan Stanley & Co. LLC, an affiliate of RBC Capital Markets, LLC and an affiliate of Barclays Capital Inc. (in such capacity, the forward purchasers) with respect to 23,364,486 shares of its common stock. In connection with the forward sale agreements, the forward purchasers or their affiliates (in such capacity, the forward sellers) are expected to borrow from third parties and sell to the underwriters of the common stock offering for resale by such underwriters in such offering, an aggregate of 23,364,486 shares of the common stock. If, however, the forward purchasers determine in good faith, after using commercially reasonable efforts, that the forward sellers are unable to borrow and deliver to the underwriters any such shares of common stock, or the forward sellers are unable to borrow and deliver to the underwriters any such shares at a stock loan rate not greater than a specified rate, Sempra Energy will issue and sell to the underwriters a number of shares of common stock equal to the number of shares that the forward sellers did not deliver. Sempra Energy will not initially receive any proceeds from the sale of common stock sold by the forward sellers to the underwriters. Instead, subject to its right to elect cash settlement or net share settlement subject to certain conditions, Sempra Energy intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by Sempra Energy occurring no later than Dec. 15, 2019, an aggregate of 23,364,486 shares of its common stock to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price per share, which will initially be equal to the public offering price per share in the common stock offering, less underwriting discounts and commissions, as subsequently adjusted as provided in the forward sale agreements. Each share of Mandatory Convertible Preferred Stock will be issued with a liquidation preference of $100 per share. Unless earlier converted or redeemed, each share of Mandatory Convertible Preferred Stock will automatically convert into a variable number of shares of Sempra Energy's common stock on the mandatory conversion date, which is expected to be Jan. 15, 2021. The number of shares of Sempra Energy's common stock issuable on mandatory conversion will be determined based on the average volume-weighted average price of Sempra Energy's common stock over the 20-trading day period commencing on and including the 21st scheduled trading day prior to Jan. 15, 2021. Dividends on the shares of Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by Sempra Energy's board of directors, at an annual rate of 6 percent on the liquidation preference of $100 per share. The dividends may be paid in cash or, subject to certain limitations, in shares of Sempra Energy common stock or, at Sempra Energy's election, any combination of cash and shares of common stock on Jan. 15, April 15, July 15 and Oct. 15 of each year, commencing on April 15, 2018, and to, and including, Jan. 15, 2021. The offerings are being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Each offering is being made only by means of a prospectus supplement relating to such offering and the accompanying base prospectus, copies of which may be obtained by contacting the representatives of the underwriters using the information provided below under "Underwriter Contact Information." An electronic copy of each final prospectus supplement, together with the accompanying prospectus, will be available on the SEC's website, www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Such forward-looking statements include, among other things, statements related to Sempra Energy's expectations regarding the completion and timing of its public offerings, the expected physical settlement of the forward sale agreements, and use of proceeds. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the impact of current global economic, credit and market conditions and the satisfaction of customary closing conditions related to the offerings, as well as risks and uncertainties associated with our business in general, including, actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of changes in the tax code as a result of recent federal tax reform and uncertainty as to how certain of those changes may be applied; actions by credit rating agencies to downgrade credit ratings of us or our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. Additional forward-looking statements include, but are not limited to, statements about the completion of the merger and the expected financing plans for the merger, and other statements that are not historical facts. Additional factors that could cause actual results and future actions to differ materially from those described in any such forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction or be onerous to Sempra Energy; the risk that a condition to closing of the merger may not be satisfied; the risk that the transaction may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected; the risk that Sempra Energy may be unable to obtain the external financing necessary to pay the consideration and expenses related to the merger on terms favorable to Sempra Energy, if at all; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention to merger-related issues; and related legal, accounting and other costs, whether or not the merger is completed; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new required regulatory capital structure, or because any of the three major credit rating agencies rates its senior secured debt securities below BBB (or its equivalent) or its independent directors determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the prospectus supplement and accompanying prospectus for each offering and in the reports that Sempra Energy has filed with the SEC that are incorporated by reference therein. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. UNDERWRITER CONTACT INFORMATION Morgan Stanley & Co. LLC180 Varick St, 2 nd Floor, New York, New York 10014Attn: Prospectus Department RBC Capital Markets, LLC200 Vesey Street, 8th FloorNew York, NY 10281-8098Attn: Equity SyndicateToll-free: (877) 822-4098 equityprospectus@rbccm.com Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue, Edgewood, NY 11717 Attn: Prospectus Department Toll-free: 1-888-603-5847 barclaysprospectus@broadridge.com SOURCE Sempra Energy
SoCalGas Works to Develop New Technology that Makes Carbon Fiber During Hydrogen Production
LOS ANGELES, Jan. 4, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it is partnering with a development team to advance a new process that converts natural gas to hydrogen, carbon fiber, and carbon nanotubes. The low-emission process, selected for funding by the U.S. Department of Energy's (DOE) Fuel Cell Technologies Office (FCTO) within the Office of Energy Efficiency and Renewable Energy (EERE), will create both hydrogen that can be used in fuel cell vehicles and industrial processes, as well as carbon fiber used in applications from medical devices and aerospace structures to building products. The goal of the partnership, led by C4-MCP, LLC (C4), a Santa Monica-based technology start-up, is to offset the hydrogen production expense with the sales of the carbon fiber and carbon nanotubes, reducing the hydrogen's net cost to under $2 per kilogram, thus helping make hydrogen fueled cars and trucks cost-competitive with conventional gasoline and diesel vehicles. In addition, this technology will virtually eliminate CO 2 emissions from the methane-to-hydrogen process. These efforts support FCTO's focus on early stage research and development to enable innovations to be demonstrated and to help guide further early stage research strategy. The technology commercialization team includes SoCalGas, C4, Pacific Northwest National Laboratory (PNNL), a U.S. Department of Energy national laboratory located in Richland, Washington, and West Virginia University ( WVU). As a result of the DOE selection, the team will negotiate a cooperative research and development agreement (CRADA) consisting of $375,000 in prior year DOE funding and a $375,000 co-funding contribution from C4 and SoCalGas. The CRADA will fund PNNL and WVU to develop the technology. "This technology takes methane, turns it into a zero-emission automotive fuel—hydrogen—then uses the carbon captured in the process to make the strongest possible materials to be used in high-tech manufacturing," said Yuri Freedman, SoCalGas senior director of market development. "Further advances in development of this technology will bring about a unique and potentially revolutionary combination of environmental, manufacturing, and economic benefits." "The research will lead to transformative advancement in science and engineering, in addressing not only climate change issues but also energy inefficiency issues in natural gas conversion to value-added products," said WVU Statler Chair Engineering Professor John Hu. " WVU will work closely with the team to carry out laboratory research in developing the catalyst and process for the conversion of natural gas to crystalline carbon and hydrogen." "We are excited to study in more detail and further develop the catalytic process, understand the characteristics of the carbon that is produced, and to help figure out how to economically scale up the process for commercial implementation," said PNNL project manager Robert Dagle. "PNNL will also perform a techno-economic analysis for the process to be developed. Since the precursor for making carbon fiber today is expensive, it is intriguing to think about starting with natural gas and consider the carbon product possibilities." "We are very pleased to be working with SoCalGas, PNNL, WVU, and DOE to commercialize these exciting and leading-edge carbon-to-value technologies," said Jim McDermott executive chairman of C4-MCP. "As the world strives to find new and innovative ways to simultaneously grow and lower CO2 emissions, working with SoCalGas and the national labs is both an honor and privilege." While carbon fiber and its uses are well-known, carbon nanotubes (CNTs) are viewed as a big leap forward in materials science and engineering because they have tensile strength and stiffness many times that of carbon fiber. The global CNT market was estimated at approximately $3.5 billion in 2016 and is expected to increase to $8.7 billion by 2022 with robust growth rates over 17 percent annually, according to experts at SoCalGas. The partnership will develop an advanced methane reforming process based on a new catalyst used to make CNTs, recently discovered by Hu. The new catalyst system promotes "base growth" carbon nanotube formation rather than "tip growth," the current technology. Base growth formation enables the catalyst to regenerate while also creating a highly pure and crystalline carbon product. In addition, the reaction conditions can be optimized to tune the diameter and length of the CNTs produced. The new catalyst and technique will be further developed and evaluated at both West Virginia University and Pacific Northwest National Laboratory. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company has committed to spending $6 billion over the next five years to modernize and upgrade its gas infrastructure, while also reducing methane emissions. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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 C4Headquartered in Santa Monica, California, C4-MCP, LLC is a wholly owned subsidiary of C4 Composites (C4). C4 is creating the carbon-to-value economy, transforming atmospheric CO2 into "carbon negative" and price competitive materials, chemicals and fuels. In addition to early-stage commercialization, C4 is a developer of scaled industrial facilities that integrate individual carbon-to-value technologies into cohesive solutions. For more information contact Jim McDermott at (310) 383-2518 or jim.mcdermott@c4composites.com. About PNNLInterdisciplinary teams at Pacific Northwest National Laboratory address many of America's most pressing issues in energy, the environment and national security through advances in basic and applied science. Founded in 1965, PNNL employs 4,400 staff and has an annual budget of nearly $1 billion. It is managed and operated by Battelle for the U.S. Department of Energy's Office of Science. As the single largest supporter of basic research in the physical sciences in the United States, the Office of Science is working to address some of the most pressing challenges of our time. For more information on PNNL, visit the PNNL News Center, or follow PNNL on Facebook, Google+, Instagram, LinkedIn and Twitter. About WVU West Virginia University, founded in 1867, has a long and rich history as a land-grant university. In 1862, President Abraham Lincoln signed the Morrill Act, offering land grants of 30,000 acres of federally owned land to each state that agreed to establish a college to teach agriculture and the "mechanic arts" (engineering). WVU ranks nationally for prestigious scholarships: 25 Rhodes Scholars, 22 Truman Scholars, 44 Goldwater Scholars, 2 George C. Marshall (British) Scholars, 5 Morris K. Udall Scholars, 5 USA Today All- USA College Academic First Team Members (and 11 academic team honorees), 22 Boren Scholars, 36 Gilman Scholars, 49 Fulbright Scholars, 3 Department of Homeland Security Scholars, 28 Critical Language Scholars, one Jack Kent Cooke Foundation Graduate Scholar, 5 National Institute of Standards and Technology Fellowships and 4 National Science Foundation Graduate Research Fellowships. SOURCE Southern California Gas Company
Sempra Energy Announces Proposed Public Offerings Of Common Stock And Mandatory Convertible Preferred Stock
SAN DIEGO, Jan. 2, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it is commencing concurrent offerings (the equity offerings) of $2.5 billion of shares of its common stock in connection with the forward sale agreements described below and $1.5 billion of shares of its Mandatory Convertible Preferred Stock, Series A, each in a separate registered public offering, subject to market and other conditions. These offerings are being made by means of separate prospectus supplements and are not contingent on each other or upon the consummation of Sempra Energy's pending acquisition (the merger) of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximately 80-percent ownership of Oncor Electric Delivery Company LLC (Oncor). Sempra Energy expects to use the net proceeds from these offerings and the related sale of shares of its common stock pursuant to the forward sale agreements referred to below, together with the net proceeds from planned future debt financings, which may include the issuance of its debt securities, commercial paper supported by its revolving credit facilities and borrowings under its revolving credit facilities, to finance the merger and related costs and expenses or, in the case of any proceeds received from settlements under the forward sale agreements that occur after the closing of the proposed merger, to repay indebtedness incurred to finance a portion of the cost of the merger and related costs and expenses. If for any reason the merger is not completed on or prior to Dec. 1, 2018, or the related merger agreement is terminated on or prior to that date, then Sempra Energy expects to use the net proceeds from the equity offerings for general corporate purposes, which may include, in Sempra Energy's sole discretion, the voluntary redemption of the Mandatory Convertible Preferred Stock, debt repayment, including repayment of commercial paper, capital expenditures, investments and possibly repurchases of its common stock at the discretion of its board of directors. Sempra Energy intends to grant the underwriters in the respective equity offerings the option to purchase directly from Sempra Energy up to an additional $375 million of shares of its common stock and up to an additional $225 million of shares of its Mandatory Convertible Preferred Stock. Morgan Stanley, RBC Capital Markets and Barclays are acting as joint bookrunners of the equity offerings and representatives of the underwriters. In connection with the common stock offering, Sempra Energy expects to enter into forward sale agreements with each of Morgan Stanley & Co. LLC, an affiliate of RBC Capital Markets, LLC and an affiliate of Barclays Capital Inc. (in such capacity, the forward purchasers) with respect to $2.5 billion of shares of its common stock. In connection with the forward sale agreements, the forward purchasers or their affiliates (in such capacity, the forward sellers) are expected to borrow from third parties and sell to the underwriters of the common stock offering for resale by such underwriters in such offering, an aggregate of $2.5 billion of shares of the common stock. If, however, the forward purchasers determine in good faith, after using commercially reasonable efforts, that the forward sellers are unable to borrow and deliver to the underwriters any such shares of common stock, or the forward sellers are unable to borrow and deliver to the underwriters any such shares at a stock loan rate not greater than a specified rate, Sempra Energy will issue and sell to the underwriters a number of shares of common stock equal to the number of shares that the forward sellers did not deliver. Sempra Energy will not initially receive any proceeds from the sale of common stock sold by the forward sellers to the underwriters. Instead, subject to its right to elect cash settlement or net share settlement subject to certain conditions, Sempra Energy intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by Sempra Energy occurring no later than Dec. 15, 2019, an aggregate of $2.5 billion of shares of its common stock to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price per share, which will initially be equal to the public offering price per share in the common stock offering, less underwriting discounts and commissions, as subsequently adjusted as provided in the forward sale agreements. Each share of Mandatory Convertible Preferred Stock is expected to have a liquidation preference of $100 per share. Unless earlier converted or redeemed, each share of Mandatory Convertible Preferred Stock will automatically convert into a variable number of shares of Sempra Energy's common stock on the mandatory conversion date, which is expected to be Jan. 15, 2021. The number of shares of Sempra Energy's common stock issuable on mandatory conversion will be determined based on the average volume-weighted average price of Sempra Energy's common stock over the 20-trading day period commencing on and including the 21st scheduled trading day prior to Jan. 15, 2021. The dividend rate and the conversion terms of the Mandatory Convertible Preferred Stock will be determined by negotiations among Sempra Energy and the underwriters. The offerings are being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Each offering will be made only by means of a prospectus supplement relating to such offering and the accompanying base prospectus, copies of which may be obtained by contacting the representatives of the underwriters using the information provided below under "Underwriter Contact Information." An electronic copy of each preliminary prospectus supplement, together with the accompanying prospectus, also is available on the SEC's website, www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Such forward-looking statements include, among other things, statements related to Sempra Energy's expectations regarding the completion, timing and sizing of its proposed public offerings, its expectations with respect to granting the underwriters options to purchase additional shares, the expected physical settlement of the forward sale agreements, and use of proceeds. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the impact of current global economic, credit and market conditions and the satisfaction of customary closing conditions related to the proposed offerings, as well as risks and uncertainties associated with our business in general, including, actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of changes in the tax code as a result of recent federal tax reform and uncertainty as to how certain of those changes may be applied; actions by rating agencies to downgrade credit ratings of us or our subsidiaries or to place these ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. Additional forward-looking statements include, but are not limited to, statements about the completion of the merger and the expected financing plans for the merger, and other statements that are not historical facts. Additional factors that could cause actual results and future actions to differ materially from those described in any such forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction or be onerous to Sempra Energy; the risk that a condition to closing of the merger may not be satisfied; the risk that the transaction may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected; the risk that Sempra Energy may be unable to obtain the external financing necessary to pay the consideration and expenses related to the merger on terms favorable to Sempra Energy, if at all; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention to merger-related issues; and related legal, accounting and other costs, whether or not the merger is completed; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new required regulatory capital structure, or because any of the three major credit rating agencies rates its senior secured debt securities below BBB (or its equivalent) or its independent directors determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the prospectus supplement and accompanying prospectus for each offering and in the reports that Sempra Energy has filed with the SEC that are incorporated by reference therein. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. UNDERWRITER CONTACT INFORMATION Morgan Stanley & Co. LLC RBC Capital Markets, LLC 180 Varick St, 2 nd Floor, 200 Vesey Street, 8th Floor New York, New York 10014 New York, NY 10281-8098 Attn: Prospectus Department Attn: Equity Syndicate Toll-free: (877) 822-4098 equityprospectus@rbccm.com Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue, Edgewood, NY 11717 Attn: Prospectus Department Toll-free: 1-888-603-5847 barclaysprospectus@broadridge.com SOURCE Sempra Energy
Additional Texas Stakeholders Join Oncor-Sempra Energy Settlement Agreement
SAN DIEGO and DALLAS, Dec. 27, 2017 /PRNewswire/ -- Oncor Electric Delivery Company, LLC (Oncor) and Sempra Energy (NYSE: SRE) today announced that The Alliance for Retail Markets and the Texas Energy Association for Marketers joined a settlement agreement for Sempra Energy's pending acquisition of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximate 80-percent ownership of Oncor. The Alliance for Retail Markets and the Texas Energy Association for Marketers joined the settlement announced Dec. 14 with Staff of the Public Utility Commission of Texas (PUCT), the Office of the Public Utility Counsel, Steering Committee of Cities Served by Oncor, and Texas Industrial Energy Consumers. The six settling parties have agreed that the acquisition is in the public interest, meets Texas statutory standards, and will bring substantial benefits. The parties to the agreement will ask the PUCT to approve the acquisition, consistent with the governance, regulatory and operating commitments in the settlement agreement. This settlement agreement marks a significant step forward for Sempra Energy's proposed acquisition. Sempra Energy and Oncor are continuing settlement discussions with additional stakeholders. On Aug. 21, Sempra Energy entered into an agreement to acquire EFH. In September, the U.S. Bankruptcy Court for the District of Delaware approved EFH's entry into the merger agreement with Sempra Energy and, in October, Sempra Energy and Oncor filed a joint Change-in-Control application with the PUCT. On Oct. 16, the PUCT set a procedural schedule to complete a review of the joint application by early April 2018, with a proposed February 2018 hearing date. On Dec. 12, the Federal Energy Regulatory Commission issued an order authorizing Sempra Energy's acquisition of EFH, subject to customary conditions. The EFH transaction closing remains subject to further approvals by the U.S. Bankruptcy Court and the PUCT, among other approvals and closing conditions. Headquartered in Dallas, Oncor is a regulated electric transmission and distribution service provider, made up of approximately 134,000 miles of lines and more than 3.4 million advanced meters, making it the largest utility in Texas. Using cutting-edge technology, more than 3,900 employees work to safely maintain reliable electric delivery service to over 10 million Texans. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the proposed Merger, including future financial or operating results of Sempra Energy or Oncor, Sempra Energy's, EFH's or Oncor's plans, objectives, expectations or intentions, the expected timing of completion of the transaction, the anticipated improvement in credit ratings of Oncor, and other statements that are not historical facts. Important factors that could cause actual results to differ materially from those indicated by any such forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction or be onerous to Sempra Energy; the risk that a condition to closing of the merger may not be satisfied; the risk that the transaction may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected; the risk that Sempra Energy may be unable to obtain the external financing necessary to pay the consideration and expenses related to the merger on terms favorable to Sempra Energy, if at all; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention to merger-related issues; and related legal, accounting and other costs, whether or not the merger is completed. Additional factors, among others, that could cause actual results and future actions to differ materially from those described in forward-looking statements include: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; changes in the tax code as a result of recent federal tax reform, uncertainty as to when associated regulations will be enacted and how they would be applied; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; 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. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Completes Major Project to Modernize Natural Gas Pipeline on Sepulveda Boulevard in Los Angeles One Month Ahead of Schedule
LOS ANGELES, December 21, 2017 – Southern California Gas Co. (SoCalGas) announced it has safely completed a three-year, $83 million project to modernize a major natural gas pipeline along a well-traveled section of Sepulveda Boulevard in Los Angeles, one month ahead of schedule. The project is part of SoCalGas Pipeline Safety Enhancement Plan (PSEP), a multi-billion-dollar program that tests and updates the natural gas pipeline infrastructure in Southern California. “Our natural gas system pipelines are the arteries that keep affordable and clean energy flowing to hospitals, schools, power plants, homes and businesses throughout Southern California,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “SoCalGas is committed to modernizing our natural gas system so that we can continue to provide every Southern Californian with the affordable and clean energy they deserve.” The PSEP project along Sepulveda Blvd. began in August 2014 at the intersection of South Sepulveda Boulevard and Tennessee Avenue. Over the past three years, 3.4 miles of brand-new natural gas pipeline was installed from Tennessee Avenue north to the intersection with Casiano Road, near Interstate 405, as shown in this link. More than 90 percent of homes in this region use natural gas for heat and hot water, and about 60 percent of all electricity generated in California is made by natural gas-fired power plants. Natural gas pipelines deliver natural gas to homes, businesses, power plants and other critical facilities throughout Southern California. Since the PSEP program began in 2013, SoCalGas has conducted hydrotests on 87 miles of pipeline, installed 64 miles of new pipe and installed or upgraded 114 valves throughout its service territory. SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company has committed to spending $6 billion over the next five years to modernize and upgrade its gas infrastructure, while also reducing methane emissions. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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. # # #

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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).