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Displaying results 541 - 555 of 1204
How We Prepared for Hurricane Season in the Gulf Coast Region
Across Sempra’s family of companies, world-class safety for our communities and employees is paramount. During this hurricane season we remain focused on finding new and innovative ways to further our safety-first culture and maintain resilient operations. Prioritizing Safety Our teams in Louisiana and Texas continue to examine protocols, collaborate and innovate to advance safety practices. Although natural disasters can bring unexpected challenges, we invest in the expertise and knowledge to make decisions and plans based on data, science and past experiences. From managing facility design, to protecting our employees, to aligning with community leaders on emergency response plans – we prioritize safety across our businesses and communities. Insights from 2020 Last year’s hurricane season tested our emergency response plans and the team’s resiliency. Facing simultaneous category 4 storms and a worldwide pandemic, our employees upheld our safety-first mindset and our facilities proved durable against the elements. We also worked closely with the tight-knit liquefied natural gas (LNG) communities that share the Louisiana-Texas border. In our communities, Sempra donated $100,000 to small business and resident relief efforts, while the Sempra Foundation contributed $500,000 toward community recovery. As we continue driving resilient operations, informed by our experience from 2020, safety remains foundational. Read more about how the Sempra family of companies is prioritizing safety for our customers, employees and the communities where we operate. Subscribe to our Texas Newsletter
SoCalGas Aims to Advance Transformative Hydrogen Technologies via U.S. Department of Energy Hydrogen "Earthshot" RFI
LOS ANGELES, July 26, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced several of its research and development initiatives designed to enable low-cost, clean hydrogen have been submitted to the U.S. Department of Energy's (DOE) "Earthshot" Hydrogen Program's Request for Information (RFI). The submissions are intended to help DOE's Hydrogen Program prioritize projects that would accelerate clean hydrogen innovations that could reduce emissions, create jobs, and facilitate a net-zero carbon emissions economy by 2050. SoCalGas is working with multiple collaborators on these initiatives, including the University of California Irvine, University of California Los Angeles, and the Green Hydrogen Coalition, among others. "Green hydrogen is a renewable energy source that can be ready-to-go whenever it's needed for power generation, manufacturing, or transportation," said Maryam Brown, SoCalGas President. "We believe this flexible, storable fuel will be essential to achieving net-zero emissions in California, and that is why we are working collaboratively with these partners to advance these important hydrogen projects." SoCalGas recently announced its commitment to the goal of achieving net zero greenhouse gas emissions in its operations and delivery of energy by 2045. In doing so, SoCalGas became the largest gas distribution utility in the nation to include scopes 1, 2, and 3 emissions in its target, aligning with the Paris Agreement's recommendations to limit global warming to 1.5°C by achieving net zero by mid-century. The programs submitted to the DOE request include: HyDeal LA: An initiative to architect the green hydrogen ecosystem to achieve at-scale procurement of green hydrogen at $1.50/kg in the Los Angeles basin by 2030. HyDeal LA is a collaboration of green hydrogen offtakers, developers, integrators, equipment manufacturers, investors, environmental groups, and other advisors coalescing to overcome the biggest barrier to the green hydrogen economy–its high cost–by aiming to launch North America's first green hydrogen hub at scale. HyDeal LA is targeting the inclusion of power plants, industrial applications, hydrogen transportation, and ultimately, global export of green hydrogen from the ports. Renewable Hydrogen Ecosystem: A project at the University of California, Irvine (UCI) that will be designed to use hydrogen made from solar and wind energy to create a zero-emissions energy system on the UCI campus. If successful, this project would demonstrate a scalable solution that could be replicated by urban communities around the world to achieve zero emissions. Direct Solar Methane Conversion: A new technology developed by researchers at the University of California Los Angeles ( UCLA) that uses solar energy to separate the carbon and hydrogen atoms in natural gas with zero or negative emissions, creating hydrogen and capturing carbon in solid form, which can be used in high value energy technology applications when commercialized. "The Western United States has abundant renewable resources necessary to make globally-competitive low-cost green hydrogen," said Janice Lin, President and Founder of the Green Hydrogen Coalition. "By working to simultaneously aggregate multi-sectoral demand, scale production, and design the needed infrastructure for transport and storage, HyDeal LA aims to make use of these renewable resources to produce and deliver green hydrogen at scale to accelerate multi-sectoral decarbonization in power plants, transportation, and as a feedstock for industrial customers. HyDeal LA represents an opportunity for the U.S. Department of Energy to promote the development of domestic green hydrogen hubs and establish the U.S. as a leader for this vast new emerging energy export opportunity." "By using solar energy converted to hydrogen, we aim to create a 100% zero-carbon energy system on the UC Irvine campus," said Jack Brouwer, director of UCI's National Fuel Cell Research Center as well as its Advanced Power and Energy Program. "When deployed, the system we're proposing could be replicable at other universities, industrial campuses, large apartment complexes, military bases, and other multi–megawatt microgrids across the nation." "The new clean hydrogen production technology developed by UCLA researchers represents a disruptive breakthrough," said Tim Fisher, Professor and Chair of UCLA's Mechanical and Aerospace Engineering department. "When commercialized, this technology could drive the U.S. as a leader in zero carbon technology development, domestic jobs growth, and the production of clean hydrogen at very low-cost." In its RFI, the DOE notes that hydrogen "enables innovations in energy production and end uses that can help decarbonize some of the most emissions-intensive sectors of our economy: transportation, electricity generation, and industrial applications, including chemicals production. Additional decarbonization opportunities exist for low-carbon hydrogen such as for combined heat and power (CHP) in building applications and through blending with natural gas." For more information on SoCalGas' mission and climate commitment to net zero by 2045, visit www.socalgas.com/mission. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest, and most innovative energy company in America. In support of that mission, SoCalGas is committed to its goals of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
bp To Deliver Its First Carbon Offset LNG Cargo To Sempra's Energía Costa Azul Receiving Terminal In Mexico
SAN DIEGO, July 15, 2021 /PRNewswire/ -- bpGM, Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), today announced that they have entered into a contract for the delivery and receipt of the companies' first carbon offset liquefied natural gas (LNG) cargo. The cargo is expected to be delivered to the Energía Costa Azul (ECA) terminal in Mexico on July 16, 2021, and it will be sourced from bp's global LNG portfolio. Global demand for natural gas and LNG is expected to continue to grow. IEnova and Sempra LNG each intend to continue supporting this growth by diversifying their offerings, including developing bundled carbon offset LNG products to help meet customers' demand. Justin Bird, CEO of Sempra LNG said: "We are excited to advance our goal to lower GHG emission intensity at our LNG facilities. Sempra LNG continues to build a strong business portfolio focused on sustainability and the global energy transition." Carbon dioxide (CO2) and methane (CH4) emissions associated with the LNG cargo, from wellhead to discharge terminal, will be estimated using bp's GHG quantification methodology for LNG. The methodology has been developed following relevant international standards and may be updated from time to time. These estimated emissions will be offset by retiring a corresponding amount of carbon credits, sourced from a Mexican afforestation project from bp's vetted portfolio of offsets on behalf of Sempra LNG. Carol Howle, EVP of trading & shipping at bp said: "Natural gas has a key role to play in getting the world to net zero. This new offer further demonstrates our determination to remain one of the world's leading and most innovative LNG suppliers. The development and continuous improvement of a clear and reliable methodology for quantifying the carbon intensity of our LNG supply chain is an important step in helping our customers deliver their sustainability goals and supports our ambition to help the world get to net zero." Sharon Weintraub, SVP, gas and power trading international at bp said: "Delivering carbon offset LNG is an important part of meeting growing global energy demand. For bp, this is part of continuing to meet growing customer demands for new energy solutions that will amplify value for our business. For customers, this means access to exciting initiatives that can help them in pursuing their sustainability strategies by quantifying the carbon intensity associated with the LNG supply from bp's diverse portfolio of LNG sources and then offsetting those emissions." More widely, bp has set out specific GHG reductions and other aims for 2030 in support of its ambition to be a net zero company by 2050 or sooner and to help the world get to net zero. bp does not intend to rely on carbon credits to meet its 2030 aims. Tania Ortiz, CEO of IEnova added: "We are pleased to work with Sempra LNG to help deliver the much-needed natural gas to customers in Mexico in a sustainable manner. We are always looking for new ways we can create value not only through the safe and responsible operation of our facilities, but also by contributing toward the energy transition." Sempra LNG and IEnova are currently constructing liquefaction facilities that will be located adjacent to ECA. Although this carbon off-set LNG cargo is from bp's global LNG portfolio, ECA will continue to serve the needs of its existing customers, including from the receipt of multiple LNG cargoes each year pursuant to a long-term sales and purchase agreement between bp and its partners in Tangguh LNG and Sempra LNG. Sempra LNG has established a goal to operate its existing LNG infrastructure at a GHG emissions intensity 20% less than its 2020 baseline and expects to establish additional goals by 2025, as the company continues to grow and bring more projects online. About Sempra LNGSempra LNG's mission is being North America's premier LNG infrastructure company by providing sustainable, safe and reliable access to U.S. natural gas for global markets. Sempra LNG owns interests in Cameron LNG, a 12 Mtpa export facility operating in Hackberry, Louisiana and Energía Costa Azul (ECA) LNG, a 3 Mtpa export facility under construction in Baja California, Mexico. Sempra LNG is developing additional LNG export facilities on the Gulf and Pacific Coasts of North America including Port Arthur LNG in Texas, expansions of Cameron LNG and ECA LNG, as well as supporting pipelines and storage projects. Through disciplined and innovative processes, Sempra LNG is facilitating the global energy transition by leading the responsible development of lower-carbon energy infrastructure investments along the LNG value chain. For more information about Sempra LNG, please visit www.SempraLNG.com. About bpbp's purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050, or sooner and help the world get to net zero, and a strategy for delivering on that ambition. bpGM is a wholly owned subsidiary of bp p.l.c. Its main business activities include the trading of gas, power, LNG, emissions and other energy products in the UK and overseas. For more information about bp, please visit www.bp.com. About IEnovaIEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2020, the company has more than 1,400 employees and approximately $10.5 billion in total assets, making it one of the largest private energy companies in the country. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; the impact of the COVID-19 pandemic on our capital projects, regulatory approval processes, supply chain, liquidity and execution of operations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas and the impact of volatility of oil prices on our businesses and development projects; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; cybersecurity threats to the storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra Energy's website at www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not the same company as San Diego Gas & Electric or Southern California Gas Company, and Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG
Sempra To Report Second-Quarter 2021 Earnings August 5
SAN DIEGO, July 15, 2021 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its second-quarter 2021 earnings by 7 a.m. ET, Thursday, Aug. 5. Sempra executives will conduct a conference call at 12 p.m. ET, Thursday, Aug. 5. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link. Prior to the conference call, a slide presentation detailing the earnings results also will be posted by 7 a.m. ET, Thursday, Aug. 5, on Sempra's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 1398783, or it can be accessed on the company's website. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market 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 including safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @SempraEnergy. SOURCE Sempra Energy
SoCalGas and SDG&E Recognized on Nationwide List of 100 Best Places to Work in IT
LOS ANGELES and SAN DIEGO, July 12, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and San Diego Gas & Electric (SDG&E) – sister utilities in the Sempra family of companies – have earned a spot in the top 20 of Large Companies on the IDG Insider Pro and Computerworld's 2021 list of 100 Best Places to Work in IT. The list recognizes the 100 top organizations in the U.S. that create meaningful work for their IT staff while providing great benefits and compensation. "Our IT teams play an important role in making SDG&E and SoCalGas the most innovative energy companies in America. Being singled out as top-tier place to work speaks to our commitment to our employees – the culture that SDG&E and SoCalGas have created where our IT professionals feel empowered and have the tools they need to grow in their careers," said Ben Gordon, senior vice president, chief information officer, and chief digital officer for SoCalGas and SDG&E. "Despite the overwhelming obstacles the pandemic has created for many businesses, IT has managed to thrive and in fact, become more essential in the workplace. Attracting and retaining top IT talent to research, deploy and maintain technology has never been more critical," said Kate Hoy, editor of IDG's Insider Pro. "Companies that have earned a spot on the Insider Pro and Computerworld 2021 Best Places to Work in IT list have been able to foster nimble and flexible work environments – while continuing to keep competitive compensation and benefits steady. Additionally, they foster a spirit of diversity, social responsibility, training and innovation." The Best Places to Work in IT list is an annual ranking of the top 100 work environments for technology professionals by Insider Pro and Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development, training, and retention. In addition, IDG conducts extensive surveys of IT workers, and their responses factor heavily in determining the rankings. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. Over the past five years, the company invested nearly $7.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas), and Facebook. About SDG&E SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram ( @SDGE) and Facebook. San Diego Gas & Electric (SDG&E) and the Southern California Gas Company (SoCalGas) are separate companies. Each utility has a distinctive service area within the Southern California Region. SOURCE Southern California Gas Company; San Diego Gas & Electric
Sempra Provides Strategic Update And Financial Outlook At Virtual Investor Day
SAN DIEGO, June 29, 2021 /PRNewswire/ -- Today, Sempra's (NYSE: SRE) (BMV: SRE) senior management team is providing an update on the company's strategy, operations and financial outlook at its 2021 Virtual Investor Day. "Over the next decade, we see the economies of North America becoming increasingly integrated," said Jeffrey W. Martin, chairman and CEO of Sempra. "As a company, we are well positioned to build the critical energy infrastructure that will be needed to support new growth, while accelerating North America's transition to cleaner forms of energy. Our competitive advantage lies in our enterprise-wide commitment to innovation, sustainability and leadership." Sempra's three business platforms – Sempra California, Sempra Texas and Sempra Infrastructure – are strategically positioned in some of the largest economies in North America with a critical role in the energy future. The company's strategic priorities are centered on executing a $32 billion capital plan, strengthening the balance sheet and returning value to shareholders. Sempra's robust capital plan focuses on its utilities and provides strong visibility to future earnings growth. Earnings Guidance"In the last several years, we have realigned our portfolio with the objective of simplifying the business while improving our financial results – and it is paying dividends," said Trevor Mihalik, executive vice president and chief financial officer for Sempra. "Today, the strength of Sempra's balance sheet and a leading earnings growth profile bolster our mission to be North America's premier energy infrastructure company." Sempra is increasing its full-year 2021 GAAP EPS guidance range to $7.67 to $8.27 and increasing its full-year 2021 adjusted EPS guidance range to $7.75 to $8.35. Sempra is also announcing its full-year 2022 EPS guidance range of $8.10 to $8.70. Sempra CaliforniaSempra's California platform, San Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co. (SoCalGas), are helping to decarbonize the state's energy system, while working to provide safe, reliable and cleaner energy to approximately 26 million consumers. Recent operating highlights include: Received a decision at SDG&E and SoCalGas in their Petition for Modification of the 2019 General Rate Case (GRC) establishing attrition rates for 2022 and 2023. This decision supports the constructive outcomes of the GRC, which was based on the Risk Assessment Mitigation Phase process and the continued delivery of safe and reliable service to customers. Announced goals at SDG&E and SoCalGas to achieve net-zero GHG emissions by 2045 across emission scopes 1, 2 and 3. Sempra TexasSempra's Texas platform includes Oncor Electric Delivery Co. LLC (Oncor) and Sharyland Utilities whose businesses continue to modernize and extend their transmission and distribution networks to connect customers to cleaner sources of electricity. Supported by increasing population growth in the Dallas-Fort Worth area, Oncor has continued to grow its customer base anchored by a strong commitment to safety, reliability and operational excellence. Oncor's recent operating highlights include: Added approximately 77,000 additional premises in 2020, the best organic growth for the company since 2007 and two times the national average. Achieved one of the highest safety records in the utility's history. Delivered top quartile reliability in 2020, ahead of its 2022 goal. Sempra InfrastructureSempra Infrastructure is well-positioned to advance growth opportunities by continuing to develop, build, and operate the energy systems of the future. The new business platform is expected to create increased shareholder value and provide an improved platform for innovation and potential new investments in renewables, hydrogen, green ammonia, energy storage and carbon sequestration. Through a series of transactions announced last year, Sempra formed Sempra Infrastructure, a strategic growth platform with an implied enterprise value of approximately $25.2 billion, including expected asset-related debt of $8.37 billion. In April, Sempra announced that it had entered into a definitive agreement to sell a non-controlling 20% interest in Sempra Infrastructure to KKR for $3.37 billion in cash, subject to adjustments. The sale is expected to close in the coming weeks. Additionally, in May, Sempra announced the completion of its exchange offer to acquire the outstanding shares of IEnova (Infraestructura Energética Nova, S.A.B de C.V.) not owned by Sempra. Sempra's ownership interest in IEnova increased to 96.4%, exceeding its initial target of 95% ownership of IEnova through the exchange offer. Sempra Infrastructure continues to advance its liquefied natural gas (LNG) projects under development and in operation, with a view toward improving energy diversification in foreign markets and supporting the global energy transition. Additionally, in Mexico, the company is currently operating and constructing approximately 1,000 megawatts of renewables projects with a development pipeline of nearly 3 gigawatts of cross-border solar, wind and battery projects. Utilizing Technology and Innovation to Drive Energy TransitionThe Sempra family of companies are focusing on the importance of innovation, technology and leadership to better serve customers, improve operational safety and efficiency, and support the modernization of energy systems. Notable examples over the past year include: SDG&E continued its top-tier wildfire mitigation efforts with a focus on innovation and weather science. The utility has invested more than $3 billion building a more wildfire resistant system, including implementing a robust weather network, using drone and satellite imaging for asset and vegetation management, and fire hardening its infrastructure assets. SoCalGas' H2 Hydrogen Home is the first project of its kind in the U.S. demonstrating how carbon-free gas made from renewable electricity can be used in pure form (or as a blend) to fuel the clean energy systems of the future. The project was recently named one of Fast Company's "World-Changing Ideas" in the North America category, which honors innovations for the good of society and the planet. Oncor inspects approximately 3,700 miles of electrical infrastructure each year with aerial technology capturing digital imagery to create 3D models of the transmission system to identify public safety concerns, component issues, property encroachments, and vegetation management issues. Sempra Brand Updated to Reflect Infrastructure-Focused Strategy Sempra has refreshed its brand to create better alignment with the company's North American infrastructure strategy, including removing "Energy" from its wordmark. Modernizing the brand also supports the company's vision to deliver energy with purpose, ideal of service to others and long-standing commitment to environmental stewardship. Sempra's new brand name will be effective with the New York Stock Exchange on July 2, 2021. The legal name of the company will continue to be Sempra Energy, doing business as Sempra. The company's common stock will continue trading under the ticker symbol "SRE." Non-GAAP Financial MeasureThis press release includes Sempra's 2021 adjusted EPS guidance range, which is a non-GAAP financial measure. See the appendix for additional information regarding this non-GAAP financial measure. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market 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 including safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at http://www.sempra.com and on Twitter @ SempraEnergy. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; the impact of the COVID-19 pandemic on our capital projects, regulatory approval processes, supply chain, liquidity and execution of operations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California, and the impact of volatility of oil prices on our businesses and development projects; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, the storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra Energy's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. APPENDIX RECONCILIATION OF SEMPRA 2021 ADJUSTED EPS GUIDANCE RANGE (Unaudited) Sempra 2021 updated Adjusted EPS Guidance Range of $7.75 to $8.35 excludes items (after the effects of income taxes and, if applicable, noncontrolling interests) as follows: $3 million impact from foreign currency and inflation and associated undesignated derivatives for the three months ended March 31, 2021 (1) $(29) million net unrealized losses on commodity derivatives for the three months ended March 31, 2021 Sempra 2021 Adjusted EPS Guidance Range is a non-GAAP financial measure (GAAP represents generally accepted accounting principles in the United States of America). This non-GAAP financial measure excludes the impact from foreign currency and inflation and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2021 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2021 GAAP EPS Guidance Range. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra 2021 Adjusted EPS Guidance Range to Sempra 2021 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. Full-Year 2021 Full-Year 2022 Sempra GAAP EPS Guidance Range 1 $ 7.67 to $ 8.27 $ 8.10 to $ 8.70 Excluded items: Impact from foreign currency and inflation and associated undesignated derivatives 2 (0.01) (0.01) - - Net unrealized losses on commodity derivatives 0.09 0.09 - - Sempra Adjusted EPS Guidance Range 3 $ 7.75 to $ 8.35 $ 8.10 to $ 8.70 Weighted-average common shares outstanding, diluted (millions) 4,5 315 323 1. On June 29, 2021, Sempra raised full-year 2021 GAAP EPS Guidance Range from $7.42 to $8.02, to $7.67 to $8.27. The range reflects the impact from foreign currency and inflation and undesignated derivatives and net unrealized losses on commodity derivatives for the three months ended March 31, 2021 and an increase in weighted-average common shares outstanding from recent IEnova exchange offer.2. Amounts include impacts recorded in equity earnings from our unconsolidated equity method investments. 3. On June 29, 2021, Sempra raised full-year 2021 Adjusted EPS Guidance Range from $7.50 to $8.10, to $7.75 to $8.35. 4. Weighted-average common shares outstanding reflects the conversion of the mandatory convertible series A preferred stock which converted on January 15, 2021, and series B preferred stock which will automatically convert on the mandatory conversion stock date of July 15, 2021. Share conversion rate assumed to be midpoint of conversion rates between the initial and threshold appreciation prices.5. Includes impact of IEnova exchange offer. 1. Amounts include impacts recorded in equity earnings from our unconsolidated equity method investments. SOURCE Sempra Energy
SoCalGas Awards More than $235,000 in Scholarships to Central and Southern California Students
LOS ANGELES, June 28, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the 2021 SoCalGas Scholarship recipients. This year, 56 students from Central and Southern California will receive a share of the more than $235,000 in college scholarships. Students who plan to attend a community college or trade school were awarded $1,000 scholarships and those who plan to attend a four-year college or university were awarded $5,000 scholarships. Recipients were evaluated on their academic achievements, community involvement and a personal statement regarding California's clean energy future. Since the program's inception in 2001, the utility has awarded over $2.9 million in scholarships to more than 2,270 students. Students majoring in science, technology, engineering, math (STEM), accounting and finance are given priority. This year, 86% of the scholarship recipients were students of color. "The SoCalGas Scholarship Program has helped bridge the educational gaps within our community and offer our younger generations with the opportunity to learn and develop," said Los Angeles Councilmember Joe Buscaino. "These scholarships will help create systematic change for equality and inclusion within our communities." "The future of our communities is tied to a highly skilled and educated workforce. It's important that we provide students with the support to build a strong foundation that will prepare them for higher education and opportunities," said Andy Carrasco, vice president of communications, local government and community affairs at SoCalGas. "Our communities are a vital part of our organization, and we believe strongly in nurturing the younger generation for a brighter future." Melea Earley, a graduate from La Serna High School, who will be attending Howard University with a major in Environmental Studies and a minor in African American studies said, "I am excited to address how social justice issues can relate, and impact environmental issues in society today. Thankfully with the opportunities and scholarship given to me by SoCalGas, I will be able to use it to further my research as I plan on tackling the injustices of environmental racism in the future." Briana Mercado, a graduate from Warren High School in Downey who will be pursuing a degree in Mechanical Engineering at the California Institute of Technology said, "I am very honored to have received the SoCalGas scholarship. I cannot wait to participate in research that will lead to creating more sustainable spacecraft and technology!" Sharina Batista, a graduate of Mt. San Jacinto College, who will be pursuing a degree in computer science and cybersecurity at California State University, Fullerton, said, "I am grateful for this opportunity. This scholarship means a lot to me. It will help me pay for college while pursuing my dreams." Kennedy Polk, a graduate of St. Mary's Academy, who will be pursuing a degree in computer science or computer programming at Seattle Pacific University said, "I am so thankful for this scholarship as it will help me buy the necessary requirements to compete with other computer science majors in my field of study. This scholarship will help alleviate some of the financial stress on my mother who has been pushing me to be the best I can be." In additional to providing academic scholarships, SoCalGas supports technology-based learning in STEM programs for kids in K-12 across the company's service territory. Last year, the company provided nearly $1.8 million in grants to hundreds of educational organizations in Central and Southern California. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. Over the past five years, the company invested nearly $7.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas), and Facebook. SOURCE Southern California Gas Company
Chairman and CEO Jeffrey Martin Named Director of the Year
This week, Sempra’s Chairman and CEO Jeffrey W. Martin was named Director of the Year by the Corporate Directors Forum for “Economic Value Creation.” Since being named Chairman and CEO in 2018, Martin is credited with transforming Sempra by updating the company’s investment strategy to focus on the growing importance of energy infrastructure in North America. “It is an honor to be recognized by the Corporate Directors Forum. In large measure, this award is a tribute to the overall strength of Sempra’s board of directors and their abiding focus on sound governance and long-term value creation,” said Martin. “At Sempra, we expect the economies of North America to become increasingly interdependent. Our company is uniquely positioned to build critical new energy infrastructure that is needed to support further market integration and a more rapid transition to cleaner forms of energy.” In 2018, Martin laid out a strategic plan to realign the company’s business activities around a bold new mission to build North America’s premier energy infrastructure company. Martin guided the divestment of Sempra’s non-core assets over a two-year period, while reinvesting proceeds into key growth markets — California, Texas, Mexico — and the liquefied natural gas (LNG) export market. By allocating capital investments into high quality transmission and distribution infrastructure, it has allowed the company to significantly improve its financial performance, while also improving the company’s market capitalization by over $17 billion since early in 2018. Additionally, Martin has spearheaded the development of new programs and initiatives to build a high-performance culture with a focus on operational safety, employee recognition, leadership development and diversity and inclusion. Due to his strategic vision, strong leadership and sharp focus on advancing a purpose-driven culture at Sempra, Martin was named Chief Executive of the Year by S&P Global Platts at its 22nd Annual Global Energy Awards in 2020. Delivering Long-Term Sustainable Value Sempra’s approach to managing its business is directly aligned with the value proposition of creating long-term sustainable value for shareholders, customers, employees and other stakeholders. Aligned with its commitment to innovation and sustainability, the company’s business strategy includes strong climate-related goals with a view toward accelerating North America’s transition to lower carbon energy systems. For two decades, the Sempra family of companies has been on a sustained path to decarbonize its business operations. About Corporate Directors Forum Corporate Directors Forum was founded in 1991 with the premise that boards of directors could perform better. They provide board-focused peer networking and director education in corporate governance “best practices” for those committed to continuous learning. Their mission statement is to help directors, and those who support them, build more effective boards through continuous education and peer-networking. This article contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this article. 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 article, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; the impact of the COVID-19 pandemic on our capital projects, regulatory approval processes, supply chain, liquidity and execution of operations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California, and the impact of volatility of oil prices on our businesses and development projects; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, the storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
Global Challenges Require Multinational Solutions
By Jeffrey Martin, Chairman and CEO of Sempra, and H.R. McMaster, Former U.S. National Security Advisor, Ret. Lt. General, United States Army and Senior Fellow at the Hoover Institution. This opinion piece initially appeared in Eurogas’ newsletter on June 17, 2021. More than a year after a pandemic brought global economies to a halt, many communities around the world are still reeling. Today, we are facing two formidable challenges: a post-COVID recovery and a climate crisis. Both require international cooperation and the acceleration to cleaner, affordable and reliable energy systems. With the United States re-joining the Paris Agreement, expanding cooperation between the U.S. and Europe holds renewed promise for greater alignment with other regions of the world as well as critical new innovations in the production, transportation and consumption of energy. But the Paris Agreement is just the start. Addressing the interconnected global challenges of reducing carbon emissions, ensuring access to clean energy, and improving food and water security will require a collaborative, systemic and holistic approach. Addressing one challenge at a time can exacerbate others and perpetuate rather than prevent the dangers of climate change. The priority action that has broad political and commercial appeal not only in prosperous nations, but also in developing economies, is to produce more energy for more people with lower carbon content. The development of cleaner and affordable energy overcomes one of the most fundamental flaws with climate proposals: single-country solutions. The International Energy Agency (IEA) concluded in its 2021 World Energy Outlook that unilateral approaches will not work. “In the absence of greater international cooperation, it will take several decades longer to reach net-zero emissions globally,” said IEA Executive Director Fatih Birol. Indeed, in the absence of commercially viable solutions to reduce greenhouse gas (GHG) emissions, China, India and other developing economies experienced a 1.5 percent increase in emissions per year in the four years following the signing of the Paris Agreement. Lowering Emissions, Fueling Growth There is another path forward. The U.S., which has long recognized that energy security is vital to national security, offers a case study on how to lower carbon emissions while fueling economic growth. The IEA’s 2020 World Energy Outlook noted that the U.S. led the world in the largest reduction of man-made GHG emissions over the last 20 years (down almost 1 gigaton from a 2000 peak). Expanding investments in renewable power generation while using abundant natural gas (with its lower emissions footprint) precipitated a dramatic decline in coal’s share of U.S. electricity generation. In just 12 years, coal-fired power generation went from providing nearly half of America’s energy to less than 22 percent. Even more remarkable is that these reductions took place at the same time as significant economic expansion and rising energy demand. By diversifying its energy supply to include lower- and zero-carbon fuels, the U.S. was able to ramp up electricity generation to support a doubling of its GDP while effectively lowering man-made emissions. Other countries can replicate that success. The impact of displacing coal was made even more clear in the recent Group of Seven (G7) call to halt all government support for the use of coal in power production. Committing to Energy Diversification The European Union’s (EU) commitment to energy diversification has yielded similar achievements. As the biggest importer of natural gas in the world, the EU has been a leader in the development of liquefied natural gas (LNG), its associated infrastructure and the creation of liquid and transparent natural gas markets. A recent S&P Global Platts story noted how Europe is steadily cementing a key leadership role in the global LNG trade: “Today, when talking about the future of European gas supply, LNG is firmly viewed as a core part of the supply stack; critical to meeting long-term demand,” the article said. No longer dependent on a few dominant suppliers, diversification of the EU’s natural gas supplies and a notable uptick in U.S. LNG imports has also supported market competitiveness and set the stage for maximizing further renewable penetration. Investing in the Future Over the next two decades, the greatest challenge lies outside the U.S. and EU. The IEA projects that emerging and developing economies, including China, will account for 90 percent of the growth in global GHG emissions. This projection highlights why access to affordable and diverse energy supplies is essential to reduce carbon emissions while supporting stable and prosperous economies. The growth of affordable renewable energy in these markets will help but ultimately only meet about 28 percent of the world’s total energy demand by 2050. Moreover, for countries with waning natural gas production, LNG offers an important way to continue expanding renewable energy. The U.S. and EU are poised to achieve quick wins for the climate by displacing coal and oil with natural gas not just in power grids, but also in manufacturing and other hard-to-decarbonize sectors. Smart, new infrastructure investments that enable these GHG reductions today will also propel tomorrow’s energy technologies. On the horizon is a hydrogen economy that can be powered with cleaner molecules as emerging technologies come online. This is the decisive decade for tackling climate change, and we are optimistic. Just as the rapid development of vaccines was foundational to overcoming the global pandemic, clean and adoptable energy solutions are essential to attacking the threat from climate change, while also overcoming other interconnected challenges to global security and prosperity. In conclusion, it is not a Hobson’s choice between economic growth and sustainable initiatives to mitigate climate change. Leadership and international cooperation with the right priorities can advance energy security, economic prosperity and environmental progress.
SoCalGas' H2 Hydrogen Home Named a Fast Company 2021 World-Changing Idea
LOS ANGELES, June 15, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and its H2 Hydrogen Home have been named one of Fast Company's World-Changing Ideas in the North America category. The award honors products, concepts, companies, policies, and designs that are pursuing innovation for the good of society and the planet. Entries are judged on impact, design, scalability, and ingenuity. SoCalGas' H2 Hydrogen Home is the first project of its kind in the U.S. aiming to show how carbon-free gas made from renewable electricity can be used in pure form or as a blend to fuel clean energy systems of the future. SoCalGas' H2 Hydrogen Home and 17 other projects were selected among thousands of submissions considered for the honor by Fast Company. "Our H2 Hydrogen Home demonstrates the important role of hydrogen in helping the state achieve its carbon neutrality goals," said Scott Drury, SoCalGas CEO. "As we lean into our mission to build the cleanest, safest, and most innovative energy company in America, we are proud that Fast Company agrees this project is a world-changing idea." "Innovative projects like SoCalGas' H2 Hydrogen Home help demonstrate how hydrogen can play an important role in California's clean energy future," said Sen. Bob Archuleta (D- Pico Rivera). "We congratulate SoCalGas for this recognition." The H2 Hydrogen Home, which will be built later this year in the city of Downey, is the first fully integrated demonstration project with solar panels, a battery, and electrolyzer to convert solar energy to hydrogen and a fuel cell to supply electricity for the home. Hydrogen will also be blended with natural gas and used in the home's heat pump HVAC unit, water heater, clothes dryer, and gas stove. The home will function and feel exactly like a regular home but use reliable and clean energy 24 hours a day, 7 days a week, 365 days a year. To learn more about SoCalGas' H2 Hydrogen Home, click here. Hydrogen is already helping to reduce emissions from the transportation sector and will soon be used by the Los Angeles Department of Water and Power (LADWP) to generate electricity. It can also be used to fuel hard-to-decarbonize industries. And energy experts found hydrogen provides an ideal solution for long-term storage of renewable energy on the larger grid as well. In March, SoCalGas became the largest gas distribution utility in North America to set a commitment to achieve net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045. A key component of that goal is to complete five hydrogen pilot projects by 2025, including the H2 Hydrogen Home. For more information on SoCalGas' sustainability efforts, visit www.socalgas.com/mission. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. Over the past five years, the company invested nearly $7.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas), and Facebook. SOURCE Southern California Gas Company
Sempra Energy Declares Common And Preferred Dividends
SAN DIEGO, June 15, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its board of directors has declared a $1.10 per share quarterly dividend on the company's common stock, which is payable July 15, 2021, to common stock shareholders of record at the close of business on July 7, 2021. Sempra Energy's board of directors also declared a quarterly dividend of $1.6875 per share on the company's 6.75% Mandatory Convertible Preferred Stock, Series B, which is payable July 15, 2021, to preferred stock shareholders of record at the close of business on July 1, 2021. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. The Sempra Energy family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market it serves, including California, Texas, Mexico and the LNG export market. Sempra Energy is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture including safety, workforce development and training, and diversity and inclusion. Sempra Energy is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra Energy, please visit Sempra Energy's website at www.sempra.com and on Twitter @SempraEnergy. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; the impact of the COVID-19 pandemic on our capital projects, regulatory approval processes, supply chain, liquidity and execution of operations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California, and the impact of volatility of oil prices on our businesses and development projects; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, the storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra Energy
Sempra Energy and National Renewable Energy Laboratory Collaborate to Advance Future Net-Zero Energy Systems
SAN DIEGO, June 10, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced it has signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL), providing a framework for a joint effort to advance future net-zero energy systems. The MOU, which builds off nearly 10 years of ongoing collaboration, will continue current work researching and developing innovative solutions to help shape a lower-carbon future through technology and applications capable of withstanding increasing energy demand and broad adoption while advancing future innovation. "To achieve global carbon-neutrality, energy systems will need to transform dramatically over the coming decades. Our partnership with NREL drives forward a vision to advance the energy systems of the future by focusing on innovation and resiliency," said Lisa Alexander, senior vice president of corporate affairs and chief sustainability officer for Sempra Energy. "New investment and innovative partnerships are critical to developing solutions that will manifest a global energy transition while promoting economic growth and prosperity." "Building on our strong history of collaboration, we are excited to accelerate our work with Sempra to advance clean energy solutions," said Doug Arent, executive director for strategic public-private partnerships at NREL. "Researching key synergies across power, low carbon fuels and industrial sectors are expected to provide critical innovations toward realizing a low carbon, equitable, affordable, secure and reliable energy economy." Sempra Energy and NREL have been collaborating for nearly a decade on cooperative and multi-year projects exploring the development, access and integration of low-carbon fuels and microgrid technology. In 2013, Sempra Energy's subsidiary San Diego Gas & Electric Co. (SDG&E) and NREL joined to establish the nation's first utility-owned community microgrid in Borrego Springs, Calif., connected to a local 26-megawatt solar field (owned by a third party), two battery storage systems, two generators, and an ultracapacitor. The microgrid, which is being upgraded so that it can operate on 100% clean energy, was designed to provide consistent power flowing to the remote desert town during emergencies and planned outages on the larger grid. In 2017, Sempra Energy's subsidiary Southern California Gas Co. (SoCalGas) and NREL partnered to create, validate and integrate the nation's first carbon-free, power-to-gas pilot-system. The technology takes excess electricity and converts it to hydrogen, which can be used, stored, or combined with carbon dioxide and fed to a bioreactor to produce renewable natural gas (RNG). This innovative technology could provide North America with a large-scale, cost-effective solution for storing excess energy produced from renewable sources. Additionally, Sempra Energy and NREL have coordinated efforts to research the impacts of hydrogen blending in natural gas networks, and studied potential pathways for wholesale market access to hydrogen production facilities. Under the MOU, which is not legally binding but sets forth a framework for cooperation, Sempra Energy and NREL will coordinate and share objectives focused on: Advancing artificial intelligence to scale solutions across the U.S. and enable cities to reach clean energy goals; Integrating low-carbon fuel solutions, including hydrogen, renewable natural gas, carbon capture, utilization and sequestration, and fuel cells; Exploring innovative solutions towards 100% renewable energy communities, requiring and implementing smart and enhanced controls, integration and operational capabilities as a blueprint for expansion; Enhancing electric grids with technology that upgrades the infrastructure with a focus on reliability, connectivity and security; and Promoting viable net-zero solutions that are delivered with equity and widespread community access. In its current work, Sempra Energy and its operating companies, including SoCalGas and SDG&E, are also exploring the decarbonization of regional and industrial hubs, or industrial clusters, to mitigate carbon emissions from industrial processes – such as manufacturing, steel and chemicals – that cannot be electrified. The companies, in partnership with NREL and the U.S. Department of Energy, are researching integrated solutions that may enable these sectors to achieve significant emissions reductions, while maintaining productivity, creating jobs, and fostering healthier communities. Sempra Energy looks forward to working with NREL to help decarbonize industries, homes and energy and transportation systems, while continuing to deliver resilient, reliable and sustainable energy in every market it serves and to consumers around the world. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. The Sempra Energy family of companies has more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market it serves, including California, Texas, Mexico and the LNG export market. Sempra Energy is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture including safety and diversity and inclusion. Sempra Energy is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra Energy, please visit Sempra Energy's website at www.sempra.com and on Twitter @SempraEnergy. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; the impact of the COVID-19 pandemic on our capital projects, regulatory approval processes, supply chain, liquidity and execution of operations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California, and the impact of volatility of oil prices on our businesses and development projects; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, the storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on the company's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra Energy
Recruiting, Retaining and Engaging Our Workforce
The Sempra companies’ more than 19,000 employees power the lives of more than 36 million consumers in California, Texas and Mexico. We work to recruit and retain talented and motivated employees. The energy industry is a dynamic space where some of the brightest and most innovative people come to do challenging work that makes a difference. Several factors are important to recruitment and retention, including our: Vision, mission and values. These provide a clear sense of purpose: how we do business and what matters to us. Strong and consistent financial performance, attractive compensation and benefits, top-tier workforce and safe work locations. Focus on employee development. We encourage employees to seek new challenges within the company or at our operating companies. We also train employees to help ensure they have the skills to meet the needs of our changing industry. Work in our communities to promote Science, Technology, Engineering and Math (STEM) education that helps ensure a qualified and diverse pool of new candidates. Our employees know that a career at Sempra is an opportunity to make an impact. Our human resources and organizational development teams provide the leadership and partnership necessary to achieve individual success while driving strategic business objectives. We recruit, retain and engage our workforce through the following process: Acquiring We strive to be a leader in acquiring a diverse, world-class talent pool to lead the organization into the future and to help ensure that Sempra’s people continue to be its greatest asset. Developing We create success by providing opportunities and resources necessary to expand employees’ knowledge and skills while promoting an environment that supports individual and organizational success. The company offers a leadership development framework with paths available for emerging, moderately experienced and seasoned leaders. The framework includes path-specific coursework, suggested readings, an assessment and a situation interview-based competency exam. We also encourage employees to play an active role in their career development. Opportunities include: Creating a career development plan that includes short- and long-term goals and discussing this plan with their manager. If desired, employees may meet with an organizational development coach to get additional guidance on their career path. Keeping their career accomplishments and interests up to date on the company intranet so they can be matched with available opportunities as they arise. Exploring online or in-person training opportunities to strengthen their skills in areas critical to the company’s continued success, including leading change, inspiring trust, building talent, acting strategically and exercising good judgment. Motivating We foster an environment where quality leadership, clear organizational and individual goals, and performance-based rewards support employees in their efforts to perform to the best of their capabilities and in the best interests of Sempra. Retaining We believe that retention starts with the right fit between the individual, the job and the company. It continues with solid reward programs, career challenges and superior leadership to make Sempra a great place to work. Transitioning We promote an agile workforce by supporting organizational changes and career transitions effectively, efficiently and with respect. We encourage employees to seek new challenges within the family of companies and we train employees to make sure they have the skills to meet the needs of our changing industry. We also offer entry-level financial, IT and engineering rotational programs to show employees how they might apply their skills in different areas of the company. As part of Sempra’s unwavering commitment to its values, we also remain committed to an inclusive workplace, where we embrace diverse views, backgrounds, and experiences. We will continue to demonstrate that commitment through concrete actions to advance that culture and maintain a workplace where everyone feels empowered to bring their authentic and best selves to work.
Sempra Energy To Hold Virtual Investor Day June 29
SAN DIEGO, June 9, 2021 /PRNewswire/ -- Sempra Energy's (NYSE: SRE) senior management team will provide an update on the company's business strategy, operational highlights and financial outlook at its virtual Investor Day event at 12 p.m. ET, June 29. Investors, analysts, media and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link. Prior to the conference call, the presentation slides will be posted by 7 a.m. ET, Tuesday, June 29, to the investor section of Sempra Energy's website. A replay will also be available on the company's website within 24 hours after the event concludes. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. The Sempra Energy family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market it serves, including California, Texas, Mexico and the LNG export market. Sempra Energy is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture including safety, workforce development and training, and diversity and inclusion. Sempra Energy is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra Energy, please visit Sempra Energy's website at www.sempra.com and on Twitter @SempraEnergy. SOURCE Sempra Energy
Sempra Recognized as a Top Utility for Diversity and Inclusion
For the 10th consecutive year, Sempra Energy was named to DiversityInc’s “Top Utilities” list, which recognizes companies across the nation for their practices related to hiring, retaining, and promoting women, minorities, people with disabilities, LGBTQ+ and veterans. “At Sempra, we are guided by our values and remain committed to building an inclusive workplace, where we embrace diverse views, backgrounds, and experiences,” said Karen Sedgwick, senior vice president and chief human resources officer for Sempra Energy. “Through concrete actions, we continue to advance our high-performance culture and maintain a workplace where everyone feels empowered to bring their authentic and best selves to work.” In addition to our inclusion as the second-highest ranking company on the “Top Utilities for 2021” list, Sempra Energy was ranked on four other specialty lists by DiversityInc: #3 – Top Regional Companies #12 – Top Companies for Talent Acquisition for Women of Color #13 – Top Companies for Board of Directors #40 – Top Companies for Environmental and Social Governance (ESG) Advancing a High-Performance Culture Sempra Energy's focus on building a high-performance culture across its family of companies is underpinned by our long history of promoting safety, advancing workforce training and development, and fostering an inclusive environment where diverse perspectives and backgrounds are embraced. The Sempra Energy family of companies offers a variety of programs to enhance diversity and inclusivity in the workplace, including 16 employee councils, mentorship programs, trainings and monthly educational webinars. Understanding that a commitment to diversity and inclusion starts at the top, Sempra Energy is a founding member of the CEO Action for Diversity & Inclusion initiative and a member of the Paradigm for Parity coalition, which promotes gender parity in the workplace. The company has held dozens of enterprise-wide and department-level conversations and engaged thousands of employees at all levels to actively participate in discussions on the impacts of racism. The feedback from these conversations provided a framework for our enterprise-wide action plan, a roadmap to improving equity in our workplace and in the communities we serve. Recently, we coined the phrase "#WeAreSempra" as short-hand to signify our values and related behaviors. Promoting an inclusive environment and embracing diverse backgrounds and perspectives remain integral parts of #WeAreSempra and our high-performance culture. About DiversityInc The mission of DiversityInc is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, when many corporations were beginning to understand the business value of diversity-management initiatives. DiversityInc is a VA certified veteran-owned business and a USBLN certified business owned by a person with a disability. Learn more at diversityinc.com.

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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).