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Displaying results 1081 - 1095 of 1201
California Utilities Issue Draft Solicitation for Dairy Biomethane Pilot Projects
LOS ANGELES, Jan. 19, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), San Diego Gas & Electric (SDG&E), Pacific Gas and Electric Company (PG&E) and Southwest Gas jointly issued a draft solicitation yesterday for dairy biomethane pilot projects under California Senate Bill (SB) 1383. Proposed projects must demonstrate an ability to capture and process biogas from dairy cows to produce renewable natural gas, which can replace traditionally sourced natural gas for generating electricity, heating homes and fueling vehicles. At least five projects will be selected. The draft solicitation is the first step in a new program created under SB 1383 by the California Public Utilities Commission (CPUC), which has been directed to reduce methane emissions from agriculture in the state by 2030. "This is an exciting first step to building the market for renewable natural gas," said Lisa Alexander, vice president of customer solutions and communications for SoCalGas. "Renewable natural gas, with its ability to turn methane emissions into a source of energy, is a critical element of a comprehensive approach to climate change, and we look forward to supporting these efforts." "The capture of biogas from agriculture is an innovative way to produce renewable natural gas to fuel our homes and businesses while helping achieve the state's climate goals," said Michael Schneider, chief environmental officer and vice president of operations support and sustainability for SDG&E. "These pilot projects will help us identify a largely untapped energy resource and put organic waste to work for California." "Identifying new ways to reduce methane emissions and their effect on the environment is one of PG&E's highest priorities. We remain committed to playing a key role in California's emissions reductions effort and clean energy future. And, we are proud to partner with the state's leading energy companies and agriculture producers to convert organic waste into a reliable source of energy. The capturing, transformation and utilization of methane emissions as a clean fuel source will have significant environmental benefits," said PG&E Gas Operations Senior Director, Christine Cowsert. "Southwest Gas is pleased to partner with SoCalGas, San Diego Gas & Electric and Pacific Gas and Electric to further develop the renewable natural gas market in California to help achieve the state's climate change goals," said Randall Gabe, vice president/Gas Resources for Southwest Gas. Proposed projects will be selected by the CPUC, California Air Resources Board and the California Department of Food and Agriculture. The agencies will jointly choose projects based on an evaluation of the proposed business model, likely greenhouse gas reductions realized, and cost effectiveness of achieving these reductions, environmental benefits, disadvantaged community benefits and project readiness. Dairy biogas development is rapidly increasing in California, with help in part from $35 million in grant funding last year from the California Department of Food and Agriculture (CDFA). CDFA is expected to provide an additional $61- $75 million in grant funding for new dairy biogas projects this year. There are currently about 40 projects in the works, and experts expect there could be as many as 120 projects being developed by 2022. The utilities will explain the draft solicitation process, gather feedback to clarify the process and answer questions at a workshop and webinar on Wednesday, Jan. 31, from 1:00 to 3:00 p.m. at the California Department of Food and Agriculture, 2800 Gateway Oaks Dr., Room 101, Sacramento, CA 95833. Additional information on the draft solicitation as well as the workshop and webinar can be found here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About SDG&ESDG&E is an innovative San Diego-based energy company that provides safe, reliable, clean energy to better the lives of the people it serves in San Diego and southern Orange counties. More than 4,000 employees work to provide the cleanest, safest and most reliable energy in the West. The company has been recognized by the U.S. Environmental Protection Agency for leadership in addressing climate change, was the first to meet California's goal of delivering 33 percent of energy from renewable sources, has fueled the adoption of electric vehicles and energy efficiency through unique customer programs, and supports a number of non-profit partners. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook. About PG&EPacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation's cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page. About Southwest GasSouthwest Gas Corporation was founded in 1931 and is a subsidiary of Southwest Gas Holdings Inc. Southwest Gas Corporation provides natural gas service to 2 million customers in Arizona, California and Nevada. For more information about Southwest Gas, please visit www.swgas.com. SOURCE Southern California Gas Company
Sempra Energy Named to Fortune's 'World's Most Admired Companies' List for 2018
SAN DIEGO, Jan. 19, 2018 /PRNewswire/ -- Sempra Energy (NYSE:SRE) has been recognized by Fortune magazine as one of the "World's Most Admired Companies" for 2018. Sempra Energy ranked third in the Electric and Gas Utilities category. "We're honored to be recognized as one of Fortune's 'Most Admired Companies,' particularly this year as we celebrate Sempra Energy's 20 th anniversary," said Debra L. Reed, chairman, president and CEO of Sempra Energy. "The attributes measured in this survey – such as attracting and retaining talent, financial soundness and social responsibility – are critical ingredients in our formula for long-term success." Fortune works with Korn Ferry Hay Group, a global management consulting firm, to select companies with the strongest reputations for the annual "World's Most Admired Companies" list. Korn Ferry Hay Group surveys financial analysts, and senior executives and directors from 680 companies, across 29 countries and 52 industries. Companies are ranked on the following attributes: ability to attract and retain talent, quality of management, social responsibility, innovativeness, quality of products or services, wise use of corporate assets, financial soundness, long-term investment value and effectiveness in doing business globally. To be considered, companies must have minimum annual revenues of approximately $10 billion and rank among the revenue leaders in their specific industry. Late last year, the Wall Street Journal recognized Sempra Energy as the top company in the utilities sector in the Journal's first "Management Top 250" ranking, a new report that examines the overall effectiveness of U.S. businesses, and Thomson Reuters, the multinational mass media firm, named Sempra Energy a "2017 Top 100 Global Energy Leader." Sempra Energy includes San Diego Gas & Electric, Southern California Gas Co., Sempra South American Utilities, Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Traffic Advisory: Lane Reduction on Inglewood Boulevard in Playa Vista and Culver City Starting January 16
WHAT: Starting January 16, SoCalGas will be performing a safety inspection on a segment of natural gas pipeline on Inglewood Boulevard between Juniette Street and 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 April 2018. To perform the pipeline inspection safely, southbound traffic on Inglewood Boulevard will be reduced to one lane between Juniette Street and Jefferson Boulevard, from 8 a.m. to 6 p.m. Monday through Friday, and Saturdays from 9 a.m. to 5 p.m. Southbound traffic on Inglewood Boulevard will be able to make a right- and left-hand turn onto Jefferson Boulevard. Traffic control signs will help direct the flow of traffic. 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: Inglewood Boulevard between Juniette Street and Jefferson Boulevard, near the interchange of Interstate 405 and State Route 90 in Los Angeles, CA, as shown in this link. WHEN: 8 a.m. to 6 p.m., Monday through Friday, and Saturdays from 9 a.m. to 5 p.m., beginning January 16, 2018. 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 Announces Upgrade Project to Modernize Natural Gas Pipeline in the L.A. Gateway Area
LOS ANGELES, January 15, 2018 – Southern California Gas Co. (So CalGas) announced today it will be performing an approximately $17 million pipeline modernization project beginning this month. The company will replace a half mile-long section of pipeline along West 190 th Street with new pipeline between Vermont Avenue and Figueroa Street near the Harbor Freeway (Interstate 110), as shown in this link. The work will begin January 16 and is scheduled to be complete in May. “Upgrading our pipeline system helps ensure we can continue to reliably provide natural gas to homes, businesses, schools, hospitals and power plants in Los Angeles,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “Our customers in this region prefer to use natural gas for heat and hot water because it’s more reliable and affordable than any alternative.” The effort is part of SoCalGas’ Pipeline Safety Enhancement Plan (PSEP), a program that identifies various high pressure pipeline sections throughout SoCalGas’ system and schedules them to be pressure-tested and/or replaced. Lane Reduction on 190 th Street Starting January 16 To perform this pipeline improvement project safely, eastbound and westbound traffic on West 190 th Street will be reduced to one lane in each direction from 7 a.m. to 7 p.m., Monday to Friday and 8 a.m. to 6 p.m., Saturdays starting January 16 to May 2018. Eastbound and westbound traffic on West 190 th Street between South Vermont Avenue and South Figueroa Street will not be able to make left turns for approximately .5 miles due to construction work in the middle lane. Westbound traffic will still be able to turn left or right onto Vermont Avenue. Eastbound traffic will still be able to turn left or right on South Figueroa Street. Interstate 110 Southbound Off-Ramp at 190 th Street Closed January 19-20 Additionally, Interstate 110 southbound off-ramp at 190 th and West 190 th Street between South Vermont Avenue and South Figueroa Street, will be closed to traffic from Friday, Jan. 19 at 9 p.m. to Saturday, Jan. 20 at 9 p.m. to install temporary concrete road barriers (k-rails) near the work site. Traffic control message boards, cones and signs will help direct the flow of traffic. During work hours, commuters passing by the work site may see excavation, equipment and vehicles. Customers are not anticipated to experience any service interruptions. Some residents and local business owners may occasionally smell the odorant in natural gas and may also hear some work-related noise. Residents with questions may contact SoCalGas’ call center at 1-800-427-2200. The call center is available 24 hours a day, seven days a week. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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. ###
Lane Reduction on Sepulveda Boulevard in Encino, Sherman Oaks Areas Beginning January 8
WHAT: On Monday, January 8, 2018, SoCalGas will begin pipeline safety work on Sepulveda Boulevard between Royal Woods Drive and just south of Valley Meadow Road in the Encino and Sherman Oaks areas of Los Angeles. Northbound and southbound traffic on Sepulveda Boulevard will be reduced to one lane in some sections during work hours. No interruption to natural gas service is anticipated. WHERE: Sepulveda Boulevard between Royal Woods Drive and just south of Valley Meadow Road, Los Angeles, CA, as shown in this link. WHEN: Beginning January 8, 2018 through February 21, 2018 (weather permitting), northbound lanes will be reduced to one lane before Valley Meadow Road and southbound lanes will be reduced to one lane before Royal Woods Drive. Work hours: Monday-Friday 9:00am-3:30pm Saturday 8:00am-6:00pm NOTE: This effort is part of SoCalGas’ Pipeline Safety Enhancement Plan (PSEP), a multi-billion-dollar program that tests and updates the natural gas pipeline infrastructure in Southern California. SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. 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.
Sempra Energy Announces Pricing of Public Offerings of Common Stock and Mandatory Convertible Preferred Stock
SAN DIEGO, Jan. 4, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has priced its concurrent offerings (the equity offerings) of 23,364,486 shares of its common stock in connection with the forward sale agreements described below at $107 per share and 15,000,000 shares of its 6-percent Mandatory Convertible Preferred Stock, Series A, at $100 per share, each in a separate registered public offering. The equity offerings are expected to close on or about Jan. 9, 2018, subject to customary closing conditions. In addition, the underwriters in the respective equity offerings have been granted the option to purchase directly from Sempra Energy up to an additional 3,504,672 shares of its common stock and up to an additional 2,250,000 shares of its Mandatory Convertible Preferred Stock. These offerings are being made by means of separate prospectus supplements and are not contingent on each other or upon the consummation of Sempra Energy's pending acquisition (the merger) of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximately 80-percent ownership of Oncor Electric Delivery Company LLC (Oncor). The net proceeds from the Mandatory Convertible Preferred Stock offering will be approximately $1.47 billion, after deducting the underwriting discount, but before deducting estimated offering expenses payable by Sempra Energy. Sempra Energy expects to use the net proceeds from the Mandatory Convertible Preferred Stock offering and the related sale of shares of its common stock pursuant to the forward sale agreements referred to below, together with the net proceeds from planned future debt financings, which may include the issuance of its debt securities, commercial paper supported by its revolving credit facilities and borrowings under its revolving credit facilities, to finance the merger and related costs and expenses or, in the case of any proceeds received from settlements under the forward sale agreements that occur after the closing of the proposed merger, to repay indebtedness incurred to finance a portion of the cost of the merger and related costs and expenses. If for any reason the merger is not completed on or prior to Dec. 1, 2018, or the related merger agreement is terminated on or prior to that date, then Sempra Energy expects to use the net proceeds from the equity offerings for general corporate purposes, which may include, in Sempra Energy's sole discretion, the voluntary redemption of the Mandatory Convertible Preferred Stock, debt repayment, including repayment of commercial paper, capital expenditures, investments and possibly repurchases of its common stock at the discretion of its board of directors. Morgan Stanley, RBC Capital Markets and Barclays are acting as joint bookrunners of the equity offerings and representatives of the underwriters. In connection with the common stock offering, Sempra Energy has entered into forward sale agreements with each of Morgan Stanley & Co. LLC, an affiliate of RBC Capital Markets, LLC and an affiliate of Barclays Capital Inc. (in such capacity, the forward purchasers) with respect to 23,364,486 shares of its common stock. In connection with the forward sale agreements, the forward purchasers or their affiliates (in such capacity, the forward sellers) are expected to borrow from third parties and sell to the underwriters of the common stock offering for resale by such underwriters in such offering, an aggregate of 23,364,486 shares of the common stock. If, however, the forward purchasers determine in good faith, after using commercially reasonable efforts, that the forward sellers are unable to borrow and deliver to the underwriters any such shares of common stock, or the forward sellers are unable to borrow and deliver to the underwriters any such shares at a stock loan rate not greater than a specified rate, Sempra Energy will issue and sell to the underwriters a number of shares of common stock equal to the number of shares that the forward sellers did not deliver. Sempra Energy will not initially receive any proceeds from the sale of common stock sold by the forward sellers to the underwriters. Instead, subject to its right to elect cash settlement or net share settlement subject to certain conditions, Sempra Energy intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by Sempra Energy occurring no later than Dec. 15, 2019, an aggregate of 23,364,486 shares of its common stock to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price per share, which will initially be equal to the public offering price per share in the common stock offering, less underwriting discounts and commissions, as subsequently adjusted as provided in the forward sale agreements. Each share of Mandatory Convertible Preferred Stock will be issued with a liquidation preference of $100 per share. Unless earlier converted or redeemed, each share of Mandatory Convertible Preferred Stock will automatically convert into a variable number of shares of Sempra Energy's common stock on the mandatory conversion date, which is expected to be Jan. 15, 2021. The number of shares of Sempra Energy's common stock issuable on mandatory conversion will be determined based on the average volume-weighted average price of Sempra Energy's common stock over the 20-trading day period commencing on and including the 21st scheduled trading day prior to Jan. 15, 2021. Dividends on the shares of Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by Sempra Energy's board of directors, at an annual rate of 6 percent on the liquidation preference of $100 per share. The dividends may be paid in cash or, subject to certain limitations, in shares of Sempra Energy common stock or, at Sempra Energy's election, any combination of cash and shares of common stock on Jan. 15, April 15, July 15 and Oct. 15 of each year, commencing on April 15, 2018, and to, and including, Jan. 15, 2021. The offerings are being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Each offering is being made only by means of a prospectus supplement relating to such offering and the accompanying base prospectus, copies of which may be obtained by contacting the representatives of the underwriters using the information provided below under "Underwriter Contact Information." An electronic copy of each final prospectus supplement, together with the accompanying prospectus, will be available on the SEC's website, www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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 discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Such forward-looking statements include, among other things, statements related to Sempra Energy's expectations regarding the completion and timing of its public offerings, the expected physical settlement of the forward sale agreements, and use of proceeds. 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 actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the impact of current global economic, credit and market conditions and the satisfaction of customary closing conditions related to the offerings, as well as risks and uncertainties associated with our business in general, including, actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; 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 greenhouse gases, radioactive materials and harmful emissions, cause wildfires 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 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; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of changes in the tax code as a result of recent federal tax reform and uncertainty as to how certain of those changes may be applied; actions by credit rating agencies to downgrade credit ratings of us or our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system 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; and other uncertainties, some of which may be difficult to predict and are beyond our control. Additional forward-looking statements include, but are not limited to, statements about the completion of the merger and the expected financing plans for the merger, and other statements that are not historical facts. Additional factors that could cause actual results and future actions to differ materially from those described in any such forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction or be onerous to Sempra Energy; the risk that a condition to closing of the merger may not be satisfied; the risk that the transaction may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected; the risk that Sempra Energy may be unable to obtain the external financing necessary to pay the consideration and expenses related to the merger on terms favorable to Sempra Energy, if at all; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention to merger-related issues; and related legal, accounting and other costs, whether or not the merger is completed; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new required regulatory capital structure, or because any of the three major credit rating agencies rates its senior secured debt securities below BBB (or its equivalent) or its independent directors determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the prospectus supplement and accompanying prospectus for each offering and in the reports that Sempra Energy has filed with the SEC that are incorporated by reference therein. 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 Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. UNDERWRITER CONTACT INFORMATION Morgan Stanley & Co. LLC180 Varick St, 2 nd Floor, New York, New York 10014Attn: Prospectus Department RBC Capital Markets, LLC200 Vesey Street, 8th FloorNew York, NY 10281-8098Attn: Equity SyndicateToll-free: (877) 822-4098 equityprospectus@rbccm.com Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue, Edgewood, NY 11717 Attn: Prospectus Department Toll-free: 1-888-603-5847 barclaysprospectus@broadridge.com SOURCE Sempra Energy
SoCalGas Works to Develop New Technology that Makes Carbon Fiber During Hydrogen Production
LOS ANGELES, Jan. 4, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it is partnering with a development team to advance a new process that converts natural gas to hydrogen, carbon fiber, and carbon nanotubes. The low-emission process, selected for funding by the U.S. Department of Energy's (DOE) Fuel Cell Technologies Office (FCTO) within the Office of Energy Efficiency and Renewable Energy (EERE), will create both hydrogen that can be used in fuel cell vehicles and industrial processes, as well as carbon fiber used in applications from medical devices and aerospace structures to building products. The goal of the partnership, led by C4-MCP, LLC (C4), a Santa Monica-based technology start-up, is to offset the hydrogen production expense with the sales of the carbon fiber and carbon nanotubes, reducing the hydrogen's net cost to under $2 per kilogram, thus helping make hydrogen fueled cars and trucks cost-competitive with conventional gasoline and diesel vehicles. In addition, this technology will virtually eliminate CO 2 emissions from the methane-to-hydrogen process. These efforts support FCTO's focus on early stage research and development to enable innovations to be demonstrated and to help guide further early stage research strategy. The technology commercialization team includes SoCalGas, C4, Pacific Northwest National Laboratory (PNNL), a U.S. Department of Energy national laboratory located in Richland, Washington, and West Virginia University ( WVU). As a result of the DOE selection, the team will negotiate a cooperative research and development agreement (CRADA) consisting of $375,000 in prior year DOE funding and a $375,000 co-funding contribution from C4 and SoCalGas. The CRADA will fund PNNL and WVU to develop the technology. "This technology takes methane, turns it into a zero-emission automotive fuel—hydrogen—then uses the carbon captured in the process to make the strongest possible materials to be used in high-tech manufacturing," said Yuri Freedman, SoCalGas senior director of market development. "Further advances in development of this technology will bring about a unique and potentially revolutionary combination of environmental, manufacturing, and economic benefits." "The research will lead to transformative advancement in science and engineering, in addressing not only climate change issues but also energy inefficiency issues in natural gas conversion to value-added products," said WVU Statler Chair Engineering Professor John Hu. " WVU will work closely with the team to carry out laboratory research in developing the catalyst and process for the conversion of natural gas to crystalline carbon and hydrogen." "We are excited to study in more detail and further develop the catalytic process, understand the characteristics of the carbon that is produced, and to help figure out how to economically scale up the process for commercial implementation," said PNNL project manager Robert Dagle. "PNNL will also perform a techno-economic analysis for the process to be developed. Since the precursor for making carbon fiber today is expensive, it is intriguing to think about starting with natural gas and consider the carbon product possibilities." "We are very pleased to be working with SoCalGas, PNNL, WVU, and DOE to commercialize these exciting and leading-edge carbon-to-value technologies," said Jim McDermott executive chairman of C4-MCP. "As the world strives to find new and innovative ways to simultaneously grow and lower CO2 emissions, working with SoCalGas and the national labs is both an honor and privilege." While carbon fiber and its uses are well-known, carbon nanotubes (CNTs) are viewed as a big leap forward in materials science and engineering because they have tensile strength and stiffness many times that of carbon fiber. The global CNT market was estimated at approximately $3.5 billion in 2016 and is expected to increase to $8.7 billion by 2022 with robust growth rates over 17 percent annually, according to experts at SoCalGas. The partnership will develop an advanced methane reforming process based on a new catalyst used to make CNTs, recently discovered by Hu. The new catalyst system promotes "base growth" carbon nanotube formation rather than "tip growth," the current technology. Base growth formation enables the catalyst to regenerate while also creating a highly pure and crystalline carbon product. In addition, the reaction conditions can be optimized to tune the diameter and length of the CNTs produced. The new catalyst and technique will be further developed and evaluated at both West Virginia University and Pacific Northwest National Laboratory. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company has committed to spending $6 billion over the next five years to modernize and upgrade its gas infrastructure, while also reducing methane emissions. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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 C4Headquartered in Santa Monica, California, C4-MCP, LLC is a wholly owned subsidiary of C4 Composites (C4). C4 is creating the carbon-to-value economy, transforming atmospheric CO2 into "carbon negative" and price competitive materials, chemicals and fuels. In addition to early-stage commercialization, C4 is a developer of scaled industrial facilities that integrate individual carbon-to-value technologies into cohesive solutions. For more information contact Jim McDermott at (310) 383-2518 or jim.mcdermott@c4composites.com. About PNNLInterdisciplinary teams at Pacific Northwest National Laboratory address many of America's most pressing issues in energy, the environment and national security through advances in basic and applied science. Founded in 1965, PNNL employs 4,400 staff and has an annual budget of nearly $1 billion. It is managed and operated by Battelle for the U.S. Department of Energy's Office of Science. As the single largest supporter of basic research in the physical sciences in the United States, the Office of Science is working to address some of the most pressing challenges of our time. For more information on PNNL, visit the PNNL News Center, or follow PNNL on Facebook, Google+, Instagram, LinkedIn and Twitter. About WVU West Virginia University, founded in 1867, has a long and rich history as a land-grant university. In 1862, President Abraham Lincoln signed the Morrill Act, offering land grants of 30,000 acres of federally owned land to each state that agreed to establish a college to teach agriculture and the "mechanic arts" (engineering). WVU ranks nationally for prestigious scholarships: 25 Rhodes Scholars, 22 Truman Scholars, 44 Goldwater Scholars, 2 George C. Marshall (British) Scholars, 5 Morris K. Udall Scholars, 5 USA Today All- USA College Academic First Team Members (and 11 academic team honorees), 22 Boren Scholars, 36 Gilman Scholars, 49 Fulbright Scholars, 3 Department of Homeland Security Scholars, 28 Critical Language Scholars, one Jack Kent Cooke Foundation Graduate Scholar, 5 National Institute of Standards and Technology Fellowships and 4 National Science Foundation Graduate Research Fellowships. SOURCE Southern California Gas Company
Sempra Energy Announces Proposed Public Offerings Of Common Stock And Mandatory Convertible Preferred Stock
SAN DIEGO, Jan. 2, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it is commencing concurrent offerings (the equity offerings) of $2.5 billion of shares of its common stock in connection with the forward sale agreements described below and $1.5 billion of shares of its Mandatory Convertible Preferred Stock, Series A, each in a separate registered public offering, subject to market and other conditions. These offerings are being made by means of separate prospectus supplements and are not contingent on each other or upon the consummation of Sempra Energy's pending acquisition (the merger) of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximately 80-percent ownership of Oncor Electric Delivery Company LLC (Oncor). Sempra Energy expects to use the net proceeds from these offerings and the related sale of shares of its common stock pursuant to the forward sale agreements referred to below, together with the net proceeds from planned future debt financings, which may include the issuance of its debt securities, commercial paper supported by its revolving credit facilities and borrowings under its revolving credit facilities, to finance the merger and related costs and expenses or, in the case of any proceeds received from settlements under the forward sale agreements that occur after the closing of the proposed merger, to repay indebtedness incurred to finance a portion of the cost of the merger and related costs and expenses. If for any reason the merger is not completed on or prior to Dec. 1, 2018, or the related merger agreement is terminated on or prior to that date, then Sempra Energy expects to use the net proceeds from the equity offerings for general corporate purposes, which may include, in Sempra Energy's sole discretion, the voluntary redemption of the Mandatory Convertible Preferred Stock, debt repayment, including repayment of commercial paper, capital expenditures, investments and possibly repurchases of its common stock at the discretion of its board of directors. Sempra Energy intends to grant the underwriters in the respective equity offerings the option to purchase directly from Sempra Energy up to an additional $375 million of shares of its common stock and up to an additional $225 million of shares of its Mandatory Convertible Preferred Stock. Morgan Stanley, RBC Capital Markets and Barclays are acting as joint bookrunners of the equity offerings and representatives of the underwriters. In connection with the common stock offering, Sempra Energy expects to enter into forward sale agreements with each of Morgan Stanley & Co. LLC, an affiliate of RBC Capital Markets, LLC and an affiliate of Barclays Capital Inc. (in such capacity, the forward purchasers) with respect to $2.5 billion of shares of its common stock. In connection with the forward sale agreements, the forward purchasers or their affiliates (in such capacity, the forward sellers) are expected to borrow from third parties and sell to the underwriters of the common stock offering for resale by such underwriters in such offering, an aggregate of $2.5 billion of shares of the common stock. If, however, the forward purchasers determine in good faith, after using commercially reasonable efforts, that the forward sellers are unable to borrow and deliver to the underwriters any such shares of common stock, or the forward sellers are unable to borrow and deliver to the underwriters any such shares at a stock loan rate not greater than a specified rate, Sempra Energy will issue and sell to the underwriters a number of shares of common stock equal to the number of shares that the forward sellers did not deliver. Sempra Energy will not initially receive any proceeds from the sale of common stock sold by the forward sellers to the underwriters. Instead, subject to its right to elect cash settlement or net share settlement subject to certain conditions, Sempra Energy intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by Sempra Energy occurring no later than Dec. 15, 2019, an aggregate of $2.5 billion of shares of its common stock to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price per share, which will initially be equal to the public offering price per share in the common stock offering, less underwriting discounts and commissions, as subsequently adjusted as provided in the forward sale agreements. Each share of Mandatory Convertible Preferred Stock is expected to have a liquidation preference of $100 per share. Unless earlier converted or redeemed, each share of Mandatory Convertible Preferred Stock will automatically convert into a variable number of shares of Sempra Energy's common stock on the mandatory conversion date, which is expected to be Jan. 15, 2021. The number of shares of Sempra Energy's common stock issuable on mandatory conversion will be determined based on the average volume-weighted average price of Sempra Energy's common stock over the 20-trading day period commencing on and including the 21st scheduled trading day prior to Jan. 15, 2021. The dividend rate and the conversion terms of the Mandatory Convertible Preferred Stock will be determined by negotiations among Sempra Energy and the underwriters. The offerings are being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Each offering will be made only by means of a prospectus supplement relating to such offering and the accompanying base prospectus, copies of which may be obtained by contacting the representatives of the underwriters using the information provided below under "Underwriter Contact Information." An electronic copy of each preliminary prospectus supplement, together with the accompanying prospectus, also is available on the SEC's website, www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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 discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Such forward-looking statements include, among other things, statements related to Sempra Energy's expectations regarding the completion, timing and sizing of its proposed public offerings, its expectations with respect to granting the underwriters options to purchase additional shares, the expected physical settlement of the forward sale agreements, and use of proceeds. 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 actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the impact of current global economic, credit and market conditions and the satisfaction of customary closing conditions related to the proposed offerings, as well as risks and uncertainties associated with our business in general, including, actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; 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 greenhouse gases, radioactive materials and harmful emissions, cause wildfires 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 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; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of changes in the tax code as a result of recent federal tax reform and uncertainty as to how certain of those changes may be applied; actions by rating agencies to downgrade credit ratings of us or our subsidiaries or to place these ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system 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; and other uncertainties, some of which may be difficult to predict and are beyond our control. Additional forward-looking statements include, but are not limited to, statements about the completion of the merger and the expected financing plans for the merger, and other statements that are not historical facts. Additional factors that could cause actual results and future actions to differ materially from those described in any such forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction or be onerous to Sempra Energy; the risk that a condition to closing of the merger may not be satisfied; the risk that the transaction may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected; the risk that Sempra Energy may be unable to obtain the external financing necessary to pay the consideration and expenses related to the merger on terms favorable to Sempra Energy, if at all; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention to merger-related issues; and related legal, accounting and other costs, whether or not the merger is completed; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new required regulatory capital structure, or because any of the three major credit rating agencies rates its senior secured debt securities below BBB (or its equivalent) or its independent directors determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the prospectus supplement and accompanying prospectus for each offering and in the reports that Sempra Energy has filed with the SEC that are incorporated by reference therein. 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 Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. UNDERWRITER CONTACT INFORMATION Morgan Stanley & Co. LLC RBC Capital Markets, LLC 180 Varick St, 2 nd Floor, 200 Vesey Street, 8th Floor New York, New York 10014 New York, NY 10281-8098 Attn: Prospectus Department Attn: Equity Syndicate Toll-free: (877) 822-4098 equityprospectus@rbccm.com Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue, Edgewood, NY 11717 Attn: Prospectus Department Toll-free: 1-888-603-5847 barclaysprospectus@broadridge.com SOURCE Sempra Energy
Additional Texas Stakeholders Join Oncor-Sempra Energy Settlement Agreement
SAN DIEGO and DALLAS, Dec. 27, 2017 /PRNewswire/ -- Oncor Electric Delivery Company, LLC (Oncor) and Sempra Energy (NYSE: SRE) today announced that The Alliance for Retail Markets and the Texas Energy Association for Marketers joined a settlement agreement for Sempra Energy's pending acquisition of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximate 80-percent ownership of Oncor. The Alliance for Retail Markets and the Texas Energy Association for Marketers joined the settlement announced Dec. 14 with Staff of the Public Utility Commission of Texas (PUCT), the Office of the Public Utility Counsel, Steering Committee of Cities Served by Oncor, and Texas Industrial Energy Consumers. The six settling parties have agreed that the acquisition is in the public interest, meets Texas statutory standards, and will bring substantial benefits. The parties to the agreement will ask the PUCT to approve the acquisition, consistent with the governance, regulatory and operating commitments in the settlement agreement. This settlement agreement marks a significant step forward for Sempra Energy's proposed acquisition. Sempra Energy and Oncor are continuing settlement discussions with additional stakeholders. On Aug. 21, Sempra Energy entered into an agreement to acquire EFH. In September, the U.S. Bankruptcy Court for the District of Delaware approved EFH's entry into the merger agreement with Sempra Energy and, in October, Sempra Energy and Oncor filed a joint Change-in-Control application with the PUCT. On Oct. 16, the PUCT set a procedural schedule to complete a review of the joint application by early April 2018, with a proposed February 2018 hearing date. On Dec. 12, the Federal Energy Regulatory Commission issued an order authorizing Sempra Energy's acquisition of EFH, subject to customary conditions. The EFH transaction closing remains subject to further approvals by the U.S. Bankruptcy Court and the PUCT, among other approvals and closing conditions. Headquartered in Dallas, Oncor is a regulated electric transmission and distribution service provider, made up of approximately 134,000 miles of lines and more than 3.4 million advanced meters, making it the largest utility in Texas. Using cutting-edge technology, more than 3,900 employees work to safely maintain reliable electric delivery service to over 10 million Texans. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. 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 discussions of guidance, strategies, plans, goals, 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. Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the proposed Merger, including future financial or operating results of Sempra Energy or Oncor, Sempra Energy's, EFH's or Oncor's plans, objectives, expectations or intentions, the expected timing of completion of the transaction, the anticipated improvement in credit ratings of Oncor, and other statements that are not historical facts. Important factors that could cause actual results to differ materially from those indicated by any such forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction or be onerous to Sempra Energy; the risk that a condition to closing of the merger may not be satisfied; the risk that the transaction may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the transaction may not be fully realized or may take longer to realize than expected; the risk that Sempra Energy may be unable to obtain the external financing necessary to pay the consideration and expenses related to the merger on terms favorable to Sempra Energy, if at all; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention to merger-related issues; and related legal, accounting and other costs, whether or not the merger is completed. Additional factors, among others, that could cause actual results and future actions to differ materially from those described in forward-looking statements include: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; 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 greenhouse gases, radioactive materials and harmful emissions, cause wildfires 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 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; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; changes in the tax code as a result of recent federal tax reform, uncertainty as to when associated regulations will be enacted and how they would be applied; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system 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; 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 Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Completes Major Project to Modernize Natural Gas Pipeline on Sepulveda Boulevard in Los Angeles One Month Ahead of Schedule
LOS ANGELES, December 21, 2017 – Southern California Gas Co. (SoCalGas) announced it has safely completed a three-year, $83 million project to modernize a major natural gas pipeline along a well-traveled section of Sepulveda Boulevard in Los Angeles, one month ahead of schedule. The project is part of SoCalGas Pipeline Safety Enhancement Plan (PSEP), a multi-billion-dollar program that tests and updates the natural gas pipeline infrastructure in Southern California. “Our natural gas system pipelines are the arteries that keep affordable and clean energy flowing to hospitals, schools, power plants, homes and businesses throughout Southern California,” said Rick Phillips, senior director of SoCalGas’ Pipeline Safety Enhancement Plan. “SoCalGas is committed to modernizing our natural gas system so that we can continue to provide every Southern Californian with the affordable and clean energy they deserve.” The PSEP project along Sepulveda Blvd. began in August 2014 at the intersection of South Sepulveda Boulevard and Tennessee Avenue. Over the past three years, 3.4 miles of brand-new natural gas pipeline was installed from Tennessee Avenue north to the intersection with Casiano Road, near Interstate 405, as shown in this link. More than 90 percent of homes in this region use natural gas for heat and hot water, and about 60 percent of all electricity generated in California is made by natural gas-fired power plants. Natural gas pipelines deliver natural gas to homes, businesses, power plants and other critical facilities throughout Southern California. Since the PSEP program began in 2013, SoCalGas has conducted hydrotests on 87 miles of pipeline, installed 64 miles of new pipe and installed or upgraded 114 valves throughout its service territory. SoCalGas’ five-year capital plan includes $6 billion in infrastructure investments, including approximately $1.2 billion this year for improvements to distribution, transmission and storage systems and for pipeline safety. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company has committed to spending $6 billion over the next five years to modernize and upgrade its gas infrastructure, while also reducing methane emissions. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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. # # #
SoCalGas Donates Over $5,000 to the Riverside Police Foundation’s Holiday Toy Drive
RIVERSIDE, Calif., Dec. 21, 2018— Southern California Gas Co. (SoCalGas) this week donated $5,000 to the Riverside Police Foundation’s (RPF) Holiday Toy Drive, which provides gifts to families in need during the holidays. After learning that SoCalGas employees at the company’s Riverside base had independently raised close to $500 for the charity, the company then added its own donation of $5,000. “SoCalGas employees live and work in the neighborhoods we serve, and the generosity of the team at our Riverside base is just one of many stories like this we hear about throughout the year,” said Trisha Muse, director of community relations at SoCalGas. “Actively supporting the communities where we live and work is a core value at SoCalGas and one we share with the brave men and women at the Riverside Police department.” “We are so grateful for the generous donation by SoCalGas toward our toy drive this holiday season,” said Deputy Chief Larry Gonzalez of the RPD. “With these funds, the RPD and RPF are able to help make this Christmas a little bit easier for many families and children in our Riverside community. We want to thank SoCalGas for helping us to help others.” For photos of Riverside police officers and SoCalGas employees delivering gifts, click here. In 2016, SoCalGas invested more than $7 million in over 1,200 organizations, and the company’s employees volunteered nearly 13,000 hours at nonprofits throughout the company’s service territory. Learn more about SoCalGas’ giving here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company has committed to spending $6 billion over the next five years to modernize and upgrade its gas infrastructure, while also reducing methane emissions. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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 Riverside Police Foundation The Riverside Police Foundation (a non-profit organization) is the brain child of Chief Sergio G. Diaz, established to care for and give to the citizens and children of the city of Riverside. The mission of the Riverside Police Foundation fosters visible and direct community support to promote public safety and enhance the programs and services for the children of the City of Riverside. Our Vision is to take a leadership role in preventing crime, saving lives and improving the quality of life in our community through partnerships that enhance and strengthen the connection of the children and the Riverside Police Department. Our focus is a safer Riverside for the children and those who live, work and visit our great city. # # #
As Temperatures Across Southern California Fall, SoCalGas Reminds Customers to Conserve Energy
LOS ANGELES, Dec. 20, 2017 /PRNewswire/ -- With forecasts calling for average temperatures across Southern California to be in the 40s from Wednesday through at least Sunday, Southern California Gas Co. (SoCalGas) today shared tips to help customers save on their energy costs. During cold weather, customers typically use three to seven times more natural gas for space and water heating, which can result in higher bills. Increased demand for natural gas can also strain local energy supplies. There are many simple steps customers can take to reduce their natural gas use during cold weather to help keep energy costs affordable. They include: Set your thermostat to 68 degrees when you are home and 55 degrees when you are not home. Lowering your thermostat three to five degrees can save up to 10 percent on heating costs. Install proper caulking and weather-stripping; this can save roughly 10 to 15 percent on heating and cooling costs. Wash clothes in cold water to save up to 10 percent on water heating costs. Clean or replace your furnace filters according to manufacturer recommendations. Have your air ducts tested for leaks. Leaky ducts can cost between 10 to 30 percent in heating and cooling costs. Turn down the temperature on your water heater. Take shorter showers to reduce your natural gas use. Fix leaky faucets and pipes. Hot water leaks cause increased demand on the water heater, which increases natural gas use. One drop of water per second can waste 500 gallons of hot water per year. Limit use of non-essential natural gas appliances, such as spas and fireplaces. More energy saving tips are located here. Customers are also encouraged to sign up for free bill tracking alerts and other online tools to help keep heating affordable this winter. "Bill Tracker Alerts" are an easy way to track natural gas use each week—instead of waiting until the monthly bill arrives—and can help customers use less natural gas and lower their bills. Customers can enroll for Bill Tracker Alerts in My Account at socalgas.com/pay-bill/my-account. Once enrolled, they can easily access their gas usage information, pay bills, schedule service orders and sign up for Bill Tracker Alerts by visiting "Manage My Account: Manage Alerts." In addition, SoCalGas offers rebates on hundreds of home products that help save energy. Among the most popular are smart thermostats that can learn your schedule and temperature preferences and adjust the temperature in your home accordingly. They also allow users to adjust home temperatures with a mobile app or computer and can even use local weather conditions to help control energy costs. Last winter, customers who participated in a smart thermostat energy efficiency pilot program saved enough natural gas to dry 2 million loads of laundry. Rebates on energy efficient appliances are also available. Customers can save $50 on select smart thermostats and Energy Star natural gas dryers, at least $100 on select water heaters and up to $200 on select central gas furnaces. Customers can also save money on clothes washers and low-flow showerheads, including those with thermostatic shut-off valves that temporarily cut water flow once the water has become hot. Since 1990, SoCalGas' energy efficiency and rebate programs have helped families and businesses save approximately $672 million on their natural gas bills. SoCalGas customers can find rebates on qualifying energy efficient appliances or home upgrades by going to socalgas.com/save-money-and-energy. SoCalGas does not profit from gas consumption: the company works to buy natural gas when it's cheapest, store it for later use, and deliver those savings directly to customers. That's in part why today, SoCalGas has the second-lowest average bill among the 50 largest gas utilities in America, and natural gas continues to rank among the most affordable sources of energy. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company has committed to spending $6 billion over the next five years to modernize and upgrade its gas infrastructure, while also reducing methane emissions. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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 LNG & Midstream Announces Settlement Agreement Between Cameron LNG And CCJV For Liquefaction Project Construction
SAN DIEGO, Dec. 19, 2017 /PRNewswire/ -- Sempra LNG & Midstream today announced that Cameron LNG has reached a settlement agreement with its contractor, CCJV, related to the construction of the Cameron LNG liquefaction project in Hackberry, La. CCJV is a joint venture between an affiliate of Chicago Bridge & Iron Company N.V. (CB&I) and Chiyoda International Corporation. The settlement resolves all of CCJV's known and unknown claims to date, including Hurricane Harvey, and better aligns the interests of all parties in achieving the joint goal of having all three trains at Cameron producing liquefied natural gas (LNG) in 2019. The settlement falls within the existing construction budget and financing commitments for Cameron LNG while including incentives for additional milestones. The settlement agreement is subject to the satisfaction of certain conditions that will reflect improvement to CB&I's credit support to the project. Additional information concerning this settlement agreement is available in the Current Report on Form 8-K filed by Sempra Energy today with the Securities and Exchange Commission. The $10-billion liquefaction facility comprises three liquefaction trains with an expected export capability of 12 million tonnes per annum of LNG or approximately 1.7 billion cubic feet per day. Earnings for Sempra Energy (NYSE: SRE) from Cameron LNG are expected to be between $300 million to $350 million in 2020 and increasing over time, primarily as a result of Cameron LNG's debt being repaid. Cameron LNG is jointly owned by affiliates of Sempra LNG & Midstream, ENGIE (formerly GDF SUEZ), Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK). Sempra Energy indirectly owns 50.2 percent of Cameron LNG. Sempra LNG & Midstream leads Sempra Energy's efforts to develop and build natural gas liquefaction facilities, integrated midstream natural gas infrastructure and natural gas storage and is a subsidiary of Sempra Energy, a Fortune 500 energy services holding company based in San Diego with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. 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 discussions of guidance, strategies, plans, goals, 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 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, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; 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 greenhouse gases, radioactive materials and harmful emissions, cause wildfires 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 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; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; changes in the tax code as a result of potential federal tax reform, uncertainty as to what proposals will be enacted, if any, and, if enacted, how they would be applied; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system 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; 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 South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG & Midstream
SoCalGas Reminds Customers to Sign Up for Free Weekly Bill Tracker Alerts and Other Tools to Help Keep Heating Affordable this Winter
LOS ANGELES, Dec. 18, 2017 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) encourages customers to sign up for free bill tracking alerts and other online tools to help keep heating affordable this winter. Customers typically use three to seven times more natural gas for space and water heating during the winter months, which can result in higher bills. "Bill Tracker Alerts" are an easy way to track natural gas use each week—instead of waiting until the monthly bill arrives—and can help customers use less natural gas and lower their bills. Images of a sample alert and bill comparison are available here. With Bill Tracker Alerts, customers receive a text or email each week that includes their bill-to-date and the projected amount of their next bill. The Alert also shows their projected bill amount compared to their previous month's bill and the same month in the prior year. Within the "Ways to Save" section of My Account, they can also visit "Analyze Usage" to see their daily, and even hourly, gas usage and costs. There is no charge to use the service, and it is available to every customer with an advanced meter. "Natural gas is the most affordable way for people to heat their homes and water, and for more than two decades SoCalGas has been a leader in promoting energy efficiency programs and innovative ways to help our customers save on energy costs," said Gillian Wright, SoCalGas vice president of customer services. "With the installation of advanced meters, our customers have more tools than they've ever had before to help manage their natural gas use and keep their bills affordable." Customers can enroll in My Account at socalgas.com/pay-bill/my-account. Once enrolled, they can easily access their gas usage information, pay bills, schedule service orders and sign up for Bill Tracker Alerts by visiting "Manage My Account: Manage Alerts." Tips to reduce natural gas use and keep bills lower include: Set your thermostat to 68 degrees during the day and to 55 degrees at night and when you are not at home. Lowering your thermostat three to five degrees can save up to 10 percent on heating costs. Install proper caulking and weather-stripping; this can save roughly 10 to 15 percent on heating and cooling costs. Wash clothes in cold water to save up to 10 percent on water heating costs. Clean or replace your furnace filters according to manufacturer recommendations. Have your air ducts tested for leaks. Leaky ducts can cost between 10 to 30 percent in heating and cooling costs. Turn down the temperature on your water heater. Take shorter showers to reduce your natural gas use. Fix leaky faucets and pipes. Hot water leaks cause increased demand on the water heater, which increases natural gas use. One drop of water per second can waste 500 gallons of hot water per year. Limit use of non-essential natural gas appliances, such as spas and fireplaces. More energy saving tips are located here. SoCalGas does not make a profit on gas consumption: the company works to buy natural gas when it's cheapest, store it for later use, and deliver those savings directly to customers. That's in part why today, SoCalGas has the second-lowest average bill among the 50 largest gas utilities in America, and natural gas continues to rank among the most affordable sources of energy. Since 1990, SoCalGas' energy efficiency and rebate programs have helped families and businesses save approximately $672 million on their natural gas bills. The company offers eligible customers no-cost home weatherization services through the Energy Savings Assistance Program by applying online at https://www.socalgas.com/save-money-and-energy/assistance-programs/ener… or calling 1 (800) 331-7593. In addition, all SoCalGas customers can find rebates on qualifying energy efficient appliances or home upgrades by going to socalgas.com/save-money-and-energy. SoCalGas also recognizes that customers face various hardships and encourages those who may be having difficulty paying their natural gas bills to contact SoCalGas to ask about payment arrangements or to find out if they qualify for other bill-assistance programs. Customers can request payment arrangements online or call SoCalGas at (800) 427-2200. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company has committed to spending $6 billion over the next five years to modernize and upgrade its gas infrastructure, while also reducing methane emissions. SoCalGas is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy Declares Common Dividend
SAN DIEGO, Dec. 15, 2017 /PRNewswire/ -- Today, the board of directors of Sempra Energy (NYSE:SRE) declared a quarterly dividend of $0.8225 per share of common stock. The current dividend is payable Jan. 15, 2018, to shareholders of record at the close of business on Dec. 29, 2017. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. 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 discussions of guidance, strategies, plans, goals, 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 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, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to regulatory assets associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investment in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; 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 greenhouse gases, radioactive materials and harmful emissions, cause wildfires 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 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; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; changes in the tax code as a result of potential federal tax reform, uncertainty as to what proposals will be enacted, if any, and, if enacted, how they would be applied; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, and changes that make our exports less competitive or otherwise restrict our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system 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; 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 South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. [SRE-F] SOURCE Sempra Energy

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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).