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Sempra
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Displaying results 286 - 300 of 1201
Sempra Named to 2023 Bloomberg Gender-Equality Index for Fifth Consecutive Year
SAN DIEGO, Feb. 6, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named to the Bloomberg Gender-Equality Index (GEI), which recognizes public companies that demonstrate workforce diversity and inclusion (D&I) and transparency in gender-data reporting. Companies in the GEI reflect a high level of disclosure and overall performance across five pillars of excellence, including leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies and external brand. "Our inclusion on the Bloomberg Gender-Equality Index for the fifth year in a row is a testament to our commitment to diversity and inclusion—a cornerstone of our high-performance culture," said Karen Sedgwick, chief administrative officer and chief human resources officer for Sempra. "The year-over-year increase in our GEI score reflects continued efforts to be more inclusive because we understand that gender equality and diversity make our company stronger and more innovative as we help advance a better future for all." Championing D&I Across the Sempra Family of Companies Champion people is a core value for Sempra, and across its family of companies gender equality is championed in many ways including: recruiting processes that leverage the latest artificial intelligence technology to identify and mitigate gender bias in job postings; increasing women promotions and the number of women holding director level positions; and supporting women through mentoring resources, employee resource groups (ERGs) and local D&I councils to help create a more collaborative working environment. Extending D&I Commitments into the Community Sempra's dedication to gender equality and D&I extends into the communities where its employees work and live. Sempra and its family of companies collaborate with organizations committed to advancing equality for historically underrepresented communities and support STEM programs with schools and nonprofits that advance the mentorship of young women who are seeking careers in science, technology, engineering and math. In addition, across the Sempra family of companies, programs have been developed to advance supplier opportunities for businesses owned by women, minorities, service-disabled veterans and members of the LGBTQ community. 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, 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 to Report Fourth-Quarter and Full-Year 2022 Earnings February 28
SAN DIEGO, Feb. 3, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its fourth-quarter and full-year 2022 earnings by 7 a.m. ET, Tuesday, Feb. 28. Sempra executives will conduct a conference call at 12 p.m. ET, Tuesday, Feb. 28. 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, Tuesday, Feb. 28. 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 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, 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 Recognized Among World's Most Admired Companies by Fortune Magazine
SAN DIEGO, Feb. 2, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named one of the World's Most Admired Companies for 2023 by Fortune Magazine, marking the 13 th year the company is on this prestigious list. Fortune's annual list of World's Most Admired Companies recognizes global businesses with strong corporate reputations. "It is an honor to be recognized among the world's most reputable and respected companies," said Jeffrey W. Martin, chairman and CEO of Sempra. "This type of recognition would not be possible without the extraordinary efforts of our 20,000 employees who are dedicated to delivering cleaner forms of energy to the communities we serve." Sempra's inclusion on this distinguished measure of corporate performance demonstrates the company's reputation as a leader on the global stage. The company surpassed previous years' rankings on both the full list and within the Electric and Gas Utilities category. Notably, Sempra ranked first in Global Competitiveness among its Electric and Gas Utility peers. This award builds on the growing track record of global recognition for Sempra's critical role in advancing energy infrastructure designed to deliver reliable, secure and increasingly cleaner energy to growing markets. Designation as a World's Most Admired company follows Sempra's inclusion as the No. 1 ESG Utility Leader by Investor's Business Daily, as well among the Wall Street Journal's Best-Managed Companies, America's Most JUST Companies, Newsweek's Most Responsible Companies and on the Dow Jones Sustainability North America Index. Additionally, Sempra serves as a member of the World Economic Forum's Electricity and Oil and Gas communities and International Business Council, in support of the organization's commitment to improving the state of the world. Fortune partners with Korn Ferry Hay Group, a global management consulting firm, to select companies for the annual World's Most Admired Companies list from a survey of approximately 15,000 senior executives, directors and financial analysts. Fortune considered the 1,000 largest U.S. companies, ranked by revenue, for the list along with non-U.S. companies that have revenues of approximately $10 billion or more. Companies were invited to participate across 52 industry groupings and the overall corporate reputation score is an average of nine key attribute scores. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of 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, 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
SoCalGas Declares Preferred Dividends
LOS ANGELES, Jan. 31, 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 April 15, 2023, to shareholders of record on March 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 21.8 million consumers across  24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the  cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve  net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by 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
Lieutenant Governor Kounalakis Joins SoCalGas to Unveil First-of-its-Kind [H2] Innovation Experience
This type of clean hydrogen microgrid has the potential to deliver reliable and renewable energy around-the-clock to more than 100 homes, rain or shine, for as much as seven days LOS ANGELES, Jan. 30, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) Chief Executive Officer Scott Drury was joined today by Lieutenant Governor Eleni Kounalakis to unveil and officially power on the [H2] Innovation Experience ([H2]IE), North America's first-of its kind, clean, renewable hydrogen microgrid and home. The [H2] Innovation Experience offers a look at how clean, renewable hydrogen microgrids can reliably power entire neighborhoods, day and night throughout the year. This type of clean hydrogen microgrid has the potential to deliver reliable and renewable energy around-the-clock to more than 100 homes, rain or shine, for as much as seven days. "Innovative projects like the [H2]IE demonstrate how California is leading the clean energy transition," said Lieutenant Governor Kounalakis. "This first-of-its-kind project shows how clean renewable hydrogen and microgrids can help power homes, enhance grid reliability, and preserve and grow good-paying union jobs in our state." "The [H2] Innovation Experience showcases how California can achieve two of its top policy priorities – energy reliability and decarbonization – at the same time," said SoCalGas Chief Executive Officer, Scott Drury. "This innovative project demonstrates how the gas and electric grids – working together – can help California reach net-zero emissions more quickly, affordably, and reliably." Located at the SoCalGas Energy Resource Center in the city of Downey, the [H2] Innovation Experience is centered around a state-of-the-art microgrid that is producing clean, renewable hydrogen made from solar electricity on-site. The 2,000 square-foot home was built to adhere to Leadership in Energy and Environmental Design (LEED) Platinum standards and is powered by reliable and clean, renewable hydrogen 24 hours a day, 7 days a week, 365 days a year. The microgrid draws power from solar panels on sunny days and converts excess energy into renewable hydrogen, which can be stored and then converted back into electricity via an on-site hydrogen fuel cell. Clean, renewable hydrogen will also be blended with natural gas and used in the home's tankless water heater, clothes dryer, stove, fireplace, and BBQ grill. In 2021, the [H2] Innovation Experience received a Fast Company's World-Changing Ideas in North America Award. More recently, the Los Angeles chapter of the U.S. Green Building Council recognized the project for its sustainable innovation. What others are saying about the [H2] Innovation Experience "The [H2]IE makes use of world-class energy infrastructure that UWUA members have built over the past century and brings the promise of fresh opportunities for tens of thousands of UWUA members who operate and maintain our infrastructure every day," said James T. Slevin, president of Utility Workers Union of America, AFL-CIO. " California needs labor to meet its ambitious plans to address climate change... and we are here," said Aaron Stockwell, international representative with the United Association. "This project gives us a glimpse of what we can accomplish when ambition and innovation are partnered with our skilled workforce." "As we work toward achieving California's clean energy goals, hydrogen will play an essential role in meeting future energy demand. The Hydrogen Innovation Experience is an important step in realizing hydrogen's full potential," said Ramon Ponce de Leon, Jr., president of the International Longshore and Warehouse Union Local 13. "With green hydrogen, ILWU members at our vital ports of Los Angeles and Long Beach retain their good union jobs operating equipment that is clean, flexible, and cost-effective." "Small, minority-owned businesses are the backbone of Los Angeles' economy," said Gene Hale, chairman of the Greater Los Angeles Chamber African American of Commerce. "The Los Angeles African American business community is already working to forge more sustainable communities, and we are excited to be a part of innovative projects like the [H2]IE that help bring us closer to that goal." "For a business like ours that builds critical infrastructure and helps diverse communities across California thrive, hydrogen represents our next infrastructure boom," said George Pla, founder and CEO of Cordoba Corporation. "The [H2]IE is symbolic of what this can look like in everyday lives. California is blessed with vibrant diverse businesses needed to support this next generation of energy infrastructure." "The [H2]IE has significant positive implications for the future of California's businesses," said Jennifer Barrera, president and CEO of CalChamber. "Our businesses need access to clean and reliable energy. California's business community is enthusiastic about this project and the promise of cleaner technologies that best meet our needs." Sustainability Leadership SoCalGas is a leader in sustainability, having been the first large natural gas utility in the United States to announce its aim to have net zero greenhouse gas emissions by 2045. A key component of its sustainability efforts is Angeles Link, a proposed green 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 green hydrogen pipeline system and support significantly reducing greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, 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. SoCalGas's sustainability strategy also extends to the more than 500 diverse communities the company serves across California. In 2021, for example, SoCalGas spent nearly $1 billion with more than 570 diverse business enterprises, procuring over 42% of total goods and services from women, minority, service-disabled veteran, LGBT, and small disadvantaged businesses. The company also increased spending with African American vendors by almost 50%. Over the last five years, SoCalGas has spent $3.9 billion with diverse business enterprises. SoCalGas' efforts were recognized in October, when the company was awarded the top "Business Transformation Award" at Reuters Events' 2022 Responsible Business Awards for having established truly transformative sustainability priorities with the potential to create impact at scale in the energy sector and beyond. "The [H2] Innovation Experience is just another progression in SoCalGas' evolution as we innovate toward net-zero emissions and leverage our 150-year history, scale, vast infrastructure, and highly skilled workforce to support California's clean air and climate goals," Drury added. For more information about the [H2] Hydrogen Experience, visit socalgas.com/h2ie. For B-roll and photos of the [H2] Innovation experience, click here. About SoCalGas Headquartered in Los Angeles,  SoCalGas® is the  largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across  24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the  cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve  net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by 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 other factors. 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, 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; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to 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; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities 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 limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; 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, http://www.sec.gov , and on Sempra's website, http://www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, 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 Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Sempra Infrastructure and PKN ORLEN Sign Sale and Purchase Agreement for Port Arthur LNG
Required offtake capacity for Port Arthur LNG Phase 1 is fully subscribed HOUSTON, Jan. 25, 2023 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with PKN ORLEN S.A., which recently acquired the Polish Oil & Gas Company (PGNiG), for the supply of liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project under development in Jefferson County, Texas. With this agreement, the projected LNG off-take capacity for the Phase 1 project is now fully subscribed under binding long-term agreements. Under the SPA, PKN ORLEN has agreed to purchase approximately 1 million tonnes per annum (Mtpa) of LNG from the Port Arthur LNG Phase 1 project on a free-on-board basis for 20 years. "We are excited to partner with PKN ORLEN, Central Europe's largest energy group, as they continue to look for long-term, diverse supplies of secure energy sources," said Justin Bird, CEO of Sempra Infrastructure. "With the long-term off-take capacity for Phase 1 now sold under binding agreements, we expect to reach FID later this quarter and commence construction on the Port Arthur LNG Phase 1 project to help meet the increasing demand for LNG across Europe and the rest of the world." "We are delighted to enter into this long-term agreement with Sempra Infrastructure. This is an important step towards strengthening PKN ORLEN's position as a cornerstone of crude and fuel supply security in Central and Eastern Europe," said Daniel Obajtek, CEO of PKN ORLEN. "Already last year, during a very tense situation on the EU energy market, the United States became one of the main suppliers of natural gas to Poland. By establishing a partnership with Sempra Infrastructure, we are increasing the diversification of our import portfolio and we are securing additional volumes of natural gas, which will be used both to provide for the needs of the Polish customers and to enhance PKN ORLEN's presence in the international energy market." Sempra Infrastructure has previously announced it has entered into long-term agreements with each of ConocoPhillips, INEOS, ENGIE and RWE for the sale and purchase of LNG from the proposed Phase 1 project. In aggregate, Port Arthur LNG Phase 1 is now fully subscribed with 10.5 Mtpa under binding long-term agreements. The company is focused on completing the remaining steps necessary to achieve its goal of making a final investment decision for the Port Arthur LNG Phase 1 project in the first quarter of 2023, with first cargo deliveries expected in 2027. The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development. Development of the Port Arthur LNG projects is contingent upon completing the required commercial agreements, securing and/or maintaining all necessary permits, obtaining financing, and reaching a final investment decision, among other factors. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the delivery of cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. About PKN ORLEN PKN ORLEN is an integrated, multi-utility company, operating in Central Europe and Canada. It provides energy and fuel to over 100 million of Europeans, while its advanced products are marketed to over 90 countries across 6 continents. PKN ORLEN pursues strengthening its position of a regional leader in energy transition by implementing clean and sustainable technologies, as well as power generation based on low- and zero-emission sources. The company's actions are driven by a strategic goal of reaching emission neutrality by 2050. 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 other factors. 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, regulations, issuances or revocations of permits or other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other 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 partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, by ransomware attacks on our systems or the systems of third-parties with which we conduct business, including to 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; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our ability to pass through any higher costs to current and future customers due to volatility in inflation, interest and foreign currency exchange rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which 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; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; 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 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 is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission. SOURCE Sempra Infrastructure
Sempra Named to JUST 100 List for America's Most JUST Companies of 2023
SAN DIEGO, Jan. 12, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named to the prestigious JUST 100 list by JUST Capital, an independent nonprofit organization dedicated to measuring and improving corporate stakeholder performance. The rankings are intended to be a comprehensive evaluation of how corporations perform on issues that matter most to the American public, such as job creation and paying a fair, living wage, acting ethically, leadership integrity, accountability, workforce health and safety and work-life balance. Sempra's position among the top 100 companies on the list is credited to the company's commitment to investing in its workforce, scoring in the top 5% for pay equity, work-life balance, benefits and 401k quality, diversity, equity and inclusion policies and workforce demographics, among others. "Sempra's recognition as an industry leader on the JUST 100 list is testament to our dedication to investing in the success of our employees and empowering them to reach their full potential," said Karen Sedgwick, chief administrative officer and chief human resources officer for Sempra. "Our strength as a company comes from our high-performance culture, which is fueled by the diverse backgrounds and experiences of our employees. These talented and dedicated 20,000 employees across the Sempra family of companies are driven by a shared commitment to our values—do the right thing, champion people and shape the future—and to creating a positive impact for our company, customers and all our stakeholders in the communities we serve." "There has never been a more important time for businesses to step up, do right by their workers and restore trust in capitalism and the American Dream," said JUST Capital CEO Martin Whittaker. "This year's JUST 100 leaders demonstrate that just business truly is better business." For the annual rankings, JUST Capital evaluated the 1,000 largest public U.S. companies across 20 issues identified through comprehensive, ongoing public opinion research on Americans' attitudes toward responsible corporate behavior. JUST Capital has engaged more than 160,000 participants, on a fully representative basis, since 2015. In 2022, Sempra released its 14 th Corporate Sustainability Report, which details the organization's commitment to an inclusive and high-performance culture along with the company's progress in four key areas: enabling the energy transition, driving resilient operations, achieving world-class safety and championing people. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and has been included on the Dow Jones Sustainability North America Index for 12 consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra
SoCalGas Triples Contribution to Gas Assistance Fund to Help Customers Impacted by Historically High Natural Gas Prices
Company encourages customers to take advantage of conservation tips and programs to help reduce their bills LOS ANGELES, Jan. 6, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced a $1 million contribution to the Gas Assistance Fund, a program that helps income-qualified customers pay their natural gas bills. Customers will be facing bills that could be double or higher compared to last year's winter bills. The high bills are a result of historically high natural gas prices in the western United States. SoCalGas doesn't set the price for natural gas. Instead, natural gas prices are determined by national and regional markets. SoCalGas buys natural gas in those markets on behalf of residential and small business customers, and the cost of buying that gas is billed to those customers with no markup, meaning SoCalGas does not profit from gas commodity prices going up. According to the US Energy Information Administration (EIA), a number of factors are contributing to higher natural gas commodity prices. Widespread, below-normal temperatures on much of the West Coast, including Washington and Oregon; High natural gas demand for heating by customers in areas with below normal temperatures; Reduced natural gas supplies to the West Coast from Canada and the Rocky Mountains; Reduced interstate pipeline capacity to the West Coast because of pipeline maintenance activities in West Texas; and Low natural gas storage levels on the West Coast. A detailed report about these market conditions can be found here: https://www.eia.gov/naturalgas/weekly/. The Gas Assistance Fund is a joint effort between SoCalGas and United Way of Greater Los Angeles, working with non-profit organizations throughout our service territory, to help income-qualified customers pay their natural gas bill with a one-time grant of up to $100 per household. Full guidelines for qualification can be found at https://www.socalgas.com/gaf. "We know that these higher prices have a real impact on our customers," said Senior Vice President and Chief Customer Officer Gillian Wright. "But we want them to know that there is help. We have valuable information on how to conserve energy, programs to assist with managing your energy usage and an unprecedented contribution to our Gas Assistance Fund, which will help our most vulnerable customers pay their bills." To help customers manage energy usage and possibly save on bills, SoCalGas recommends the following tips: Lowering your thermostat three to five degrees – if health permits – can save up to 10 percent on heating costs. Installing proper caulking and weather-stripping can save roughly 10 to 15 percent on heating and cooling bills. Washing clothes in cold water to save up to 10 percent on water heating costs. Considering turning down the temperature on your water heater. Limiting use of non-essential natural gas appliances such as spas and fireplaces. SoCalGas' free Ways to Save tool may also help customers find ways to save on natural gas bills, with a personalized savings plan that offers a household energy analysis, customized energy-efficiency recommendations, bill comparisons and energy usage comparisons. Ways to Save can be found at www.socalgas.com/waystosave. Customers can also sign up for weekly Bill Tracker Alerts to monitor gas consumption, take steps to reduce usage, and avoid bill surprises. Alerts are sent through email or text and include a bill-to-date and projected next bill amount to help manage energy bills as easily as possible. Eligible customers may also sign up for a Level Pay Plan (LPP), which averages their annual natural gas use and costs over 12 months. SoCalGas also encourages individuals who are experiencing hardship to explore the many bill payment or assistance programs options it offers or to call 1-800-427-2200. Customers may be eligible for one of many assistance programs including: California Alternate Rates for Energy (CARE): Eligible participants can save 20 percent on their natural gas bill. Socalgas.com/CARE Energy Savings Assistance Program (ESAP): Eligible customers can save energy and money through professional home improvements at no cost. Socalgas.com/Improvements Residential Advanced Clean Energy Program (RES DI): Eligible customers residing in single-family homes can receive a complimentary walkthrough energy assessment and installation of energy technologies to help conserve and lower energy usage. Arrearage Management Plan (AMP): Eligible customers can apply to have their past due balance forgiven. Learn more at www.socalgas.com/forgiveness. For more information on tips, programs and ways to save, visit https://newsroom.socalgas.com/stories/a-note-to-our-customers-high-bill…. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by 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 other factors. 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, 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; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to 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; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities 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 limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; 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, http://www.sec.gov , and on Sempra's website, http://www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, 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 Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Sempra Infrastructure Announces Sale and Purchase Agreement with RWE for Port Arthur LNG
HOUSTON, Dec. 28, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with RWE Supply & Trading, a subsidiary of RWE (RWE: AG), for the supply of approximately 2.25 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project under development in Jefferson County, Texas. The LNG will be delivered on a free-on-board basis for 15 years. The agreement also provides a framework to explore ways to lower the carbon intensity of LNG produced from the Port Arthur LNG Phase 1 project through GHG emission reduction, mitigation strategies and a continuous improvement approach. "We could not be more excited to finalize our agreement with RWE as we continue supporting the energy security and environmental goals of our European customers," said Justin Bird, CEO of Sempra Infrastructure. "Because of its scale, location and permitting status, Port Arthur LNG is benefitting from a lot of commercial momentum with nearly all the projected off-take capacity for Phase 1 now under long-term agreements with some of the leading global energy companies. Today's announcement moves us one step further along in the process of making Port Arthur LNG a reality." "Our partnership with Sempra Infrastructure, one of the leading companies for LNG infrastructure in the US, is another important step to diversify Germany's gas supply and thus contributes to enhancing security of supply in Europe on a long-term basis," said Andree Stracke, CEO of RWE Supply & Trading. "Thanks to the LNG supply contract with Sempra Infrastructure, we can also enlarge our international LNG portfolio." Sempra Infrastructure recently announced it has entered into long-term agreements with ConocoPhillips, INEOS and ENGIE for the sale and purchase of approximately 7.3 Mtpa of LNG from the proposed Phase 1 project. The company is focused on completing the remaining steps necessary to achieve its goal of making a final investment decision for Phase 1 of the liquefaction project in the first quarter of 2023, with first cargo deliveries expected in 2027. The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development. Development of both phases of the Port Arthur LNG project is contingent upon completing the required commercial agreements, securing and/or maintaining all necessary permits, obtaining financing, and reaching a final investment decision, among other factors. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the delivery of cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. About RWE RWE is leading the way to a green energy world. With an extensive investment and growth strategy, the company will expand its powerful, green generation capacity to 50 gigawatts internationally by 2030. RWE is investing more than €50 billion gross for this purpose in this decade. The portfolio is based on offshore and onshore wind, solar, hydrogen, batteries, biomass and gas. RWE Supply & Trading provides tailored energy solutions for large customers. RWE has locations in the attractive markets of Europe, North America and the Asia-Pacific region. The company is responsibly phasing out nuclear energy and coal. Government-mandated phaseout roadmaps have been defined for both of these energy sources. RWE employs around 19,000 people worldwide and has a clear target: to get to net zero by 2040. On its way there, the company has set itself ambitious targets for all activities that cause greenhouse gas emissions. The Science Based Targets initiative has confirmed that these emission reduction targets are in line with the Paris Agreement. Very much in the spirit of the company's purpose: Our energy for a sustainable life. 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 other factors. 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, regulations, issuances or revocations of permits or other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other 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 partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, by ransomware attacks on our systems or the systems of third-parties with which we conduct business, including to 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; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our ability to pass through any higher costs to current and future customers due to volatility in inflation, interest and foreign currency exchange rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which 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; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; 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 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 is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission. SOURCE Sempra Infrastructure
Sempra Infrastructure Receives Export Licenses for Two LNG Projects
HOUSTON, Dec. 22, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that Energía Costa Azul, S. de R.L. de C.V. (ECA LNG) and Vista Pacifico, S.A.P.I. de C.V. (Vista Pacifico LNG) received authorization from the U.S. Department of Energy (DOE) to re-export U.S.-sourced liquefied natural gas (LNG) from Mexico to non-Free Trade Agreement (FTA) nations. The DOE's significant action is an important milestone for these two development projects, which now are each one step closer to supporting the world's energy security and environmental goals. "Advancing new infrastructure investments is critical to supporting the energy needs of America's allies, and we are grateful for the leadership of the Biden Administration, U.S. Energy Secretary Jennifer Granholm, and various Congressional stakeholders—including Sens. Joe Manchin, Ted Cruz and John Cornyn. These export projects are expected to support efforts across the Indo-Pacific region to diversify energy supplies while transitioning away from coal in power production," said Justin Bird, CEO of Sempra Infrastructure. "They are also expected to help strengthen U.S. trading relationships, as well as create new jobs and boost the U.S. and Mexico economies." Under the permits granted by DOE, Vista Pacifico LNG is authorized to re-export up to 200 billion cubic feet per year (Bcf/yr) of LNG from U.S.-sourced natural gas from the project under development in Topolobampo, Sinaloa, Mexico to any country with which the United States does not have an FTA requiring national treatment for trade in natural gas. Vista Pacifico LNG is projected to be a mid-scale facility with approximately 3.5 million tons per annum (Mtpa) of export capacity. Sempra Infrastructure is advancing the development of Vista Pacifico LNG in collaboration with Mexico's Federal Electricity Commission (CFE), as previously announced. The DOE also increased the authorized export volumes of ECA LNG Phase 2, permitting it to re-export up to 636 Bcf/yr of LNG from U.S.-sourced natural gas from the proposed project in Ensenada, Baja California, Mexico to non-FTA nations. Both permits are applicable for the period beginning on the date of first commercial re-export through December 2050. The proposed ECA LNG Phase 2 is expected to be comprised of two trains and one LNG storage tank and produce approximately 12 Mtpa of export capacity. ECA LNG Phase 1 received non-FTA export authorization in 2019 and is currently under construction with commercial operations expected in 2025. Development of ECA LNG Phase 2 and Vista Pacifico LNG is contingent upon completing the required commercial agreements, securing all necessary permits, obtaining financing, and reaching a final investment decision, among other factors. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the delivery of cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. 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 other factors. 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, regulations, issuances or revocations of permits or other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other 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 partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, by ransomware attacks on our systems or the systems of third-parties with which we conduct business, including to 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; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our ability to pass through any higher costs to current and future customers due to volatility in inflation, interest and foreign currency exchange rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which 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; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; 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 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 is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure
Sempra Named to Dow Jones Sustainability North America Index for 12th Consecutive Year
SAN DIEGO, Dec. 21, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it has been named to the Dow Jones Sustainability North America Index (DJSI North America) for the 12th consecutive year. The company was recognized as a high performer in the utilities sector and achieved 100th percentile scores in the policy influence, information security and/or cybersecurity and water-related risk categories. "As the owner of one of the largest energy networks in North America, we recognize the importance of making new infrastructure investments to advance energy security, future economic growth and the development of a lower-carbon society," said Trevor Mihalik, executive vice president and chief financial officer at Sempra. "This recognition is a testament to our employees' positive impact on the environment and their dedication to safety and operational excellence." Sempra is committed to maintaining its position as a leader among U.S. energy infrastructure companies in the areas of environmental, social and governance (ESG) performance as described in its annual corporate sustainability report. DJSI North America, a leading benchmark for corporate sustainability, recognizes the top 20% of sustainability performers among the largest 600 U.S. and Canadian companies in the S&P Global Broad Market Index based on long-term economic, environmental and social criteria. Sempra's three growth platforms – Sempra California, Sempra Texas and Sempra Infrastructure – are strategically positioned to serve the growing needs of consumers in key markets in North America and around the world, while staying at the forefront of innovation and integrating cleaner forms of energy for the benefit of customers. Sempra's value proposition comes to life through its commitment to sustainable business practices across its family of companies, with a view toward making a positive impact in every market it serves. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and has been included on the Dow Jones Sustainability North America Index for 12 consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra
Deborah Martin Q&A: developing top-tier talent
Sempra Vice President of Talent Management, Deborah Martin, discusses energy sector talent landscape, and Sempra's award-winning work culture.
Sempra Ranked Top Utility on Wall Street Journal's Best-Managed Companies for 2022
SAN DIEGO, Dec. 19, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) is the highest-ranked utility on the Wall Street Journal's Management Top 250 ranking for 2022. The Management Top 250 is one of the most prestigious ranking efforts dedicated to measuring corporate effectiveness. This is the fourth time the company has been named to the Management Top 250, and the second consecutive year it has been ranked highest among industry peers in its category. "This distinction reflects the concerted efforts of our 20,000 employees, who are unified by our mission to build the leading energy infrastructure company in North America," said Jeffrey W. Martin, chairman and CEO of Sempra. "By continuing to invest in a high-performing culture and sustainable business practices, we expect to capture new opportunities and continue delivering long-term value for our shareholders and other stakeholders." The Wall Street Journal assembled its rankings with the help of the Drucker Institute, a think tank based at Claremont Graduate University's Drucker School of Management. Their mathematical model, which includes a total of 34 metrics, serves as the basis for the Management Top 250. This year, more than 900 companies were graded in five categories: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. Sempra's three growth platforms – Sempra California, Sempra Texas and Sempra Infrastructure – are strategically positioned to serve the growing needs of consumers in key markets in North America and around the world while staying at the forefront of innovation and integrating cleaner forms of energy. The company's value proposition comes to life through its commitment to sustainable business practices across the Sempra family of companies. With an unwavering focus on safety, resilience, energy security and climate security, the Sempra family of companies is working to deliver lower and zero-carbon energy and provide sustainable, long-term value for the company's shareholders and other stakeholders. Earlier this year, the company released its 14 th Corporate Sustainability Report, sharing progress on goals in four key areas: enabling the energy transition, driving resilient operations, achieving world-class safety and championing people. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and has been included on the Dow Jones Sustainability North America Index for 12 consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra
SoCalGas Achieves Important Milestone in Advancing Proposed Angeles Link Green Hydrogen Infrastructure System
California Regulator Determines: Angeles Link, "has the potential to decarbonize the state's and the Los Angeles Basin's energy use." "Public interest is served if SoCalGas begins conducting a feasibility study of the Project immediately." SoCalGas to join members of the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) in support of the State of California's application for historic federal funds to support regional hydrogen hubs LOS ANGELES, Dec. 16, 2022 /PRNewswire/ -- The California Public Utilities Commission (CPUC) has approved Southern California Gas Co.'s (SoCalGas') request to track costs for advancing the first phase of Angeles Link, a proposed green hydrogen pipeline system that could deliver clean, reliable, renewable energy to the Los Angeles region. As envisioned, Angeles Link could be the nation's largest green hydrogen pipeline system and support significantly reducing greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, and other hard-to-electrify sectors of the Southern California economy. In a final decision, the CPUC declared, "the public interest is served if SoCalGas begins conducting a feasibility study of the Project immediately." The agency also asked SoCalGas to join members of the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) in support of California's application for a share of $8 billion in available federal funds to support regional hydrogen hubs. " California has some of the boldest climate and clean air goals in the nation. The proposed Angeles Link aligns SoCalGas' scale, 150 years of expertise in service, and our highly skilled workforce with the clean energy and environmental policies that will shape this century," said SoCalGas Chief Executive Officer, Scott Drury. "As the CPUC's decision highlights, Angeles Link has the potential to support decarbonization for hard-to-electrify sectors of our economy, improve our air quality, bring new economic opportunities as well as sustain and grow skilled jobs to our region." "As the chair of the California Senate Select Committee on Hydrogen Energy, it is my goal to help California continue serving as a national and global leader in clean hydrogen development so we can reach our clean energy and zero emission vehicle goals," said California Senator Bob Archuleta (D- Pico Rivera). "This decision on Angeles Link by the CPUC advances California's leadership on hydrogen and better positions the state to secure billions in federal funding opportunities via ARCHES." Proposed in February of this year, Angeles Link would serve hard-to-electrify industries like dispatchable electric generation, heavy duty trucking and industrial processes. As contemplated, Angeles Link would deliver green hydrogen in an amount equivalent to almost 25% of the natural gas SoCalGas delivers today. In serving those industries, Angeles Link's green hydrogen could: Displace up to 3 million gallons of diesel fuel per day, or 1 billion gallons annually, and enable conversion of up to four natural gas power plants to run on clean renewable hydrogen. Eliminate nitrogen oxide (NO x) and carbon dioxide (CO 2) equal to removing 3.1 million cars off the road annually. Generate billions of dollars in new clean energy investments in the LA Basin and create thousands of new union jobs. Over time and combined with other future clean energy projects, Angeles Link could also help reduce natural gas demand served by the Aliso Canyon natural gas storage facility, facilitating its ultimate retirement, while continuing reliable and affordable energy service to the region. Consensus Grows: Clean Renewable Hydrogen Key to Reaching California's, Nation's Climate Goals There is growing recognition among experts and policymakers that a broad set of tools will be needed to achieve California's climate and clean air goals by mid-century, including electrification, clean fuels like renewable natural gas and clean renewable hydrogen, and carbon management. The California Air Resources Board's (CARB's) recent Scoping Plan calls for scaling up, "new options such as renewable hydrogen for hard-to-electrify end uses" in its roadmap to decarbonize California. The federal government has also signaled that clean renewable hydrogen will play a key role in a clean-energy future, with billions of dollars in funding becoming available to develop clean renewable hydrogen hubs. The Angeles Link project could extend California's position as a leader on clean energy well into the future, while potentially helping to attract billions of dollars in new investment and maintaining and creating thousands of skilled jobs. "Green hydrogen is an important pathway to reach our goal of zero-emissions cargo operations at the Port," said Port of Los Angeles Executive Director Gene Seroka. "The Port and our terminal partners have five active hydrogen demonstration projects and, ultimately, Angeles Link can play a key role in providing green hydrogen at the scale needed to achieve our zero-emissions and decarbonization goals by 2030." "This decision demonstrates that California is a clear leader in paving the way for clean energy infrastructure while ensuring good union jobs for members like Utility Workers Local 483 and our union brothers and sisters alike," said Ernie Shaw, President UWUA Local 483, AFL-CIO. "For the tens of thousands of skilled workers who build California's natural gas system, green hydrogen represents real and meaningful opportunities to participate in the state's clean energy transition," said Rodney Cobos of the Southern California Pipe Trades Council. " California's energy workers are among the most skilled and experienced in the nation, and it's important that they are ready and prepared to build the hydrogen infrastructure that projects like Angeles Link will facilitate. That's why we're glad to see that studying workforce planning and training will be a critical component of Angeles Link's next phase." "Green hydrogen looks promising as a form of long-duration energy storage that could enhance electric system reliability and as a fuel that can help California reach its net zero-carbon goals for industrial end uses that currently have no practical alternatives to the use of natural gas," said Jan Smutny Jones of Independent Energy Producers. "Establishing the memorandum account is a critical first step toward determining whether green hydrogen can supplement or replace natural gas and reduce carbon emissions from end uses that are hard to electrify." "The California Hydrogen Business Council is pleased with the California Public Utilities Commission decision to allow SoCalGas to begin incurring costs to study the feasibility of a purpose-built hydrogen pipeline," said Katrina M. Fritz, Executive Director of the California Hydrogen Business Council. "A common carrier pipeline would ensure transparent market access for hydrogen producers at all scales. The growth of this market is a necessary pathway for California to achieve deep decarbonization, as outlined in the recent update to the California Air Resources Board 2022 Scoping Plan for Achieving Carbon Neutrality." "Angeles Link is a robust project that will significantly reduce the need for fossil-based natural gas and Aliso Canyon in Los Angeles," said Kathryn Barger, who represents Los Angeles County's Fifth Supervisorial District. "I support efforts to move feasible projects forward that reduce emissions and the need for Aliso Canyon without jeopardizing grid reliability – or the good jobs and important businesses – that depend on the natural gas system. Angeles Link is a win-win for Los Angeles businesses and residents." "A hydrogen infrastructure project of this scale could help catalyze the market for clean hydrogen in California and across the Western United States," said Laura Parkan, Vice President, Hydrogen Energy Americas for Air Liquide N.A. "Our Nevada facility – currently the largest liquid hydrogen plant in the world – is already supplying the California transportation market, so a project of this scale will be another significant step forward for our hydrogen future." "Hydrogen is creating the next infrastructure boom in the U.S.," said Tracy Hernandez, Founding CEO of the Los Angeles County Business Federation (BizFed). "Estimates show green hydrogen alone could generate approximately $140 billion in revenue and support 700,000 jobs nationally by 2030. Angeles Link better positions Los Angeles to capture that revenue and benefit from those jobs." "Projects like the Angeles Link are vital to broader adoption of zero emission technologies across the state," said Craig Scott, Group Manager in Toyota's Fuel Cell Solutions Group. "Securing reliable and affordable supplies of green hydrogen allows companies like Toyota to develop next generation hydrogen fuel cell technologies for use in a variety of applications, such as our fuel cell electric vehicle powertrain for heavy-duty transport." "Securing a reliable and affordable supply of green hydrogen into the Los Angeles region, paired with more funding for zero emissions heavy-duty truck technology conversion, would enable more truck fleet owners and operators to transition their vehicles," said Matt Schrap, CEO of Harbor Trucking Association. "This decision by the CPUC to advance the Angeles Link is a crucial step towards making the transition a reality." Growing Portfolio of Sustainability, Hydrogen Innovation SoCalGas is a leader in sustainability, having announced its aim to have net-zero greenhouse gas emissions by 2045. It is the first large natural gas utility in the United States to do so. As part of SoCalGas' net-zero strategy, the company is developing an industry-leading portfolio of clean fuels demonstration projects with collaborators from private industry, the US Department of Energy and California Energy Commission, and leading research institutions such as the University of California, Irvine, and the National Renewable Energy Laboratory. More than a dozen hydrogen pilot projects are already underway across the company. In September, SoCalGas announced a proposed collaboration with the University of California, Irvine, to demonstrate how electrolytic hydrogen can be safely blended into existing natural gas infrastructure on the university's campus – an important next step in establishing a statewide injection standard for renewable hydrogen. SoCalGas is also constructing a clean renewable hydrogen microgrid as part of its [H2] Innovation Experience. The [H2] Innovation Experience is a proof-of-concept project for resilient, clean energy using an electrolyzer to convert solar energy to clean renewable hydrogen and a fuel cell to supply electricity to a home, neighborhood, or campus community – independent of the electric grid. Earlier this month, the project was awarded the U.S. Green Building Council - Los Angeles' (USGBC-LA) Sustainable Innovation Award which recognized SoCalGas' commitments to sustainability through projects that demonstrate exemplary performance. The project was also named a World-Changing Idea in North America by Fast Company in 2021. Angeles Link – Phase One and Next Steps The CPUC's approval of SoCalGas' Angeles Link memorandum account application allows the company to track costs of performing Phase One feasibility studies for the project. Phase One activities include preliminary engineering, design, along with studies of supply, demand, possible end users, pipeline configuration and storage solutions, environmental considerations, workforce planning and training, robust stakeholder outreach, and an analysis of project alternatives. "We're excited to have reached this important milestone and are grateful to the Commission and to leaders from labor, environmental organizations, government, and the private sector who are working together on the critical building blocks of California's clean renewable hydrogen economy," Drury said. "We look forward to supporting California in its application for federal hydrogen hub funding and continuing the robust, transparent and collaborative engagement process that has been a hallmark of the Angeles Link proposal from the start." For the latest information about Angeles Link, visit https://www.socalgas.com/angeleslink. About SoCalGas Headquartered in Los Angeles,  SoCalGas®  is the  largest gas distribution utility  in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across  24,000 square miles  of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.  SoCalGas' mission is to build the  cleanest, safest and most innovative energy company in America . In support of that mission, SoCalGas aspires to achieve  net-zero greenhouse gas emissions  in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by 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 other factors. 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, 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; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to 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; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities 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 limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; 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, http://www.sec.gov, and on Sempra's website, http://www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, 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 Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Sempra Named One of Newsweek's Most Responsible Companies for Fourth Consecutive Year
SAN DIEGO, Dec. 12, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it has been recognized by Newsweek as one of "America's Most Responsible Companies" for 2023, earning this distinction for the fourth consecutive year. "This prestigious recognition is a reflection of our commitment to sustainable business practices that help drive high performance, capture new opportunities and deliver long-term sustainable value for our shareholders and other stakeholders," said Lisa Alexander, senior vice president of corporate affairs and chief sustainability officer for Sempra. America's Most Responsible Companies were selected based on publicly available key performance indicators derived from Corporate Responsibility Reports, Corporate Citizen Reports or Sustainability Reports, as well as an independent survey. The methodology focused on company performance in the environmental, social and corporate governance categories, while the independent survey asked U.S. citizens about their perception of company activities related to corporate social responsibility. The final list recognizes the top 500 most responsible companies in the United States, spanning 14 industries. The full awards list can be viewed on Newsweek's website. Sempra and its operating companies advance responsible stakeholder engagement through strong governance policies and disclosures that help promote transparency and accountability. More information can be found in Sempra's annual corporate sustainability report. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and is the only North American utility sector company included on the Dow Jones Sustainability World Index for four consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra

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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).