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Displaying results 781 - 795 of 1201
SoCalGas and LADWP Mark Completion of Million-Dollar Energy Efficiency Project at Angelus Plaza, Largest HUD Project in the Western U.S.
LOS ANGELES, Nov. 13, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today joined the Retirement Housing Foundation (RHF), a non-profit, affordable housing provider, and the Los Angeles Department of Water & Power (LADWP) to mark the completion of a two-year, $1 million energy efficiency project at Angelus Plaza in downtown Los Angeles. The energy efficiency upgrades are estimated to save over $150,000 annually in natural gas, equal to 160,000 therms of gas. This project will reduce emissions equal to taking nearly 200 cars off the road each year. The project is part of SoCalGas' Energy Savings Assistance Program's Common Area Measures (CAM) initiative. SoCalGas completed similar, smaller-scale energy efficiency projects at 35 RHF properties across Southern California. Please see photos from today's event here. "At SoCalGas, our vision is to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to our customers," said Jeff Walker, vice president of customer solutions for SoCalGas. "These energy efficiency upgrades demonstrate this commitment by helping low-income customers conserve energy and helping RHF to improve the living experience for residents through more affordable energy. SoCalGas is proud to have been a part of this work." "I can tell you that the Angelus Plaza project happened because of what the SoCalGas team did with getting us enrolled early in site-wide energy conservation programs," said Stuart Hartman, senior vice president of operations at the Retirement Housing Foundation. "They were a true partner every step of the way. The energy audit that SoCalGas commissioned opened up the full potential for gas, electric and water savings as well greenhouse gas reductions. Our site-wide systems reliability and overall efficiencies will improve immensely." "I'd like to congratulate Southern California Gas Company and the Los Angeles Department of Water and Power for completing a major energy efficiency upgrade to Angelus Plaza," said Jose Huizar, Los Angeles City Councilmember. "The project was completed at no cost to residents. This is precisely the kind of forward-thinking initiative that makes the City of Los Angeles a model for other urban areas across the nation." The two-year, million-dollar undertaking at Angelus Plaza, replaced six domestic hot water boilers, six space heating hot water boilers and installed one tankless hot water heater with higher efficiency equipment. The project also installed pipe insulation and on-demand boiler controls. In partnership with LADWP, SoCalGas completed upgrades in over 1,000 of the apartment units at Angelus Plaza. This work included installing low-flow shower heads and faucet aerators, thermostatic shower valves, door weather-stripping, common area lighting, LED lights and more. Through the Energy Savings Assistance Program (ESAP), the work completed came at no cost to RHF and will improve the comfort and safety of the residents living at Angelus Plaza. SoCalGas' Low Income and Energy Efficiency programs provided over $1 million in funding to Angelus Plaza for these improvements. "LADWP is proud to partner with SoCalGas in this project to improve the comfort and quality of life for Los Angeles seniors," said David Jacot, P.E., Director of Energy Efficiency for the Los Angeles Department of Water & Power. "The long term energy, water and financial savings resulting from these energy efficiency upgrades will yield many benefits to the residents of Angelus Plaza for many years to come." The annual energy savings for the 1,000 LED bulbs, 1,000 LED night lights and 1,000 Smart Power Strips installed under ESAP is estimated at 169,400 kilowatt hours, enough to power 28 homes. The water savings achieved through the simple installation of shower heads and faucet aerators is estimated at 6,862,657 gallons per year; enough to supply the annual water needs for 64 homes. In addition 600,029 kilowatt-hours in savings were achieved through the installation of larger lighting fixtures under LADWP's Commercial Lighting Incentive Program (CLIP). This is enough energy to power 50 homes for one year, or the equivalent of removing 88 gas-powered vehicles from our highways. In total, Angelus Plaza's participation in LADWP's Energy Efficiency programs, qualified it for $139,270 in rebates and incentives. In addition to work at Angelus Plaza, which represents a multiyear utility and owner collaboration, SoCalGas, in partnership with LADWP, has completed upgrades at 35 other RHF properties. This represents over 5,300 affordable housing units, throughout southern California including Sun City Gardens, The Concord, Harbor Tower, and Pilgrim Tower North. RHF has participated in SoCalGas' On-Demand Efficiency, Energy Savings Assistance and Energy Smart programs to improve the tenant experience throughout RHF's portfolio of affordable properties. Upgrades across RHF's properties include but are not limited to: Energy Savings Assistance Program work: Over 3,000 affordable units served On-Demand Efficiency Program work: Over 3,950 units served Energy Smart Program work: Over 475 units served SoCalGas continues to be a leader in energy efficiency and helping to reduce emissions. Over the last five years, SoCalGas energy efficiency programs delivered more than 180 million therms in energy savings for customers, enough natural gas usage for 403,000 households a year. These advances have also helped save SoCalGas customers more than $198 million in utility bill costs. In 2018 alone, SoCalGas' energy efficiency programs saved customers $57 million. The commitment to reducing energy use is also evident in the SoCalGas vision, as announced earlier this year. As part of this vision to be the cleanest natural gas utility in North America, SoCalGas committed to replace 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Research shows that replacing about 20 percent of California's traditional natural gas supply with RNG would lower emissions equal to retrofitting every building in the state to run on electric only energy and at a fraction of the cost. Using RNG in buildings can be two to three times less expensive than any all-electric strategy and does not require families or businesses to purchase new appliances or take on costly construction projects. Learn more about SoCalGas's vision. Customers can learn more about Common Area Measures and Energy Savings Assistance Programs by visiting socalgas.com/save-money-and-energy/assistance-programs. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers safe, affordable, reliable, clean and increasingly renewable natural 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. Natural 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 natural 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas 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 Retirement Housing Foundation Headquartered in Long Beach, Retirement Housing Foundation (RHF) is one of this country's largest nonprofit organizations with a mission of providing various housing options for older adults, low-income families and persons with disabilities. RHF means home to more than 22,500 people in 197 housing communities in 29 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. For more information visit www.rhf.org and connect with RHF on Twitter (@RHFoundation) and Facebook. About LADWP The Los Angeles Department of Water and Power is the nation's largest municipal utility, with a 7,880 megawatt electric capacity and serves an average of 438 million gallons of water per day to 4 million residents, its business and visitors in the City of Los Angeles. LADWP is aggressively working with its customers to reduce greenhouse gas emissions by expanding renewable energy, energy efficiency and other clean energy alternatives. LADWP puts customers first by offering numerous rebate and incentive programs to help them reduce their energy use while also saving on their bills. To learn more about LADWP's commercial rebate programs visit www.ladwp.com or call (800) DIAL-DWP. LADWP is also on Twitter (@LADWP) and Facebook. SOURCE Southern California Gas Company
SoCalGas Joins LA Family Housing to Make Hundreds of Thanksgiving Dinner Kits for Those in Need
LOS ANGELES, Nov. 11, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) joined non-profit organization, LA Family Housing to make fleece pet blankets and assemble more than 300 Thanksgiving Dinner kits for Angelenos in need. This is the second year SoCalGas employee volunteers have assembled the Thanksgiving kits with LA Family Housing. Photos from the event are available here. "SoCalGas realizes the immense need to support our friends and neighbors who are struggling with, or on the verge of, homelessness. Our employees take pride in being able to volunteer to help those who need it most, not only during the holiday season, but year-round," said Gillian Wright, senior vice president of customer services at SoCalGas and board member for LA Family Housing. The Thanksgiving kits contain all the fixings one would need to make a traditional holiday dinner, including: canned cranberries, vegetables, yams, stuffing, and the like--plus a grocery store gift card for a turkey, which will help recipients to have a more enjoyable Thanksgiving holiday. "The holidays can be a tense time of year for people transitioning out of homelessness," said Stephanie Klasky-Gamer, LA Family Housing President and CEO. "With the support of partners like SoCalGas, we hope to create as many moments of joy as we possibly can, to cultivate a sense of positivity and warm memories." LA Family Housing is a non-profit organization helping people to transition out of homelessness and poverty through a continuum of housing enriched with supportive services. LA Family Housing's vision is to be a leader in providing solutions to end homelessness. The organization operates 29 properties of temporary, permanently affordable, and permanent supportive housing across Los Angeles, with headquarters and most services based in the San Fernando Valley. SoCalGas is a longtime supporter of LA Family Housing, having collaborated with the organization since 1998 and given over $102,000 in support. Last year, SoCalGas donated more than $7 million to non-profits and community organizations. SoCalGas employees contributed more than $700,000 through payroll deductions and performed thousands of volunteer hours for various non-profit groups throughout its service territory. In addition, SoCalGas raised a quarter of a million dollars for United Way's HomeWalk earlier this year in an effort to end homelessness. Learn more about SoCalGas' corporate giving at socalgas/com/our-community. SoCalGas remains committed to not only improving our environment but also ensuring that every Californian has affordable energy. Earlier this year, SoCalGas committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030 – as part of a broad, inclusive and integrated plan to help achieve California's climate goals while maintaining affordability, reliability and choice for its customers. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural 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. Natural 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 natural 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas 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 Donates $12,000 to Support California State University-Northridge Veterans and Students with Disabilities
LOS ANGELES, Nov. 11, 2019 /PRNewswire/ -- In honor of Veteran's Day, Southern California Gas Company (SoCalGas) today announced it has donated $12,000 to California State University, Northridge (CSUN) to enhance the availability of technologies that improve learning and future employment opportunities for CSUN student veterans and students with disabilities. The donation presented to CSUN's Veterans Resource Center (VRC) and Disability Resources and Educational Services (DRES) is being used to develop media literacy skills among veterans and students with disabilities who rely on adaptive technology—screen readers, closed captioning and the like-- to perform academic tasks such as writing and reading. Since 2018, SoCalGas has donated $22,000 to the two organizations. "The technologies funded by SoCalGas' generous donation will provide our students with new strategies for learning," said DRES Director Jodi Johnson. "If our students feel confident comprehending now while they're at CSUN, then that will leverage their future careers and help them to succeed outside of the classroom as well." Among these tools is Read&Write, a software program that helps users read with greater ease by hearing emails or documents read out loud to text prediction, picture dictionaries, summary highlighters and a grammar, spelling and confusable words checker. "We are proud to support the CSUN community and its students through our partnership with VRC and DRES. The work these organizations do on campus is so important for veterans, students with disabilities and the community," said David Meza public affairs manager at SoCalGas. The partnership between SoCalGas and DRES was forged by CSUN alumnus Louis Herrera, who works as a customer programs specialist at SoCalGas. Herrera, who is blind, is a role model and inspiration for SoCalGas employees. SoCalGas has volunteered and contributed to numerous organizations that aid veterans and those with disabilities including FrontSight Military Outreach, Meals on Wheels, Furnishing Hope, United Way and Habitat for Humanity. What's more, SoCalGas offers an employee resources group — Veterans Advancing Leading and Optimizing Results (VALOR) — dedicated to supporting veterans within the company and in the communities SoCalGas serves. This donation is just one part of SoCalGas' ongoing partnership with the CSUN community. In addition to the company's $10,000 donation in 2018, SoCalGas supported CSUN's 2017 Feria de Educación, a daylong fair for the community featuring educational workshops in English and Spanish, and CSUN's annual volunteer program Matadors Day of Service, when hundreds of student volunteers participate in gardening and clean-up activities in neighborhoods around campus. Also, in 2017 SoCalGas sponsored CSUN's Volunteer Income Tax Assistance (VITA) Clinic, which offers free tax preparation services to eligible taxpayers in the San Fernando Valley. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural 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. Natural 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 natural 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company
Sempra Energy Donates To Fisher House Foundation As Part Of Commitment To Veteran Causes
SAN DIEGO, Nov. 11, 2019 /PRNewswire/ -- Sempra Energy (NYSE:SRE) today announced that for its second annual Veterans Day grant, the company is donating $20,000 to Fisher House Foundation. The organization builds comfort homes for military and veteran families to stay in while their loved one is in the hospital, and has a grant program that supports scholarship funds for military children and spouses, and children of fallen and disabled veterans. "At Sempra Energy, we are truly inspired by the work that Fisher House Foundation does to support our veterans and their families at a time when they need it most," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Our support reflects our commitment to serving a diverse range of people and institutions within the communities where we live and work. As a U.S. Army veteran myself, I am proud of our company's commitment to helping our veterans and their families as it is aligned with our vision of delivering energy with purpose." Last year, Sempra Energy announced an annual Veterans Day grant program, which is part of the company's overall commitment to supporting veteran employees, as well as veterans who live in the communities where the company operates. In the past five years, the Sempra Energy family of companies has donated approximately $2.5 million to causes supporting veterans or active-duty service members. This year's grant will support the Fisher House Foundation's Heroes' Legacy Scholarship program, which provides scholarships to children of veterans who have died or become disabled through their military service. "Fisher House Foundation is grateful to Sempra Energy for their continuing support of veterans and military this Veterans Day," said Dave Coker, president of Fisher House Foundation. "Sempra Energy has shown they truly understand how important it is to bring military families together at a critical time – when loved ones are receiving care in VA and military hospitals." Fisher House Foundation also is focused on providing transportation and free housing for military and veteran families who have a loved one at a military or Veterans Affairs medical center. The organization's network includes 86 comfort homes across the U.S. and Europe, including in areas where Sempra Energy operates – with homes in San Diego, Los Angeles, Houston and Dallas. Since its inception, the program has saved military and veterans' families an estimated $451 million in out-of-pocket costs for lodging and transportation. Nearly 1,000 employees across the Sempra Energy family of companies have served in the U.S. Armed Forces. Sempra Energy regularly participates in job-recruitment events for veterans and the company has supplier-diversity programs that advocate for procurement opportunities for businesses owned by service-disabled veterans, women, minorities and LGBT-owned business enterprises. Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas to Begin Pipeline Inspection Project Along Westbury Drive in Granada Hills November 5
WHAT: SoCalGas will begin a pipeline inspection project along Westbury Drive in Granada Hills from Jolette Avenue to Balboa Boulevard. Work is scheduled to begin Tuesday, November 5, 2019 and is expected to continue through December 2019. To perform this project safely, the eastbound lane of Westbury Drive between Jolette Avenue and Balboa Boulevard will be closed. This portion of Westbury Drive will be converted into a one-way street for approximately four weeks during construction. Traffic control cones, message boards and flagmen will help direct the flow of traffic. Residents, local businesses, and commuters may hear work-related noise and see excavation equipment and vehicles during construction hours. No interruption to natural gas service is anticipated. Customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who smells gas to call us at 1-800-427-2200. SoCalGas is available 24 hours a day, seven days a week. WHERE: Westbury Drive from Jolette Avenue to Balboa Boulevard in Granada Hills as shown here. WHEN: Work hours are from 7:00 a.m. to 6:00 p.m. Monday through Friday, subject to change. Work will begin November 5 and end in December 2019, weather and other conditions permitting. PUBLIC CONTACT: Customers with questions or concerns about the construction work may call SoCalGas’ Customer Contact Center 24-hours a day, seven-days a week at 800-427-2200. Our top priorities are to work safely and to provide the communities we serve with safe and reliable natural gas service. ###
Lane Reductions on Sunset Boulevard Near West Hollywood for Pipeline Installation Project
WHAT: SoCalGas will begin a pipeline installation project in Los Angeles starting on November 4th. Crews will upgrade the existing natural gas main along Sunset Boulevard in the Los Angeles-West Hollywood area. To perform this work safely, lane closures and parking restrictions will be necessary. Westbound lanes on Sunset Boulevard will be reduced between N. Crescent Heights Boulevard and N. Hayworth Avenue during work hours. Residents and local businesses may hear some work-related noise. During work hours, commuters passing by the work site will see excavation, equipment and vehicles. No interruption to natural gas service is anticipated. Customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who smells gas to call us at 1-800-427-2200. SoCalGas is available 24 hours a day, seven days a week. WHERE: Sunset Boulevard between N. Crescent Heights Boulevard and N. Hayworth Avenue, as shown in this link. WHEN: Lanes will be reduced from 9 a.m. to 5 p.m., Monday through Friday, for approximately four weeks beginning on November 4th, depending on weather and other factors. PUBLIC CONTACT: Customers with questions or concerns about the construction work may call SoCalGas’ Customer Contact Center 24-hours a day, seven-days a week at 800-427-2200.
Sempra Energy Reports Strong Third-Quarter 2019 Earnings
SAN DIEGO, Nov. 1, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today reported third-quarter 2019 earnings of $813 million, or $2.84 per diluted share, up from $274 million, or $0.99 per diluted share, in the third quarter 2018. On an adjusted basis, the company's third-quarter 2019 earnings were $425 million, or $1.50 per diluted share, compared to $339 million, or $1.23 per diluted share, in the third quarter 2018. "At Sempra Energy, we laid out a plan last year to increasingly focus on core markets where we can produce the best results for our stakeholders," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "With our recently announced agreements to sell our South American businesses, it reflects our ongoing commitment to simplify our strategy. Our year-to-date financial results are a product of that more focused strategy, and the hard work and dedication of all of our employees." Sempra Energy's earnings for the first nine months of 2019 were $1.61 billion, or $5.74 per diluted share, compared with earnings of $60 million, or $0.23 per diluted share, in the first nine months of 2018. Adjusted earnings for the first nine months of 2019 were $1.46 billion, or $5.23 per diluted share, compared with $1.07 billion, or $4.00 per diluted share, in the first nine months of 2018. These financial results reflect certain significant items, as described on an after-tax basis in the following table of GAAP earnings reconciled to adjusted earnings for the third quarter and first nine months of 2019 and 2018. Three months ended Nine months ended September 30 September 30 (Unaudited; Dollars, except EPS, and shares, in millions) 2019 2018 2019 2018 (1) GAAP Earnings $ 813 $ 274 $ 1,608 $ 60 Retroactive Impact of 2019 GRC FD for First Half of 2019 (196) - - - Gain on Sale of U.S. Wind Assets - - (45) - Tax Impacts from Expected Sale of South American Businesses (192) - (99) (2) - Impacts Associated with Aliso Canyon Litigation - - - 22 Impairment of U.S. Wind Equity Method Investments - - - 145 Impairment of Non-utility U.S. Natural Gas Storage Assets - - - 755 Impairment of Investment in RBS Sempra Commodities - 65 - 65 Impacts from the Tax Cuts and Jobs Act of 2017 - - - 25 Adjusted Earnings (3) $ 425 $ 339 $ 1,464 $ 1,072 Adjusted Diluted Weighted-Average Common Shares Outstanding (3) 283 (4) 276 280 268 (5) Adjusted Earnings Per Diluted Common Share (3) $ 1.50 $ 1.23 $ 5.23 $ 4.00 Diluted Weighted-Average Common Shares Outstanding 296 276 280 266 GAAP Earnings Per Diluted Common Share $ 2.84 (4) $ 0.99 $ 5.74 $ 0.23 1) Amounts have been retrospectively adjusted for discontinued operations. 2) Includes $89 million income tax benefit due to change in indefinite reinvestment assertion of basis differences and structure of sale of discontinued operations, and $10 million to reduce a tax valuation allowance against certain net operating loss (NOL) carryforwards at Parent and Other. 3) Sempra Energy adjusted earnings, adjusted EPS and adjusted diluted weighted-average common shares outstanding are non-GAAP financial measures. See Table A for information regarding non-GAAP financial measures and descriptions of the adjustments above. 4) In the three months ended September 30, 2019, because the assumed conversion of the series A preferred stock is dilutive for GAAP Earnings, the numerator used to calculate GAAP EPS includes an add-back of $26 million of series A preferred stock dividends declared in that quarter. However, because the assumed conversion is antidilutive for the lower adjusted earnings, 13,238 series A preferred stock shares are not included in the denominator used to calculate adjusted EPS. 5) In the nine months ended September 30, 2018, the total weighted-average potentially dilutive stock options and restricted stock units of 736 and common shares sold forward of 945 were not included in the denominator used to calculate GAAP EPS due to the losses from continuing operations attributable to common shares, but have been added to the denominator used to calculate Adjusted EPS. OPERATING HIGHLIGHTS Sempra LNG Sempra Energy is continuing to advance its liquefied natural gas (LNG) development projects. Sempra Energy announced in October that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., Ltd. (Mitsui) reflecting the parties' preliminary agreement for Mitsui's participation in the Cameron LNG Phase 2 project, and a future expansion of the Energía Costa Azul (ECA) LNG project in Baja California, Mexico. The MOU is non-binding and contemplates the continued mutual support for the development of Cameron LNG Phase 2, including Mitsui's potential purchase of up to one-third of the available capacity of the project, as well as the potential offtake of approximately 1 million tonnes per annum of LNG and equity participation in a future expansion of ECA LNG. In September, Sempra LNG also entered into a MOU with China Three Gorges Corporation regarding potential cooperation in supplying LNG to support demand growth in China, including the growth of natural gas power generation. In August, the Cameron LNG liquefaction-export project in Hackberry, La., began commercial operations at Train 1 of the facility. The project, including Trains 2 and 3, is over 96% complete. Commissioning of Train 2 is underway, and the previously disclosed project timeline remains unchanged. California Utilities In September, San Diego Gas & Electric and Southern California Gas Co. received a final decision in the utilities' 2019 General Rate Case. The increased revenue requirements will enable the utilities to invest in critical energy infrastructure with a focus on enhancing safety and reliability for the communities they serve. Texas Utilities Oncor Electric Delivery Company LLC (Oncor) has increased its five-year capital plan. The increase is related to growth seen in and around Oncor's service territory. The infrastructure investments will help to facilitate renewables integration in Texas, support growth in West Texas and the Dallas-Fort Worth area, and strengthen and expand the grid in Oncor's service territory for the benefit of Oncor's customers and the communities it serves. Oncor now plans to spend approximately $11.9 billion between 2020 and 2024. Sempra Mexico Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), Sempra Energy's Mexican subsidiary, continues to develop infrastructure that provides Mexico access to cleaner, more affordable and more reliable energy. In August, IEnova reached constructive resolutions with the Federal Electricity Commission and the Mexican government on the Sur de Texas- Tuxpan pipeline and Guaymas- El Oro pipeline. Shortly thereafter, the Sur de Texas- Tuxpan pipeline, a joint venture with TC Energy Corporation, commenced commercial operations in September. Announced Sale of South American Businesses Sempra Energy recently announced two agreements that would conclude the company's planned sale of its South American businesses for combined proceeds of approximately $5.82 billion in cash, subject to adjustments and satisfaction of closing conditions. Both transactions, one to sell Sempra Energy's equity interests in its Peruvian businesses and the other to sell its equity interests in its Chilean businesses, are expected to be completed in the first quarter of 2020. EARNINGS GUIDANCE On a GAAP basis, the company's earnings-per-common-share (EPS) guidance range for full-year 2019 is $6.50 to $7.00. Sempra Energy today raised its 2019 adjusted EPS guidance from a range of $5.70 to $6.30 to a range of $6.00 to $6.50. The company also issued its full-year 2020 GAAP EPS guidance range of $12.78 to $14.26 and affirmed its full-year 2020 adjusted EPS guidance range of $6.70 to $7.50. NON-GAAP FINANCIAL MEASURES Non-GAAP financial measures include Sempra Energy's adjusted earnings and adjusted EPS for both the third quarter and first nine months of 2019 and 2018, adjusted diluted weighted-average common shares outstanding for the third quarter of 2019 and the first nine months of 2018, and 2020 and 2019 adjusted EPS guidance. See Table A for additional information regarding these non-GAAP financial measures. INTERNET BROADCAST Sempra Energy will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. ET with senior management of the company. Access is available by logging onto the website at www.sempra.com. For those unable to log onto the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 6278133. Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, plans, goals, vision, mission, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. 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 greater degree and prevalence of wildfires in California in recent years and the risk that we may be found liable for damages regardless of fault, such as where inverse condemnation applies, and the risk that we may not be able to recover any such costs from insurance, the California wildfire fund or in rates from customers in California or otherwise; actions and the timing of actions, including decisions, investigations, new regulations and issuances of permits and other authorizations and renewal of franchises by the Comisión Federal de Electricidad (CFE), California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Los Angeles County Department of Public Health, U.S. Environmental Protection Agency, Federal Energy Regulatory Commission, Pipeline and Hazardous Materials Safety Administration, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the success of business development efforts, construction projects, and major acquisitions, divestitures and internal structural changes, including risks in (i) obtaining or maintaining authorizations; (ii) completing construction projects on schedule and budget; (iii) obtaining the consent of partners; (iv) counterparties' financial ability or otherwise to fulfill contractual commitments; (v) winning competitively bid infrastructure projects; (vi) the ability to complete contemplated acquisitions and/or divestitures and the disruptions caused by such efforts; and (vii) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements; delays in, or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, the failure to honor the terms of contracts by foreign governments and state-owned entities such as the CFE, and other property disputes; the impact at San Diego Gas & Electric Company on competitive customer rates and reliability of electric transmission and distribution systems due to the growth in distributed and local power generation and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation and the potential 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 capital requirements and other regulatory and governance commitments, including the determination by a majority of Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; changes in capital markets, energy markets and economic conditions, including the availability of credit; and volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in foreign and domestic trade policies and laws, including border tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; actions of activist shareholders, which could disrupt our operations by, among other things, requiring significant time by management and our board of directors; the impact of federal or state tax reform and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SEMPRA ENERGY Table A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended September 30, Nine months ended September 30, (Dollars in millions, except per share amounts; shares in thousands) 2019 2018 (1) 2019 2018 (1) (unaudited) REVENUES Utilities $ 2,398 $ 2,102 $ 6,808 $ 6,112 Energy-related businesses 360 463 1,078 1,164 Total revenues 2,758 2,565 7,886 7,276 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (122) (255) (789) (782) Cost of electric fuel and purchased power (410) (446) (929) (1,037) Energy-related businesses cost of sales (94) (119) (265) (258) Operation and maintenance (845) (792) (2,515) (2,275) Depreciation and amortization (402) (366) (1,174) (1,115) Franchise fees and other taxes (127) (131) (369) (352) Impairment losses (43) (4) (43) (1,304) (Loss) gain on sale of assets (3) — 63 — Other (expense) income, net (7) 96 103 192 Interest income 22 19 64 66 Interest expense (279) (222) (797) (656) Income (loss) from continuing operations before income taxesand equity earnings 448 345 1,235 (245) Income tax (expense) benefit (61) (139) (150) 221 Equity earnings 266 74 485 49 Income from continuing operations, net of income tax 653 280 1,570 25 Income from discontinued operations, net of income tax 256 54 292 137 Net income 909 334 1,862 162 Earnings attributable to noncontrolling interests (60) (24) (146) (12) Mandatory convertible preferred stock dividends (36) (36) (107) (89) Preferred dividends of subsidiary — — (1) (1) Earnings attributable to common shares $ 813 $ 274 $ 1,608 $ 60 Basic earnings per common share: Earnings attributable to common shares $ 2.93 $ 1.00 $ 5.83 $ 0.23 Weighted-average common shares outstanding 277,360 273,944 275,684 265,963 Diluted earnings per common share: Earnings attributable to common shares $ 2.84 $ 0.99 $ 5.74 $ 0.23 Weighted-average common shares outstanding 295,789 275,907 279,809 265,963 (1) Amounts have been retrospectively adjusted for discontinued operations. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY ADJUSTED EARNINGS TO SEMPRA ENERGY GAAP EARNINGS (Unaudited) Sempra Energy Adjusted Earnings and Adjusted Diluted Earnings Per Common Share (Adjusted EPS) exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2019 and 2018 as follows: Three months ended September 30, 2019: $196 million incremental revenue increases for the first six months of 2019 from the retroactive application of the final decision in the 2019 General Rate Case (GRC FD) at the California Utilities Associated with holding the South American businesses for sale: $192 million income tax benefit associated with outside basis differences in our South American businesses primarily related to a change in the anticipated structure of the sale of those businesses Three months ended September 30, 2018: $(65) million impairment of RBS Sempra Commodities LLP (RBS Sempra Commodities) equity method investment at Parent and other Nine months ended September 30, 2019: $45 million gain on the sale of certain Sempra Renewables assets Associated with holding the South American businesses for sale: $89 million income tax benefit from outside basis differences in our South American businesses primarily related to the change in our indefinite reinvestment assertion from our decision in January 2019 to hold those businesses for sale and a change in the anticipated structure of the sale $10 million income tax benefit to reduce a valuation allowance against certain net operating loss (NOL) carryforwards as a result of our decision to sell our South American businesses Nine months ended September 30, 2018: $(22) million impacts associated with Aliso Canyon natural gas storage facility litigation at Southern California Gas Company (SoCalGas) $(145) million other-than-temporary impairment of certain U.S. wind equity method investments at Sempra Renewables $(755) million impairment of certain non-utility natural gas storage assets at Sempra LNG $(65) million impairment of RBS Sempra Commodities equity method investment $(25) million income tax expense to adjust the Tax Cuts and Jobs Act of 2017 (TCJA) provisional amounts Sempra Energy Adjusted Earnings, Weighted-Average Common Shares Outstanding – Adjusted and Adjusted EPS are non-GAAP financial measures (GAAP represents accounting principles generally accepted in the United States of America). Because of the significance and/or nature of the excluded items, management believes that these non-GAAP financial measures provide a meaningful comparison of the performance of Sempra Energy's business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra Energy GAAP Earnings, Weighted-Average Common Shares Outstanding – GAAP and GAAP Diluted Earnings Per Common Share (GAAP EPS), which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA ENERGY Table A (Continued) Pretax amount Income tax expense (benefit) (1) Earnings Pretax amount Income tax expense (benefit) (1) Non-controllinginterests Earnings (Dollars in millions, except per share amounts; shares in thousands) Three months ended September 30, 2019 Three months ended September 30, 2018 Sempra Energy GAAP Earnings $ 813 $ 274 Excluded items: SDG&E retroactive impact of 2019 GRC FD for first half of 2019 $ (92) $ 26 (66) $ — $ — $ — — SoCalGas retroactive impact of 2019 GRC FD for first half of 2019 (181) 51 (130) — — — — Associated with holding the South American businesses for sale: Change in indefinite reinvestment assertion of basis differences and structure of sale of discontinued operations — (192) (192) — — — — Impairment of investment in RBS Sempra Commodities — — — 65 — — 65 Sempra Energy Adjusted Earnings $ 425 $ 339 Diluted earnings per common share: Sempra Energy GAAP Earnings (2) $ 839 $ 274 Weighted-average common shares outstanding, diluted – GAAP 295,789 275,907 Sempra Energy GAAP EPS $ 2.84 $ 0.99 Sempra Energy Adjusted Earnings for Adjusted EPS $ 425 $ 339 Weighted-average common shares outstanding, diluted – Adjusted (2) 282,551 275,907 Sempra Energy Adjusted EPS $ 1.50 $ 1.23 Nine months ended September 30, 2019 Nine months ended September 30, 2018 Sempra Energy GAAP Earnings $ 1,608 $ 60 Excluded items: Gain on sale of certain Sempra Renewables assets $ (61) $ 16 (45) $ — $ — $ — — Associated with holding the South American businesses for sale: Change in indefinite reinvestment assertion of basis differences and structure of sale of discontinued operations — (89) (89) — — — — Reduction in tax valuation allowance against certain NOL carryforwards — (10) (10) — — — — Impacts associated with Aliso Canyon litigation — — — 1 21 — 22 Impairment of U.S. wind equity method investments — — — 200 (55) — 145 Impairment of non-utility natural gas storage assets — — — 1,300 (499) (46) 755 Impairment of investment in RBS Sempra Commodities — — — 65 — — 65 Impact from the TCJA — — — — 25 — 25 Sempra Energy Adjusted Earnings $ 1,464 $ 1,072 Diluted earnings per common share: Sempra Energy GAAP Earnings $ 1,608 $ 60 Weighted-average common shares outstanding, diluted – GAAP 279,809 265,963 Sempra Energy GAAP EPS $ 5.74 $ 0.23 Sempra Energy Adjusted Earnings for Adjusted EPS $ 1,464 $ 1,072 Weighted-average common shares outstanding, diluted – Adjusted (3) 279,809 267,644 Sempra Energy Adjusted EPS $ 5.23 $ 4.00 (1) Except for adjustments that are solely income tax and tax related to outside basis differences, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. (2) In the three months ended September 30, 2019, because the assumed conversion of the series A preferred stock is dilutive for GAAP Earnings, the numerator used to calculate GAAP EPS includes an add-back of $26 million of series A preferred stock dividends declared in that quarter. However, because the assumed conversion is antidilutive for the lower Adjusted Earnings, 13,238 series A preferred stock shares are not included in the denominator used to calculate Adjusted EPS. (3) In the nine months ended September 30, 2018, the total weighted-average potentially dilutive stock options and restricted stock units of 736 and common shares sold forward of 945 were not included in the denominator used to calculate GAAP EPS due to the losses from continuing operations attributable to common shares, but have been added to the denominator used to calculate Adjusted EPS. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY 2019 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA ENERGY 2019 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra Energy 2019 Adjusted EPS Guidance Range of $6.00 to $6.50 excludes items as follows: $45 million gain on the sale of certain Sempra Renewables assets Associated with holding the South American businesses for sale: $89 million income tax benefit from outside basis differences in our South American businesses primarily related to the change in our indefinite reinvestment assertion from our decision in January 2019 to hold those businesses for sale and a change in the anticipated structure of the sale $10 million income tax benefit to reduce a valuation allowance against certain NOL carryforwards as a result of our decision to sell our South American businesses Sempra Energy 2019 Adjusted EPS Guidance is a non-GAAP financial measure. Because of the significance and/or nature of the excluded items, management believes that this non-GAAP financial measure provides a meaningful comparison of the performance of Sempra Energy's business operations to prior and future periods. Sempra Energy 2019 Adjusted EPS Guidance should not be considered an alternative to Sempra Energy 2019 GAAP EPS Guidance. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra Energy 2019 Adjusted EPS Guidance Range to Sempra Energy 2019 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. Full-Year 2019 Sempra Energy GAAP EPS Guidance Range $ 6.50 to $ 7.00 Excluded items: Gain on sale of certain Sempra Renewables assets (0.16) (0.16) Associated with holding the South American businesses for sale: Change in indefinite reinvestment assertion of basis differences and structure of sale of discontinued operations (0.31) (0.31) Reduction in tax valuation allowance against certain NOL carryforwards (0.03) (0.03) Sempra Energy Adjusted EPS Guidance Range $ 6.00 to $ 6.50 Weighted-average common shares outstanding, diluted (millions) 283 SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY 2020 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA ENERGY 2020 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra Energy 2020 Adjusted EPS Guidance Range of $6.70 to $7.50 excludes approximately $1.8 billion to $2.0 billion estimated after-tax gain on the sale of our South American businesses, net of approximately $1.2 billion of income tax expense, which was calculated primarily based on applicable statutory tax rates. Sempra Energy 2020 Adjusted EPS Guidance is a non-GAAP financial measure. Because of the significance and/or nature of the excluded item, management believes that this non-GAAP financial measure provides a meaningful comparison of the performance of Sempra Energy's business operations to prior and future periods. Sempra Energy 2020 Adjusted EPS Guidance should not be considered an alternative to Sempra Energy 2020 GAAP EPS Guidance. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra Energy 2020 Adjusted EPS Guidance Range to Sempra Energy 2020 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. Full-Year 2020 Sempra Energy GAAP EPS Guidance Range $ 12.78 to $ 14.26 Excluded item: Estimated gain on sale of South American businesses (6.08) (6.76) Sempra Energy Adjusted EPS Guidance Range $ 6.70 to $ 7.50 Weighted-average common shares outstanding, diluted (millions) 296 SEMPRA ENERGY Table B CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) September 30,2019 December 31, 2018 (1) (unaudited) ASSETS Current assets: Cash and cash equivalents $ 106 $ 102 Restricted cash 28 35 Accounts receivable, net 1,431 1,535 Dividends receivable from discontinued operations 422 — Due from unconsolidated affiliates 40 37 Income taxes receivable 98 60 Inventories 270 258 Regulatory assets 183 138 Greenhouse gas allowances 59 59 Assets held for sale — 713 Assets held for sale in discontinued operations 720 459 Other 309 249 Total current assets 3,666 3,645 Other assets: Restricted cash 3 21 Due from unconsolidated affiliates 712 644 Regulatory assets 1,942 1,589 Nuclear decommissioning trusts 1,049 974 Investment in Oncor Holdings 11,145 9,652 Other investments 2,076 2,320 Goodwill 1,602 1,602 Other intangible assets 216 224 Dedicated assets in support of certain benefit plans 439 416 Insurance receivable for Aliso Canyon costs 354 461 Deferred income taxes 157 141 Greenhouse gas allowances 483 289 Right-of-use assets – operating leases 595 — Wildfire fund 381 — Assets held for sale in discontinued operations 3,395 3,259 Sundry 850 962 Total other assets 25,399 22,554 Property, plant and equipment, net 35,520 34,439 Total assets $ 64,585 $ 60,638 (1) Derived from audited financial statements, which have been retrospectively adjusted for discontinued operations. SEMPRA ENERGY Table B (Continued) CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) September 30,2019 December 31, 2018 (1) (unaudited) LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 3,588 $ 2,024 Accounts payable, net 1,129 1,298 Due to unconsolidated affiliates 12 10 Dividends and interest payable 517 480 Accrued compensation and benefits 362 440 Regulatory liabilities 445 105 Current portion of long-term debt and finance leases 1,623 1,644 Reserve for Aliso Canyon costs 45 160 Greenhouse gas obligations 59 59 Liabilities held for sale in discontinued operations 804 368 Other 914 935 Total current liabilities 9,498 7,523 Long-term debt and finance leases 20,995 20,903 Deferred credits and other liabilities: Due to unconsolidated affiliates 39 37 Pension and other postretirement benefit plan obligations, net of plan assets 1,120 1,143 Deferred income taxes 2,360 2,321 Deferred investment tax credits 22 24 Regulatory liabilities 3,823 4,016 Asset retirement obligations 2,824 2,786 Greenhouse gas obligations 281 131 Liabilities held for sale in discontinued operations 1,023 1,013 Deferred credits and other 2,049 1,493 Total deferred credits and other liabilities 13,541 12,964 Equity: Sempra Energy shareholders' equity 18,620 17,138 Preferred stock of subsidiary 20 20 Other noncontrolling interests 1,911 2,090 Total equity 20,551 19,248 Total liabilities and equity $ 64,585 $ 60,638 (1) Derived from audited financial statements, which have been retrospectively adjusted for discontinued operations. SEMPRA ENERGY Table C CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine months ended September 30, (Dollars in millions) 2019 2018 (1) (unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 1,862 $ 162 Less: Income from discontinued operations, net of income tax (292) (137) Income from continuing operations, net of income tax 1,570 25 Adjustments to reconcile net income to net cash provided by operating activities 741 2,084 Intercompany activities with discontinued operations, net 184 72 Net change in other working capital components (200) 491 Insurance receivable for Aliso Canyon costs 107 (56) Wildfire fund, current and noncurrent (323) — Changes in other noncurrent assets and liabilities, net (250) (177) Net cash provided by continuing operations 1,829 2,439 Net cash provided by discontinued operations 289 220 Net cash provided by operating activities 2,118 2,659 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (2,590) (2,654) Expenditures for investments and acquisition (1,449) (9,921) Proceeds from sale of assets 899 1 Decrease in cash from deconsolidation of Otay Mesa VIE (8) — Purchases of nuclear decommissioning trust assets (728) (703) Proceeds from sales of nuclear decommissioning trust assets 728 703 Advances to unconsolidated affiliates (16) (81) Repayments of advances to unconsolidated affiliates 12 4 Intercompany activities with discontinued operations, net (257) (18) Other 33 38 Net cash used in continuing operations (3,376) (12,631) Net cash used in discontinued operations (63) (161) Net cash used in investing activities (3,439) (12,792) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (734) (645) Preferred dividends paid (107) (53) Issuances of mandatory convertible preferred stock, net — 2,259 Issuances of common stock, net 757 2,261 Repurchases of common stock (23) (20) Issuances of debt (maturities greater than 90 days) 3,269 8,458 Payments on debt (maturities greater than 90 days) and finance leases (2,500) (2,836) Increase in short-term debt, net 888 715 Proceeds from sale of noncontrolling interests, net 5 90 Purchases of noncontrolling interests (30) — Contributions from (distributions to) noncontrolling interests, net 171 (88) Intercompany activities with discontinued operations, net (128) 70 Other (42) (112) Net cash provided by continuing operations 1,526 10,099 Net cash provided by (used in) discontinued operations 49 (34) Net cash provided by financing activities 1,575 10,065 Effect of exchange rate changes in continuing operations — — Effect of exchange rate changes in discontinued operations (3) (8) Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) (8) Increase (decrease) in cash, cash equivalents and restricted cash, including discontinued operations 251 (76) Cash, cash equivalents and restricted cash, including discontinued operations, January 1 246 364 Cash, cash equivalents and restricted cash, including discontinued operations, September 30 $ 497 $ 288 (1) Amounts have been retrospectively adjusted for discontinued operations. SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES, INVESTMENTS AND ACQUISITIONS Three months ended September 30, Nine months ended September 30, (Dollars in millions) 2019 2018 (1) 2019 2018 (1) (unaudited) Earnings (Losses) Attributable to Common Shares SDG&E $ 263 $ 205 $ 582 $ 521 SoCalGas 143 (14) 437 244 Sempra Texas Utilities 212 154 419 283 Sempra Mexico 84 44 214 161 Sempra Renewables — 34 59 (54) Sempra LNG 2 16 13 (764) Parent and other (139) (211) (383) (446) Discontinued operations 248 46 267 115 Total $ 813 $ 274 $ 1,608 $ 60 Three months ended September 30, Nine months ended September 30, (Dollars in millions) 2019 2018 (1) 2019 2018 (1) (unaudited) Capital Expenditures, Investments and Acquisitions SDG&E $ 363 $ 343 $ 1,071 $ 1,194 SoCalGas 360 344 1,019 1,127 Sempra Texas Utilities 56 — 1,338 9,278 Sempra Mexico 178 152 420 320 Sempra Renewables — 9 2 46 Sempra LNG 37 65 183 202 Parent and other 3 5 6 408 Total $ 997 $ 918 $ 4,039 $ 12,575 (1) Amounts have been retrospectively adjusted for discontinued operations. SEMPRA ENERGY Table E OTHER OPERATING STATISTICS (Unaudited) Three months ended September 30, Nine months ended September 30, UTILITIES 2019 2018 2019 2018 SDG&E and SoCalGas Gas sales (Bcf) (1) 57 55 271 244 Transportation (Bcf) (1) 156 163 424 447 Total deliveries (Bcf) (1) 213 218 695 691 Total gas customer meters (thousands) 6,912 6,874 SDG&E Electric sales (millions of kWhs) (1) 3,970 4,493 10,796 11,493 Direct Access and Community Choice Aggregation (millions of kWhs) 952 1,009 2,640 2,680 Total deliveries (millions of kWhs) (1) 4,922 5,502 13,436 14,173 Total electric customer meters (thousands) 1,468 1,456 Oncor (2) Total deliveries (millions of kWhs) 40,834 38,163 102,462 77,476 Total electric customer meters (thousands) 3,673 3,607 Ecogas Natural gas sales (Bcf) — 1 2 7 Natural gas customer meters (thousands) 129 121 ENERGY-RELATED BUSINESSES Power generated and sold Sempra Mexico Termoeléctrica de Mexicali (TdM) (millions of kWhs) 1,032 1,145 2,862 2,922 Wind and solar (millions of kWhs) (3) 419 305 1,109 924 (1) Includes intercompany sales. (2) Includes 100 percent of the electric deliveries and customer meters of Oncor Electric Delivery Company LLC (Oncor), in which we hold an 80.25-percent interest through our March 2018 acquisition of our equity method investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings). Total deliveries for the nine months ended September 30, 2018 only include volumes from the March 9, 2018 acquisition date. (3) Includes 50 percent of the total power generated and sold at the Energía Sierra Juárez wind power generation facility, in which Sempra Energy has a 50-percent ownership interest. Energía Sierra Juárez is not consolidated within Sempra Energy, and the related investment is accounted for under the equity method. SEMPRA ENERGY Table F (Unaudited) STATEMENTS OF OPERATIONS DATA BY SEGMENT Three months ended September 30, 2019 (Dollars in millions) SDG&E SoCalGas Sempra Texas Utilities Sempra Mexico Sempra Renewables Sempra LNG Consolidating Adjustments, Parent & Other Total Revenues $ 1,427 $ 975 $ — $ 357 $ — $ 100 $ (101) $ 2,758 Cost of sales and other expenses (802) (571) — (174) — (120) 69 (1,598) Depreciation and amortization (196) (154) — (46) — (2) (4) (402) Impairment losses (6) (37) — — — — — (43) Loss on sale of assets — — — — — — (3) (3) Other income (expense), net 19 1 — (30) — — 3 (7) Income (loss) before interest and tax (1) 442 214
Sempra Energy Makes Key Executive Appointments In Texas
SAN DIEGO, Oct. 29, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced two executive appointments to help lead the company's growing position in Texas and the liquefied natural gas (LNG) industry. John Sowers has been named chief transformation officer for Sempra LNG, and Brian Lloyd has been named regional vice president of external affairs, with a focus on LNG and the Texas market. "We are excited about steadily growing our business presence in Texas," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "These key leadership appointments reflect the company's continued strategic focus on developing critical energy infrastructure needed to support the Texas economy and the transformation of America into a leader in energy exports. We have a unique opportunity here in Texas to take a leadership role in connecting abundant natural gas supplies in the Permian and other production basins to Mexico, as well as higher growth markets in Europe and Asia." In addition to growing its Texas utility franchise, Sempra Energy has set an ambitious goal of building one of the world's largest LNG export facilities in Port Arthur, Texas. "John's and Brian's experience and knowledge of the region and the energy industry will help us to capitalize on the tremendous opportunities we see in Texas and the Gulf Coast," added Martin. Sowers brings more than 30 years of experience in the energy industry. In his new role, Sowers will help manage Sempra LNG's growth in the Gulf Coast and lead health, safety, security and environment efforts; permitting; quality; compliance; and the expansion of the company's Houston office. As regional vice president of external affairs, Lloyd will lead Sempra LNG's public affairs, communications and citizenship initiatives, and will also lead public affairs for Sempra Energy in Texas. Previously, Lloyd served as director of regulatory strategy for Sempra Energy, and prior to that, from 2010 to 2018, was the executive director of the Public Utility Commission of Texas. Sempra Energy has been operating in Texas for more than 20 years. Most recently, the company acquired a 50% limited-partnership interest in Sharyland Utilities, LLC. Sempra Energy is also the majority owner of Oncor Electric Delivery Company LLC (Oncor), the largest electric transmission and distribution utility in Texas, serving more than 10 million Texans. In 2019, Sempra Energy supported Oncor's acquisition of InfraREIT, Inc. Sempra LNG develops, builds and invests in natural gas liquefaction facilities and is pursuing the development of five strategically located LNG projects in North America with a goal of delivering 45 million tonnes per annum of clean natural gas to the largest world markets, which would make Sempra Energy one of North America's largest developers of LNG-export facilities. Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or when we discuss our guidance, strategy, plans, goals, vision, mission, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. 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 greater degree and prevalence of wildfires in California in recent years and the risk that we may be found liable for damages regardless of fault, such as where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California or otherwise, including due to insufficient amounts in the wildfire fund; actions and the timing of actions, including decisions, investigations, new regulations and issuances of permits and other authorizations and renewal of franchises by the Comisión Federal de Electricidad (CFE), California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Los Angeles County Department of Public Health, U.S. Environmental Protection Agency, Federal Energy Regulatory Commission, Pipeline and Hazardous Materials Safety Administration, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the success of business development efforts, construction projects, and major acquisitions, divestitures and internal structural changes, including risks in (i) obtaining or maintaining authorizations; (ii) completing construction projects on schedule and budget; (iii) obtaining the consent of partners; (iv) counterparties' ability to fulfill contractual commitments; (v) winning competitively bid infrastructure projects; (vi) the ability to complete contemplated acquisitions and/or divestitures and the disruptions caused by such efforts; and (vii) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements; delays in, or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; expropriation of assets, the failure to honor the terms of contracts by foreign governments and state-owned entities such as the CFE, and other property disputes; risks posed by actions of third parties who control the operations of our investments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to third-party 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; 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; actions of activist shareholders, which could impact the market price of our securities and disrupt our operations as a result of, among other things, requiring significant time by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit; volatility in currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of federal or state tax reform and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact at San Diego Gas & Electric Company on competitive customer rates and reliability of electric transmission and distribution systems due to the growth in distributed and local power generation and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation and the potential 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 capital requirements and other regulatory and governance commitments, including the determination by a majority of Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; 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. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Sempra Energy, Mitsui Sign MOU For Development Of LNG Export Projects In North America
SAN DIEGO, Oct. 28, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., LTD. (Mitsui) reflecting the parties' preliminary agreement for Mitsui's participation in the Cameron LNG Phase 2 project in Louisiana, and a future expansion of the Energía Costa Azul (ECA) LNG project in Baja California, Mexico. "This agreement signals continued momentum in the growing U.S. liquefied natural gas (LNG) export market, while reinforcing the unique competitive advantage that Sempra offers customers seeking LNG export capabilities from the Gulf Coast, as well as the West Coast of North America," said Justin Bird, president of Sempra LNG. "We are pleased to expand our relationship with Mitsui and advance the development of both LNG projects." "We are pleased to further expand our strategic relationship with Sempra in a broader range of opportunities. This agreement will contribute to expanding Mitsui's uniquely diversified supply portfolio worldwide by utilizing the strengths and capabilities of both companies," said Motoyasu Nozaki, managing officer, chief operating officer of Energy Business Unit II, Mitsui & Co., Ltd. The MOU is non-binding and contemplates the continued mutual support for the development of Cameron LNG Phase 2, including Mitsui's purchase of up to one-third of the available capacity of the project, as well as the potential offtake of approximately 1 million tonnes per annum (Mtpa) of LNG and equity participation in a future expansion of ECA LNG. ECA LNG is being developed with IEnova, Sempra's subsidiary in Mexico. Phase 1 of the project includes one liquefaction train with an export capacity of approximately 2.4 Mtpa. ECA LNG future expansion would include additional trains with an expected export capacity of approximately 12 Mtpa. Train 1 of the Cameron LNG Phase 1 project started commercial operations in August 2019. Trains 2 and 3 are expected to begin LNG production in the first quarter and second quarter of 2020, respectively. Cameron LNG Phase 2, which has all necessary permits from the Federal Energy Regulatory Commission, encompasses up two additional liquefaction trains and up to two additional LNG storage tanks. Mitsui is also an equity owner of Cameron LNG, LLC, the development company for Cameron LNG Phase 1 and Phase 2. Last November, Sempra LNG and Mitsui entered into a heads of agreement and are currently working to negotiate and finalize a definitive 20-year LNG sales-and-purchase agreement for the potential purchase of 0.8 Mtpa of LNG from the ECA LNG Phase 1 project. Development of Sempra Energy's LNG export projects is contingent upon obtaining binding customer commitments, completing the required commercial agreements, securing all necessary permits, obtaining financing and reaching final investment decisions, amongst other factors. In addition, the ability to successfully complete construction projects, such as the Cameron LNG export project, is subject to a number of risk and uncertainties. Sempra LNG develops and builds natural gas liquefaction facilities and is pursuing the development of five strategically located LNG projects in North America with a goal of delivering 45 Mtpa of clean natural gas to the largest world markets, which would make Sempra Energy one of North America's largest developers of LNG-export facilities. Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or when we discuss our guidance, strategy, plans, goals, vision, mission, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. 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: actions and the timing of actions, including decisions, investigations, new regulations and issuances of permits and other authorizations by the U.S. Department of Energy, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency and Pipeline and Hazardous Materials Safety Administration, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the success of business development efforts and construction projects, including risks in (i) obtaining or maintaining authorizations; (ii) completing construction projects on schedule and budget; (iii) obtaining the consent of partners; (iv) counterparties' ability to fulfill contractual commitments; and (v) the ability to realize anticipated benefits from any of these efforts once completed; the availability of natural gas and liquefied natural gas, and natural gas pipeline and storage capacity; equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; risks posed by actions of third parties who control the operations of our investments; weather conditions, natural disasters, accidents, equipment failures, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, and subject us to third-party 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) or may be disputed by insurers; cybersecurity threats to storage and pipeline infrastructure, the information and systems used to operate our businesses; the impact of federal or state tax reform and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to or the replacement of international trade agreements, and changes that make our exports less competitive or otherwise restrict our ability to export; 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 at www.sempra.com. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra LNG and Port Arthur LNG, LLC are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), or Oncor Electric Delivery Company LLC (Oncor) and are not regulated by the California Public Utilities Commission. Twitter: @SempraLNGM SOURCE Sempra LNG
New High-Efficiency Commercial Clothes Drying System Promises to Run on Half the Energy and Save Laundries Up to $2.5 Billion
LOS ANGELES, Oct. 23, 2019 /PRNewswire/ -- Hotel laundries and other businesses that use commercial clothes dryers could soon be using a game-changing technology that reduces energy costs up to 70 percent, saves water, and helps the environment. Southern California Gas Co. (SoCalGas) and Gas Technology Institute (GTI) announced today they have completed a proof-of-concept feasibility study on a new high-efficiency clothes drying technology that reduces natural gas use, saves money, and lowers greenhouse gas emissions. The new technology can be used in hotels, restaurants, hospitals, laundromats, multifamily housing laundries, and industrial laundry facilities. Compared to existing commercial clothes dryers, the new technology uses accelerated drying speeds to reduce energy usage by one-fifth. Annual savings from the use of this new drying technology across the nation has a potential to reach over $2.5 billion. When used for multiple laundry batches, this innovative drying equipment has the potential of saving almost 100 percent of water by recycling it for the next batch of washing. Additionally, the new technology reduces drying time up to 10 times and increases longevity of clothing, towels and bedding by eliminating severe, high temperature drying conditions. Laundry dried using this new technology comes out softer, retains more color, and will last up to five times longer. "Both industrial and home natural gas appliances continue to advance technologically and become increasingly energy efficient," said Yuri Freedman, senior director of business development at SoCalGas. "This is yet another innovative technology that produces very low emissions and saves both energy and money." "This gas-fired thermo-vacuum drying technology has the potential to offer significant energy, water and cost savings for many homes and businesses. We are proud to be a partner in developing this technology that will help many businesses and provide environmental benefits," said Yaroslav Chudnovsky, senior R&D staff at GTI. Modern laundry drying is an energy intensive process, releasing heat and steam into the atmosphere, which wastes water and adds to the greenhouse effect. This new, high-efficiency drying system can greatly reduce the loss of heat and water using an ejector-based approach. "The specially designed steam ejectors create a dynamic vacuum inside the drying chamber that accelerates moisture removal from the laundry while simultaneously provides heating of the batch being dried," said Dmytro Buyadgie, chief scientist and CTO at Wilson Engineering Technologies Inc., the major developer of the concept. The same heat that generates the vacuum also preserves hot water for the next washing batch. Together these factors significantly reduce energy and water use. Non-energy benefits of the new drying method include drying speed, simple design, high durability, low maintenance, and lower operating costs. Project funding for this phase of development was provided by Utilization Technology Development (UTD), of which SoCalGas is a member. SoCalGas has been a leader in the research and development of new technologies that increase energy efficiency, reduce air pollution and greenhouse gas emissions, and keep bills affordable for customers. Between 2014 and 2018, SoCalGas energy efficiency programs delivered more than 180 million therms in energy savings, enough natural gas usage for 403,000 households a year, and reducing greenhouse gas emissions by nearly 955,000 metric tons, the equivalent of removing more than 202,000 cars from the road annually. These advances have also helped save SoCalGas customers more than $198 million in utility bill costs. In 2018 alone, SoCalGas' energy efficiency programs saved customers $57 million. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural 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. Natural 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 natural 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas 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 GTI GTI is a leading research, development, and training organization that has been addressing global energy and environmental challenges by developing technology-based solutions for consumers, industry, and government for more than 75 years. About Wilson Engineering Technologies, Inc.Wilson Engineering Technologies, Inc. is a California based applied research and development organization that promotes the sustainable, competitive and secure energy production by introducing the emerging technologies multidisciplinary management approaches for industries and communities. SOURCE Southern California Gas Company
SoCalGas Teams up with California Restaurant Association Foundation to Help Students Get Their First Jobs
LOS ANGELES, Oct. 22, 2019 /PRNewswire/ -- Today, Southern California Gas Co. (SoCalGas) is partnering with the California Restaurant Association Foundation (CRAF) to help prepare Los Angeles-area high school students, enrolled in culinary programs, for their first jobs. SoCalGas employees will provide guidance on things like resume-writing, interview skills, handling typical job expectations, and the like. This one-day classroom takeover, called Force In Training® (FIT), is hosted in 50 high schools across the state, training nearly 3,500 students on a single day. "SoCalGas is proud to take part in this one-day event to help mentor young people who aspire to be a part of the foodservice field," said Dan Rendler, director of customer programs and assistance at SoCalGas. "Natural gas is such an important part of the restaurant business, so we're happy to help give students some helpful tips on getting a job, making a strong contribution, and working their way up in their careers." Natural gas plays a vital role in the restaurant industry as it provides an affordable and reliable way to cook. In a survey of 100 professional chefs from across the U.S., 96 reported they prefer natural gas cooktops, and 68 prefer gas ovens, according to The Daily Meal." There are more than 37,000 restaurants and 22,000 commercial kitchens in SoCalGas' service territory alone. During the event, volunteers will lead the three-hour FIT training at each high school. Students will learn how to write a resume, interview, read a paycheck, move up in a career, and more. Industry volunteers will also bring the lessons to life with real-world examples and experience. "What an amazing opportunity to have employers from the local community teaching young people how to land their first job," said Alycia Harshfield, Executive Director of CRAF. "For 75 percent of the students we serve, this is the only job-readiness course they receive in high school. We are so grateful to SoCalGas for taking the time to invest in our students." Restaurants have a major role to play in youth employment. Nearly one in three people got their start in restaurants. First jobs are also critical to fostering soft skills like teamwork, customer service, and responsibility. SoCalGas and CRAF are teaming up to provide youth the skills, certifications and resources they need to land that all-important first job. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers safe, affordable, reliable, clean and increasingly renewable natural 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. Natural 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 natural 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas 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 California Restaurant Association Foundation: California is home to more than 90,000 eating and drinking places that ring up more than $72 billion in sales and employ more than 1.6 million workers, making restaurants an indisputable driving force in the state's economy. The California Restaurant Association Foundation is a non-profit that empowers and invests in California's restaurant workforce. Founded in 1981, CRAF supports the restaurant community through emergency assistance grants for restaurant workers facing a hardship, job and life skills training for 13,500 high school students each year, and scholarships. SOURCE Southern California Gas Company
Sempra Energy To Report Third-Quarter 2019 Earnings Nov. 1
SAN DIEGO, Oct. 18, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to release its third-quarter 2019 earnings by 7 a.m. ET, Nov. 1. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Nov. 1. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link. Prior to the conference call, a slide presentation detailing the earnings results also will be posted by 7 a.m. ET, Nov. 1, on Sempra Energy's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 6278133 or it can be accessed on the company's website. Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. SOURCE Sempra Energy
TRAFFIC ADVISORY: Overnight Lane Closure on Centinela Avenue at Jefferson Boulevard in Los Angeles Starting October 21
WHAT: Starting Monday, October 21, SoCalGas will be performing pipeline maintenance work on a segment of natural gas pipeline on Centinela Avenue at Jefferson Boulevard in Los Angeles near the border of Playa Vista and Culver City. Crews are expected to work on the natural gas pipeline through January. To perform the pipeline inspection safely, there will be no eastbound access to Centinela Avenue at Jefferson Boulevard, from 9 p.m. to 5 a.m. Monday through Friday. Eastbound access to Centinela Avenue at Jefferson Boulevard will be available during non-work hours. Residents and local business owners may hear some work-related noise. During work hours, commuters passing by the work site will see excavation, equipment and vehicles. No interruption to natural gas service is anticipated. Customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who has concerns about the smell of gas to call us from a safe location at 1-800-427-2200. SoCalGas is available 24 hours a day, seven days a week. WHERE: Centinela Avenue at Jefferson Boulevard, in Los Angeles, CA, as shown in this link. WHEN: 9 p.m. to 5 a.m., Monday through Friday, beginning Monday, October 21. PUBLIC CONTACT: Customers with questions or concerns about the construction work may call SoCalGas’ Customer Contact Center 24-hours a day, seven-days a week at 800-427-2200. Our top priorities are to work safely and to provide the communities we serve with safe and reliable natural gas service.
SoCalGas Offers Emergency Preparedness Tips as Part of Great California ShakeOut
LOS ANGELES, Oct. 17, 2019 /PRNewswire/ -- In recognition of the 12 th annual Great California ShakeOut event, Southern California Gas Co. (SoCalGas) today reminded its customers about natural gas safety in preparation for and following an earthquake. "During and after a natural disaster or other major incident, public safety services and first responders will be busy handling many emergency situations," said David Buczkowski, vice president of gas engineering and system integrity at SoCalGas. "That is why SoCalGas wants all Californians to be prepared in the event of a natural disaster. The safety of our communities and customers is of the utmost importance." Natural disasters and other emergencies can strike without warning. As millions of Californians join today in earthquake preparedness drills during the Great ShakeOut, SoCalGas is reminding customers about the importance of being prepared for California's next major emergency. "ShakeOut was created to help all of us remember the risk from earthquakes and that you can take actions to reduce that risk," said Dr. Lucy Jones, seismologist and founder of the Dr. Lucy Jones Center for Science & Society. "Practicing Drop, Cover, Hold On now will help you remember how to be safe in the next real earthquake. Practice the drill with you friends and family and then take the time to think of one more thing you could do to be safe." SoCalGas offers these tips: Know where your gas meter is located and keep a 12" or larger adjustable wrench with your emergency supplies, near your building exit or next to your gas meter shut-off valve. Do not store the wrench on the gas meter or other gas piping. Be prepared to turn off your natural gas meter but ONLY in the event you smell natural gas, hear the sound of natural gas escaping or see other signs of a leak--and ONLY if it is safe to do so. *** Depending on how many customers are without natural gas service, it may take an extended period of time for SoCalGas to turn your natural gas services back on. If you turn off gas to the meter, leave it OFF. Do not turn it back on yourself. Interior gas piping and appliances must be inspected for possible damage before service can be safely restored. Call SoCalGas to turn the gas back on, relight the pilots and service your appliances. (Note that certain repairs may have to be performed by your plumber or heating contractor. However, only SoCalGas field employees are allowed to turn on the gas to the meter.) DO NOT ignite a flame or use any electrical appliances, light switches or other devices that can cause a spark until you are sure there are no gas leaks. Check safety devices, such as smoke and carbon monoxide detectors, to ensure that they are functioning properly. For more natural gas safety information, visit socalgas.com/stay-safe/emergency-information/emergency-preparedness. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers safe, affordable, reliable, clean and increasingly renewable natural 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. Natural 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 natural 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy Announces Agreement To Sell Chilquinta Energía In Chile
SAN DIEGO, Oct. 14, 2019 /PRNewswire/ -- Sempra Energy (NYSE:SRE) today announced that it has entered into an agreement to sell its equity interests in its Chilean businesses, including its 100% stake in Chilquinta Energía S.A. (Chilquinta Energía), to State Grid International Development Limited (SGID). Sempra Energy's interests will be sold for $2.23 billion in cash, subject to adjustments for working capital and net indebtedness and other adjustments. The sale also will include Sempra Energy's 100% interest in Tecnored S.A., which provides electric construction and infrastructure services to Chilquinta Energía and third parties, and its 50% interest in Eletrans S.A., which owns, constructs, operates and maintains power transmission facilities. "This agreement is really important. It moves our company one step closer to completing the sale of our South American businesses and concentrating our investment strategy right here in North America," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "All of our companies in Chile, including Chilquinta Energía and Tecnored S.A., are excellent businesses with a strong focus on safety, reliability and customer service. We are so appreciative of the hard work and dedication of our Chilean team over the past 20 years." Chilquinta Energía signed an agreement to purchase the remaining 50% interest in Eletrans S.A. from Sociedad Austral de Electricidad S.A. Closing of this transaction, which will enable Sempra Energy to transfer 100% ownership of Eletrans S.A. to SGID, is contingent on the closing of the sale of Sempra Energy's Chilean businesses and will not change the economics of the transaction for Sempra Energy. The sale to SGID is expected to be completed in the first quarter of 2020, subject to customary closing conditions, including approval by the Chilean anti-trust authority, certain Chinese regulatory approvals and approval by the Bermuda Monetary Authority. Today's announcement follows Sempra Energy's agreement to sell its equity interests in its Peruvian business, including its 83.6% stake in Luz del Sur S.A.A., to China Yangtze Power International (Hongkong) Co., Limited. That sale, which was announced in September, is also expected to be completed in the first quarter of 2020, subject to customary closing conditions, including approval by the Peruvian anti-trust authority and the Bermuda Monetary Authority. In combination, these transactions would conclude Sempra Energy's planned sale of its South American businesses for combined proceeds of approximately $5.82 billion in cash, subject to adjustments and satisfaction of their closing conditions. "Proceeds from both of these transactions will be used to advance our business strategy by strengthening our company's balance sheet and supporting the growing capital needs of our utilities in California and Texas," said Martin. BofA Merrill Lynch and Lazard are serving as financial advisors to Sempra Energy on the sales, and White & Case is serving as legal advisor. Chilquinta Energía is the third-largest distributor of electricity in Chile. Chilquinta Energía provides electricity to approximately 2 million consumers in the regions of Valparaíso and Maule in central Chile, and is also active in the development and operation of electric transmission lines. SGID, a wholly-owned subsidiary of State Grid Corporation of China (SGCC), is incorporated in Hong Kong as a limited liability company. It leverages SGCC's operational strengths and financial support to actively pursue investment opportunities worldwide and improve the operating efficiency of its portfolio of companies. SGID currently has investments in the Philippines, Brazil, Portugal, Australia, Hong Kong SAR, Italy and Greece. SGCC, headquartered in Beijing, China, is the world's largest power utility corporation, and has extensive experience in constructing and operating electricity transmission and distribution networks. The company's power grid network covers 26 provinces in China, accounting for more than 88% of China's territory, and serves a population of over 1.1 billion. Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or when we discuss our guidance, strategy, plans, goals, vision, mission, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. 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 possibility that, in connection with the agreements to sell Sempra Energy's interests in its Peruvian businesses, including its 83.6% interest in Luz del Sur, and its Chilean businesses, including its 100% interest in Chilquinta Energía, the closing conditions may not be satisfied or waived in a timely manner or at all, including that a governmental entity may prohibit, delay or refuse to grant a necessary regulatory approval, that we may be subject to indemnification obligations or material adjustments to the sale prices, and that we may be unable to fully realize the anticipated benefits; the greater degree and prevalence of wildfires in California in recent years and the risk that we may be found liable for damages regardless of fault, such as where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California or otherwise, including due to insufficient amounts in the wildfire fund; actions and the timing of actions, including decisions, investigations, new regulations and issuances of permits and other authorizations and renewal of franchises by the Comisión Federal de Electricidad (CFE), California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Los Angeles County Department of Public Health, U.S. Environmental Protection Agency, Federal Energy Regulatory Commission, Pipeline and Hazardous Materials Safety Administration, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the success of business development efforts, construction projects, and major acquisitions, divestitures and internal structural changes, including risks in (i) obtaining or maintaining authorizations; (ii) completing construction projects on schedule and budget; (iii) obtaining the consent of partners; (iv) counterparties' ability to fulfill contractual commitments; (v) winning competitively bid infrastructure projects; (vi) the ability to complete contemplated acquisitions and/or divestitures and the disruptions caused by such efforts; and (vii) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings, and arbitrations; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements; delays in, or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; expropriation of assets, the failure to honor the terms of contracts by foreign governments and state-owned entities such as the CFE, and other property disputes; risks posed by actions of third parties who control the operations of our investments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to third-party 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; 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; actions of activist shareholders, which could impact the market price of our securities and disrupt our operations as a result of, among other things, requiring significant time by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit; volatility in currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of federal or state tax reform and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact at San Diego Gas & Electric Company on competitive customer rates and reliability of electric transmission and distribution systems due to the growth in distributed and local power generation and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation and the potential 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 capital requirements and other regulatory and governance commitments, including the determination by a majority of Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; 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. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy

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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).