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Displaying results 1201 - 1206 of 1206
Study Finds $2.5 Billion Positive Impact of Sempra Renewables Solar Complex On Nevada Economy
SAN DIEGO, April 12, 2017 – Sempra Renewables, a subsidiary of Sempra Energy, today announced that a study conducted by the University of Nevada, Reno’s Center for Regional Studies and the University Center for Economic Development, College of Business and Ekay Economic Consultants, has determined the company’s Copper Mountain Solar complex outside Boulder City, Nev., will produce more than $2.5 billion in economic benefit to the region’s economy over a 26-year period. Comprised of four solar installations, the Copper Mountain Solar complex is one of the nation’s largest photovoltaic (PV) facilities generating more than 550 megawatts (MW) of renewable energy, making Nevada a national leader in solar generation. “Nevada has been a wonderful partner for us in developing clean energy for the west,” said Kevin C. Sagara, president of Sempra Renewables. “This study validates the long-term economic benefits and additional new sources of revenue our project will deliver to the state and local governments.” The study estimated the impact on the Nevada economy in terms of growth in business revenues and employment, as well as public sector revenues received by all entities impacted by the project. According to the study, the Nevada economy received a one-time impact of $2 billion associated with the construction of the complex and will benefit from approximately $22.8 million per year positive impact for the life of the project’s operations. In terms of public sector revenues, Boulder City, home of the Copper Mountain Complex, will receive an estimated $201.6 million in net revenues during the 26-year project period. Clark County will receive an estimated $34.6 million in revenues from initial construction through operations over a 26-year period. Approximately $106.3 million in revenues will spread across various public government branches in Nevada. “Sempra Renewables has shown great leadership in developing the Copper Mountain Solar complex and helped make Nevada a national leader in solar generation,” said Nev. Gov. Brian Sandoval. “Sempra’s success is a prime example of merging Nevada’s unlimited renewable energy resources with successful operations and exportation of clean energy. Nevada is proud to celebrate in the achievements of a thriving company that continues to provide significant economic benefits to local and state government.” Sempra Renewables began developing the Copper Mountain Solar complex in 2008, completing the fourth phase of the project in 2016. During construction, an estimated 800 high-paying jobs were created. Today, 16 full-time employees work at the complex. The study also confirmed that operations only minimally impact three critical aspects of Nevada’s geography and climate: power, water and air quality. “When you see successful leadership, good policy and economic development with little or no additional costs to the state or local governments, renewable energy projects such as Copper Mountain Solar make great economic, fiscal, social and political sense for Nevada,” said Richard Bartholet, research assistant of the University Center for Economic Development. “The impacts outlined in this study demonstrate that renewable energy is a viable industry for the state of Nevada.” Sempra Renewables is a leading U.S. developer of renewable energy. Together with its partners, the company owns and operates nearly 2,400 megawatts of renewable capacity. Sempra Renewables is a subsidiary of Sempra Energy (NYSE:SRE), a Fortune 500 energy services holding company based in San Diego with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide.
Sempra Energy's IEnova Unit To Report First-Quarter 2017 Earnings April 25
SAN DIEGO, April 12, 2017 /PRNewswire/ -- Sempra Energy's Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), will announce its first-quarter 2017 earnings at 7 p.m. EDT, April 25. IEnova executives will conduct a conference call at 11 a.m. EDT, April 26. Investors, media, analysts and the general public may listen to a live webcast of the conference call at IEnova's website, www.ienova.com.mx, by clicking on the appropriate audio link. For those unable to obtain access to the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing 001-855-859-2056 and entering passcode 8854 2014#. Briefing materials will be posted on IEnova's website by 7 p.m. EDT, April 25. IEnova develops, builds and operates energy infrastructure in Mexico. As of 2016, the company has invested more than US$7 billion in operating assets and projects under construction in Mexico, making it one of the largest private energy companies in the country. IEnova is the first energy infrastructure company to be listed in the Mexican Stock Exchange. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and IEnova are not the same as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Begins Pipeline Safety Work in City of Ontario
LOS ANGELES, April 7, 2017 – Southern California Gas Co. (SoCalGas) today announced that it will begin a pipeline valve enhancement project on a natural gas line in the city of Ontario on April 10. The work will allow the flow of natural gas in the pipeline to be controlled automatically or remotely. These efforts are part of SoCalGas’ Pipeline Safety Enhancement Plan, a multi-billion-dollar program that tests and/or updates the natural gas pipeline infrastructure in Southern California. “Ensuring the integrity of our pipeline system is critical to delivering the safe and reliable natural gas service our customers count on,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “Replacing the valves on this section of pipeline will enhance the reliability of service for thousands of residential and commercial customers as well as for critical facilities, including several hospitals.” SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. Earlier this year, SoCalGas announced that it will upgrade or replace 50 to 60 pipeline valves in 2017 to further enhance the safety of its system. The upgraded valves will feature the latest technology that allow operators to control the valves from a remote location, or that automatically shut off the valve if a drop in pressure is detected. The new valves will allow gas control operators to respond more quickly if gas flow needs to be shut off in an emergency. To download an image of the enhanced pipeline valve, click here. Work will start at 7 a.m. on April 10 beginning at the intersection of Etiwanda Avenue and Fourth Street in the city of Ontario. Construction will continue for three months, weather and others factors permitting. During the three-month construction project, southbound lanes on Etiwanda Avenue beginning south of the intersection of Etiwanda Avenue and Fourth Street will be reduced by concrete traffic barriers to one lane. In addition, the lane closures will be marked by traffic signs and flagmen will direct traffic, as needed. Customers are not anticipated to experience any service interruptions. Some residents and local business owners may occasionally smell the odorant in natural gas and may also hear some work-related noise. During work hours, commuters passing by the work site may see excavation, equipment and vehicles. Drivers should adhere to all traffic safety measures while driving past the construction zone, including slowing down and proceeding with caution. SoCalGas’ highest priority is the safety of its employees, customers and the communities it serves. Reflecting that commitment to safety, SoCalGas constructs, operates and maintains its pipeline system to meet or exceed all applicable federal and state regulations and requirements. Residents with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe and reliable natural gas to its customers for more than 145 years. It is the nation’s largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company’s service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
SoCalGas Begins Pipeline Safety Enhancement Work Near LAX
LOS ANGELES, April 7, 2017 – Southern California Gas Co. (SoCalGas) today announced that on April 10 it will begin a six-month pipeline valve enhancement project on a natural gas line near Aviation Boulevard and 104th Street in Los Angeles. The work will allow the flow of natural gas in the pipeline to be controlled automatically or remotely. These efforts are part of SoCalGas’ Pipeline Safety Enhancement Plan, a multi-billion-dollar program that tests and/or updates the natural gas pipeline infrastructure in Southern California. “Enhancing the integrity of our pipeline system is critical to delivering the safe and reliable natural gas service our customers rely on,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “Replacing the valves on this section of pipeline will help maintain reliable service to thousands of residential and commercial customers in Los Angeles, including universities, schools and hospitals.” Earlier this year, SoCalGas announced that it will upgrade or replace 50 to 60 pipeline valves in 2017 to further enhance the safety of its system. To download an image or to stream a video of the enhanced valves, click here. SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. The Aviation Boulevard pipeline serves all customers in the Los Angeles basin, particularly businesses and homes in West Los Angeles. The project will require the following planned traffic closures: • A segment of 104th Street east of Aviation Boulevard will be closed for the duration of the project. • Aviation Boulevard will be reduced to one lane in each direction from 9 p.m. to 6 a.m. for approximately 4 to 6 weeks during construction. • One northbound and one southbound lane will be open on Aviation Boulevard at all times. • All lanes on Aviation Boulevard will reopen each morning at 6 a.m. Planned work hours for the first 21 weeks of the project will be 7 a.m. to 4 p.m. Monday through Friday. Day work will be limited to construction on 104th Street. For approximately 4 to 6 weeks of this 21-week period, work will be conducted intermittently at night from 9 p.m. to 6 a.m. Monday through Saturday. The night work will focus on construction on Aviation Boulevard. After the first 21 weeks, work hours for the remainder of this project will be 7 a.m. to 4 p.m. Monday through Friday. SoCalGas may extend work hours as necessary. It is not anticipated that customers will experience any service interruptions. Some residents and local business owners may occasionally smell the odorant in natural gas and may also hear some work-related noise. During work hours, commuters passing by the work site may see excavation, equipment and vehicles. SoCalGas’ highest priority is the safety of its employees, customers and the communities it serves. Reflecting that commitment to safety, SoCalGas constructs, operates and maintains its pipeline system to meet or exceed all applicable federal and state regulations and requirements. Residents with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. About Southern California Gas Co. Southern California Gas Co. (SoCalGas) has been delivering clean, safe and reliable natural gas to its customers for more than 145 years. It is the nation’s largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company’s service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego.
Sempra Energy Updates Financial Outlook At 2017 Analyst Conference
SAN DIEGO, April 5, 2017 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today updated its financial outlook in advance of its 2017 financial analyst conference in San Diego. During a live webcast at 12 p.m. EDT today, Sempra Energy's management team will outline the company's strategic initiatives and disclose a projected long-term compound annual earnings-per-share (EPS) growth rate of 10 percent to 11 percent from 2017 through 2021. Also today, Sempra Energy reaffirmed its 2017 earnings-per-share guidance range of $4.85 to $5.25 and set its 2018 earnings-per-share guidance range at $5.30 to $5.80. Over the next five years, the company expects to invest approximately $14.2 billion in its utility and energy infrastructure businesses. At today's conference, Sempra Energy's management team will detail capital-expenditure plans and forecasted earnings by individual business segments. The live webcast and presentation slides will be available on the investor's section of Sempra Energy's website at www.sempra.com. A replay of the conference will be available on the website within 24 hours after the conference. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in forward-looking statements include: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; changes in the tax code as a result of potential federal tax reform, such as the elimination of the deduction for interest and non-deductibility of all, or a portion of, the cost of imported materials, equipment and commodities; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to favorable international trade agreements, and changes that make our exports less competitive or otherwise restrict our ability to export; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on the company's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and IEnova are not the same as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. [SRE-F] SOURCE Sempra Energy
SDG&E Reports Highest Level Of Diverse Business Enterprise Spending In Company History
SAN DIEGO, April 3, 2017 /PRNewswire/ -- In March, San Diego Gas & Electric (SDG&E) reported that the company achieved the highest level of spending with diverse businesses in the company's history. In 2016, SDG&E purchased 43 percent, or nearly $619 million, of goods and services from diverse suppliers. This also marks the fourth consecutive year that SDG&E's supplier diversity spending surpassed 40 percent, far exceeding the California Public Utilities Commission's goal of 21.5 percent. The company's supplier diversity efforts are a cornerstone of SDG&E's efforts to create a culture that promotes different perspectives, backgrounds and experiences in an inclusive and respectful manner. Diverse Business Enterprises (DBE) includes women, minority, service-disabled veteran, and lesbian, gay, bisexual, transgender owned businesses. "We believe this culture not only produces better business decisions, it represents our customers, suppliers, and the communities we serve," said Denita Willoughby, SDG&E's vice president, supply management & logistics. "Every supplier must align with our mission, to improve our communities, by creating value through helping us reduce costs, drive innovation, reduce risk, and improve safety." SDG&E believes that partnering with diverse businesses – creating more opportunities for them to grow and thrive – is driving the community's economy and generating new jobs. DBE-certified businesses have played a key role in advancing SDG&E efforts to build the cleanest, safest, most reliable energy company in America. 2016 Highlights include: The Fire Risk Mitigation Project (FiRM) improves reliability and integrity of the electric system in fire-prone areas. The FiRM project included a more than 77 percent DBE spend. SDG&E's San Luis Rey Synchronous Condenser Project added two large condensers at the San Luis Rey Substation to increase reliability and improve stability of the power grid. This project posted exceptional results of 62.5 percent in DBE spend. The Pipeline Safety Enhancement Plan (PSEP) program, which pressure tests pipeline sections and upgrades, and replaces or retrofits pipe and valves as needed, achieved 39.7 percent DBE spend. This program ensures customers, employees and communities have safe, reliable natural gas for their homes and businesses. Read more about SDG&E's 2016 Annual report to learn more about the SDG&E's supplier diversity program and 2016 results. SDG&E is an innovative San Diego-based energy company that provides safe, reliable, clean energy to better the lives of the people it serves in San Diego and southern Orange counties. More than 4,000 employees work to provide the most reliable and clean energy in the West. The company has been recognized by the U.S. Environmental Protection Agency for leadership in addressing climate change, was the first to meet California's goal of delivering 33 percent of energy from renewable sources, has fueled the adoption of electric vehicles and energy efficiency through unique customer programs, and supports a number of non-profit partners. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook. SOURCE San Diego Gas & Electric (SDG&E)

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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).