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Displaying results 391 - 405 of 1206
SoCalGas Supports STEM Education in Underserved Communities with $100,000 Scholarship Donation to the Greater Los Angeles African American Chamber
GLAAACC Honors SoCalGas Sr. Vice President Jeffery Walker as Corporate Executive of the Year for his Commitment to the Community and Creating Pathways for Student Success LOS ANGELES, May 20, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) last night announced a $100,000 donation to the Greater Los Angeles African American Chamber of Commerce (GLAAACC) Education Fund & Foundation for STEM scholarships. The announcement came during GLAAACC's 28 th Annual Economic Awards Dinner, where SoCalGas Senior Vice President and Chief Administrative and Diversity Officer, Jeffery Walker, was honored as the Corporate Executive of the Year. GLAAACC Education Fund & Foundation scholarships are awarded to students from Crenshaw, Dorsey, Jordan, Hamilton, and Washington Prep high schools who plan to pursue a post-secondary education. "SoCalGas is an exemplary corporate citizen and community champion. With this donation for scholarships, our students will have the financial support to follow their dreams and careers in business. Jeffery Walker is an example and role model because of his outstanding achievements at the nation's largest natural gas company, SoCalGas," said Gene Hale, GLAAACC's chairman, adding "He has helped lead as SoCalGas creates pathways for underserved small businesses that have not traditionally had access to opportunities." "It is my pleasure to congratulate SoCalGas's Senior VP Jeff Walker for his achievement as Corporate Executive of the Year," said Los Angeles City Councilmember Curren D. Price, Jr., who was also honored at the event. "SoCalGas has shown corporate leadership by investing in our communities and our youth, which is exemplified by their generous donation to the GLAAACC Foundation." "At SoCalGas we have supported STEM education through our company giving. This partnership with the GLAAACC Fund & Foundation will help reach more local students who want to pursue careers in STEM. SoCalGas has donated over $2.9 million in academic scholarships to more than 2,270 students and last year, we provided nearly $1.8 million in grants to educational organizations in Central and Southern California," said Jeffery Walker, adding "We made a commitment to increase African American supplier participation and growth, and this past year we increased our supplier spend with African American vendors by 49%. This is due in part to efforts with organizations such as GLAAACC, which SoCalGas has been a member of for over two decades." SoCalGas' partnership with the GLAAACC Fund & Foundation is part of the company's ASPIRE 2045 sustainability goals, which includes a commitment to invest $50 million to drive positive change in diverse and underserved communities over the next five years. Walker was selected as Corporate Executive of the Year for championing supplier diversity and his leadership at SoGalGas. He serves on the board of several nonprofit organizations, including Martin Luther King Jr. Community Health Foundation, Chrysalis, the National Utilities Diversity Council (NUDC), and the American Association of Blacks in Energy (AABE). In 2021, the company's Supplier Diversity Program spent a record $972.6 million with over 570 women, minority, service-disabled veteran, and LGBT businesses. It was the 29 th consecutive year that SoCalGas exceeded state regulator's goals for supplier diversity programs. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
SoCalGas Declares Preferred Dividends
LOS ANGELES, May 18, 2022 /PRNewswire/ -- The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on July 15, 2022, to shareholders of record on June 10, 2022. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the two goals of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Contact us
Sempra corporate headquarters 488 8th Ave. San Diego, CA 92101 (619) 696-2000 Additional contacts Media Relations: (877) 340-8875 | media@sempra.com Corporate Security: (619) 696-2017 Diversity Affairs: (619) 696-4160 Supplier Diversity: (619) 696-2000 Investor Relations: (619) 696-2901 MORE INVESTOR INFORMATION Contact our operating companies San Diego Gas & Electric Co. 8326 Century Park San Diego, CA 92123-4150 Toll-free (800) 411-SDGE (7343) SDGE.COM Southern California Gas Co. City National 2Cal 350 S Grand Ave, Los Angeles, CA 90071 Toll-free (800) 427-2200 SOCALGAS.COM Sempra Infrastructure 488 8th Ave. San Diego, CA 92101 info@sempralng.com SEMPRAINFRASTRUCTURE.COM
Sempra helps strengthen energy security in Poland
Liquefied Natural Gas (LNG), and affordable clean energy part of global demands being met by energy transition company, Sempra
SDG&E Files Required Budget Proposal With Regulators, Seeks To Empower Clean Energy Future By Investing In Infrastructure Innovations
Safeguarding energy reliability against growing climate threats and building a clean energy future aligned with regional and state climate goals are the driving forces behind the 2024-2027 budget proposal that San Diego Gas & Electric filed yesterday with the California Public Utilities Commission (CPUC). Every four years, regulated utilities in the state are required to file what are formally known as general rate cases (GRC) outlining their capital investments and forecasted costs for operations and maintenance. (Download B Roll Here) In addition to maintaining high safety and reliability standards, SDG&E’s GRC also supports regional plans to reduce emissions, and the State of California’s goal to achieve carbon neutrality by 2045. “Average electric bills at our company are the lowest among California’s electric investor-owned utilities, but we also recognize this is a difficult time to ask our customers to pay more given the state of the economy and inflationary pressures and are mindful of every dollar that we ask our customers to pay. Given the changes in climate and the growing need for a clean energy future, this will ultimately result in improvements that create long-term benefits now and for future generations,” SDG&E President Bruce Folkmann said. “The budget proposal we put forth represents the conscientious efforts of hundreds of SDG&E employees to strike the right balance between holding down costs and making the infrastructure investments needed for a clean energy future.” According to a recent study conducted by SDG&E titled The Path to Net Zero: A Decarbonization Roadmap for California, electrification of buildings and vehicles is crucial for California to become carbon neutral. The analysis indicates electricity consumption in the state could nearly double by 2045. Meeting this increased demand will require a significant expansion of the power grid to both meet emissions reduction targets while also maintaining grid reliability. All general rate cases are open and transparent proceedings conducted before the CPUC, involving extensive comments from customers, stakeholders and public interest advocates. Major Investments Outlined in the Budget Proposal Expand, operate and maintain electric vehicle (EV) charging infrastructure throughout the region, given all passenger vehicle sales in California are required to be zero-emission by 2035, followed by the requirement that all medium and heavy-duty vehicle sales are to be zero-emission by 2045, where feasible. Modernize the electric grid with cutting-edge technology to enable the integration of significantly more solar and wind generation, residential and commercial-scale battery storage, EV charging, and customer transition from natural gas to electric appliances. Install more utility-scale battery systems at strategic locations to maximize the use of solar energy, which is often curtailed in the middle of the day because there is more supply than demand, and to support reliable service during periods of high energy demand, such as extremely hot summer days. Develop additional clean fuel sources, such as green hydrogen for transportation and electric generation with the goal of supporting greater electrification. Reduce wildfire risk and minimize Public Safety Power Shutoffs by hardening 590 miles of power lines between 2022 and 2024, either by burying them underground or insulating them. Cut the risk for power outages by adopting grid automation and remote sensing tools and replacing aging or failure-prone equipment, such as underground Tee connectors and corroded overhead switches. Give customers more control, access and insights into their energy usage by implementing the next generation of smart meters. Upgrade microgrids with zero-emissions energy resources (i.e., battery storage) to keep vulnerable communities and critical resources, such as healthcare and CALFIRE facilities, powered during Public Safety Power Shutoffs. Strengthen cybersecurity and technology infrastructure to address the risk of ever-changing security threats that could potentially disrupt business operations and place customer and employee health and safety at risk. These upgrades also will help secure customer data to meet stronger privacy regulations. Accelerate the replacement of aging plastic natural gas pipelines to improve safety and reliability and reduce methane emissions. If SDG&E’s rate case is approved as submitted, the average residential customer could expect a monthly electric bill increase of about $9 compared to 2023, and a monthly natural gas bill increase of about $9.60 compared to 2023. SDG&E anticipates the CPUC to make a decision on its GRC in about 18 months, with new rates taking effect Jan. 1, 2024. More information about SDG&E’s filing can be found at sdgeratesinfo.com. About SDG&E SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing energy infrastructure; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram ( @SDGE) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company’s (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including changes to certain of Mexico’s laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the ability to import, export, transport and store hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation, rulemaking and disclosures, as well as related goals set and actions taken by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Community Choice Aggregation and Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC’s (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor’s independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E’s and SoCalGas’ cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain current or potential counterparties, or impair our ability to resolve trade disputes; 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 has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. Only for SEC filings/Earnings: None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document.
SoCalGas Submits 2024-2027 Rate Request to Invest in Infrastructure Reliability and Resiliency, Furthering California's Clean Energy Goals
Company's Rate Request Submitted to California Public Utilities Commission LOS ANGELES, May 17, 2022 /PRNewswire/ -- To provide reliable and safe gas delivery to the company's 22 million residential and commercial consumers and to support a reliable, resilient and increasingly interdependent and clean gas and electric energy system, Southern California Gas Co. (SoCalGas ) submitted its 2024-2027 General Rate Case (GRC ) yesterday to the California Public Utilities Commission (CPUC ), as required by law. The application is SoCalGas ' forecast of infrastructure investments that support innovation as well as costs for essential operation and maintenance of the gas system and will support SoCalGas ' ongoing efforts to build the cleanest, safest and most innovative energy company in America. "SoCalGas files this GRC during a time of transformative change," said SoCalGas President Maryam Brown. "Events in California and around the world have shown us that maintaining the safety, reliability, and affordability of our local energy systems remain critically important. Our rate request is the blueprint for how we can continue to support safe, affordable and reliable energy while we invest to accelerate California's clean energy transition." Following a rigorous analysis of risks and needs, SoCalGas' general rate case filing is a projection of what it will cost the company to operate, maintain, and upgrade its system in 2024 to continue the safe and reliable delivery of energy to its customers. Rates for the subsequent three years will depend on formulas to be approved by the CPUC. If approved by the CPUC, the critical investments proposed in this rate request are estimated to increase average residential customer bills by approximately $8.60 per month in 2024 when compared to 2023. "Customers today face rising costs for many essentials they need, including energy, and there is never a good time to ask customers to pay more. Every dollar we ask customers to pay will result in long-term benefits for future generations," Brown said. "This proposal represents the conscientious efforts of hundreds of SoCalGas employees to find the balance between managing costs and making the infrastructure investments that are essential to California's clean energy future." According to the latest American Gas Association survey of peer companies, SoCalGas was among the lowest average gas bills in the nation. SoCalGas' 2024-2027 rate request includes investments in four key areas: maintaining and enhancing reliability and safety, supporting sustainability, and promoting innovation and technology to meet operational and customer needs and workforce development. Enhancing Safety and Reliability Safety and reliability are cornerstones of SoCalGas' business and operations. Approximately 97% of capital expenditures and the majority of operations and maintenance expenditures in the proposal would be dedicated to support safety, reliability, and maintenance measures. Major investments include: SoCalGas' Gas Integrity Management Programs, which identify, evaluate and reduce integrity risks for the gas system and the company's Safety Management System, a comprehensive system designed to protect employee and contractor safety, customer and public safety, and the safety of the Company's gas system . Championing Sustainability This rate request marks the first by SoCalGas to include sustainability, alongside safety and reliability, as one of the driving forces to support investments. This is consistent with SoCalGas' ASPIRE 2045 Sustainability Strategy. SoCalGas' ASPIRE 2045 Sustainability Strategy is a holistic and broad environmental, social, and governance strategy that includes SoCalGas' industry leading aspiration to achieve net-zero emissions by 2045. Brown continued, "ASPIRE 2045's success will require public policy support and alignment. It is designed to have, and is already having, a positive impact on the communities we serve and strengthening business outcomes that benefit both our customers and the energy infrastructure of the future." Accelerating the transition to increasingly cleaner energy will require investment in activities that produce immediate and near-term emissions reductions such as renewable natural gas and modernized electric fleets, and that also lay the groundwork for deeper systemwide decarbonization over the long-term (e.g., hydrogen pilots). Promoting Innovation and Technology SoCalGas' rate request promotes new innovations and technology to meet customers' evolving needs. Proposed investments to modernize the company's Customer Information System platform, for example, are aimed at improving the customer service experience. In addition, SoCalGas' proposal includes investments to maintain a strong cybersecurity program, a critical need today and going forward, to protect critical information and sensitive customer data. Developing our Workforce Skilled employees are essential to providing safe and reliable service to customers and for helping the company meet its sustainability goals. SoCalGas' employee training, workforce planning, and total rewards programs are structured to attract and maintain a high-performing workforce. General Rate Case Process SoCalGas and other investor-owned utilities in California file General Rate Case applications with the CPUC every four years. The CPUC oversees the proceedings, which include numerous regulatory and public hearings with testimony from ratepayer advocates, environmental groups, and others. The general rate request process is scheduled to take between 18 months and two years and is expected to conclude in late 2023. More information about SoCalGas' General Rate Request can be found at http://socalgas.com/rates. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including changes to certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the ability to import, export, transport and store hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation, rulemaking and disclosures, as well as related goals set and actions taken by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Community Choice Aggregation and Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E's and SoCalGas' cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain current or potential counterparties, or impair our ability to resolve trade disputes; 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 has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Sempra Infrastructure and PGNiG Advance North American LNG Alliance
Companies announce heads of agreement for off-take capacity from Cameron LNG Phase 2 and Port Arthur LNG Agreement contemplates continued development of a framework for greenhouse gas reduction, mitigation, and reporting MIĘDZYZDROJE, Poland, May 16, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and the Polish Oil & Gas Company (PGNiG) today announced they have entered into a heads of agreement (HOA) for the purchase of approximately 3 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) delivered free-on-board from Sempra Infrastructure's portfolio of LNG projects in North America. "Today's agreement underscores our commitment to help provide greater energy security to Poland and our global partners through long-term LNG sales," said Dan Brouillette, president of Sempra Infrastructure. "Our relationship with PGNiG is core to this commitment, and we are excited to continue working closely with them to advance more reliable, secure and increasingly clean energy solutions." "The agreement signed today paves the way for negotiations of detailed terms that would provide PGNiG with LNG from a reliable and highly valued infrastructure partner. Here in Poland, LNG is already one of the cornerstones of our diversified strategy to enhance Polish energy security, as well as to strengthen the commercial potential of the PGNiG Group. We are determined to further expand our operations in this direction and are therefore taking steps to secure access to adequate natural gas volumes in the future," said Iwona Waksmundzka-Olejniczak, PGNiG SA president. The referenced HOA contemplates the negotiation and finalization of definitive 20-year LNG sale-and-purchase agreements for 2 Mtpa from the Cameron LNG Phase 2 project under development in Louisiana, and 1 Mtpa from the Port Arthur LNG project under development in Texas. The HOA also provides PGNiG the opportunity in 2022 to reallocate volumes from the Cameron LNG Phase 2 project to the Port Arthur LNG project. Additionally, Sempra Infrastructure and PGNiG expect to continue working toward a framework for the reduction, mitigation and reporting of greenhouse gas emissions across the LNG value chain. Sempra Infrastructure is developing the Cameron LNG Phase 2 project, which is expected to include a single LNG train with a maximum production capacity of approximately 6.75 Mtpa of LNG as well as debottlenecking of the existing three LNG trains at the facility in Hackberry, Louisiana. Last month, Sempra Infrastructure signed an HOA with the Cameron LNG partners for the development of the Cameron LNG Phase 2 project. In addition, Sempra Infrastructure is also developing the proposed Port Arthur LNG project, an approximately 13.5 Mtpa, fully permitted facility on a 3,000-acre site in Jefferson County, Texas. The HOA is a preliminary, non-binding arrangement, and the development of the Cameron LNG Phase 2 and Port Arthur LNG projects remains subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, signing engineering and construction contracts, obtaining financing and incentives and reaching a final investment decision for each project. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. About PGNiG The PGNiG Group is the leader in the Polish gas market. It operates in exploration and production of natural gas and crude oil, international gas trading, sale and distribution of gas and liquid fuels, as well as heat and electricity generation. The PGNiG Group consists of over 30 companies with a total of 25,000 employees. It operates, among others, in Poland, Lithuania, Norway, Pakistan and the United Arab Emirates. The Group's parent company, PGNiG SA, is one of the largest companies listed at the Warsaw Stock Exchange. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes; changes to laws, including changes to certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the ability to import, export, transport and store hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine ; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation, rulemaking and disclosures, as well as related goals set and actions taken but companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine , which may increase our costs, reduce our competitiveness, impact our ability to do business with certain current or potential counterparties, or impair our ability to resolve trade disputes; 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 has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website at www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries are regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure
Sempra Declares Common Dividend
SAN DIEGO, May 12, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its board of directors has declared a $1.145 per share quarterly dividend on the company's common stock, which is payable July 15, 2022, to common stock shareholders of record at the close of business on July 7, 2022. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including changes to certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the ability to import, export, transport and store hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation, rulemaking and disclosures, as well as related goals set and actions taken by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Community Choice Aggregation and Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E's and SoCalGas' cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain current or potential counterparties, or impair our ability to resolve trade disputes; 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 has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra
CNBC’s Mad Money features Sempra CEO Jeff Martin
Liquefied Natural Gas (LNG) support in energy transition to provide global access to natural gas, as well as Sempra's growth discussed by CNBC's Jim Cramer, and Sempra CEO, Jeffrey Martin
SoCalGas Wins the "Leading Private Fleet" Award at 2022 ACT Expo
Award recognizes fleet operators who show true leadership in clean transportation LOS ANGELES, May 12, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) is honored to announce it took home the "Leading Private Fleet Award" at the 2022 Advanced Clean Transportation (ACT) Expo, North America's largest advanced transportation and clean fleet event. This year, there were more than 250 nominees across all award categories. Finalists in the Leading Private Fleet category included Genentech, Iron Mountain, McAbee Trucking Incorporated, Sysco, and United Natural Foods Incorporated. The award recognizes leadership that goes above and beyond what is required to achieve sustainability in a company's fleet operations. The award specifically acknowledges SoCalGas' critical investments towards its ASPIRE 2045 sustainability goals which includes working to replace 50% of its over-the-road fleet with clean fuel vehicles by 2025 and operate a zero-emission fleet by 2035. Currently, a third of SoCalGas' fleet already operates on clean fuels. "This is exciting news for SoCalGas as we continue to make strides to decarbonize one of the hardest to abate sectors of the economy," said Jawaad Malik vice president of strategy and sustainability, and chief environmental officer. "We continue to invest in a diverse set of innovative and advanced fleet technology such as hydrogen fuel cell, electric, and renewable natural gas-powered vehicles. Adopting new, cleaner technologies and leading the fleet industry with our closed-loop recycling program will help SoCalGas and California reach our shared climate and air quality goals." "We had a record-breaking number of submissions this year and it was difficult to choose just one winner per category given the impressive initiatives we saw from each nominee," said Erik Neandross, CEO at Gladstein, Neandross & Associates (GNA), a clean transportation firm and energy consulting firm and the host of ACT Expo. The company's efforts to replace 50% of its over-the-road fleet with clean fuel vehicles by 2025, includes an announcement back in March that SoCalGas plans to install 1,500 electric vehicle chargers at 67 company facilities by the end of 2024. This year, the company plans to purchase Ford F-150 Lightning electric trucks and E-Transit electric vans to be serviced by the new chargers. Also this year, SoCalGas purchased 50 Toyota Mirai hydrogen fuel cell vehicles (HFCEV), making SoCalGas among the first utilities in the nation to start transitioning to hydrogen-powered vehicles. And last year, SoCalGas converted 200 new Ford F-250 service pickup trucks to run on renewable natural gas (RNG). The service trucks are outfitted with the newest Landi Renzo Eco Ready™ equipment, a California Air Resource Board certified ultra-low emissions vehicles system. The SoCalGas fleet also participates in a closed-loop automotive oil and antifreeze recycling program, which prevents the incineration of the waste and helps reduce air pollution. Last year, SoCalGas recycled more than 15,000 gallons of oil and antifreeze as a result. SoCalGas manages a fleet of more than 5,000, which includes, light, medium, and heavy-duty vehicles as well as trailers and equipment. The utility has been at the forefront of fleet sustainability with early implementation of natural gas as a vehicle fuel more than 40 years ago. And for over 30 years, SoCalGas has supported the alternative fuel transportation industry by offering public compressed natural gas refueling stations at its operating bases. Since September 2020, SoCalGas refueling stations have been supplied with carbon negative RNG. This year SoCalGas announced its ASPIRE 2045 sustainability strategy to further integrate sustainability across our business. This strategy builds upon our aim to have net zero greenhouse gas emissions in our operations and delivery of energy by 2045. Read more at socalgas.com/aspire2045. About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the two goals of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
SDG&E’s Digital Tool for Advancing Environmental Justice Named a Fast Company 2022 World Changing Idea
A digital tool developed by San Diego Gas & Electric (SDG&E) to help reduce its fleet vehicle emissions in communities disproportionately impacted by pollution and climate change was named to Fast Company’s 2022 World Changing Ideas list, a program honoring technology and innovations that tackle social inequality, climate change and public health crises. The company’s Community Impact Platform, developed in conjunction with Accenture, received honorable mentions in the categories of Artificial Intelligence & Data, Climate and Large Employer, and was named a finalist in the Enduring Impact business category. It will be featured in the magazine’s May 10 issue. Recognizing transportation is the single largest source of greenhouse gas emissions, the Community Impact Platform overlays advanced fleet GPS and vehicle data with socioeconomic data to model different scenarios of vehicle replacement to help reduce emissions in vulnerable communities. “The Community Impact Platform is a perfect example of how SDG&E uses innovation and technology to reduce emissions in our communities and build a more sustainable and equitable future for all,” said SDG&E Senior Vice President, Chief Information Officer and Chief Digital Officer Ben Gordon. Using the tool, SDG&E can map the deployment of zero-emission vehicles to help offset the effects of climate change and pollution within its service territory in San Diego and southern Orange counties. To date, the Community Impact Platform has leveraged artificial intelligence to cluster over eighty million data points to help estimate and visualize the carbon emissions associated with each vehicle in SDG&E’s fleet throughout their daily trips. The team has integrated an intelligent vehicle replacement model into the Community Impact Platform to help prioritize fleet and other investments to meet SDG&E and the region’s sustainability and climate equity goals, which are detailed at sdge.com/sustainability. World Changing Ideas award winners were chosen by a panel of judges across sectors, based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all. SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter ( @SDGE), Instagram ( @SDGE) and Facebook.
SoCalGas Renews Program to Deliver Renewable Natural Gas to Vehicle Fueling Stations
CO2 emissions avoided over last three years are equivalent to eliminating nearly 31 million gallons of gasoline LOS ANGELES, May 9, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas ) has renewed a program to supply renewable natural gas (RNG ) to all 32 of the company's fueling stations, along with six in the San Diego area, signing three-year contracts with suppliers U.S. Gain and Element Markets as demand continues to grow. In April 2019, SoCalGas began replacing traditional compressed natural gas at fueling stations with RNG to help reduce greenhouse gas emissions and meet California's climate goals. RNG is produced by capturing methane emissions from organic waste materials. Depending on the source of organic waste, RNG can be carbon negative because it captures more greenhouse gases than it emits. Since September 2020, the RNG delivered at the 38 fueling stations is considered carbon negative by the California Air Resources Board (CARB). RNG delivered at the 38 fueling stations helped avoid approximately 275,000 metric tons of CO2 emissions over the last three years – equivalent to eliminating nearly 31 million gallons of gasoline burned, according to the U.S. Environmental Protection Agency's Greenhouse Gas Equivalencies Calculator. "Our first three years dispensing RNG at our fueling stations have been a dramatic success, both in terms of moving forward toward our climate goals by reducing greenhouse gas emissions, but also in demonstrating the growing demand for clean RNG in our region," said Elsa Valay-Paz, SoCalGas vice president of gas acquisition. "We dispensed 46 percent more RNG the last year than we did during the first two years, and we expect demand to continue to grow." The new three-year renewal continues SoCalGas' partnership with U.S. Gain. SoCalGas signed a new contract with Element Markets to provide RNG as a second partner. "We're honored to continue working with SoCalGas to build on the success of the last three years, connecting their fleet with RNG in support of their decarbonization journey," said Bryan Nudelbacher, U.S. Gain's Director of Business Development. "Successful programs like this can help accelerate RNG adoption across industries, applications and geographies to reduce emissions and make a real impact on climate change." "We're pleased to have been chosen to partner with SoCalGas as they explore and expand the use of low carbon RNG," said Angela Schwarz, CEO of Element Markets. "As the leading independent marketer of RNG in the U.S. and, with our recent merger with Bluesource, the largest marketer and originator of carbon and environmental credits in North America, we welcome the opportunity to grow in our role a trusted provider of decarbonization solutions that progress sustainability mandates and voluntary goals." Last year, SoCalGas received the 2021 NGV Achievement Award in the Utility Leadership for outstanding contributions to the advancement of natural gas as a transportation fuel, in part for its RNG efforts at fueling stations. RNG is an important tool in SoCalGas' efforts to reach both California's and the company's climate goals. In 2019, the company established benchmarks including delivering 20 percent renewable natural gas (RNG) by 2030. Last year, SoCalGas expanded its sustainability goals further, setting its aims on achieving net zero greenhouse emissions in its operations and the energy it delivers by 2045. And in October, SoCalGas shared its Clean Fuels Study, a comprehensive technical analysis that examines how to achieve California's carbon neutrality goals through a more integrated, reliable, and affordable energy system with a diverse array of clean fuels that includes RNG and hydrogen. For more information about renewable natural gas and how it fits into SoCalGas' sustainability efforts, please visit https://www.socalgas.com/aspire2045. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
A letter from our Chairman and CEO
Owner of North America's largest energy network, Sempra, shares energy strategy, sustainability goals, and focus on safety with letter from Jeffrey Martin.
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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).