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Displaying results 721 - 735 of 1201
Sempra Energy To Report First-Quarter 2020 Earnings May 4
SAN DIEGO, April 20, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to release its first-quarter 2020 earnings by 7 a.m. ET, May 4. Sempra Energy executives will conduct a conference call at 12 p.m. ET, May 4. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link. Prior to the conference call, a slide presentation detailing the earnings results also will be posted by 7 a.m. ET, May 4, on Sempra Energy's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 8909332, or it can be accessed on the company's website. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. SOURCE Sempra Energy
SoCalGas Takes Next Step Toward Offering Renewable Natural Gas
LOS ANGELES –April 17, 2020-- Southern California Gas Co. (SoCalGas) today announced it and other important stakeholders have agreed on details of a proposed plan to offer renewable natural gas to customers, and have filed that agreement with the California Public Utilities Commission (CPUC). Stakeholders include consumer advocate groups (including the state’s consumer advocate), a national environmental organization, and various industry groups. Renewable natural gas can be used just like traditional natural gas to cook, heat homes and run businesses, and fuel trucks and buses. The fuel can be made when methane, a greenhouse gas that occurs naturally when organic waste breaks down, is captured rather than being released into the air. The proposed program would allow millions of Californians the option to purchase a portion of their natural gas from renewable sources, just as many today can opt to purchase renewable electricity. The program is expected to create increased demand for renewable natural gas, which can help increase supply and lower its cost over time, similar to what has happened with renewable electricity created from wind and solar power. “Replacing traditional natural gas with the renewable kind is a great way to reduce climate change emissions,” said Andy Carrasco, SoCalGas chief environmental officer. “People like using natural gas for cooking, hot water and home heating, so using renewable gas allows them to keep their preferred energy source while helping achieve climate goals.” With the agreement in place, the CPUC can begin its review and evaluation process; a decision could come in the fall of this year. The production and use of renewable natural gas in California has steadily increased since the enactment of a 2016 law requiring the reduction of methane emissions from dairy farms and diversion of food and green waste from landfills. Over 30 dairy renewable natural gas projects are now in operation in the state, and about 50 more are in various stages of development. Renewable natural gas from a San Joaquin Valley dairy digester facility began flowing into SoCalGas' pipelines over a year ago. Renewable natural gas is also being made in California from household food waste, grass clippings and the like, keeping such waste out of landfills and putting it to use. In 2018, SoCalGas began putting the renewable gas in its pipelines from a waste hauling company's anaerobic digestion facility in Perris, California. In 20 years, enough renewable natural gas will be available to replace about 90 percent of the nation's current residential natural gas consumption, a recent study by ICF estimates. While thus far most renewable natural gas produced in California has been used for heavy-duty trucking, Renewable natural gas can also be used in homes, which contribute about six percent of California’s greenhouse gas emissions. A 2018 study showed that replacing less than 20 percent of SoCalGas’ traditional natural gas supply with renewable natural gas by 2030 can achieve the same greenhouse gas reductions as converting all homes and commercial buildings to electric-only energy. That same study also found that using a mix of in- and out-of-state renewable gas resources would be 2 to 3 times more cost effective in reducing greenhouse gases than converting homes to all-electric. Renewable Natural Gas Program Details If approved, the renewable natural gas program will be available to residential and small commercial and industrial customers. Residential customers will be able to select a fixed dollar amount per month for the purchase of renewable natural gas. Commercial customers will be able to select a fixed dollar amount per month or select a percentage of their consumption for the purchase of renewable natural gas, up to 100%. Each month, participating customers would see a line item on their bill that includes the amount of renewable gas they received, along with a very small program fee. To allow the utilities to enter into the longer-term contracts necessary to purchase renewable natural gas, residential customers will have to commit to one year. After one year, they would have the option to change their dollar amount or could participate on a month-to-month basis. As customers opt to purchase renewable natural gas, SoCalGas will buy the renewable gas from producers and reduce the amount of fossil gas that is brought into their pipeline systems. As renewable natural gas enters the SoCalGas pipeline system, its molecules blend together with traditional natural gas just like solar and wind electrons on the electric grid. Every additional therm of this renewable fuel that customers purchase means one less therm of traditional natural gas is used. # # # About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.
SoCalGas Announces Approval of 10-Year Mobile Home Park Safety Upgrade Program
LOS ANGELES, April 16, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it has received state approval to provide safety and service upgrades to thousands of additional mobile home parks through a ten-year Mobilehome Park Utility Conversion Program. Since its inception in 2014, the program has upgraded infrastructure and enhanced safety at more than 16,000 mobile homes in more than 244 mobile home communities throughout SoCalGas' territory. Now, due to the program's success, the CPUC voted to establish it as a ten-year, ongoing program, authorizing SoCalGas to upgrade up to half of the approximately 132,000 mobile homes in its service territory to direct utility service through 2030. The MHP Utility Conversion Program is completely voluntary. Participating mobile home communities receive a new, professionally installed gas system that provides enhanced home safety and energy reliability for residents. As direct SoCalGas customers, residents can also sign up for a variety of SoCalGas' energy savings and assistance programs that can help them save money. "This program will enhance safety for thousands of families across our service territory." said Rodger Schwecke, SoCalGas' senior vice president of gas operations and construction. "With direct utility service, families will also have access to a host of energy savings and assistance programs that will help mobile home park residents save money and live more comfortably." "As the Chair of the Senate Select Committee on Manufactured Home Communities, I applaud the California Public Utilities Commission's ten-year continuation of the Mobile Home Park Utility Conversion Program," said Senator Connie M. Leyva (D- Chino). "This program continues to help residents of mobile home park communities across California, and I appreciate SoCalGas' participation in this program." "The process from start to finish was incredibly smooth with minimal issues," said, Jamie Taylor manager of a Gardena, California mobile home park called Los Flamingos Lodge, which had direct utility service installed last year. "The entire SoCalGas team was efficient and worked seamlessly with our residents to get the work completed in a timely manner. Our mobile park's direct SoCalGas service will help us maintain state compliance guidelines and will allow park management to focus on other areas that can help improve our community for our residents." Enrique Lopez, a resident at Peter Pan Mobile Village in Compton, California, received direct utility service last year. "SoCalGas did a great job," he said. "Everything is going well, and I am very happy with my gas service." Mobile home park residents with direct natural gas service will have advanced meters, which allow customers to have access to their hourly natural gas usage on a next-day basis and enable them to better manage their gas usage and save money. New SoCalGas customers will now also be able to set up their own "My Account" to view and pay their bill online, schedule service and/or sign up for paperless billing. Income-qualified customers can also benefit from energy savings and assistance programs that can help them save money. More information about these programs is available at socalgas.com (search "Assistance") or by calling 1-800-252-0259 (available in English and Spanish). Owners of participating mobile home communities also see benefits. Owners will no longer have to maintain or be liable for privately-owned gas systems and instead can contact SoCalGas directly for service needs. Direct service also saves owners time, since they no longer have to read meters, bill residents or respond to service questions. The program covers costs for installing new utility service at each mobile home community including, individual resident meters. Nearly 80 percent of all mobile home communities in SoCalGas' territory applied to participate in the initial pilot program. For more information about the mobile home park utility conversion program and how to apply, please visit https://www.socalgas.com/stay-safe/safety-and-prevention/mobilehome-par…. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy To Hold Virtual Annual Shareholders Meeting
SAN DIEGO, April 14, 2020 /PRNewswire/ -- Sempra Energy (NYSE:SRE) announced today that its 2020 Annual Shareholders Meeting will change to a virtual-only format, to help protect the health and safety of employees, shareholders and the communities it serves in light of the public health impact of the COVID-19 pandemic. Sempra Energy's Annual Shareholders Meeting (Annual Meeting) will take place at 9 a.m. Pacific Time on May 5, 2020, the same date and time as originally scheduled. There also is no change to the items of business to be addressed at the meeting, which are described in Sempra Energy's proxy materials as previously distributed. The change to a virtual-only format for the meeting is in line with California Gov. Gavin Newsom's executive order N-40-20, released on March 30, 2020, issued under the state of emergency declared due to the COVID-19 pandemic. Sempra Energy intends to return to in-person Annual Meetings next year. Shareholders will not be able to attend the Annual Meeting in person. Instead, shareholders should follow the instructions provided below to attend the virtual Annual Meeting. Shareholders who attend the virtual Annual Meeting by following the instructions below will have an opportunity to vote and to submit questions electronically during the meeting. Guests may access the virtual Annual Meeting in listen-only mode by visiting the virtual meeting site provided below, but will not be able to vote or submit questions during the meeting. The proxy materials for the Annual Meeting are available on Sempra Energy's website at Sempra.com/annualmeeting and at https://www.astproxyportal.com/ast/Sempra/. Shareholders are encouraged to vote their shares prior to the virtual Annual Meeting by any of the methods described in the proxy materials. The proxy card and voting instruction form included with the previously distributed proxy materials will not be updated to reflect the change in location of the meeting, but they may continue to be used to vote your shares on the proposals to be presented at the virtual meeting. Shareholders who have previously voted do not need to take any further action. Instructions to Attend the Annual Meeting Record Holders: If you were a holder of record of common stock of Sempra Energy at the close of business on March 9, 2020 (i.e. your shares are held in your own name in the records of Sempra Energy's transfer agent, American Stock Transfer & Trust Company, LLC (AST)), you can attend the virtual Annual Meeting by visiting https://web.lumiagm.com/293523272 and entering the 11-digit control number previously provided to you in your proxy materials. The password for the virtual meeting is sempra2020. If you are a shareholder of record and you have misplaced your 11-digit control number, please call AST at (877) 773-6772. Beneficial Owners: If you were a beneficial owner of common stock of Sempra Energy at the close of business on March 9, 2020 (i.e. you hold your shares in "street name" through an intermediary, such as a bank, broker or other nominee), you must register in advance in order to attend the virtual Annual Meeting. To register, please obtain a legal proxy from the bank, broker or other nominee that is the record holder of your shares and then submit the legal proxy, along with your name and email address, to AST to receive an 11-digit control number that may be used to access the virtual Annual Meeting site provided above. Any control number that was previously provided with your proxy materials, likely a 16-digit number, will not provide access to the virtual Annual Meeting site. Requests for registration and submission of legal proxies should be labeled as "Legal Proxy" and must be received by AST no later than 5 p.m., Eastern Time, on April 30, 2020. All such requests should be submitted (1) by email to proxy@astfinancial.com, (2) by facsimile to (718) 765-8730 or (3) by mail to American Stock Transfer & Trust Company, LLC, Attn: Proxy Tabulation Department, 6201 15th Avenue, Brooklyn, NY 11219. Obtaining a legal proxy may take several days and shareholders are advised to register as far in advance as possible. Once you have obtained your 11-digit control number from AST, please follow the steps set forth above for shareholders of record to attend the virtual Annual Meeting. Holders of Shares in the Sempra Energy Employee Savings Plans: If you were a holder of shares of Sempra Energy common stock through the Sempra Energy Employee Savings Plans at the close of business on March 9, 2020, you may attend the virtual Annual Meeting by using the 11-digit control number previously provided to you and following the steps set forth above for shareholders of record. However, please note that your vote must be provided by the deadline set forth in our proxy materials and you will not be able to vote your shares at the virtual Annual Meeting. Record holders, beneficial owners and holders of shares in the Sempra Energy Employee Savings Plan should call AST at (877) 773-6772 with any questions about attending the virtual Annual Meeting. You can also visit our website at Sempra.com/annualmeeting for additional information about the virtual Annual Meeting. If you encounter any difficulty accessing the virtual Annual Meeting, please visit https://go.lumiglobal.com/faq for assistance. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. SOURCE Sempra Energy
Sempra Energy Receives All Required Governmental Authorizations For $3.59 Billion Divestiture Of Luz Del Sur In Peru
SAN DIEGO, April 10, 2020 /PRNewswire/ -- Sempra Energy (NYSE:SRE) announced today that it has received all required governmental authorizations for the sale of the company's equity interests in its Peruvian businesses. The sale to China Yangtze Power International (Hongkong) Co., Limited (CYP) will generate approximately $3.59 billion in total cash proceeds and is subject to customary post-closing adjustments. This transaction includes Sempra Energy's 83.6% stake in Luz del Sur S.A.A. ( Luz del Sur), as well as Tecsur, which provides electric construction and infrastructure services to Luz del Sur and third parties, and Inland Energy S.A.C., Luz del Sur's generation business. "Receiving all required governmental authorizations for the sale of our Peruvian businesses is another important step in strengthening Sempra Energy's strategic mission to be North America's premier energy infrastructure company," said Dennis V. Arriola, executive vice president and group president of Sempra Energy. "We're pleased that in spite of travel and logistics restrictions, all parties involved have been working closely together and we look forward to closing in April." Sempra Energy also continues to move forward with the sale of its equity interests in its Chilean business, including its 100% interest in Chilquinta Energía S.A. and Tecnored S.A., to State Grid International Development Limited (SGID) for approximately $2.23 billion in total cash proceeds, subject to adjustments and satisfaction of closing conditions. In combination, Sempra Energy's planned sale of its South American businesses is expected to result in combined proceeds of approximately $5.82 billion in total cash proceeds, subject to adjustments and satisfaction of closing conditions. BofA Merrill Lynch and Lazard are serving as financial advisors to Sempra Energy on the sale, and White & Case is serving as legal advisor. Luz del Sur serves the southern region of Lima, Peru, and is the largest electric company in the country. About China Yangtze Power International CYP is a subsidiary of China Yangtze Power Co., which is China's largest publicly listed power company. China Yangtze Power Co. engages in electric power production, technological consultation of electric power generation and selected distribution services. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to over 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas; the impact of the novel coronavirus on (i) our ability to commence and complete capital projects and obtain regulatory approvals, (ii) our current and prospective counterparties, customers and partners, and (iii) the stability of the capital markets; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on the company's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas and Frontier Communications Support Diverse Business Enterprises with Business-Building Tips Using Four Virtual Supplier Webinars
LOS ANGELES, April 8, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and Frontier Communications will collaborate to lead a series of webinars throughout April with tips for diverse business enterprises seeking to earn utility contracts. Representatives from six other California utilities will participate in the webinars, offering suppliers latest updates from the utilities on upcoming sourcing opportunities, support for diverse businesses and available resources to the supplier community. "The ongoing COVID-19 pandemic has severely affected the diverse business community, many of which are small and medium-sized businesses," said Denita Willoughby, SoCalGas Vice President of Supply Management and Logistics. "These virtual seminars bring a new, safe approach to further strengthen communications with suppliers and help them stay profitable." "Together with SoCalGas and other utility partners, Frontier Communications recognizes the importance of critical infrastructure industries and essential services like ours," said Joe Gamble, Senior Vice President, Frontier Communications. "These virtual forums will help our diverse suppliers identify growth opportunities and enable Frontier to adapt supply chain requirements to keep our customers and the communities we serve connected." Suppliers interested in participating are asked to RSVP and submit any questions prior to each virtual session to supplierdiversity@ftr.com. The sponsors anticipate participants will include representatives of diverse businesses from construction, engineering, facilities, janitorial, paving, consulting and professional services, along with vendors of a broad range of expendable and reusable goods. The virtual series will be hosted by Dawn Gilbert of Frontier Communications and Joe Chow of SoCalGas starting on April 9 th, followed by sessions on April 16 th and April 23 rd, and concluding on April 30 th. The session times, dates and panelists are the following: Session 1 – April 9 th – 11:00 to 11:45 a.m. Stephanie Green, CPUC Edward Simon, California American Water Lisa Roben, Comcast Jay Wesley, Century Link Session 2 – April 16 th – 11:00 to 11:45 a.m. Drisha Melton, CPUC Holly Joy, Golden State Water Joan Kerr, PG&E Telma Lopez, Southwest Gas Session 3 – April 23 rd – 2:00 to 2:45 p.m. Stephanie Green, CPUC Edward Simon, California American Water Lisa Roben, Comcast Jay Wesley, CenturyLink Session 4 – April 30 th – 11:00 to 11:45 a.m. Drisha Melton, CPUC Holly Joy, Golden State Water Joan Kerr, PG&E Telma Lopez, Southwest Gas About SoCalGasHeadquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About Frontier CommunicationsFrontier Communications Corporation offers a variety of services to residential and business customers over its fiber-optic and copper networks in 29 states, including video, high-speed internet, advanced voice, and Frontier Secure ® digital protection solutions. SOURCE Southern California Gas Company
TRAFFIC ADVISORY: SoCalGas to Begin Pipeline Replacement Project Along Compton Boulevard between Bullis Road and Atlantic Avenue in Compton Beginning April 7
WHAT: Starting Tuesday, April 7, SoCalGas will be performing pipeline replacement and maintenance work on Compton Boulevard between Bullis Road and Atlantic Avenue in Compton. Crews are expected to work on the natural gas pipeline through January 2021. To perform the work safely, closures of one west and eastbound lane on Compton Boulevard will take place from 8 a.m. to 3:30 p.m., Monday to Friday. Traffic control cones, message boards and flagmen will help direct the flow of traffic. No interruption to natural gas service is anticipated. Per the Governor's most recent ‘stay-at-home’ order, those deemed as providing essential services are exempt from the ‘stay at home’ order in recognition of the importance of these sectors to the health and well-being of Californians. The state order, as well as federal policy directive, identifies our business as a critical energy infrastructure sector and the continuing work of SoCalGas is essential to the safety and reliability of our natural gas system. So that we continue to provide safe and reliable energy service through this crisis and beyond, SoCalGas will continue to perform work needed to maintain our infrastructure. SoCalGas’ crews are practicing the Centers for Disease Control and Prevention (CDC) social distancing guidelines and are briefed daily on COVID-10 safety. WHERE: Compton Boulevard between Bullis Road and Atlantic Avenue, as shown in this link. WHEN: Lanes will be closed from 8 a.m. to 3:30 p.m., Monday through Friday, through January 2021 beginning on April 7, weather and other conditions permitting. PUBLIC CONTACT: Customers with questions or concerns about the construction work may call SoCalGas’ Customer Contact Center 24-hours a day, seven days a week at 800-427-2200. Our top priorities are to work safely and to provide the communities we serve with safe and reliable natural gas service.
SoCalGas Launches "SoCalGas CAREs" Campaign to Bring Awareness to CARE Assistance Program for Customers Facing Financial Hardship due to COVID-19
LOS ANGELES, April 6, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today launched a campaign titled, "SoCalGas CAREs" for customers whose income may have recently changed due to COVID-19 or other reasons. The campaign aims to let customers know of their eligibility to qualify for SoCalGas' assistance program, California Alternate Rates for Energy or CARE, saving them 20 percent on their monthly natural gas bills. Over the next several weeks, SoCalGas will begin running both social media and television ads promoting the "SoCalGas CAREs" campaign. "SoCalGas is committed to assisting the communities we serve during this challenging period," said Jeff Walker, Vice President of Customer Solutions at SoCalGas. "We recognize that many families are facing unexpected hardships such as job and income loss right now and we want to remind them that SoCalGas' assistance programs like CARE can help." The CARE program aids people in paying their utility bills by providing a 20 percent discount on monthly natural gas bills. Customers who have become recently unemployed or who are currently facing financial hardship due to the coronavirus pandemic or for other reasons are encouraged to visit socalgas.com/care, complete the quick online application and find out instantly if they qualify. The CARE online application is available in English, Spanish, Chinese, Korean and Vietnamese. Other customer assistance programs SoCalGas offers include: Gas Assistance Fund If you or someone you know is having difficulty paying your gas bill, the Gas Assistance Fund (GAF) may be able to provide you with a one-time grant for the amount of the gas bill, not to exceed $100.00. The Gas Assistance Fund is a joint effort of SoCalGas and United Way of Greater Los Angeles. They work with non-profit partner organizations throughout our service territory to administer the program. You may qualify for the Gas Assistance Fund based on your yearly household income. Medical Baseline Allowance The Medical Baseline Allowance program provides additional natural gas at the lowest baseline rate for individuals with a serious health condition. You may qualify for the Medical Baseline Allowance if a full-time member of your household: Has a life-threatening illness or a compromised immune system Is seriously disabled Requires more heat in winter due to a serious health condition or to prevent deterioration of the individual's medical condition Eligibility is based on medical condition only, not household income. Please visit socalgas.com/assistance for more information on how to know if you qualify for these programs as well as how to apply. SoCalGas understands this is a challenging time for all and wants to assure customers natural gas service will be there for their communities. SoCalGas will continue to make safety and emergency service appointments, including reports of suspected natural gas leaks, carbon monoxide checks, gas meter turn-ons, natural gas outage and pilot re-lights. And we will continue to perform work needed to safely and reliably maintain infrastructure so we can continue to provide customers with safe and essential energy services. Service disconnections have been suspended until further notice. This means no customer will have their natural gas turned off due to non-payment. SoCalGas has also temporarily waived late fees for small business customers. As a reminder, SoCalGas never charges late fees for residential customers. Additional information about SoCalGas' response to COVID-19 is available here . About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy's IEnova Unit To Report First-quarter 2020 Earnings April 22
SAN DIEGO, April 1, 2020 /PRNewswire/ -- Sempra Energy's (NYSE: SRE) Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), plans to release its first-quarter 2020 earnings by 6 p.m. ET, April 22, in advance of a conference call with IEnova executives at 11 a.m. ET, April 23. Briefing materials also will be posted by 6 p.m. ET, April 22, on IEnova's website, www.ienova.com.mx. Investors, media, analysts and the public may listen to a live webcast of the conference call on IEnova's website, by clicking on the appropriate audio link. For those unable to obtain access to the live webcast, the conference call will be available on replay a few hours after its conclusion on the company's website, or by dialing 001-855-859-2056 and entering passcode 3487287#. About IEnovaIEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2019, the company has more than 1,200 employees and approximately $9.6 billion dollars in total assets, making it one of the largest private energy companies in the country. IEnova was the first energy infrastructure company to be listed on the Mexican Stock Exchange. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to over 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor), and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Warns Customers About the Rise of Utility Scams During COVID-19
LOS ANGELES, March 27, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today reminded customers to be on alert for potential scams targeting utility customers during the COVID-19 outbreak. One common scam involves telling customers they must pay their gas bill immediately or their natural gas service will be disconnected. SoCalGas does not call customers seeking payment. Additionally, on March 13 , the utility announced it had suspended service disconnections for customers who are struggling to pay their bills until further notice. This decision was made to support the health, safety and wellness of our customers during this crisis. SoCalGas is providing the following tips on how to recognize and respond to these scams: Be on the lookout for these common scam tactics: Caller ID spoofing with calls that appear to be coming from SoCalGas. The caller may try to sell products, collect personal information, or collect payment on your gas bill. Please note that SoCalGas will never ask for payment through the phone. Phishing emails, texts and social media posts with malicious attachments asking you to send personal information or money to another entity. Utility imposters appearing at your place of residence or business demanding payment. How to protect yourself: Never provide your personal information such as social security numbers, credit card numbers, bank account numbers, or share names and passwords with anyone claiming to be a utility representative. Always ask to see a SoCalGas photo ID badge before letting someone inside your home. All SoCalGas employees on company business are required to carry a badge. Customers are encouraged to verify the employee's uniform and identification. Most of our authorized employees will always be in a uniform with our company logo, carry an official employee badge, and drive a company car. SoCalGas employees will always be happy to wait while the customer confirms their identity. Customers can always check the status of their SoCalGas account or pay their latest bill by logging on to My Account . Customers who have questions about their experience with a SoCalGas representative should immediately contact SoCalGas customer service at 800-427-2200. Our customer service representatives are available 24 hours a day, seven days a week. Visit socalgas.com/scam - alert for additional tips and information about scams. We understand this is a challenging time for us all. Rest assured, your natural gas service will be there for your community. We will continue to make safety and emergency service appointments, including reports of suspected natural gas leaks, carbon monoxide checks, gas meter turn-ons, natural gas outage and pilot re-lights. SoCalGas will also continue work needed to safely and reliably maintain our infrastructure so we can continue to provide you with safe and essential energy services. Additional information about SoCalGas' response to COVID-19 is available here . About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America , delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy Virtual Investor Day Focuses On Business Resilience And Sustainable Growth
SAN DIEGO, March 24, 2020 /PRNewswire/ -- Today, Sempra Energy's (NYSE: SRE) senior management team is providing an update on the company's business strategy on an Investor Day conference call, including details on the company's five-year capital plan, projected rate base growth, segment-level earnings guidance and planned improvements to balance sheet strength. "In the midst of a global health crisis, our first obligation is to the health and safety of our employees and the communities we serve," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Building resilience into our business model and investing in safe and reliable infrastructure is at the core of our strategy." "At Sempra Energy, our five-year capital plan – the most robust in our company's history – gives us great visibility into sustainable earnings growth that should help create long-term value for our stakeholders," added Martin. "Our strategy also focuses our investments within the most attractive markets in North America, with a sharp focus on the portion of the energy value chain where we believe we can create the most attractive risk-adjusted returns." Sempra Energy reiterated its five-year capital plan of approximately $32 billion, primarily focused on investments at the company's U.S. utilities – San Diego Gas & Electric Co. (SDG&E), Southern California Gas Co. (SoCalGas) and Oncor Electric Delivery Co. LLC. These investments support safety, reliability and sustainability for the benefit of customers and all stakeholders. The capital plan results in a projected 9% rate base compound annual growth rate (CAGR) for 2019 to 2024, and a projected combined rate base of more than $51 billion in 2024. Sempra Energy's full-year 2020 GAAP earnings-per-share (EPS) guidance range is $12.78 to $14.26 and includes the estimated gain on the sale of the company's South American businesses. Today, the company reaffirmed its full-year 2020 adjusted EPS guidance range of $6.70 to $7.50 and 2021 guidance range of $7.50 to $8.10. Additionally, Sempra Energy continues to focus on strengthening its balance sheet to create financial flexibility and fund future growth. Across its consolidated family of companies, Sempra Energy has approximately $6.4 billion in liquidity, including cash and available credit capacity. In addition, Oncor has $2.3 billion in liquidity, including cash and available credit capacity dedicated to their operations. In connection with its financial plan, Sempra Energy does not have current plans for equity offerings. In 2019, Sempra Energy announced two agreements that would conclude the company's planned sale of its South American businesses for expected combined after-tax cash proceeds of approximately $4.55 to $4.85 billion, subject to adjustments and satisfaction of closing conditions. Both of the company's South American sale transactions, one to sell Sempra Energy's equity interests in its Peruvian businesses and the other to sell its equity interests in its Chilean businesses, continue to advance and are expected to be completed in the next three to six weeks. The expected sale proceeds will be used to strengthen the company's balance sheet and help fund future growth. Across Sempra Energy's liquefied natural gas (LNG) business, the company continues to target portfolio returns above those of its U.S. utility businesses and continues to advance its development projects with a disciplined approach. Phase 1 of the Cameron LNG liquefaction-export project in Hackberry, Louisiana, is nearing completion. Once complete, Sempra Energy's share of full-year run-rate earnings from Phase 1, which includes the first three trains, are projected to be between $400 million and $450 million annually under Cameron LNG's tolling agreements. Sempra Energy indirectly owns 50.2% of Cameron LNG. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total S.A., Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha. Phase 1 of the Energía Costa Azul (ECA) LNG liquefaction-export project, under development in Baja California, Mexico, continues to move forward. Earlier this month, ECA LNG signed a fixed-price, lump-sum, turn-key engineering, procurement and construction (EPC) contract with Technip FMC. ECA LNG is targeting a final investment decision in the second quarter of 2020. Additionally, earlier this month, Port Arthur LNG, LLC and Bechtel Oil, Gas, and Chemicals, Inc., signed a fixed-price EPC contract for the Port Arthur LNG liquefaction project under development in Port Arthur, Texas, and site preparation work continues. While the majority of Sempra Energy's businesses are considered critical by the federal government and are currently operating without material disruptions, the fast-evolving global health crisis adds more uncertainty to the projections contained in this press release and the projections planned for the company's Investor Day conference call. Non-GAAP Financial Measure This press release includes Sempra Energy's 2020 adjusted EPS guidance range, which is a non-GAAP financial measure. See the appendix for additional information regarding this non-GAAP financial measure. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to over 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas; the impact of the novel coronavirus on (i) our ability to commence and complete capital projects and obtain regulatory approvals, (ii) our current and prospective counterparties, customers and partners, and (iii) the stability of the capital markets; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. APPENDIX RECONCILIATION OF SEMPRA ENERGY 2020 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA ENERGY 2020 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra Energy 2020 Adjusted EPS Guidance Range of $6.70 to $7.50 excludes approximately $1.8 billion to $2.0 billion estimated after-tax gain on the sale of our South American businesses, net of approximately $1.2 billion of income tax expense, which was calculated primarily based on applicable statutory tax rates. Sempra Energy 2020 Adjusted EPS Guidance is a non-GAAP financial measure. Because of the significance and/or nature of the excluded item, management believes that this non-GAAP financial measure provides a meaningful comparison of the performance of Sempra Energy's business operations to prior and future periods. Sempra Energy 2020 Adjusted EPS Guidance should not be considered an alternative to Sempra Energy 2020 GAAP EPS Guidance. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra Energy 2020 Adjusted EPS Guidance Range to Sempra Energy 2020 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. Full-Year 2020 Sempra Energy GAAP EPS Guidance Range $ 12.78 to $ 14.26 Excluded item: Estimated gain on sale of South American businesses (6.08) (6.76) Sempra Energy Adjusted EPS Guidance Range $ 6.70 to $ 7.50 Weighted-average common shares outstanding, diluted (millions) 295 SOURCE Sempra Energy
Sempra Energy Foundation To Donate Up To $500,000 To Support Texas Nonprofits Impacted By COVID-19
SAN DIEGO, March 23, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the Sempra Energy Foundation will donate up to $500,000 to help small to medium-sized nonprofits in Texas as they continue to serve critical needs related to the ongoing coronavirus (COVID-19) situation. "Many nonprofit organizations are faced with unprecedented demand for their services due to the current COVID-19 situation," said Dennis V. Arriola, board chair of the Sempra Energy Foundation, and executive vice president and group president of Sempra Energy. "These grants will help them to continue serving the needs of vulnerable populations who need their support now more than ever." The grants for Texas nonprofits will be part of a larger $1.75 million Nonprofit Hardship Fund from the Sempra Energy Foundation that will be made available to charities in the areas of the United States where Sempra Energy and its family of companies operate, including California, Texas and Louisiana. "Texans from all walks of life are coming together to defeat COVID-19 and its economic impact," said Texas State Senator Kelly Hancock, the Chairman of the Senate Business & Commerce Committee. "I appreciate the Sempra Energy Foundation for stepping up to help local Texas nonprofits and communities with resources to recover from the impact of the coronavirus. I am confident that strong leadership from Texas citizens, employers, and charitable foundations will expedite the recovery process and get our communities and economies back on track." The Sempra Energy Foundation's Nonprofit Hardship Fund will provide grants of up to $50,000 to nonprofit organizations serving populations affected by COVID-19. This could include, among other things: support for the increased volume of services being provided to clients, such as meals for homebound seniors; support for unexpected expenses associated with fulfilling those services; and/or support to sustain operations and services to populations impacted by COVID-19 amid pandemic-related cancellation of major fundraisers. "Sempra continues to show its generosity and commitment to standing in solidarity with some of the neediest members of the Southeast Texas community," said Dan Maher, president and CEO of the Southeast Texas Food Bank. "After Hurricane Harvey's impact, Sempra showed its great corporate spirit and rallied around our community in a substantial way. It has been proactive in working with us to address community needs ever since. So, while it is not surprising that Sempra would wish to be a partner as we respond to the unique challenges of the coronavirus, it is truly impressive that at a moment when philanthropy is expected to dip because of the national scope of this crisis, Sempra has risen up to make a huge investment in the health and well-being of children in Southeast Texas." Sempra Energy began operating in Texas more than 20 years ago. In May 2019, the company acquired a 50% limited-partnership interest in Sharyland Utilities, LLC. Sempra Energy is also the majority owner of Oncor Electric Delivery Company LLC (Oncor), the largest electric transmission and distribution utility in Texas, serving more than 10 million consumers. In 2019, Sempra Energy also supported Oncor's acquisition of InfraREIT, Inc. Through the acquisitions of Oncor, InfraREIT and Sharyland, Sempra Energy has made investments of more than $10 billion in Texas. Additionally, Sempra Energy's subsidiary Sempra LNG is developing the proposed Port Arthur LNG export project in Jefferson County, Texas. Port Arthur LNG is a multibillion-dollar infrastructure investment that will enable the delivery of natural gas sourced from Texas to world markets. The project will also support manufacturing, small businesses and the community by creating thousands of jobs and contributing to the local economy. Sempra LNG develops and builds natural gas liquefaction facilities and is pursuing the development of five strategically located LNG projects in North America with a goal of delivering up to 45 million tonnes per annum of clean natural gas to the largest world markets, which would make Sempra Energy one of North America's largest developers of LNG-export infrastructure facilities. Visit the Sempra Energy Foundation website for information about the foundation's Nonprofit Hardship Fund, and to learn how to apply for a grant. About the Sempra Energy Foundation The Sempra Energy Foundation is a 501(c)(3) private foundation based in San Diego. The foundation was founded by Sempra Energy. As part of the company's commitment to investing in the communities it serves, the Sempra Energy Foundation and Sempra employees have donated more than $100 million over the past five years. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to over 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas; the impact of the novel coronavirus on (i) our ability to commence and complete capital projects and obtain regulatory approvals, (ii) our current and prospective counterparties, customers and partners, and (iii) the stability of the capital markets; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Sempra Energy Foundation To Donate Up To $1 Million To California Nonprofits Impacted By COVID-19
SAN DIEGO, March 23, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the Sempra Energy Foundation will donate up to $1 million to help small to medium-sized nonprofits in California as they continue to serve critical needs related to the ongoing coronavirus (COVID-19) situation. "Many nonprofit organizations are faced with unprecedented demand for their services due to the current COVID-19 situation," said Dennis V. Arriola, board chair of the Sempra Energy Foundation, and executive vice president and group president of Sempra Energy. "These grants will help them to continue serving the needs of vulnerable populations who need their support now more than ever." The grants for California nonprofits will be part of a larger $1.75 million Nonprofit Hardship Fund from the Sempra Energy Foundation that will be made available to charities in the areas of the United States where Sempra Energy and its family of companies operate, including California, Texas and Louisiana. "The Sempra Energy Foundation has stepped up to help California in a time of great need during this public health crisis," said Elise Buik, president and CEO of United Way of Greater Los Angeles. "I applaud their efforts to help the most vulnerable in our communities." Sempra Energy's California utilities, San Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co. (SoCalGas), have also set up funds to support their communities. SDG&E contributed $1 million to launch the San Diego COVID-19 Community Response Fund at the San Diego Foundation. This fund will support nonprofit organizations that provide food, income and rental assistance to those disproportionately affected by the pandemic's economic consequences. Additionally, SoCalGas is donating $1 million to local organizations supporting hunger and workforce relief causes. SDG&E and SoCalGas also are offering support to customers through existing funds at the United Way that offer assistance with utility bill payments for individuals and families in need. The Sempra Energy Foundation's Nonprofit Hardship Fund will provide grants of up to $50,000 to nonprofit organizations serving populations affected by COVID-19. This could include, among other things: support for the increased volume of services being provided to clients, such as meals for homebound seniors; support for unexpected expenses associated with fulfilling those services; and/or support to sustain operations and services to populations impacted by COVID-19 amid pandemic-related cancellation of major fundraisers. "It's wonderful to see a San Diego community partner like the Sempra Energy Foundation continue to be helpful and generous at a time when so many people are in a state of uncertainty and in need of help from our nonprofit organizations," said Father Joe Carroll of Father Joe's Villages at St. Vincent de Paul. Visit the Sempra Energy Foundation website for information about the foundation's Nonprofit Hardship Fund, and to learn how to apply for a grant. About the Sempra Energy FoundationThe Sempra Energy Foundation is a 501(c)(3) private foundation based in San Diego. The foundation was founded by Sempra Energy. As part of the company's commitment to investing in the communities it serves, the Sempra Energy Foundation and Sempra employees have donated more than $100 million over the past five years. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to over 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas; the impact of the novel coronavirus on (i) our ability to commence and complete capital projects and obtain regulatory approvals, (ii) our current and prospective counterparties, customers and partners, and (iii) the stability of the capital markets; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Sempra Energy Foundation To Donate Up To $250,000 To Support Louisiana Nonprofits Impacted By COVID-19
SAN DIEGO, March 23, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the Sempra Energy Foundation will donate up to $250,000 to help small to medium-sized nonprofits in Louisiana as they continue to serve critical needs related to the ongoing coronavirus (COVID-19) situation. "Many nonprofit organizations are faced with unprecedented demand for their services due to the current COVID-19 situation," said Dennis V. Arriola, board chair of the Sempra Energy Foundation, and executive vice president and group president of Sempra Energy. "These grants will help them to continue serving the needs of vulnerable populations who need their support now more than ever." The grants for Louisiana nonprofits will be part of a larger $1.75 million Nonprofit Hardship Fund from the Sempra Energy Foundation that will be made available to charities in the areas of the United States where Sempra Energy and its family of companies operate, including California, Texas and Louisiana. "I applaud the generosity of Sempra during this challenging time for all of us," said Louisiana State Senator Mark Abraham of Lake Charles. "This is not the first time they have stepped up to help our community and I know everyone in our region appreciates this generous gift. I encourage everyone to do whatever we can big or small to help each other get through this and I am confident that by helping each other we will come back stronger than ever." The Sempra Energy Foundation's Nonprofit Hardship Fund will provide grants of up to $50,000 to nonprofit organizations serving populations affected by COVID-19. This could include, among other things: support for the increased volume of services being provided to clients, such as meals for homebound seniors; support for unexpected expenses associated with fulfilling those services; and/or support to sustain operations and services to populations impacted by COVID-19 amid pandemic-related cancellation of major fundraisers. "It is comforting during this challenging time that the Sempra Energy Foundation recognizes what CareHelp is doing in Southwest Louisiana to keep our food bank open and Backpack Blessing program operating," said Jody Farnum, CareHelp executive director. "This availability of these grant funds will enable us to continue serving the most impacted families in our community." Sempra Energy indirectly owns 50.2% of the Cameron LNG liquefaction-export project, located in Hackberry, Louisiana. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK). Sempra LNG develops and builds natural gas liquefaction facilities and is pursuing the development of five strategically located LNG projects in North America with a goal of delivering up to 45 million tonnes per annum of clean natural gas to the largest world markets, which would make Sempra Energy one of North America's largest developers of LNG-export infrastructure facilities. Visit the Sempra Energy Foundation website for information about the foundation's Nonprofit Hardship Fund, and to learn how to apply for a grant. About the Sempra Energy FoundationThe Sempra Energy Foundation is a 501(c)(3) private foundation based in San Diego. The foundation was founded by Sempra Energy. As part of the company's commitment to investing in the communities it serves, the Sempra Energy Foundation and Sempra employees have donated more than $100 million over the past five years. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to over 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Louisiana, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas; the impact of the novel coronavirus on (i) our ability to commence and complete capital projects and obtain regulatory approvals, (ii) our current and prospective counterparties, customers and partners, and (iii) the stability of the capital markets; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Donates $1 Million to Help Those in Need During Coronavirus Pandemic
LOS ANGELES, March 20, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it will donate $1 million to nonprofit organizations throughout its service area to support the region's workforce, feed the hungry, and provide bill assistance to customers most affected by the coronavirus. "All of us at SoCalGas want to do everything we can to support our community during this crisis—especially workers who might be laid off, people going hungry, and those who just won't be able to pay their gas bills without help," said Bret Lane, SoCalGas Chairman and Chief Executive Officer. "By providing funding to several outstanding nonprofit organizations, we're helping deliver critical services to help our neighbors who need it most." The $1 million in donations will include: A gift to the American Red Cross Los Angeles Region to support serving meals to L.A. Unified School District students affected by school closures due to coronavirus concerns. Monies designated to the Gas Assistance Fund, a program that helps income-qualified SoCalGas customers pay their natural gas bill. Seniors and those who have been laid off as a result of the coronavirus crisis will be prioritized. A donation to the Mayor's Fund for Los Angeles COVID-19 fund, which is supporting families, healthcare workers, unhoused neighbors and providing equipment needs of first responders. A gift to the Orange County United Way to assist in support local non-profits who provide essential services to those who are food and housing insure. A donation to Proteus, Inc., to provide education, job training, job placement, and other support services to farm working families and others in need in the San Joaquin Valley. "Here in Los Angeles, we are responding to the COVID-19 crisis with a full heart and a firm commitment to keeping all Angelenos healthy and safe," said Los Angeles Mayor Eric Garcetti. "Like so many right now, SoCalGas is stepping up to the plate and showing what it means to lead with L.A. love — doing its part to deliver essential assistance to the folks hit hardest by this pandemic." "Thousands of children who are not getting their usual school meals during this crisis will receive meals thanks to this generous gift from SoCalGas," said Jarrett Barrios, CEO American Red Cross, Los Angeles Region. "School closures can create extreme food insecurity for many children. These funds will ensure the Red Cross continues its work feeding LA Unified students at risk of hunger. SoCalGas continues to be a true community partner." The health, safety and wellness of SoCalGas customer and employees is foundational to the company. SoCalGas continues to closely monitor the COVID-19 situation with local, state and federal health agencies, as well as monitoring and implementing guidance from the Centers for Disease Control and Prevention. In addition to the temporary suspension of service disconnections and waiving of late fees for small businesses, SoCalGas is taking precautionary measures including: Reminding employees to stay home if they are sick and encouraging work from home and other social distancing practices Implementing company travel, visitor, meeting and event restrictions Enhanced cleaning of SoCalGas facilities and personal hygiene practices Additional information about SoCalGas' response to COVID-19 is available here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

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*As of December 31, 2025. Numbers may be approximate.

Sempra Infrastructure Partners and its subsidiaries, and the Sempra Texas utilities (Oncor and Sharyland Utilities) are not the same companies as the Sempra California utilities, SDG&E or SoCalGas, nor are they regulated by the California Public Utilities Commission (CPUC).