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Sempra
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Displaying results 256 - 270 of 1201
Shaping California’s clean hydrogen future
$140M invested in collaborations with Sempra partners to research and develop cleaner fuels, hydrogen tech and energy infrastructure. Learn More
SoCalGas Declares Preferred Dividends
LOS ANGELES, May 16, 2023 /PRNewswire/ -- The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on July15, 2023, to shareholders of record on June 10, 2023. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure 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 Shaping a Better Future for Generations to Come
Twenty-five years advancing sustainable business practices Investments powering a lower-carbon future Achievements progressing across four sustainability pillars SAN DIEGO, May 15, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today released its 2022 Corporate Sustainability Report highlighting its commitment to sustainable business practices designed to drive growth and advance the company's mission to be North America's premier energy infrastructure company. "Sustainable business practices have been championed by our employees since our company's founding 25 years ago, creating a long-lasting positive impact for all we are privileged to serve," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. "Our strong corporate governance and management practices emphasize sustainability as an essential component of our business that not only mitigates risk but also contributes to new business opportunities that align with our values. I could not be more pleased by our collective progress." The 2022 report emphasizes Sempra's deep-rooted commitment to sustainability and its integral role in shaping the company's corporate strategy, capital allocation and operational performance, with a view toward delivering measurable benefits for its stakeholders. The company believes this sustainability-centered approach has led to better, more predictable financial outcomes, demonstrating tangible value creation for its shareholders and other stakeholders. View the full report at: csr.sempra.com. "Sempra is focused on our unwavering commitment to safety and innovative solutions to improve resiliency in communities we serve, while also strengthening energy security domestically and globally," said Lisa Larroque Alexander, senior vice president of corporate affairs and chief sustainability officer at Sempra. "Over the next five years, our capital campaign represents a road map of our plans to invest $40 billion in critical infrastructure to build next-generation energy networks aimed at delivering cleaner sources of energy. These investments will help advance the lower-carbon future for which we all aspire." The report summarizes progress made throughout 2022 in pursuit of Sempra's business strategy to decarbonize its own operations while advancing a cleaner energy transition for consumers and the communities it serves. Of note, the 2022 report outlines important updates on Sempra's environmental, social and governance priorities including the company's advancements toward: Strengthening operational safety resulting in an 18% decrease in lost work-time incidents compared to 2021. Enhancing critical infrastructure to bring cleaner energy sources on to the grid and help increase safety and reliability through new investments. Empowering communities with $40 million in charitable contributions from the Sempra family of companies and the Sempra Foundation. Fostering a high-performing work culture driven by diversity, inclusion and shared values. In 2022, women presented 34% of our leadership and people of color made up 59% of the Sempra family of companies' U.S. workforce. In addition to providing a holistic view of progress across its four sustainability pillars— enabling the energy transition, driving resilient operations, achieving world-class safety and championing people—the 2022 report features individual updates from the company's three growth platforms: Sempra California, Sempra Texas and Sempra Infrastructure. Each update of Sempra's three business platforms provides important insights into the enterprise-wide focus on sustainable growth underpinned by investments in cleaner energy solutions in some of North America's leading markets. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor's Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of third parties; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to the energy industry in Mexico; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of the clean energy transition in California, (iii) with respect to SDG&E's business, departing retail load resulting from additional customers transferring to Community Choice Aggregation and Direct Access, and (iv) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra
Sempra Declares Common Dividend
SAN DIEGO, May 11, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its board of directors has declared a $1.19 per share quarterly dividend on the company's common stock, which is payable Jul. 15, 2023, to common stock shareholders of record at the close of business on Jul. 5, 2023. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor's Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. SOURCE Sempra
Sempra Reports First-Quarter 2023 Earnings Results
Finalizes base rate review at Oncor Announces $4 billion increase to Oncor’s five-year capital plan Updates Sempra’s five-year capital plan to $40 billion Issues full-year 2024 EPS guidance range of $9.10 to $9.80 SAN DIEGO, May 4, 2023 /PRNewswire/ — Sempra (NYSE: SRE) (BMV: SRE) today announced first-quarter 2023 earnings of $969 million, or $3.07 per diluted share, compared to first-quarter 2022 earnings of $612 million, or $1.93 per diluted share. On an adjusted basis, the company’s first-quarter 2023 earnings were $922 million, or $2.92 per diluted share, compared to $924 million, or $2.91 per diluted share, in 2022. “At Sempra, our strategy is focused on building new energy networks right here in North America that improve energy security and support decarbonization — and we are seeing significant opportunities across all three growth platforms,” said Jeffrey W. Martin, chairman and chief executive officer of Sempra. “Our strategy, together with our commitment to safety, operational excellence and disciplined capital allocation, positions us to deliver another strong year of financial performance.” The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP (generally accepted accounting principles in the United States of America) earnings, reconciled to adjusted earnings, for the first quarter of 2023 and 2022. (Dollars and shares in millions, except EPS) Three months ended March 31, 2023 2022 (Unaudited) GAAP Earnings $ 969 $ 612 Impact associated with Aliso Canyon litigation — 66 Equity losses from a write-off of rate base disallowances resulting from the PUCT’s final order in Oncor’s comprehensive base rate review 44 — Impact from foreign currency and inflation on our monetary positions in Mexico 109 75 Net unrealized (gains) losses on derivatives (217) 51 Net unrealized losses on a contingent interest rate swap related to the Port Arthur LNG Phase 1 project 17 — Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of noncontrolling interest to Abu Dhabi Investment Authority — 120 Adjusted Earnings (1) $ 922 $ 924 Diluted Weighted-Average Common Shares Outstanding 316 317 GAAP EPS $ 3.07 $ 1.93 Adjusted EPS (1) $ 2.92 $ 2.91 1) See Table A for information regarding non-GAAP financial measures and descriptions of adjustments. Earnings Guidance Sempra is updating its full-year 2023 GAAP earnings per common share (EPS) guidance range of $8.76 to $9.36, affirming its full-year 2023 adjusted EPS guidance range of $8.60 to $9.20 and announcing its full-year 2024 EPS guidance range of $9.10 to $9.80. The company is also affirming its projected long-term EPS growth rate of 6% to 8%. Capital Investment Opportunities Sempra sees robust opportunities for significant capital investments across all three growth platforms over the next five years, with a goal of improving safety, bolstering reliability and supporting the delivery of cleaner sources of energy. To capture these opportunities, the company is announcing a new five-year capital plan of $40 billion for 2023-2027. The referenced capital plan only includes Sempra’s proportionate ownership share of capital expenditures. “This is an exciting time for our company. Continued strong execution across our three growth platforms, together with significant projected rate base growth, support our positive view of the earnings power of our business going forward,” said Trevor Mihalik, executive vice president and chief financial officer of Sempra. “As we look to the future, our five-year capital plan contemplates the deployment of approximately $40 billion to help ensure safe and reliable operations and support growing demand while advancing the energy transition in the markets we serve.” Sempra California San Diego Gas & Electric Co. (SDGE) and Southern California Gas Co. (SoCalGas) continue to invest in safety, reliability and technology innovation that align with the state’s decarbonization goals. Sempra’s 2023-2027 capital plan targets $21.4 billion in investments to better serve customers at its California utilities, improve operational safety and reliability and help drive electrification and decarbonization across multiple sectors of the economy. Throughout the quarter, SDGE and SoCalGas advanced strategic programs to modernize their energy networks and advance climate resiliency and access to cleaner energy. In March, SDGE achieved a major milestone in its Valley Center transmission line upgrade project, completing the placement of five miles of transmission lines underground and hardening of existing overhead transmission. Earlier in the quarter, SoCalGas unveiled its H2 Innovation Experience, North America’s first renewable hydrogen microgrid and home. Together with California’s other investor-owned utilities, SDGE recently submitted a proposal to the California Public Utilities Commission (CPUC) to reform how consumers are charged for electricity and transmission and distribution infrastructure. The proposal is designed to advance affordability for low-to-mid income customers and make bills more stable and transparent. This comes in response to a new California state law requiring the CPUC to adopt a fixed-price fee structure to help make electricity more affordable and support broader decarbonization across the state. A proposed decision is expected in early 2024. Sempra Texas In April, Oncor Electric Delivery Company LLC (Oncor) received a final order from the Public Utility Commission of Texas (PUCT) in its base rate review proceeding, which preserved Oncor’s equity layer at 42.5% and updated its return on equity to 9.7%. Oncor estimates the PUCT’s final order will result in an average increase of approximately $79 million over the 2021 test year. Subsequently, Oncor announced its five-year capital plan of $19 billion to support strong demand growth, reliability and resiliency in one of the fastest growing markets in the country. Oncor continues to advance critical transmission and distribution infrastructure projects to support population growth in Texas and increase reliability for the Electric Reliability Council of Texas (ERCOT) market. At the end of the first quarter of 2023, Oncor had approximately 650 active generation and retail transmission point-of-interconnection (POI) requests in queue, representing a 41% increase as compared to active generation and retail transmission POI requests in queue on March 31, 2022. Additionally, Oncor connected 17,000 new premises to the ERCOT grid in the first quarter and constructed or upgraded 257 miles of distribution and transmission power lines in the first quarter of 2023. Sempra Infrastructure During the first quarter, Sempra Infrastructure had strong operational performance across its three integrated business lines — clean power, energy networks and liquefied natural gas (LNG) and net-zero solutions — and delivered strong financial results. Notably, Sempra Infrastructure Partners reached a positive final investment decision for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. The company also announced a joint venture with an affiliate of ConocoPhillips, which has acquired a 30% non-controlling interest in Phase 1, and an agreement to sell to an affiliate of KKR an indirect, non-controlling interest in Phase 1, subject to regulatory approvals and other customary closing conditions. As such, Sempra Infrastructure Partners is targeting a 25% indirect ownership interest in Phase 1 under this project-level equity partnership. The $13 billion total estimated capital expenditures at the project are being financed with $6.8 billion of non-recourse project-level debt and $6.2 billion of project-level equity. Progress also continues at Energía Costa Azul LNG Phase 1 where construction at the project logged over six million hours worked with no lost time incidents and remains on track to reach commercial operations by summer of 2025. Earlier this quarter, the Cameron LNG Phase 2 development project received approval from the Federal Energy Regulatory Commission (FERC) for modifications to its expansion permit. Importantly, the modifications approved by the FERC include utilizing electric drive motors to replace gas turbine drives, which is expected to lower the overall direct onsite emissions of Phase 2 compared to the previously authorized project, as well as allow the tie-in of carbon capture and sequestration equipment into the existing Phase 1 facility to support further reductions in overall plant emissions. Non-GAAP Financial Measures Non-GAAP financial measures include Sempra’s adjusted earnings, adjusted EPS and adjusted EPS guidance range. See Table A for additional information regarding these non-GAAP financial measures. Internet Broadcast Sempra will broadcast a live discussion of its earnings results over the internet today at 12 p.m. ET with the company’s senior management. Access is available by logging onto the Investors section of the company’s website, sempra.com/investors. The webcast will be available on replay a few hours after its conclusion at sempra.com/investors. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world’s most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor’s Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of third parties; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to the energy industry in Mexico; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; the impact on affordability of San Diego Gas & Electric Company’s (SDG&E) and Southern California Gas Company’s (SoCalGas) customer rates and their cost of capital and on SDG&E’s, SoCalGas’ and Sempra Infrastructure’s ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E’s and SoCalGas’ businesses, the cost of the clean energy transition in California, (iii) with respect to SDG&E’s business, departing retail load resulting from additional customers transferring to Community Choice Aggregation and Direct Access, and (iv) with respect to Sempra Infrastructure’s business, volatility in foreign currency exchange rates; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC’s (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor’s independent directors or a minority member director; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC’s website, sec.gov, and on Sempra’s website, sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document. SEMPRA ENERGY Table A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts; shares in thousands) Three months ended March 31, 2023 2022 (unaudited) REVENUES Utilities: Natural gas $ 4,412 $ 2,320 Electric 1,027 1,117 Energy-related businesses 1,121 383 Total revenues 6,560 3,820 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (2,683) (802) Cost of electric fuel and purchased power (114) (205) Energy-related businesses cost of sales (193) (135) Operation and maintenance (1,209) (1,086) Aliso Canyon litigation and regulatory matters — (92) Depreciation and amortization (539) (493) Franchise fees and other taxes (192) (162) Other income, net 41 38 Interest income 24 25 Interest expense (366) (243) Income before income taxes and equity earnings 1,329 665 Income tax expense (376) (334) Equity earnings 219 326 Net income 1,172 657 Earnings attributable to noncontrolling interests (192) (34) Preferred dividends (11) (11) Earnings attributable to common shares $ 969 $ 612 Basic earnings per common share (EPS): Earnings $ 3.08 $ 1.93 Weighted-average common shares outstanding 314,919 316,353 Diluted EPS: Earnings $ 3.07 $ 1.93 Weighted-average common shares outstanding 316,124 317,434 SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ADJUSTED EARNINGS TO SEMPRA GAAP EARNINGS (Unaudited) Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests (NCI)) in 2023 and 2022 as follows: Three months ended March 31, 2023: $(44) million equity losses from investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings) related to a write-off of rate base disallowances resulting from the Public Utility Commission of Texas' (PUCT) final order in Oncor Electric Delivery Company LLC's (Oncor) comprehensive base rate review $(109) million impact from foreign currency and inflation on our monetary positions in Mexico $217 million net unrealized gains on commodity derivatives $(17) million net unrealized losses on a contingent interest rate swap related to the initial phase of the Port Arthur LNG liquefaction project (PA LNG Phase 1 project) Three months ended March 31, 2022: $(66) million impact associated with Aliso Canyon natural gas storage facility litigation at Southern California Gas Company (SoCalGas) $(75) million impact from foreign currency and inflation on our monetary positions in Mexico $(51) million net unrealized losses on commodity derivatives $(120) million deferred income tax expense associated with the change in our indefinite reinvestment assertion as a result of progress in obtaining regulatory approvals necessary to close the sale of 10% NCI in Sempra Infrastructure Partners, LP (SI Partners) to Abu Dhabi Investment Authority (ADIA) Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation effects on our monetary positions in Mexico and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. 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 for historical periods these non-GAAP financial measures to Sempra GAAP Earnings and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS (Dollars in millions, except EPS; shares in thousands) Pretax amount Income tax expense (benefit) (1) Non-controlling interests Earnings Pretax amount Income tax (benefit) expense (1) Non-controlling interests Earnings Three months ended March 31, 2023 Three months ended March 31, 2022 (unaudited) Sempra GAAP Earnings $ 969 $ 612 Excluded items: Impact associated with Aliso Canyon litigation $ — $ — $ — — $ 92 $ (26) $ — 66 Equity losses from a write-off of rate base disallowances resulting from the PUCT's final order in Oncor's comprehensive base rate review — — — 44 — — — — Impact from foreign currency and inflation on our monetary positions in Mexico 25 135 (51) 109 25 70 (20) 75 Net unrealized (gains) losses on commodity derivatives (428) 85 126 (217) 88 (20) (17) 51 Net unrealized losses on a contingent interest rate swap related to the PA LNG Phase 1 project 33 (6) (10) 17 — — — — Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of NCI to ADIA — — — — — 120 — 120 Sempra Adjusted Earnings $ 922 $ 924 Diluted EPS: Weighted-average common shares outstanding, diluted 316,124 317,434 Sempra GAAP EPS $ 3.07 $ 1.93 Sempra Adjusted EPS $ 2.92 $ 2.91 (1) Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We record equity losses for our investment in Oncor Holdings net of income tax. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA 2023 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA 2023 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra 2023 Adjusted EPS Guidance Range of $8.60 to $9.20 excludes items (after the effects of income taxes and, if applicable, NCI) as follows: $(44) million equity losses from investment in Oncor Holdings related to a write-off of rate base disallowances resulting from the PUCT's final order in Oncor's comprehensive base rate review $(109) million impact from foreign currency and inflation on our monetary positions in Mexico $217 million net unrealized gains on commodity derivatives $(17) million net unrealized losses on a contingent interest rate swap related to the PA LNG Phase 1 project Sempra 2023 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes significant items that are generally not related to our ongoing business activities and/or infrequent in nature. This non-GAAP financial measure also excludes the impact from foreign currency and inflation effects on our monetary positions in Mexico and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2023 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2023 GAAP EPS Guidance Range. 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 2023 Adjusted EPS Guidance Range to Sempra 2023 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE Full-Year 2023 Sempra GAAP EPS Guidance Range $ 8.76 to $ 9.36 Excluded items: Equity losses from a write-off of rate base disallowances resulting from the PUCT's final order in Oncor's comprehensive base rate review 0.14 0.14 Impact from foreign currency and inflation on our monetary positions in Mexico 0.34 0.34 Net unrealized gains on commodity derivatives (0.69) (0.69) Net unrealized losses on a contingent interest rate swap related to the PA LNG Phase 1 project 0.05 0.05 Sempra Adjusted EPS Guidance Range $ 8.60 to $ 9.20 Weighted-average common shares outstanding, diluted (millions) 316 SEMPRA ENERGY Table B CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) March 31, 2023 December 31, 2022 (1) (unaudited) ASSETS Current assets: Cash and cash equivalents $ 534 $ 370 Restricted cash 85 40 Accounts receivable – trade, net 2,581 2,635 Accounts receivable – other, net 498 685 Due from unconsolidated affiliates 74 54 Income taxes receivable 79 113 Inventories 315 403 Prepaid expenses 255 268 Regulatory assets 115 351 Fixed-price contracts and other derivatives 460 803 Greenhouse gas allowances 143 141 Other current assets 65 49 Total current assets 5,204 5,912 Other assets: Restricted cash 84 52 Regulatory assets 2,935 2,588 Greenhouse gas allowances 907 796 Nuclear decommissioning trusts 864 841 Dedicated assets in support of certain benefit plans 511 505 Deferred income taxes 148 135 Right-of-use assets – operating leases 639 655 Investment in Oncor Holdings 13,735 13,665 Other investments 2,001 2,012 Goodwill 1,602 1,602 Other intangible assets 337 344 Wildfire fund 295 303 Other long-term assets 1,482 1,382 Total other assets 25,540 24,880 Property, plant and equipment, net 49,805 47,782 Total assets $ 80,549 $ 78,574 (1) Derived from audited financial statements. SEMPRA ENERGY Table B (Continued) CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (Dollars in millions) March 31, 2023 December 31, 2022 (1) (unaudited) LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 3,037 $ 3,352 Accounts payable – trade 2,122 1,994 Accounts payable – other 283 275 Due to unconsolidated affiliates 41 — Dividends and interest payable 667 621 Accrued compensation and benefits 344 484 Regulatory liabilities 427 504 Current portion of long-term debt and finance leases 1,220 1,019 Reserve for Aliso Canyon costs 129 129 Greenhouse gas obligations 143 141 Other current liabilities 1,217 1,380 Total current liabilities 9,630 9,899 Long-term debt and finance leases 25,206 24,548 Deferred credits and other liabilities: Due to unconsolidated affiliates 278 301 Regulatory liabilities 3,408 3,341 Greenhouse gas obligations 650 565 Pension and other postretirement benefit plan obligations, net of plan assets 378 410 Deferred income taxes 4,938 4,591 Asset retirement obligations 3,564 3,546 Deferred credits and other 2,252 2,117 Total deferred credits and other liabilities 15,468 14,871 Equity: Sempra Energy shareholders' equity 27,667 27,115 Preferred stock of subsidiary 20 20 Other noncontrolling interests 2,558 2,121 Total equity 30,245 29,256 Total liabilities and equity $ 80,549 $ 78,574 (1) Derived from audited financial statements. SEMPRA ENERGY Table C CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in millions) Three months ended March 31, 2023 2022 (unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 1,172 $ 657 Adjustments to reconcile net income to net cash provided by operating activities 357 705 Net change in working capital components 451 326 Distributions from investments 199 204 Changes in other noncurrent assets and liabilities, net (199) (285) Net cash provided by operating activities 1,980 1,607 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (1,830) (1,204) Expenditures for investments (85) (85) Purchases of nuclear decommissioning and other trust assets (181) (242) Proceeds from sales of nuclear decommissioning and other trust assets 199 242 Other 2 (1) Net cash used in investing activities (1,895) (1,290) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (360) (349) Issuances of common stock — 3 Repurchases of common stock (31) (226) Issuances of debt (maturities greater than 90 days) 1,986 4,023 Payments on debt (maturities greater than 90 days) and finance leases (1,803) (1,048) Increase (decrease) in short-term debt, net 168 (720) Advances from unconsolidated affiliates 14 18 Proceeds from sales of noncontrolling interests 265 13 Distributions to noncontrolling interests (43) (53) Contributions from noncontrolling interests 97 6 Settlement of cross-currency swaps (99) — Other (43) (29) Net cash provided by financing activities 151 1,638 Effect of exchange rate changes on cash, cash equivalents and restricted cash 5 — Increase in cash, cash equivalents and restricted cash 241 1,955 Cash, cash equivalents and restricted cash, January 1 462 581 Cash, cash equivalents and restricted cash, March 31 $ 703 $ 2,536 SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES AND INVESTMENTS (Dollars in millions) Three months ended March 31, 2023 2022 (unaudited) Earnings (Losses) Attributable to Common Shares SDG&E $ 258 $ 234 SoCalGas 360 334 Sempra Texas Utilities 83 162 Sempra Infrastructure 315 95 Parent and other (47) (213) Total $ 969 $ 612 Three months ended March 31, 2023 2022 (unaudited) Capital Expenditures and Investments SDG&E $ 624 $ 552 SoCalGas 458 468 Sempra Texas Utilities 85 85 Sempra Infrastructure 744 182 Parent and other 4 2 Total $ 1,915 $ 1,289 SEMPRA ENERGY Table E OTHER OPERATING STATISTICS Three months ended March 31, 2023 2022 (unaudited) UTILITIES SDG&E and SoCalGas Gas sales (Bcf) (1) 145 116 Transportation (Bcf) (1) 149 144 Total deliveries (Bcf) (1) 294 260 Total gas customer meters (thousands) 7,049 7,013 SDG&E Electric sales (millions of kWhs) (1) 1,596 2,266 Community Choice Aggregation and Direct Access (millions of kWhs) (2) 2,732 1,898 Total deliveries (millions of kWhs) (1) 4,328 4,164 Total electric customer meters (thousands) 1,507 1,498 Oncor (3) Total deliveries (millions of kWhs) 34,779 33,711 Total electric customer meters (thousands) 3,912 3,848 Ecogas Natural gas sales (Bcf) 1 1 Natural gas customer meters (thousands) 152 144 ENERGY-RELATED BUSINESSES Sempra Infrastructure Termoeléctrica de Mexicali (TdM) (millions of kWhs) 569 524 Wind and solar (millions of kWhs) (1) 812 732 (1) Includes intercompany sales. (2) Several jurisdictions in SDG&E's territory have implemented Community Choice Aggregation, including the City of San Diego in 2022. Additional jurisdictions are in the process of implementing or considering Community Choice Aggregation. (3) Includes 100% of the electric deliveries and customer meters of Oncor, in which we hold an indirect 80.25% interest through our investment in Oncor Holdings. SEMPRA ENERGY Table F (Unaudited) STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Three months ended March 31, 2023 SDG&E SoCalGas Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 1,653 $ 3,794 $ — $ 1,196 $ (83) $ 6,560 Cost of sales and other expenses (1,037) (3,061) (1) (355) 63 (4,391) Depreciation and amortization (262) (206) — (69) (2) (539) Other income (expense), net 28 (8) — 10 11 41 Income (loss) before interest and tax (1) 382 519 (1) 782 (11) 1,671 Net interest expense (117) (65) — (80) (80) (342) Income tax (expense) benefit (7) (94) — (330) 55 (376) Equity earnings — — 84 135 — 219 Earnings attributable to noncontrolling interests — — — (192) — (192) Preferred dividends — — — — (11) (11) Earnings (losses) attributable to common shares $ 258 $ 360 $ 83 $ 315 $ (47) $ 969 Three months ended March 31, 2022 SDG&E SoCalGas Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 1,445 $ 1,993 $ — $ 424 $ (42) $ 3,820 Cost of sales and other expenses (836) (1,290) (2) (279) 17 (2,390) Aliso Canyon litigation and regulatory matters — (92) — — — (92) Depreciation and amortization (239) (187) — (65) (2) (493) Other income (expense), net 34 34 — (16) (14) 38 Income (loss) before interest and tax (1) 404 458 (2) 64 (41) 883 Net interest expense (106) (40) — (6) (66) (218) Income tax expense (64) (84) — (91) (95) (334) Equity earnings, net — — 164 162 — 326 Earnings attributable to noncontrolling interests — — — (34) — (34) Preferred dividends — — — — (11) (11) Earnings (losses) attributable to common shares $ 234 $ 334 $ 162 $ 95 $ (213) $ 612 (1) Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations. SOURCE Sempra
SoCalGas Applauds California Air Resources Board's Advanced Clean Fleets Rule
On Friday, the California Air Resources Board (CARB) approved new rules for medium- and heavy-duty vehicles, called Advanced Clean Fleets, which require public and private fleets to begin transitioning those vehicles toward zero emissions starting in 2024 with a goal of being 100 percent zero-emissions vehicles by 2045, where feasible LOS ANGELES, May 2, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today issued the following statement to the media in response to the California Air Resources Board's (CARB) approval of the Advanced Clean Fleets rule: "As part of our ASPIRE 2045 Sustainability Strategy , SoCalGas has already converted over one-third of our over-the-road fleet to alternative fuel vehicles with aims to operate a zero-emissions fleet by 2035. SoCalGas is also pioneering hydrogen-powered fuel cell electric utility vehicles and battery electric vehicles with manufacturers like Ford and is committed to building out the infrastructure that would be needed to enable the transition to zero-emissions vehicles. " Our work planning Angeles Link , which could be the nation's largest green hydrogen pipeline and essential for decarbonizing heavy transportation in California, along with our dozens of clean fuels demonstration projects, would help pave the way for the state to achieve the goals set out in Advanced Clean Fleets and get us closer to building a cleaner California. We're ready to support the state and our transportation industry by working to build a clean fuels economy." About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; our ability to borrow money on favorable terms and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to current and future customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, disclosures, and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; our ability to incorporate new technologies into our business, including those designed to support governmental and private party energy and climate goals; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. 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 Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Sempra Recognized Among ‘America’s Best Employers for Diversity’
SAN DIEGO, April 27, 2023 /PRNewswire/ — Sempra (NYSE: SRE) (BMV: SRE) is one of ‘America’s Best Employers for Diversity’ according to Forbes, marking the fifth consecutive year the company earned a spot on the annual list. Notably, Sempra ranked 28 out of 500 companies on the list, higher than all other utility holding companies. “As we strive to foster a high-performance culture of belonging that celebrates our diversity and enables our employees to thrive, we are honored to again be recognized by Forbes as one of America's top workplaces for diversity,” said Mitch Mitchell senior vice president of diversity and community partnerships for Sempra. “Our success is fueled by the unique lived experiences and diverse contributions of the 20,000 employees from across our family of companies.” Championing People and Diversity The recognition comes as Sempra celebrates its 25 th anniversary, honoring the thousands of employees across its family of companies whose commitment to service and championing others is central to its high-performance culture and success. In 2022, women represented 34% of Sempra leadership and people of color made up 59% of the company’s U.S. workforce. Throughout the year, the company advanced opportunities to further promote diversity and inclusion among its employees through direct engagement, employee resource groups and enterprise-wide events covering topics such as allyship in action and mental health awareness. Sempra’s efforts to build its high-performance culture is captured in the expansion of employee resource groups (ERG) with 17 ERGs established across the enterprise to support the needs of the workforce, foster a stronger sense of belonging and cultivate a working environment of understanding and openness. Learn more about Sempra’s inclusive and high-performance culture in its 2021 Corporate Sustainability Report. Recognizing Leaders of Diversity Forbes’ annual list recognizes and commends U.S. companies that are leading in diversity practices. This year’s rankings were based on survey results from approximately 45,000 U.S. employees as well as an analysis of companies' diversity-related practices such as the presence of resource groups within the company, the transparency of diversity data, and the share of women in board and executive positions. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world’s most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor’s Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. SOURCE Sempra
Energy trends uncovered
Energy infrastructure essential to energy transition a trend in DC talks with Chief Sustainability Officer, Lisa Larroque Alexander, & other energy experts
SoCalGas Partners on Project Seeking to Decarbonize Commercial, and Industrial Uses with Hydrogen and Hydrogen Blending
Project, in partnership with GTI Energy, the University of California, Irvine, and the Electric Power Research Institute, will examine costs, safety and emissions reductions LOS ANGELES, April 25, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) is collaborating with GTI Energy to study the use of hydrogen and hydrogen blending in hard-to-decarbonize commercial and industrial processes, continuing its efforts to help the company and California achieve net-zero aspirations. The aim of the project is to study the use of hydrogen in heavy equipment, blended with natural gas up to 100 percent hydrogen, with an emphasis on end-uses that cannot easily be electrified. The focus of the study will be on costs, safety, and emissions reductions when introducing hydrogen in commercial and industrial uses. GTI Energy will lead the effort in collaboration with Utilization Technology Development, NFP (UTD), the Electric Power Research Institute (EPRI), the University of California, Irvine (UCI), and the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). SoCalGas has awarded $752,000 to help fund the project, which is in addition to a $1.77 million grant approved by the California Energy Commission in July 2022. The study will survey large commercial and industrial users to understand which equipment has the highest potential for decarbonization with hydrogen blends, including industries such as steelmaking, glass, cement, aerospace, and agriculture. After identifying those uses, the project team will then test commercial and industrial equipment fuel blending up to 100 percent hydrogen. "One of California's biggest challenges in achieving net zero is finding ways to decarbonize heavy industries whose functions are difficult or impossible to electrify," said Neil Navin, chief clean fuels officer at SoCalGas. "This collaboration with GTI Energy will help us identify the most promising avenues to decarbonize and take important steps toward reaching net zero through clean fuels." The project will lean on GTI Energy's significant experience in the field of hydrogen applications across different sectors and aims to provide important outcomes to the industry for hydrogen implementation across multiple end-use sectors. "We're focused on providing options for SoCalGas's commercial and industrial customers to decarbonize their operations with H2-based fuels, with an eye towards safety, equity, and environmental impacts. Decarbonizing California's businesses and industry is no small task, and we're fortunate in this effort to build on strong partnerships with SoCalGas and other utilities, in addition to an excellent technical team—including EPRI, UC Irvine, and AHRI," said Kristine Wiley, vice president of the Hydrogen Technology Center at GTI Energy. Hydrogen is set to play a critical part in SoCalGas' – and California's – energy future, particularly in decarbonizing hard-to-electrify sectors such as heavy-duty transportation, power generation, and heavy industries. Toward that end, SoCalGas is working to develop Angeles Link, a proposed, dedicated clean renewable hydrogen pipeline system that could deliver clean, reliable, renewable energy to the Los Angeles region. In December, the California Public Utilities Commission (CPUC) approved SoCalGas' request to track costs for advancing the first phase of the project, which could be the nation's largest dedicated clean renewable hydrogen pipeline system and support significantly reducing greenhouse gas emissions from heavy-duty trucks, power generation, industrial processes, and other hard-to-electrify sectors of the Southern California economy. Angeles Link, the [H2] Innovation Experience, and more than a dozen hydrogen demonstration projects SoCalGas is currently pioneering, are all part of its ongoing efforts to help accelerate California's energy transition. For more information about SoCalGas's hydrogen innovation, visit https://www.socalgas.com/sustainability/hydrogen/. About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas's mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replace 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; our ability to borrow money on favorable terms and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to current and future customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, disclosures, and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; our ability to incorporate new technologies into our business, including those designed to support governmental and private party energy and climate goals; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. 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 Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
SoCalGas' Climate Champions Grant Awards Additional $200,000 to Recipients to Further Climate Solutions
Five non-profit organizations receive an additional $40,000 each to continue research and development of local projects and programs that advance innovative climate solutions towards decarbonization, diversification, and digitalization for a clean energy future. LOS ANGELES, April 24, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced that the SoCal Climate Champions Grant is awarding an additional $200,000 in grants to support research projects and programs that foster clean, safe, and innovative solutions to help achieve California's climate and clean energy goals, as part of the company's ASPIRE 2045 sustainability strategy. In 2021, ten nonprofits were each awarded $40,000 in grants for their efforts promoting climate solutions throughout Southern California. Five of these organizations have been selected in 2022 to receive an additional $40,000 each in a one-time second phase granting process. "We are always looking for new ways to support projects and programs that promote wellbeing in the communities we serve," says Jawaad Malik, chief sustainability and strategy officer at SoCalGas. "These outreach efforts highlight how our company's ASPIRE 2045 vision, together with our community partners, can lead to real, actionable solutions that help improve air quality and reduce our carbon footprint." One of the recipients of the second-phase grant is LA Compost's project, Bringing Community Level Composting Access to Los Angeles. The program develops community-based composting systems for food scrap collection, as well as compost education, creation, and uses. "Our community level-systems strive to keep the valuable resource of compost local, especially within Los Angeles neighborhoods most vulnerable to climate change," says Michael Martinez, Founder and Executive Director of LA Compost. "In 2022, our decentralized network in Los Angeles was able to divert nearly four million pounds of food and carbon-based organics from landfills, reduce an estimated 3,750 metric tons of CO 2 from entering the atmosphere, and repurpose an estimated 14.3 million gallons of water from food waste through compost production." The San Diego State University Research Foundation (SDSURF) is also making strides in sustainable agriculture through its Farms of the Future project. Led by Dr. Saeed Manshadi, the project has also been awarded a second-phase grant, with a primary focus on reducing the carbon intensity of agriculture in the Imperial Valley. Dr. Manshadi shared his enthusiasm for the project, stating, "We are thrilled with the progress we've made so far in advancing sustainable agriculture in the Imperial Valley. Our goal is to encourage at least 30% of farm owners to explore electrification within the first year, and we're delighted to have already exceeded that target. By presenting this road map, we hope to reduce carbon emissions by 30% and help improve air quality in agricultural activities related to transportation, irrigation, and water supply in the food production supply chain." Other second-phase grant recipients include The Ecology Center's Compost and Expansion and Education Initiative, a project that aims to inspire healthy change in the food system and strengthen the growing number of satellite and school farms they serve; the Cal Poly Pomona Philanthropic Foundation's Low-cost Energy Storage Using Repurposed Desalination Salt project, which aims to use desalination salt as a low cost solution to store excess intermittent renewable energy; and The Amigos De Los Rios' Emerald Necklace – Rio Hondo, San Gabriel River, & School Greening project that plants trees and native shrubs in critical areas along urban river corridors as well as schools. "Climate change is a global issue, but it is important that we develop local solutions that can be replicated throughout the state, supporting our under resourced communities most impacted by pollution and climate change," said Assemblymember Eduardo Garcia (D- Coachella). "SoCalGas' Climate Champions Grant will advance many of the great local projects and research taking place in southern and central California. Funding research projects like these have the potential to reach beyond just one neighborhood or city and could help lay the foundation for the climate solutions of tomorrow." Over the last two years, the SoCal Climate Champions Grant has awarded $600,000 in grants to support nonprofit organizations. The grant will be made available again this year with another $400,000 in funding. The application process for 2023 will be open from April 24 th to June 23 rd. Grant recipients will: Receive an award of up to $50,000 to fund new or on-going efforts that align with the Initiative. Gain recognition in a community of accomplished nonprofit leaders from diverse programs. Share their stories through the grant program. Be offered the aid of SoCalGas volunteers. Successful applicants to the SoCal Climate Champions Grant will demonstrate research, projects, or programs that aim to advance climate solutions that reduce, mitigate, or sequester greenhouse gas emissions and improve air quality, or drive clean energy or organic waste diversion solutions in the communities we serve. Since its inception in 2015, the SoCal Climate Champions Initiative, which is funded by Sempra shareholders, has awarded more than 150 grants totaling nearly $2.5 million. A complete list of the 2021-2022 grant recipients can be found here. Under the ASPIRE 2045 Sustainability Strategy, SoCalGas plans to invest $50 million into communities the company serves over five years, working to advance racial and gender diversity in the workplace, and take tangible steps towards a carbon neutral future. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; our ability to borrow money on favorable terms and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to current and future customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, disclosures, and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; our ability to incorporate new technologies into our business, including those designed to support governmental and private party energy and climate goals; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. 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 Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Employees celebrate Earth Month through service
Sempra family of companies, and hundreds of energy employees support Earth Month with sustainability events across California and Texas
Sempra to Report First-Quarter 2023 Earnings May 4
SAN DIEGO, April 17, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its first-quarter 2023 earnings by 7 a.m. ET on Thursday, May 4. Sempra executives will conduct a conference call at 12 p.m. ET on Thursday, May 4. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation detailing the earnings results will be published to Sempra's Investors site by 7 a.m. ET on Thursday, May 4. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor's Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. SOURCE Sempra
2023 Restaurant Resilience Grants Soon to be Available for Central and Southern California Independent Restaurants
SoCalGas' $1 million donation to California Restaurant Foundation to support qualifying restaurants with $5,000 grants; applications open April 15 to May 7 LOS ANGELES, April 12, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced that grant applications for the California Restaurant Foundation's (CRF) Restaurants Care Resilience Fund will open April 15 to May 7, making $5,000 grants available to 177 restaurants in SoCalGas' service area, with a total of 360 grants available statewide for qualifying independent restaurants. The grants will go towards technology adoption, equipment upgrades, employee onboarding and retention, or unforeseen hardships. This latest round of grants follows SoCalGas' $1 million donation earlier this year to the foundation's Restaurants Care Resilience Fund to support independently owned restaurants. Together, this brings this year's fund total to $2.1 million, making it the largest Restaurants Care® Resilience Fund to date since the program started in 2021."SoCalGas is partnering with the California Restaurant Foundation's Restaurant Resilience Fund for the third consecutive year with grants for independent restaurants. Restaurants are the fabric and flavor of our local communities, and the work of the foundation helps support and sustain local restaurant owners, their employees, and their businesses," said David Barrett, SoCalGas senior vice president, general counsel, and California Restaurant Foundation board member. Since its inception, the Resilience Fund has awarded 788 grants to independent restaurants across California. Among them, 68.5% were women-owned and 83% were owned by people of color. "We are so grateful for SoCalGas' continued support of our Restaurants Care Resilience Fund, as it allows us to help independent restaurant owners in central and southern California to build resilience and strengthen their business for the long term," said Alycia Harshfield, executive director of the California Restaurant Foundation. "The Resilience Fund grants directly benefit the local community by providing restaurant owners with financial assistance to adopt new technologies, upgrade equipment, promote employee training and retention, and weather unforeseen hardships. Thanks to SoCalGas' generosity, this will be our biggest and most impactful Resilience Fund yet!" " California's restaurants have faced unprecedented challenges throughout the pandemic, and this grant from the California Restaurant Foundation and SoCalGas will provide funds to help small businesses continue to be a part of our communities," said Assembly Member Miguel Santiago. "We are so thankful to SoCalGas for last year's grant. We were able to purchase a new refrigerator for our kitchen, and with the funding, upgraded it to a more energy-efficient model that better serves my customers and the planet," said 2022 grant recipient Claire Risoli, owner of Pocha LA in Highland Park. "I was also able to award my steadfast employees with a bonus on their paycheck for their loyalty and service, despite the hardships we experienced the past few years. Our team is the heart of Pocha and I know my food is not my greatest asset – my people are." In addition to providing financial support to restaurants, SoCalGas offers programs and services to help business customers select energy-efficient equipment. Restaurant owners can schedule a 'Try Before You Buy' demo with gas cooking equipment before purchasing, request a no-cost energy survey to be conducted by a utility expert, and obtain information on rebates and incentives for eligible gas cooking equipment, water heating, heat recovery products, and energy-efficient upgrades installation. Commercial customers are invited to attend our No-Cost Foodservice Equipment Expo, April 25th-26th, 2023, 10am to 3pm at the SoCalGas Energy Resource Center, located at 9240 Firestone Blvd., Downey, CA 90241. There, commercial customers can reconnect and rebuild, discover new operational savings and performance tools, and learn about new products and technologies for success. Resilience Fund applications will be open from April 15 to May 7, 2023, and can be found at www.restaurantscare.org/resilience. Grants will be available to all California-based restaurant owners located in the SoCalGas's service areas that have less than five units and less than $3 million in revenue. Priority will be given to restaurants who have yet to receive a grant; however, previous recipients are encouraged to re-apply. The Resilience Fund is currently accepting additional support from corporations, foundations, and individuals who want to invest in California's restaurant community. Donations of all sizes are accepted and celebrated at www.restaurantscare.org/resilience. For more information about the California Restaurant Foundation, Restaurants Care, or the Resilience Fund, please visit www.restaurantscare.org. SoCalGas' partnership with the California Restaurant Fund is part of the company's ASPIRE 2045 sustainability goals, which include a commitment to invest $50 million to drive positive change in diverse and underserved communities across five years. About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; our ability to borrow money on favorable terms and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to current and future customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, disclosures, and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; our ability to incorporate new technologies into our business, including those designed to support governmental and private party energy and climate goals; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. 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 Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
SoCalGas Earns the U.S. Environmental Protection Agency's 2023 ENERGY STAR Partner of the Year Award
The award reflects the company's comprehensive outreach, education, and marketing programs of energy-efficient ENERGY STAR certified products in an effort to help southern Californians save money, conserve energy, and transition to a net-zero emissions future. LOS ANGELES, April 3, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced the company was recently awarded the U.S. Environmental Protection Agency (EPA) 2023 ENERGY STAR Partner of the Year for demonstrating leadership in its energy efficiency programs that incorporate ENERGY STAR as a key strategy to help increase the adoption of energy efficiency products in homes, buildings, and facilities. SoCalGas' energy efficiency programs are the largest in the United States; over the last 5 years, SoCalGas energy efficiency programs delivered almost 240 million therms in energy savings, enough natural gas usage for more than 146,000 households a year and reduced greenhouse gas emissions (GHGs) by over 1,260,000 metric tons, the equivalent of removing nearly 273,000 cars from the road annually. These advances have also helped save SoCalGas customers over $358 million in utility bill costs. "As a national leader in energy efficiency programs we know that investments that save energy deliver value to our customers, help improve the environment, stimulate our economy, and help improve the quality of life in communities we serve," says Don Widjaja, vice president of customer solutions at SoCalGas. "Thanks to innovative programming, more than 90% of the ENERGY STAR smart thermostats purchased through our rebate program were able to be installed at no cost to disadvantaged community customers." In the first 10 months of 2022, SoCalGas has helped customers save $13.5 million dollars though ENERGY STAR product rebates. The rebates have also allowed for almost 1,300,000 therms of conserved energy: the equivalent of eliminating GHG emissions from one year's worth of electricity in 1,245 homes, or over 778,000,000 smartphones charging. Through November 1 st, 2022, the efforts of the SoCalGas residential rebate program resulted in over 15,500 ENERGY STAR smart thermostats and over 14,500 natural gas dryer purchases. ENERGY STAR natural gas tankless water heaters also saw over 16,700 rebate redemptions. "As we accelerate historic efforts to address climate change, public-private partnerships will be essential to realizing the scale of our ambition," said EPA Administrator Michael S. Regan. "I applaud this year's ENERGY STAR award winners for working with EPA to deliver a clean energy future that saves American consumers and businesses money and creates jobs." Winners are selected each year from a network of thousands of ENERGY STAR partners. SoCalGas has been a committed ENERGY STAR partner since the 1990s, and previously received the ENERGY STAR Partner of the Year Award in 2015. Energy efficiency is also helping to advance SoCalGas' ASPIRE 2045 aim to achieve net-zero greenhouse gas emissions in our operations and delivery of energy by 2045. For more ways to lower energy cost and usage throughout the year, the SoCalGas Marketplace offers affordable energy-efficiency financing, energy efficiency rebates, and assistance programs. For a complete list of 2023 winners and more information about ENERGY STAR's awards program, visit energystar.gov/awardwinners. About ENERGY STARENERGY STAR ® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $500 billion in energy costs and achieve more than 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR's impacts can be found at www.energystar.gov/impacts. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; our ability to borrow money on favorable terms and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to current and future customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, disclosures, and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; our ability to incorporate new technologies into our business, including those designed to support governmental and private party energy and climate goals; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. 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 Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
"Utility of the Year" Award Presented to SoCalGas by Greater Los Angeles African American Chamber of Commerce
GLAAACC's 29 th Annual Economic Awards Dinner recognized SoCalGas for longstanding support of African American-owned Businesses LOS ANGELES, March 31, 2023 /PRNewswire/ -- The Greater Los Angeles African American Chamber of Commerce (GLAAACC) presented "Utility of the Year" to SoCalGas Chief Executive Officer Scott Drury at their 29 th Annual Economic Awards Dinner last night. SoCalGas' Supplier Diversity Team received additional honors, with SoCalGas Vice President of Supply Chain and Operations Support Sandra Hrna receiving the "Small Business Advocate" Award and Lily Otieno, Director of Supply Chain Management and DBE, being honored with GLAAACC's "Member of the Year" Award. GLAAACC's annual economic awards ceremony recognizes individuals and businesses that have contributed to the economic growth of the African American business community within the Greater Los Angeles area. Los Angeles City Mayor Karen Bass was the event's keynote speaker, and other honorees included Los Angeles City Council President Paul Krekorian and Long Beach Mayor Rex Richardson. "Diversity and inclusion are central to SoCalGas' long term sustainability strategy, and our success in creating economic opportunities for diverse businesses is thanks to lasting partnerships with organizations like GLAAACC," said Scott Drury, SoCalGas Chief Executive Officer. "Over the past two years, SoCalGas increased its supplier spend with African American-owned businesses by more than 50%, and we are committed to creating a more inclusive economy through a broad portfolio of activity managed by our supplier diversity team." "Each year we gather to recognize those that have made a difference in the success of Black businesses in greater Los Angeles," Gene Hale, GLAAACC Chairman said. "We are proud to recognize these exceptional individuals who have gone above and beyond in providing resources, assistance, and a pathway to prosperity for thousands of Black-owned businesses." In 2022 SoCalGas spent $134 million with 71 African American-owned firms, like Vobecky Enterprises, which provides parts to protect gas infrastructure facilities, GDM, a materials and construction sub-contractor and SNEI, a biological consulting firm that has supported hundreds of SoCalGas projects for over 15 years. SoCalGas has supported GLAAACC's business development and technical assistance programs to help grow and cultivate new businesses since 2008. Through a robust portfolio of programs, SoCalGas is working to increase diverse business participation especially among African American, Native American, LGBT, and veteran businesses—categories in which certified DBEs are historically underrepresented. SoCalGas' Aspire 2045 strategy includes a goal to achieve 45% spending with diverse businesses by 2025. SoCalGas recently announced a record spend with diverse businesses of over $1 billion or nearly 43% of all goods and services with 578 minority, women, service-disabled veteran, and LGBT-owned businesses, exceeding the California Public Utilities Commission's goals for the 30th consecutive year. The company is also on track to meet its goals to increase African American vendor participation over the next five years. Over the last six years, SoCalGas spent nearly $5 billion with diverse business enterprises. Last year, SoCalGas's total charitable giving was over $8 million, of which $6.7 million went to Black, Indigenous, and People of Color (BIPOC) communities. More information about SoCalGas' commitment to supplier diversity can be found in its 2022 Supplier Diversity Annual Report. SoCalGas invites diverse businesses to engage and learn more about the Supplier Diversity Program at socalgas.com/for-your-business/supplier-diversity. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; our ability to borrow money on favorable terms and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to current and future customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, disclosures, and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; our ability to incorporate new technologies into our business, including those designed to support governmental and private party energy and climate goals; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. 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 Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. 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).