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Partnering to Reduce Methane Emissions
As Sempra works to shape a net-zero future, we are committed to improving the sustainability and efficiency of our energy infrastructure that serves 36 million consumers across our family of companies. Recently, we joined two organizations that will help advance knowledge of methane emissions across the energy sector and identify ways to mitigate emissions impact. Sempra LNG Joins CAMS Sempra LNG recently joined the Collaboratory for Advancing Methane Science (CAMS), an industry-led research consortium formed to better characterize and understand methane emissions. “We are excited to join this alliance of forward-looking companies that are working together to more effectively identify and reduce methane emissions across the natural gas value chain,” said Lisa Glatch, president and chief operating officer of Sempra LNG. “Sempra LNG is committed to creating sustainable value not only through the safe and responsible operation of the LNG pipelines and liquefaction infrastructure we own, but also investing in innovative research to reduce emissions in other parts of the LNG supply chain.” CAMS member organizations work together to understand how methane emissions impact all levels of the oil and gas value chain and while proactively exploring mitigation strategies. The Methane Emission Estimate Took (MEET), one of the first projects conducted by the collaborative, simulates methane emissions from production, allowing operators to evaluate effectiveness of various detection and mitigation strategies. The project leverages advances in methane-sensing technologies, data sharing, and data analytics to provide comprehensive and near-continuous monitoring. Sempra Joins One Future Earlier this year, Sempra joined Our Nation’s Energy Future (ONE Future) coalition, an organization comprised of companies focused on working together to help reduce methane emissions and overall carbon footprint. “As we work to mitigate methane emissions across the Sempra family of companies, we look forward to engaging with ONE Future and other member companies to identify and implement innovative solutions to help address some of our industry’s toughest challenges,” said Sharon Tomkins, vice president of sustainability for Sempra. “These efforts will help further our goals to deliver sustainable value and enable the delivery of affordable, lower-carbon energy to millions of consumers.” The ONE Future Coalition is collectively working to achieve a science-based average rate of methane emissions across their facilities equivalent to 1% (or less) of total natural gas production.
Sempra Energy Announces Agreement To Sell Non-Controlling Interest In Sempra Infrastructure Partners
SAN DIEGO, April 5, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has entered into a definitive agreement to sell a non-controlling, 20% interest in Sempra Energy's new business platform, Sempra Infrastructure Partners, to KKR for $3.37 billion in cash. KKR is a leading global investment firm. This transaction values Sempra Infrastructure Partners at approximately $25.2 billion, including expected asset-related debt at closing of $8.37 billion. Today's announcement is part of a series of integrated transactions originally announced in December 2020 that are intended to simplify Sempra Energy's non-utility infrastructure investments under one self-funding platform, combining the strengths of Sempra LNG, a leading developer of liquefied natural gas (LNG) export infrastructure, and IEnova (Infraestructura Energética Nova, S.A.B de C.V.), one of the largest private energy companies in Mexico and a leading developer and operator of renewables and natural gas infrastructure in that country. This new platform is expected to create scale, unlock portfolio synergies, highlight value and better position the business for growth. "Over the next decade, we expect the energy markets in North America to continue to grow and become increasingly integrated. Combining our resources with KKR improves our ability to capture new investment opportunities in cleaner forms of energy and the critical infrastructure that stores and transports it," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "This transaction also sends a clear signal about the value and expected growth of our infrastructure portfolio." "Investing in critical new energy infrastructure creates jobs, delivers reliable energy with fewer emissions and supports North America's economic recovery," said Raj Agrawal, KKR Partner and Global Head of Infrastructure. "That is why we are excited to partner with Sempra Energy. This infrastructure platform provides a strong foundation to expand cleaner energy resources across the continent. Backed by strong, contractually-supported, long-term cash flows, our investment is also consistent with KKR Infrastructure's strategy to seek stable and predictable returns for our investors." KKR will be making the investment through its Global Infrastructure Investors Funds. KKR first established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of more than 50 dedicated investment professionals. The firm currently has over $27 billion in infrastructure assets under management and has made over 40 infrastructure investments across a range of sub-sectors and geographies. The transaction is expected to be completed by mid-2021, subject to customary closing conditions, including consents from certain third parties and regulators. Highlighting Value Sempra Energy will receive cash proceeds from KKR at the closing of the transaction, subject to certain customary purchase price adjustments, including changes to account for any IEnova shares not tendered in Sempra Energy's previously announced stock-for-stock exchange offer for the publicly-traded shares of IEnova. Under the terms of the agreement, KKR will be acquiring its indirect interest in IEnova at $4.13 per share, the price calculated using the proposed exchange ratio announced by Sempra Energy on December 2, 2020 and the closing price of Sempra Energy common stock on April 1, 2021, the last trading day immediately preceding the date of the agreement. KKR will have certain minority rights with respect to Sempra Infrastructure Partners commensurate with the size of its investment. The new business platform is expected to create increased shareholder value and support the global energy transition by providing an improved platform for innovation and potential new investments in renewables, hydrogen, ammonia, energy storage and carbon sequestration. Sempra Infrastructure Partners owns, among other assets: An LNG portfolio consisting of up to 45 million tonnes per annum (Mtpa) of LNG export capacity in development, construction or operation on the North American Pacific and Gulf Coasts; A renewable portfolio consisting of up to 4 gigawatts (GW) of renewable energy generation in development, construction or operation in Mexico and related electric transmission infrastructure; and A natural gas infrastructure portfolio consisting of distribution companies and certain cross-border and in-country pipelines, including those that export U.S. natural gas to Mexico and supply the Energía Costa Azul LNG facility. Proceeds from the sale will be used to help fund growth across Sempra Energy's $32 billion capital program, which is centered on its U.S. utilities, and to further strengthen its balance sheet. The sale is expected to be accretive to earnings. Also, in December 2020, Sempra Energy announced its intention to launch a stock-for-stock exchange offer for the publicly-traded shares of IEnova, with Sempra Energy's common shares to be listed on the Mexican stock exchange (Bolsa Mexicana de Valores, S.A.B de C.V.). Sempra Energy intends to commence this exchange offer following approval by the U.S. and Mexican regulatory authorities. Goldman Sachs & Co. LLC is serving as financial advisor and White & Case LLP is serving as legal advisor to Sempra Energy on this transaction. Credit Suisse Securities ( USA) LLC and Mizuho Securities USA LLC are serving as financial advisors and Simpson Thacher & Bartlett LLP and Creel, García-Cuéllar, Aiza y Enríquez, S.C. are serving as legal advisors to KKR. 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 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. About KKRKKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co. Additional Information and Where to Find It The proposed stock-for-stock exchange offer will be submitted to shareholders of Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) for their consideration. In connection with the proposed exchange offer, Sempra Energy has filed a registration statement with the U.S. Securities and Exchange Commission (SEC), which includes a prospectus relating to the offer and sale of the Sempra Energy common stock to be issued in the exchange offer, and has filed a prospectus and registration statement offering memorandum with the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (CNBV). Shareholders are urged to read the registration statements carefully and in their entirety, along with any other relevant documents or materials filed or to be filed with the SEC or the CNBV in connection with the proposed exchange offer or incorporated by reference in the registration statements, because they contain important information about the proposed exchange offer and the parties thereto. The registration statements and other documents are available free of charge at the SEC's internet website, www.sec.gov, and on the CNBV's website at www.gob.mx/cnbv. The registration statements and other pertinent documents may also be obtained free of charge by directing a written request to Sempra Energy, Attn: Corporate Secretary, at 488 8th Avenue, San Diego, California 92101. Neither this press release nor the information contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities in the United States or Mexico will be made except pursuant to an effective registration statement and by means of the prospectus included in such registration statement and the related materials filed with the SEC and the CNBV. The securities discussed herein will not be offered or acquired until the CNBV has authorized the proposed exchange offer, as provided for in the Mexican Securities Act (Ley del Mercado de Valores), and the SEC has declared effective the registration statement related to the proposed exchange offer that has been filed. Certain Information Concerning Participants Sempra Energy and its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of tenders of securities in connection with the proposed exchange offer. Information about Sempra Energy's directors and executive officers is included or incorporated by reference in its Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 25, 2021. Forward-Looking Statements 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. Forward-looking statements in this press release include any statements regarding the ability to complete the proposed transactions described herein on the anticipated timeline or at all, the anticipated benefits of these transactions if completed, the projected impact of these transactions on Sempra Energy's performance or opportunities, and any other statements regarding Sempra Energy's expectations, beliefs, plans, objectives or prospects or future performance or financial condition as a result of or in connection with these transactions. 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 our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the timing of the proposed transactions described herein; the ability to satisfy the conditions to closing these transactions; the ability to obtain regulatory approvals necessary to complete these transactions; the ability to achieve the anticipated benefits of these transactions; the effect of this communication on Sempra Energy's or IEnova's stock prices; transaction costs; the diversion of management time on transaction-related issues; the effects on these transactions of industry, market, economic, political or regulatory conditions outside of Sempra Energy's control; the effects on these transactions of disruptions to Sempra Energy's or IEnova's respective businesses; 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; moves 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 (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, 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 and interest and inflation 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 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 IEnova are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra Energy
Southern California Gas Company Sets Bold Net Zero Emissions Pledge
LOS ANGELES, March 23, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), the largest gas utility in the U.S., today announced the company's bold commitment to achieve net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045. This commitment makes SoCalGas the largest gas distribution utility in North America to set a net zero target including scopes 1, 2, and 3 GHG emissions, which would eliminate not only its own direct emissions, but also those generated by customers' energy delivered by SoCalGas' energy infrastructure. 1 SoCalGas' commitment aligns with the Paris Climate Agreement's recommendations and reflects the company's focus on supporting California with a resilient gas grid through the energy transition to support a carbon neutral economy. "Our mission is to build the cleanest, safest and most innovative energy company in America," said Scott Drury, SoCalGas CEO. "We will lead the energy transition by providing clean fuels and innovative technologies essential to carbon neutrality for California. Through collaboration and partnership, California can develop clean energy solutions at scale and serve as a global beacon for energy innovation." SoCalGas, which serves nearly 22 million residents, representing half the state's population, has a long record of emissions reduction progress in support of California's environmental goals. This includes implementing energy efficiency programs, delivering increasing amounts of carbon-negative renewable natural gas (RNG), and developing zero-carbon hydrogen technologies, among others. These efforts have resulted in carbon reductions of over 3.2 million metric tons of carbon dioxide equivalent (CO2e), the equivalent of removing more than 700,000 passenger vehicles off the road for an entire year. Over the next five years, SoCalGas plans to invest in initiatives to decarbonize, diversify, and digitalize the business. To guide SoCalGas' path to net zero, the company released a Climate Commitment Announcement. Select commitments along SoCalGas' path to net zero include: By 2025 to: Achieve net zero energy for 100% of SoCalGas' newly constructed buildings and major renovations of buildings over 10,000 square feet. Replace 50% of SoCalGas' over-the-road fleet with electric, hybrid, natural gas, and/or fuel cell electric vehicles. Establish statewide hydrogen blending standards. Complete five hydrogen pilot projects. By 2030 to: Eliminate 100% of vented gas during planned transmission pipeline work. Achieve net zero energy for 50% of all SoCalGas existing buildings. Deliver 20% renewable natural gas. By 2035 to: Operate a 100% zero emissions over-the-road fleet. Achieve net zero energy for 100% of SoCalGas buildings. Key stakeholders praised the announcement, citing the need for zero and low-carbon gases that can support renewable electricity production. "SoCalGas' bold climate pledge demonstrates their commitment to helping California reach its goal of carbon neutrality," said California Sen. Bob Archuleta. "I've fought for investments in hydrogen and other clean fuel technologies because I know that gas infrastructure will be needed to provide reliable energy in a net zero carbon economy. I'm thrilled SoCalGas is leading the nation in these innovations, and that they're beginning here in the 32 nd Senate District." California Assemblymember Cristina Garcia commented, "To get to net zero in California, we need lawmakers and state agencies to engage the support and partnership of all stakeholders—universities, investors, communities, and businesses, including energy providers like SoCalGas. Because as California brings on more and more renewable electricity, we need to ensure we have all the tools in our toolbelt – solar, wind, hydrogen and renewable natural gas, and all other renewable clean sources–to work together to ensure grid reliability while still meeting our clean air and climate change goals." "Converting electricity into fuel is a critical technology that will solve many issues for storing electricity long-term and for decarbonized transportation fuels within our existing infrastructure," said Nate Lewis, George L. Argyros Professor of Chemistry at the California Institute of Technology. "The linchpin is converting electricity to fuels, and SoCalGas' dedication to these solutions will help California reach carbon-neutrality faster and more cost-effectively." "I'm proud to help SoCalGas announce its commitment to net zero emissions by 2045," said Mayor Claudia Frometa of Downey, California. "As the birthplace of the Apollo space program and the testing site for many of the nation's greatest aviation and space endeavors, Downey has a long history of innovation. It's perfectly fitting SoCalGas announce its commitment and plan for their new Hydrogen Home right here in Downey." For more information and our latest news, visit newsroom.socalgas.com 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, where more than 90% of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas has committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045. 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. 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, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S.; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) the ability to realize anticipated benefits from any of these efforts if completed, and (iii) 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 the 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; moves 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 (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities and equipment failures; 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; volatility in interest and inflation rates and commodity prices and our ability to effectively hedge these risks; changes in tax policies, laws and regulations; 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 the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov . 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, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. 1 Scopes 1, 2 and 3 emissions SOURCE Southern California Gas Company
Sempra CEO Shares How Company Is Driving Sustainable Value in Shareholder Letter
This is an excerpt from Chairman and CEO Jeff Martin’s comprehensive letter to shareholders. Dear fellow shareholders: While this past year has brought many unexpected challenges, I am optimistic about what lies ahead. We have seen people from all walks of life persevere and come together to support one another in ways that are inspirational to all of us. As vaccination programs expand across America and we look to rebuild the greatest economy in the world, we are also reminded of the vital role of energy. Energy — and the critical infrastructure that delivers it — are foundational to all aspects of daily life. As the global pandemic has underscored, it powers healthcare facilities, first responders and other critical services. It also empowers millions of people working or studying from home and many more who are relying on us every day for the energy they need to power their lives and businesses. That is why I have been profoundly inspired by the work of our employees. They have displayed great leadership, resilience and an unwavering commitment to doing the right thing over the past year. They have continued to deliver energy with purpose to our more than 36 million consumers in North America, and many more around the world, during a time when our customers needed it most. Safety is a foundational value at Sempra Energy, guiding how we serve our customers and communities during times of great crisis. Our operating companies innovated to develop new ways for our employees to continue working safely when the world around us demanded it. Our resilience over the past year makes me even more optimistic for the future. We are continuing to focus on innovation, sustainability and leadership as we strengthen our investments and work toward a net-zero carbon footprint. By aiming higher, and thinking differently, we believe we can help solve some of our society’s greatest challenges. Despite unprecedented events, we continued to execute on our strategic mission to be North America’s premier energy infrastructure company. To read more about our accomplishments in 2020, please refer to the full shareholder letter. Shaping the Future of Energy Each of our operating companies is playing a key role in delivering essential energy to some of the biggest economies in the world. We are delivering cleaner forms of energy to our customers while concentrating our investments in transmission and distribution infrastructure — the section of the energy value chain that we believe provides attractive, risk-adjusted returns to our owners. Advancing Our High-Performance Culture We believe we have the best workforce in the industry and our high-performance culture continues to set us apart. Our company’s culture is underpinned by a focus on safety. In 2020: The construction activities for Cameron LNG Phase 1 concluded with a remarkable safety record of more than 89 million hours without a lost-time incident; SDG&E and SoCalGas both achieved record-setting safety performances in 2020 with their lowest injury and lost-time incident rates on record; Oncor logged 10 million hours without a lost-time incident; and IEnova achieved a 99th percentile score in health and safety according to a survey conducted in coordination with the U.S. National Safety Council. Across our family of companies, we are realizing the benefits of our safety-focused mindset in which everyone feels responsible for their own safety as well as the safety of others. Another key factor in our high performance is our long-standing commitment to an inclusive workplace, where we value diverse views, backgrounds and experiences. We believe these factors improve decision making, advance innovation, and ultimately deliver a culture that reflects the ideal of service to others. This year, we will continue to take concrete actions to advance our high-performance culture and maintain a workplace where everyone feels empowered to bring their authentic and best selves to work. Driving Sustainable Value Looking ahead, we are committed to expanding our position as a leader in the North American markets where we operate: California, Texas, Mexico and the LNG export market. We are working to enhance the value of energy infrastructure for customers across North America, while expanding lower-carbon energy choices and energy access and affordability. As the owner of one of the largest energy networks in North America, we are confident that our strategy of making critical new investments primarily focused on transmission and distribution infrastructure will help accelerate the energy transition. Our role in the energy value chain will help us assert a leadership position in helping to decarbonize every market we serve. Moreover, we also expect these activities to increase shareholder value by producing strong organic growth and improved earnings visibility. At Sempra Energy, we have set out to boldly build a different type of energy company — one that is focused on the empowering value of energy infrastructure. As a purpose-driven and values-led company, we are striving to build a cleaner and smarter grid as part of our commitment to help lead a carbon-neutral society, while also delivering increased value to our shareholders. I am proud to lead an amazing leadership team, as well as one of the most talented workforces in our industry. In everything that we do, you can count on us to prioritize creating sustainable value for our shareholders and other stakeholders as we work to have a positive impact in our communities and our society. Ever forward together, Jeffrey W. Martin Chairman and Chief Executive Officer Meet Jeffrey Martin This article contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For more information, please review Sempra's comprehensive forward looking statements.
UPDATE: Renewable Natural Gas Produced by Anaergia from Diverted Landfill Waste Now Flowing through SoCalGas System
RIALTO, Calif., March 19, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and Anaergia, Inc. (Anaergia) announced today that renewable natural gas (RNG) produced from diverted landfill waste is now flowing into SoCalGas' pipeline system from the Rialto Bioenergy Facility (Facility). The Facility is located in San Bernardino County, California, and owned by Rialto Bioenergy Facility, LLC, an Anaergia company. A new one-mile pipeline connects the facility to an existing SoCalGas pipeline. This is the fifth project in which carbon-negative RNG has been injected directly into SoCalGas' system. Using Anaergia's advanced anaerobic digestion technology and proprietary systems, the Facility will produce up to 985,000 MMBTU/year of RNG each year using up to 300,000 tons of waste diverted from local landfills. Creating this carbon-negative fuel from waste will reduce landfilling and decrease greenhouse gas emissions by up to 220,000 metric tons per year—an amount equal to removing 47,500 passenger cars from the road. "This project marks the fifth time SoCalGas has connected to an in-state renewable natural gas producing facility, and we're now distributing RNG from nearly 25 dairy farms and more than 18 cities' refuse collectors," said Jawaad Malik, SoCalGas vice president of strategy and sustainability, and chief environmental officer. "Capturing the methane that would have been emitted from this waste helps combat climate change and provides clean transportation fuel that also improves air quality." "We are proud to support California's ambitious climate goals of landfill diversion, greenhouse reduction, and production of in-State carbon negative fuel," said Yaniv Scherson, Anaergia Chief Operating Officer. "The Rialto Bioenergy Facility is the largest generator of RNG in California and the first of a number of facilities Anaergia is constructing and developing across California to service the landfill diversion and RNG procurement needs of municipalities under SB 1383." "This RNG project is an important step toward ensuring San Bernardino County residents have access to affordable and reliable energy, all while achieving California's clean energy goals," said Joe Baca Jr., San Bernardino County Supervisor (District 5). "This important RNG project utilizes existing waste to deliver clean fuel for trucks, reducing air pollution along our San Bernardino County freeways while providing jobs and revenue sources for our residents." RNG is a clean fuel that can be used to heat homes and businesses, for cooking, and to fuel trucks and buses. Today organic waste from farms, landfills, and wastewater treatment plants account for about 80% of methane emissions in California. To combat that issue, California passed a law requiring 40% of methane from sewage treatment plants, dairies and other agriculture to be captured, with provisions for energy delivery to customers as part of the state's plan to reduce greenhouse gas emissions. In addition, the Coalition for Renewable Natural Gas projects that in California, RNG can generate $14.3 billion in economic growth, and support over 130,000 clean energy sector jobs in maintenance, manufacturing, construction, operations, and engineering. Recently the California Public Utilities Commission approved SoCalGas' request to offer a voluntary RNG tariff. The program will allow SoCalGas customers the option to purchase RNG and use it as part of their natural gas service. SoCalGas has been working to increase the amount of renewable gas produced in California for delivery to its customers and for use in transportation. RNG production is growing in California. The state currently has about 30 operational dairy RNG projects with an estimated total emissions reduction of more than 1.4 million metric tons of greenhouse gas reduction (CO2e). Experts estimate as many as 160 RNG facilities will be in operation by 2024. For more information on SoCalGas vision for California's clean energy future, visit www.socalgas.com/vision. About Anaergia Anaergia is the global technology leader in recovering value from waste for the municipal, industrial, and agriculture sectors. Through its proven portfolio of proprietary technologies, Anaergia's integrated solutions create value for its customers in the forms of renewable energy, quality fertilizers, and clean water, while dramatically reducing the cost of waste management. Anaergia's affiliates operate out of ten regional locations, including two manufacturing plants. Anaergia's technologies are in use at over a thousand resource recovery facilities worldwide, reducing greenhouse gas emissions while creating new revenue sources for its clients. For more information on Anaergia, please visit www.anaergia.com or contact info@anaergia.com. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 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
Renewable Natural Gas Produced by Anaergia from Diverted Landfill Waste Now Flowing through SoCalGas System
RIALTO, Calif., March 18, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and Anaergia, Inc. (Anaergia) announced today that renewable natural gas (RNG) produced from household waste is now flowing into SoCalGas' pipeline system from the Rialto Bioenergy Facility (Facility). The Facility is located in San Bernardino County, California, and owned by Rialto Bioenergy Facility, LLC, an Anaergia company. A new one-mile pipeline connects the Facility to an existing SoCalGas pipeline. This is the fifth project in which carbon-negative RNG has been injected directly into SoCalGas' system. Images and video of the project can be found here. Using Anaergia's advanced anaerobic digestion technology and proprietary systems, the Facility will produce up to 985,000 MMBTU/year of RNG each year using up to 300,000 tons of waste from local landfills and biosolids from regional wastewater treatment plants. Creating this carbon-negative fuel from waste will reduce landfilling and decrease greenhouse gas emissions by up to 220,000 metric tons per year—an amount equal to removing 47,500 passenger cars from the road. "This project marks the fifth time SoCalGas has connected to an in-state renewable natural gas producing facility, and we're now distributing RNG from nearly 25 dairy farms and more than 18 cities' refuse collectors," said Jawaad Malik, SoCalGas vice president of strategy and sustainability, and chief environmental officer. "Capturing the methane that would have been emitted from this waste helps combat climate change and provides clean transportation fuel that also improves air quality." "We are proud to support California's ambitious climate goals of landfill diversion, greenhouse reduction, and production of in-State carbon negative fuel," said Yaniv Scherson, Anaergia Chief Operating Officer. "The Rialto Bioenergy Facility is the largest generator of RNG in California and the first of a number of facilities Anaergia is constructing and developing across California to service the landfill diversion and RNG procurement needs of municipalities under SB 1383." "This RNG project is an important step toward ensuring San Bernardino County residents have access to affordable and reliable energy, all while achieving California's clean energy goals," said Joe Baca Jr., San Bernardino County Supervisor (District 5). "This important RNG project utilizes existing household waste to deliver clean fuel for trucks, reducing air pollution along our San Bernardino County freeways while providing jobs and revenue sources for our residents." RNG is a clean fuel that can be used to heat homes and businesses, for cooking, and to fuel trucks and buses. Today organic waste from farms, landfills, and wastewater treatment plants account for about 80% of methane emissions in California. To combat that issue, California passed a law requiring 40% of methane from sewage treatment plants, dairies and other agriculture to be captured, with provisions for energy delivery to customers as part of the state's plan to reduce greenhouse gas emissions. In addition, the Coalition for Renewable Natural Gas projects that in California, RNG can generate $14.3 billion in economic growth, and support over 130,000 clean energy sector jobs in maintenance, manufacturing, construction, operations, and engineering. Recently the California Public Utilities Commission approved SoCalGas' request to offer a voluntary RNG tariff. The program will allow SoCalGas customers the option to purchase RNG and use it as part of their natural gas service. SoCalGas has been working to increase the amount of renewable gas produced in California for delivery to its customers and for use in transportation. RNG production is growing in California. The state currently has about 30 operational dairy RNG projects with an estimated total emissions reduction of more than 1.4 million metric tons of greenhouse gas reduction (CO2e). Experts estimate as many as 160 RNG facilities will be in operation by 2024. For more information on SoCalGas vision for California's clean energy future, visit www.socalgas.com/vision. About Anaergia Anaergia is the global technology leader in recovering value from waste for the municipal, industrial, and agriculture sectors. Through its proven portfolio of proprietary technologies, Anaergia's integrated solutions create value for its customers in the forms of renewable energy, quality fertilizers, and clean water, while dramatically reducing the cost of waste management. Anaergia's affiliates operate out of ten regional locations, including two manufacturing plants. Anaergia's technologies are in use at over a thousand resource recovery facilities worldwide, reducing greenhouse gas emissions while creating new revenue sources for its clients. For more information on Anaergia, please visit www.anaergia.com or contact info@anaergia.com. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 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
Industry-Leading SoCalGas Energy Efficiency Programs Save 40 Million Therms in 2020
LOS ANGELES, March 17, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced that last year, the company's energy efficiency programs helped conserve more energy than any other natural gas utility in the U.S. The utility invests more in energy efficiency than any other natural gas local distribution company in the country and currently operates the largest natural gas energy efficiency program. In 2020, SoCalGas' energy efficiency programs saved enough energy to power 100,000 homes in southern California for one year. By using less energy, SoCalGas customers saved more than $44 million in energy costs last year alone and reduced greenhouse gas emissions linked to climate change by more than 211,000 metric tons – equal to removing 45,000 cars from the road. "Energy efficiency must be the foundation as we build the cleanest, safest and most innovative energy company in America. The track record for energy efficiency is undisputed: it reduces greenhouse gas emissions while saving our customers money on their bills," said Gillian Wright, senior vice president and chief customer officer at SoCalGas. "As customers think about their natural gas use, they should look to SoCalGas and our energy efficiency rebate and cost-savings programs to help them achieve their own sustainability goals." SoCalGas' energy efficiency programs have offered consistent energy savings and have been an industry leader for more than a decade. Approximately 1.5 million households and businesses enrolled in the utility's energy efficiency programs in 2020. One of the most effective SoCalGas energy efficiency programs is the home energy report. Residential customers enrolled in this program receive a personalized report that helps them better understand their natural gas usage and how to use energy wisely to help lower bills. SoCalGas also offers energy efficiency rebates to residential and business customers on hundreds of appliances and products that help conserve energy and reduce costs. To learn more about these measures, click here. An energy efficient natural gas appliance, over its lifetime, will save customers thousands of dollars in natural gas costs. A tankless water heater can save about $1,500, an efficient traditional water heater about $200. An energy efficient furnace will use about $550 less in natural gas over its lifetime and a smart thermostat, which can learn a customer's schedule and temperature preferences to adjust the temperature in the home accordingly, can save $125 over its lifetime. In the last five years, SoCalGas' energy efficiency programs have generated over $1 billion in avoided energy costs and delivered more than 219 million therms in energy savings, enough natural gas usage for 548,000 households a year. These energy savings reduced greenhouse gas emissions by 1.15 million metric tons of carbon dioxide, equivalent of removing more than 250,000 cars annually. Overall, these measures have helped SoCalGas customers save over $241 million on their natural gas bill costs over the past five years. In addition to its energy efficiency programs, SoCalGas' Energy Savings Assistance (ESA) program provides eligible customers with home improvements, at no cost to the renter or homeowner, that help conserve energy, reduce natural gas use and enhance the safety, health, and comfort of the renter or homeowner. SoCalGas provides this service to approximately 100,000 customers each year. To date, more than 1.5 million homes have received upgrades through the ESA program. To learn more, please visit socalgas.com/assistance. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 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
SoCalGas Provides $50,000 in Grant Funding to Support Minority Students in the San Gabriel Valley and Inland Empire
LOS ANGELES, March 16, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced its donations to the Society of Extraordinary Women (SOEW) and The Pasadena Delta Foundation, Inc. (PDF) with $25,000 grants respectively to provide supplies and services to aid female high school and college minority students pursuing an education in science, technology, engineering, and math (STEM). "SoCalGas strives to create systematic change for racial equality and social justice focused on equality and inclusion. It's been an amazing opportunity to partner with organizations like the Society of Extraordinary Women and the Pasadena Delta Foundation in driving programs that help support the youth in our communities," said Jill Huppenbauer, director of diversity, equity and inclusion at SoCalGas. "These funds will help provide materials and resources for these students to help them continue to learn and grow, hopefully allowing them new opportunities to excel." "Our exceptional programs at SOEW provide exposure to great opportunities that they would otherwise not have. We're extremely grateful and proud to partner with SoCalGas to assist our students in need with necessary funding and help make their aspirations a reality," said Shirley Coates, founder and president of Society of Extraordinary Women. "Through our programs, students are exposed to technology, for now and for the future. They're able to study subjects such as GIS, mapping, robotics, coding and more, which allows them to discover new opportunities in traditionally male-dominated career paths in STEM and various trades." The $25,000 grant provided to SOEW will help expand its Ignite Leadership and STEM Academy program, which encourages middle through high school female students to pursue careers in STEM and GIS, to the Inland Empire. Through this grant, students without internet services were provided access to Spectrum internet and those without access to a computer received notebooks and writing supplies. Additionally, the funds were also used to provide stipends for participating teachers and for the hiring of program coordinators. "The Ignite Leadership and STEM Academy has changed my life significantly and I've been a proud participant since the seventh grade," said Aleeyah, a freshman at Spelman College. "Being a part of this program has opened many doors that I didn't even know could be open for me, such as attending flight school to learn how to be a pilot. I just want to thank Mrs. Coates in pushing us to be the best that we can be and helping us grow our confidence. Together, we can achieve more." "The Pasadena Delta Foundation, Inc. is excited to present STEM scholarships to underrepresented students in the greater Pasadena area. We are extremely grateful and proud to partner with SoCalGas to provide necessary funding to make these opportunities a possibility for our college students," said Debra Ward-Samad, president of the Pasadena Delta Foundation, Inc. "These funds will allow our students the financial freedom to pursue their interests in STEM freely." The PDF STEM Scholarship program is designed to assist deserving students currently enrolled in a four-year college with a STEM field major by providing scholarships for the completion of their degree, and to further enhance their competitiveness in the workforce. The $25k grant will provide five students with $5,000 scholarships that will be used towards tuition, living expenses, school supplies, study materials and additional courses to further their education. "I am beyond grateful to be receiving this award from the Pasadena Delta Foundation. I cannot thank the organization enough -- the scholarship will be used towards my study materials and help pay for my Spring and Fall tuition," said Nicole, a freshman at California State University, Northridge. "I am so thankful for this opportunity and extremely appreciative of the support on this exciting journey towards becoming a Mechanical Engineer!" About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the Society of Extraordinary Women The Society of Extraordinary Women is a group of dedicated business professional, educators, and community leaders offering girls a path to a greater future by providing access to high quality training and mentoring the produce extraordinary outcomes designed to make an indelible impression on each participant. Mission: "Empower girls to discover their extraordinary selves through education and mentoring for a life time". About Pasadena Delta Foundation and Pasadena Alumnae Chapter of Delta Sigma Theta Sorority, Inc. The Pasadena Delta Foundation (PDF) was founded in 1994 as a means to fund scholarships for youth and other community benefits programs that promote, improve and sustain the quality of life and equity advancements in education, economic, health and social justice in the Black community in the greater Pasadena area. PDF is proposing a scholarship program focused on underrepresented Black college students studying science, technology, engineering and math (STEM) fields. SOURCE Southern California Gas Company
Sempra Companies Donate Over $42 million in 2020
The Sempra family of companies invested a record $42.1 million in charitable giving in 2020. Between the COVID-19 pandemic, multiple climate-related disasters and calls for social justice, 2020 presented immense challenges to the communities where we operate. We are committed to living our values — do the right thing, champion people and shape the future — by supporting nonprofit organizations that are working to provide relief to our communities, especially during the times when they need it most. Highlights from Sempra Energy and the Sempra Energy Foundation: COVID-19 The Sempra Energy Foundation provided $1.75 million in aid to small and mid-sized nonprofits through its Nonprofit Hardship Fund and another $500,000 to the Oncor Cares Foundation for COVID-19 relief in Texas. In addition, Sempra gave an additional $250,000 in support of community needs in San Diego and Tijuana, complementing the support of IEnova, SDG&E, SoCalGas, Sempra LNG and Oncor Electric Delivery Company LLC (Oncor). In sum, the Sempra family of companies gave $14.1 million in COVID-19 related assistance to communities across California, Texas, Louisiana, Mexico and beyond. Disaster Relief in 2021 Last month, the Sempra Energy Foundation pledged $1 million to assist communities in Texas recovering from the unprecedented winter storm that blanketed the state in February 2021. This builds on a $250,000 donation by Sempra Energy for food and water relief in Houston and Southeast Texas and bolsters an additional $1 million pledged by Oncor, of which Sempra Energy is a majority owner, to community organizations within its service territory. Disaster Relief In addition to the COVID-19 pandemic, multiple wildfires in California along with hurricanes in the Gulf Coast region impacted communities where we operate. Sempra and the Sempra Energy Foundation responded quickly to these disasters, committing $900,000 in disaster relief across Louisiana, Texas and California. Social Justice A key factor in Sempra’s high-performance culture is our long-standing commitment to an inclusive workplace, where we value diverse views, backgrounds and experiences. Last summer, Sempra launched a Social Justice Campaign, raising more than $715,000 in employee donations and matches. At Sempra, we believe when employees are encouraged and empowered to be their authentic selves, it elevates performance and helps us partner responsibly with our communities to work toward building a more equitable and inclusive society for all. Holiday Giving At the end of 2020, the Sempra Energy Foundation issued grants totaling $400,000 to organizations such as the Ronald McDonald House Charities across our service territories for their holiday programs that provide toys, meals and holiday cheer. In addition, employees were invited to make personal contributions that were matched by the Sempra Energy Foundation raising another $46,000 in donations. Thanks to our generous workforce we were able to make an even greater impact in the communities we serve last holiday season. Find out more about the different ways we strive to make an impact in our communities.
Nelly Molina Q&A: Driving Sustainable Value for Shareholders
Nelly Molina is vice president of investor relations for Sempra Energy. In this role, Molina is responsible for communicating with the investment community about Sempra Energy’s disciplined focus on delivering long-term sustainable value. Before starting her current role last year, Molina previously served as chief financial officer for Infraestructura Energética Nova (IEnova), managing the company’s corporate finances, business planning, financial reporting, mergers and acquisitions, investor relations, risk management, and information technology, among other areas. In 2020, Molina was recognized by Institutional Investor Magazine as the best overall chief financial officer among Latin America energy companies in the publication’s list of “Latin America’s Most Resilient Executives and Companies.” Learn more in this Q&A with Nelly Molina: You began your Sempra career with IEnova, Sempra’s subsidiary in Mexico. IEnova develops, builds and operates energy infrastructure in Mexico and is one of the largest private energy companies in the country. How did this experience prepare you for your current role? I spent the past 10 years of my career with IEnova and joined the Sempra Mexico team prior to the initial public offering (IPO) of IEnova. Preparing for the IPO was one of the most fulfilling experiences I’ve had as a finance executive, working hand in hand with a great group of people from Sempra in the U.S. and in Mexico. I was involved in the small details without losing sight of the big picture. This was a remarkable team effort and the transaction was completed quickly and efficiently. I also had the privilege to be around and guided by extraordinary leaders at Sempra and IEnova — leaders with a clear long-term vision of what we wanted to accomplish. The IPO process prepared IEnova to operate with agility and with strong governance since day one. Managing the corporate finances at IEnova helped me to transition to this new opportunity as Sempra Energy’s vice president of investor relations, for which I am very grateful. I now have the challenge to develop new skills in a different country and learn more about the full Sempra businesses and the markets where we operate. What advice would you give to women considering a career in finance? It may not be as common to find females in the finance field, but this is changing as more women are preparing for these roles with a broader finance skillset. There’s plenty of room for women in finance! First of all, I would say that one should take every opportunity to learn. Acquire experience, deep knowledge and abilities across a broad range of topics. Second, continue with additional and post-graduate education. I completed my master’s degree after I got married, while I was working full time, pregnant and living in a new city. I know it requires a lot of energy, but the effort is worth it. Third, find the right mentors and people that can support you every step of the way. Finally, find a good balance between your professional and personal life. Having firm support from my family and my husband was fundamental to what I wanted to accomplish professionally. It requires hard work, no doubt about it, but it is very rewarding when organizations can benefit from your experience, knowledge and openness to continue learning and growing. What are some of the ways Sempra Energy provides long-term, sustainable value for shareholders? We are very proud of our strong financial and operational performance in 2020 and the many accomplishments achieved throughout a difficult year worldwide. Our results are a credit to our strategic focus on creating sustainable value, on disciplined and consistent execution and on safety and operational excellence, and to our high-performance culture. For more information on our 2020 performance, you can read our year-end earnings press release or listen to our year-end earnings call. In every step we take, we are focused on creating sustainable value for our shareholders. In 2020, we increased our dividend for the 11th consecutive year and executed a $500 million share buyback program as part of our goal of returning value to shareholders. Our focus on transmission and distribution investments, underpinned by our U.S. utilities, has delivered stable cash flows, improved earnings visibility, and strong organic growth as we continue to invest in safety, reliability and cleaner technologies. Additionally, through our plan to simplify the ownership structure of Sempra LNG and IEnova under Sempra Infrastructure Partners, we believe there is an opportunity to create scale, unlock portfolio synergies and better position the business for growth. We expect the new business structure to create additional shareholder value over the long-term. We are committed to expanding our position as a leader in the top-tier North American markets where we operate: California, Texas, Mexico and the LNG export market. We are focusing on innovation and sustainability as our operating companies enable the delivery of lower-carbon energy. I believe we have a very compelling story for the near- and long-term as the owner of one of the largest energy networks in North America. We also are confident that our strategy of making critical new investments in transmission and distribution infrastructure will help accelerate the energy transition. What are Sempra Energy’s priorities for 2021? As our Chairman and CEO, Jeff Martin, said in our year-end earnings call, we are continuing to focus on executing health and safety programs to help mitigate COVID-19 risk for our employees. We want to continue our strong track record of operating safely and reliably while serving our customers across our businesses. One important milestone is completing the proposed Sempra Infrastructure Partners transactions, including selecting the right partner and the right value for our infrastructure business franchise. Additionally, we are continuing to execute on our five-year, $32 billion capital plan and we continue to see robust opportunities to invest in our U.S. utilities and our infrastructure business. The capital plan is anchored by $29 billion dollars of investment in our U.S. utilities from 2021 to 2025, with a focus on safety and reliability. This represents over 90% of our total capital plan and is the largest utility capital program in our company’s history. We are making investments to enhance our pipeline infrastructure and investing in innovative and cutting-edge technologies to advance our industry-leading wildfire mitigation program at San Diego Gas & Electric to help keep our communities safe. Financially, we are focused on delivering strong financial results for the year and continuing to strengthen our balance sheet. In 2021 and forward we will continue to support the global energy transition and help advance a net zero future for the communities we serve. 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 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 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; moves 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 (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, 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 and interest and inflation 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.
SoCalGas Donates $50K to Support Latino Restaurant Association's Feeding Frontliners Campaign and Restaurant Recovery Educational Boot Camp
LOS ANGELES, March 11, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it has donated $50,000 to the Latino Restaurant Association (LRA) to support two Feeding Frontliners campaign events and the nonprofit's new Restaurant Recovery Educational Boot Camp, which will provide free business education to approximately 100 minority restaurant business owners. The first Feeding Frontliners campaign event funded under the utility's donation was held today at Martin Luther King Jr. Community Hospital. More than 550 healthcare workers received warm meals from three local restaurants. For photos of the event, please click here. "We are proud to show our continued appreciation to our community heroes while supporting local restaurants through our partnership with LRA," said Andy Carrasco, vice president of communications, local government, and community affairs at SoCalGas. "We are also proud to sponsor LRA's Educational Bootcamp program to help restaurant owners weather this storm. The past year has been challenging for so many and we want to thank those who play an important role in serving our communities." "We launched our Feeding Frontliners campaign as a response to the COVID-19 pandemic to support minority-owned restaurants and bring a little joy to frontline workers," said Lilly Rocha, co-founder of the Latino Restaurant Association. "Through the generosity of community partners like SoCalGas, we have been able to expand our support to minority business owners." "We express our gratitude to the Latino Restaurant Association and SoCalGas for bringing some comfort and cheer to our frontliners. We also appreciate their support of local restaurants in the community. We are stronger together," said Dyan Sublett, MLK Community Health Foundation president. Since March of 2020, SoCalGas and LRA have provided more than 2,700 meals to healthcare workers in 10 medical centers and have supported nine minority-owned restaurants across Southern California through the Feeding Frontliners campaign. This week, LRA began accepting applications for its free Restaurant Recovery Educational Boot Camp. The six-week virtual program will provide restaurant owners with tools and resources to grow their business. Sessions will be hosted in English and Spanish. To learn more or to apply to the Restaurant Recovery Educational Boot Camp click here. SoCalGas is dedicated to supporting the health, safety, and wellness of our community. In addition to supporting the LRA's Feeding Frontliners campaign and Restaurant Recovery Educational Boot Camp, the utility has donated more than $3.5 million to nonprofit organizations for COVID-19 recovery efforts, which include providing educational resources to students, supporting the region's workforce, feeding the hungry, providing bill assistance to customers, and more. For more information about SoCalGas' response to the COVID-19 pandemic, please visit www.socalgas.com/coronavirus. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America , delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the Latino Restaurant Association The Latino Restaurant Association promotes, supports and educates restaurateurs and small business owners to ensure the equitable economic growth of the Latino restaurant sector. As a member association we work to bring our member community together to advocate for the critical issues impacting our industry and provide resources and educational opportunities to support efficient business practices. The LRA strives to create an all-inclusive Latino restaurant platform for the country. About Martin Luther King Jr. Community Hospital MLKCH is an award-winning, all-digital community hospital in one of the most medically-underserved areas in the nation. Opened in 2015, its mission is to provide high-quality and compassionate care to improve the health of South Los Angeles. www.mlkch.org SOURCE Southern California Gas Co.
Palm Desert Affordable Housing Community Receives Nearly $1 Million in Energy Efficiency Upgrades Courtesy of SoCalGas Energy Savings Assistance Program
LOS ANGELES, March 11, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the completion of nearly $1 million in energy efficiency upgrades for the 791 residents at One Quail Place Apartments, an affordable housing community in Palm Desert. The upgrades SoCalGas provided include 11 high-efficiency boilers which will supply hot water to all 384 apartment units in the community. In addition to the energy-saving high-efficiency boilers, SoCalGas and SoCal Edison (SCE) installed low flow showerheads, low flow aerators, thermostatic shower valves, thermostatic tub spouts, door weather stripping, high efficiency HVACs, refrigerators and exterior light bulbs in units and throughout the complex. The work is part of SoCalGas' Energy Savings Assistance (ESA) program's Common Area Measures (CAM) effort. The upgrades will reduce overall operating costs at the community by cutting energy consumption by nearly 15%. "SoCalGas is committed to doing our part to help California reach its climate goals which includes enabling our customers to conserve energy while also saving money," said Brian Prusnek, director of customer programs and assistance at SoCalGas. "We are proud to have worked with the City of Palm Desert and SoCal Edison to provide a more energy-efficient and comfortable living environment for the 791 residents at One Quail Place." "The partnership with SoCalGas and SoCal Edison represents a true collaboration for the public good," said Palm Desert Mayor, Kathleen Kelly. "The operational dollars saved by this project will aid the Palm Desert Housing Authority in providing additional affordable housing opportunities to the public." "The improvements we made in collaboration with SoCalGas will help this housing community and the residents save money by reducing energy usage without sacrificing comfort," said Eugene Ayuyao, SCE's senior manager of customer programs – energy efficiency and conservation. " One Quail was our first project that's part of the CAM program and will serve as a model for our future projects in this program." SCE replaced 242 HVAC units and seven refrigerators inside individual residences throughout the complex. The company also replaced 475 exterior bulbs and ten pool and spa lights. These new, energy-efficient upgrades are expected to reduce the complex's energy usage by about 200,000 kilowatt-hours annually. The Common Area Measures initiative, through the Energy Savings Assistance Program, aims to provide low-income, deed-restricted properties with no-cost energy saving upgrades to their common areas. This could include boiler or water heater replacements, pipe insulation and ancillary services. The offering is ratepayer funded and administered by SoCalGas at the direction of the California Public Utilities Commission. To qualify, the property must be deed restricted and the owner must certify that at least 65% of the resident households meet the ESA income guidelines. Energy efficiency services provided differ by utility and are limited to the communal areas, or common energy systems, of the residential building(s) or property. This program can be combined with the ESA in-unit offerings. In the last five years, SoCalGas' energy efficiency programs have generated over $1 billion in avoided energy costs and delivered more than 219 million therms in energy savings, enough natural gas usage for 548,000 households a year. These energy savings reduced greenhouse gas emissions by 1.15 million metric tons of carbon dioxide, equivalent of removing more than 250,000 cars annually. Overall, these measures have helped SoCalGas customers save over $241 million on their natural gas bill costs over the past five years. In 2020, the company's energy efficiency programs helped conserve more energy than any other natural gas utility in the U.S. SoCalGas' energy efficiency programs saved enough energy to power 100,000 homes in southern California for one year. The utility invests more in energy efficiency than any other local natural gas distribution company in the country and currently operates the largest natural gas energy efficiency program. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to helping homes and businesses decarbonize their energy usage by delivering 5% renewable gas by 2022 and 20% by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 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
SoCalGas to Assist Local Fleet Owners in Securing Incentive Funds to Transition to Cleaner Technologies
LOS ANGELES, March 9, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today opened its annual initiative to assist fleet owners operating within the South Coast Air Quality Management District (SCAQMD) apply for incentive funding to replace diesel trucks with new near-zero emissions natural gas trucks through the Carl Moyer Program. Approximately $36 million is available for eligible clean air projects within the SCAQMD's territory. Approved fleet owners can apply to receive up to $100,000 towards the purchase of new natural gas trucks and compressed natural gas fueling stations. This year's application period will run through June 1, 2021. The transportation sector is responsible for about 40 percent of California's greenhouse gas emissions (GHG) and more than 80 percent of the state's NOx, or smog-forming, emissions. Heavy-duty trucks with the latest natural gas engines can cut smog-forming emissions by more than 90 percent compared to the cleanest heavy-duty diesel trucks on the road today. When these ultra-low emission natural gas trucks are fueled by renewable natural gas (RNG), GHG emissions are reduced by at least 80 percent. SoCalGas currently operates 15 public RNG fueling stations across its service territory. According to a 2020 report, RNG use as a transportation fuel in California has increased 210 percent over the last five years, helping displace more than 4.2 million tons of carbon dioxide equivalent (CO2e). "The transportation sector remains the largest contributor of greenhouse gases in our state," said Rasha Prince, director of customer energy solutions at SoCalGas. "The Carl Moyer Program plays a key role in California's strategy to achieve clean air and contributes to the Governor's zero-emission transportation policy which sets new vehicle standards that require for 100 percent of medium- and heavy-duty vehicles in the state be zero-emission by 2045." "When local truck fleets make the transition to cleaner technologies, we take a step closer to solving our mobile source problem, which account for about 80% of NOx emissions in our region," said Wayne Nastri, South Coast AQMD's Executive Officer. "By providing incentives for the replacement of dirty, diesel-burning trucks, the Carl Moyer Program targets air pollution where it is needed most." Since 2018, SoCalGas has assisted customers in securing incentive funding for 409 near-zero emissions heavy-duty trucks and 34 Compressed Natural Gas (CNG) fueling stations through the Carl Moyer Program. The emissions reductions attained by replacing 409 diesel trucks is equivalent to 48,671 traditional combustion engine cars off our roads. Last year, the utility assisted the City of El Monte in securing funding for a new RNG fueling station to support the City's local transit buses, trucks, street sweepers, and waste haulers. "The Carl Moyer Program has helped provide the needed funding to continue our transition to cleaner technology in our transportation sector," said Salvador Mendez, Public Works and Utilities Director for the City of El Monte. "Equipment with cleaner technology can help improve the air quality in our city. We thank SoCalGas for their support and partnership in helping the City of El Monte secure this funding." The Carl Moyer Program is a tool to help California reduce emissions from the transportation sector and reach its climate goals. Since 1998, the program has provided $530 million in incentive funding, which has resulted in a reduction of approximately 8,601 tons per year of NOx and over 249 tons per year of particulate matter emissions throughout its territory. The program grant is competitive, which means funds are distributed on a rolling basis until all money is awarded. Fleet owners interested in receiving support from SoCalGas in securing funding through the Carl Moyer Program can email CleanTransportation@semprautilities.com. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 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
Diverse Businesses Awarded Over $884 Million in SoCalGas Contracts in 2020, 42% of Total Spending
LOS ANGELES, March 8, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today the company achieved another record year of spending with over 550 diverse business enterprises in 2020—at $884.2 million, the highest in company history. SoCalGas exceeded the California Public Utilities Commission's (CPUC) goal of 21.5% for the 28 th consecutive year by procuring nearly 42% of total goods and services from women, minority, service-disabled veteran, and LGBT-owned businesses. "During these unprecedented times where our world grapples with the COVID-19 pandemic, massive economic challenges and glaring racial inequities, SoCalGas is proud to have worked with over 550 diverse suppliers in 2020," said Jeff Walker, chief administrative and diversity officer and senior vice president at SoCalGas. "As SoCalGas looks to build the cleanest, safest and most innovative energy company in North America, our diverse suppliers will be a crucial part of our mission and we look forward to continuing our work with these business enterprises for years to come." "I commend SoCalGas for their continued commitment to supplier diversity, thus supporting the growth and development of diverse business enterprises," said California State Senator Steven Bradford (D- Gardena). "Supplier diversity is a critical component of the business environment in California. The late Honorable Gwen Moore worked tirelessly to create focus on this issue, emphasizing the importance of utilizing diverse businesses and helping them to build a sustainable business. SoCalGas is a true leader in this space." In addition to spending with diverse enterprises, SoCalGas also invests in the development of these firms. Development opportunities include business assessment programs, entrepreneurship courses, organizational and operation strategy programs, mentorship and technical assistance. The programs are designed to help diverse suppliers enhance their operations and help ensure success in their business partnerships. "Things really took off for us when we began providing services for SoCalGas' Pipeline Integrity Management Program and Pipeline Safety Enhancement Plan and were awarded a master service agreement to provide engineering and surveying services," said Mary Josenhans, co-founder, president and CEO at WestLAND. "In 2014, we had 70 employees; now, we have about 100 employees. The increase is almost entirely due to SoCalGas — more than half of our employees are working on the company's projects," said Craig Bingham, vice president at Johnson-Peltier. In 2020, SoCalGas purchases with women-owned businesses were surpassed for the 32 nd consecutive year, totaling nearly $243 million. The company also marked spend with 135 new diverse firms as well as $192 million in spend with diverse subcontractors. Other 2020 highlights include: $568 million spent with minority-owned businesses (category includes both minority men and women-owned) 41.3% total purchases with diverse suppliers $61 million spent with disabled-veteran business enterprises 15 firms among the top 25 SoCalGas suppliers are diverse firms 92% of suppliers are based in SoCalGas' home state of California In 2021, SoCalGas plans to continue its best practices in supplier diversity and identifying opportunities for diverse suppliers as the company looks toward the future of energy in California. More information on the company's mission and strategic priorities can be found at socalgas.com/mission. More information about SoCalGas' commitment to supplier diversity can be found in the newly released 2020 Supplier Diversity Annual Report. To apply to the SoCalGas Supplier Diversity Program please visit socalgas.com/for-your-business/supplier-diversity. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to helping homes and businesses decarbonize their energy usage by delivering 5% renewable gas by 2022 and 20% by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 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
SDG&E Purchased More Than 40 Percent In Goods & Services From Small & Diverse Suppliers In 2020
SAN DIEGO, March 1, 2021 /PRNewswire/ -- During a year when the economy was devastated by the pandemic, San Diego Gas & Electric sustained small and diverse suppliers by buying more than 40 percent in goods and services from them, according to the company's newly released 2020 supplier diversity annual report. "As one of the largest employers in the region, we recognize our supplier diversity program can be leveraged to help create a more inclusive economy and more equitable economic recovery," said SDG&E CEO Caroline Winn. "Small and diverse businesses are job creation engines. When they flourish, our entire region flourishes." Overall, SDG&E injected more than $2 billion into the economy last year, the highest level of expenditures on goods and services in the company's 140-year history. The company invested $872 million on small and diverse suppliers, representing 41.6% of the total expenditures – far exceeding the 21.5% goal set by the California Public Utilities Commission's (CPUC). Last year also marks the eighth consecutive year that SDG&E's supplier diversity spending surpassed 40%. (Videos of some of SDG&E's diverse suppliers: A.M. Ortega Construction , Patriot General Engineering) Year after year, SDG&E's supplier diversity program has grown, paving the way for many subcontractors to become prime contractors and add jobs to the local economy. To encourage large local employers to follow suit, SDG&E recently partnered with the San Diego Regional Economic Development Corp. (EDC) on a new study that analyzes the impact of increased local procurement on quality job creation, and includes recommendations for large employers to support small businesses by buying local. Along with the study, SDG&E also sponsored the EDC's " Right Recovery Town Halls." Here is a breakdown of SDG&E's 2020 spending by diverse business categories: Minority Business Enterprise: $455.4 million or 21.7% Women Business Enterprise: $285.9 million or 13.6% Service-Disabled Veteran Business Enterprise: $120.5 million or 5.7% Lesbian, Gay, Bisexual, Transgender Business Enterprise: $10.4 million or 0.5% Diverse suppliers support many of SDG&E's key functions including electric engineering and construction, gas operations, clean transportation, sustainability/environmental services and wildfire mitigation/vegetation management. Early in the pandemic, SDG&E even partnered with a Vista-based whiskey distillery to refocus production on hand sanitizers for its field crews. 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. SOURCE SDG&E

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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).