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Sempra Commemorates 25 Years of Innovation, Safety and Service to Others
Company leaders launch 25 th anniversary celebrations ringing NYSE opening bell SAN DIEGO, June 29, 2023 /PRNewswire/ — Sempra (NYSE: SRE) (BMV: SRE) today begins its 25 th year of business, marking a quarter century of continued performance and progress toward its mission to be North America's premier energy infrastructure company. "Over the past 25 years, we have been connecting people to safer, more reliable and cleaner energy sources, empowering communities and providing value to shareholders, while also driving growth in some of North America's largest economic markets," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. "I am honored to celebrate this significant milestone in partnership with the thousands of talented employees across Sempra's family of companies who share a common mission and commitment to a high-performance culture." To commemorate Sempra's 25 th anniversary, company leadership participated in the ringing of the New York Stock Exchange opening bell in New York this week, initiating company-wide celebrations from coast to coast. Sempra was formed on June 29, 1998, from a merger between two century-old utilities: Pacific Enterprises and Enova Corporation, the parent companies of Southern California Gas Co. and San Diego Gas & Electric Co., respectively. Since then, Sempra has grown into one of the leading North American energy infrastructure companies with service to nearly 40 million consumers in California, Texas and Mexico. The company has developed a portfolio of businesses over the last two and a half decades comprised of top-tier utilities and long-term contracted energy infrastructure assets. Sempra's disciplined capital allocation approach and sustained performance has delivered long-term value for its shareholders, resulting in a total shareholder return of roughly 1,200% from 1998 through 2022. During that same period, the company's market capitalization increased 810% from $6 billion in 1998 to nearly $50 billion at the end of 2022. Today, Sempra's three growth platforms — Sempra California, Sempra Texas and Sempra Infrastructure — are building modern infrastructure to deliver electricity and cleaner fuels to some of North America's leading economies and globally. Together, these growth platforms serve a common purpose of helping to meet the world's expanding decarbonization and energy security goals. The company is currently executing a record $40 billion capital plan for 2023-2027 to connect customers to cleaner energy, strengthen community resilience against extreme weather events and increase safety and reliability. The referenced capital plan only includes Sempra's proportionate ownership share of capital expenditures. Across the Sempra family of companies, 20,000 employees are bound by a common set of values — do the right thing, champion people and shape the future — and a shared vision to deliver energy with purpose. These values underpin Sempra's commitment to empowering communities and supporting social progress. Over the course of its 25-year history, Sempra's family of companies and the Sempra Foundation have contributed more than $440 million to charitable causes and continue to find innovative ways to support the communities they serve. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor's Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas , and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of third parties; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to the energy industry in Mexico ; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of the clean energy transition in California , (iii) with respect to SDG&E's business, departing retail load resulting from additional customers transferring to Community Choice Aggregation and Direct Access, and (iv) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine , any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
New York Stock Exchange celebrates Sempra’s 25th anniversary
Sempra CEO, Martin rings bell, and talks next decade of energy sector modernization after 25 years of growth, and building the premier energy infrastructure company.
YMCA of Metropolitan Los Angeles Receives $325,000 Donation to Address Food Insecurity from SoCalGas' Fueling Our Communities Initiative
SoCalGas' $4 Million Initiative Fueling Our Communities will provide food for families and seniors in need; Largest Donation to the YMCA of Metropolitan Los Angeles will provide 20,000 meals LOS ANGELES, June 27, 2023 /PRNewswire/ -- As part of SoCalGas' 2023 Fueling Our Communities initiative, the company announced a $325,000 donation to the YMCA of Metropolitan Los Angeles. This donation to the YMCA-LA's program, FEED LA, will serve approximately 20,000 low-income residents throughout Los Angeles County with "Grab and Go" meals and fresh produce. The grant to the YMCA-LA is the largest of several other anticipated donations to local charities, funding local nonprofits' programs to provide meals and groceries for low-income individuals this year. SoCalGas is expanding the impact of the 2023 Fueling Our Communities initiative by allocating $4 million, the largest commitment to date, to new and existing partnerships with food banks and nonprofits throughout SoCalGas' 12-county service area. "In the face of food insecurity, our district's strength lies in the unwavering commitment of organizations like the YMCA, dedicated to fostering equitable access to nutritional meals for those in need," said Congressman Jimmy Gomez (CA-34). "Through the generous support of community partners, the YMCA will extend its reach, providing even more nutritious food to families and individuals across the district. Meanwhile, I will continue working in Congress to expand food nutrition programs and ensure healthy meals are accessible and affordable for everyone." "Food insecurity is a serious crisis that affects a significant number of residents in LA County," said Los Angeles County Supervisor Hilda L. Solis, representing the First District. "I am grateful for community partners such as the YMCA, which strives to ensure that everyone, regardless of their circumstances, has equitable access to nourishing meals. I extend my sincere gratitude to SoCalGas for their generous contribution, as it will empower the YMCA to expand the number of meals it provides to individuals and families in need across the County." The YMCA Of Metropolitan Los Angeles' FEED LA program provides fresh food and nutritious meals in underserved areas and is aimed toward ending food insecurity in Los Angeles County. Hunger continues to be a pressing and widespread issue with a recent study revealing approximately 1 in 4 residents face food insecurity. The YMCA-LA remains steadfast in its commitment to ensuring Los Angeles residents have access to healthy food choices. To date, the YMCA-LA's food insecurity programs have distributed over 9 million pounds of fresh produce to low-income families and seniors."The YMCA-LA Feed LA program has fed thousands of families in need throughout Los Angeles for over two years," said Victor Dominguez, President and CEO, YMCA of Metropolitan Los Angeles. "As a result of SoCalGas's generous contribution to the program, we can continue to fight food insecurity in communities that need help the most and we are grateful for their partnership and support." By partnering with SoCalGas, the YMCA-LA is able to expand the program to San Fernando Valley communities in need, fund home deliveries for seniors, and increase the frequency of the Feed LA program at some locations, while continuing to serve families at Y branches throughout Los Angeles County. Both the YMCA-LA and SoCalGas are committed to bridging the gap in food access for underserved communities by providing nutritious meals and groceries to thousands of families. " Fueling Our Communities is one way we demonstrate SoCalGas' commitment to investing in our service area communities. Partnering with the YMCA of Metropolitan Los Angeles was an easy choice because of their reach and relationships with the communities they serve," said SoCalGas Chief Operating Officer Jimmie Cho. "Food insecurity is a critical issue across the state, with many local food banks reporting that they are serving double the amount of people compared with 2019. This initiative began during the COVID-19 pandemic and partnerships like this one with the LA Y have helped provide tens of thousands of families with fresh produce and food."The Fueling Our Communities initiative began in 2020 as a collaborative effort between SoCalGas and five regional nonprofits in response to the COVID-19 pandemic. During its first summer, the program successfully provided more than 140,000 meals to 40,000 individuals from underserved communities across Southern California.SoCalGas is expanding the impact of the 2023 Fueling Our Communities initiative by allocating $4 million, the largest commitment to date, to new and existing partnerships with food banks and nonprofits throughout SoCalGas' 12-county service area. This expansion will primarily focus on serving families and seniors in need, providing vulnerable populations with food support that is so needed.SoCalGas remains committed to making a positive difference in the communities it serves, and the Fueling Our Communities effort is a testament to this ongoing dedication. By addressing food insecurity in Los Angeles County, SoCalGas and its partners aim to create a healthier and more sustainable future for all. Media assets can be found here . About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the YMCA of Metropolitan Los Angeles: The YMCA-LA is committed to rebuilding communities by providing equitable programs and services to empower all Angelenos. The Y-LA is focused on fighting food insecurity, providing equity in education, making sure every child has the opportunity to experience the joy of sports, ensuring kids and teens have a safe place to grow, learn and live a healthy lifestyle. The LA-Y's health and wellness initiatives offer medical and mental health resources to ensure everyone has access to basic health needs. During the pandemic, the LA-Y became the safety net for millions of Angelenos. They provided millions of meals, hundreds of thousands of hours of free childcare, arranged critical blood drives, provided showers for the homeless, flu and COVID vaccines as well as medical and mental health assistance. Visit https://www.ymcala.org for more information. Follow us on Facebook, Instagram or Twitter. SOURCE Southern California Gas Company
Climate action: The work that’s helping the Colorado River Delta
Sempra collaborates with Sonoran Institute to advance climate action, planting over 50K trees, reducing 2K metric tonnes of carbon emissions, and more.
Sempra’s 2022 Corporate Sustainability Report: What you need to know
25 years of sustainable business practices, Sempra shares 15th annual sustainability report, highlighting $1.75B in green bonds supporting clean energy, $40M in charitable contributions, and more.
Spotlight Articles
Discover Sempra’s latest articles on innovation, sustainability, workforce and community impact driving progress across its energy platform.
SoCalGas Machine Learning Project Achieves $150,000 Annual Savings, Nearly 1,000 Metric Tons of Annual CO2 Reductions For Industrial Customer
METRON machine learning technology helped digitize and optimize operations and identify opportunities for increased efficiency and reduced greenhouse gas emissions LOS ANGELES, June 15, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) is announcing the results of a machine learning project that helped an industrial customer achieve $150,000 in annual, recurring energy savings and nearly 1,000 metric tons of annual CO2 reductions, all through an initial setup cost of just $100,000. Thanks to this technology, The Gill Corporation has cut its yearly utility bill by 6 percent, while also reducing CO2 – equivalent to avoiding 112,524 gallons of gasoline consumed annually. The project, a collaboration with the METRON company, set out to find ways to use machine learning and digitization to help optimize industrial processes for cost and energy savings, along with reducing their emissions. In 2020, SoCalGas and METRON selected The Gill Corporation, a leading manufacturer of high-performance composite materials and products for the aerospace, transportation, and other industries, for deployment of this technology. "Energy efficiency continues to be one of the most cost-effective ways we can reduce greenhouse gas emissions and promote energy reliability now as we continue to develop additional tools to achieve our company's and California's efforts to achieve net zero," said Neil Navin, SoCalGas Chief Clean Fuels Officer. "We're thrilled at the cost savings and CO2 reductions achieved from the METRON project and are eager to find more opportunities for SoCalGas customers to explore this technology." "We are pleased to have been able to quantify these figures and reduce our organization's carbon footprint and energy costs. It is only the beginning," said Israel Palomino, Senior Mechanical Engineer at The Gill Corporation. "We are proud of the results delivered for The Gill Corporation with SoCalGas. We are looking forward to rolling out the METRON platform at a wider scale in California to support other SoCalGas industrial customers with energy consumption and carbon reduction through energy efficiency," said Vincent Sciandra, CEO of METRON. The technology behind METRON used machine learning to determine where in the industrial processes resources were needed or where data was lacking and additional sensors would be required to fill information gaps. The project allowed a fully centralized digitization of The Gill Corporation's operations and identified significant ways to reduce both energy use and carbon emissions. The METRON project is among dozens of research, development and demonstration projects that SoCalGas is funding to help achieve its aim to have net-zero greenhouse gas emissions by 2045. In 2022 alone, SoCalGas' Research Development & Demonstration (RD&D) program invested more than $13 million in hundreds of energy technology and clean fuels projects—from technology that converts carbon dioxide from industrial sources into consumer products to fuel-flexible power generators or innovative hydrogen fuel cell yard trucks for demanding port operations. The program, along with its partners, will be supporting approximately $400 million in decarbonization research through 2025. More information about SoCalGas' RD&D projects can be found in SoCalGas' recently released RD&D Annual Report. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
89 Local Restaurants Receive Assistance Grants Through Restaurants Care Resilience Fund
For the third year in a row, SoCalGas has participated in the Restaurants Care Resilience Fund by donating $1,000,000 to support small businesses and drive positive change in diverse and underserved communities across California LOS ANGELES, June 13, 2023 /PRNewswire/ -- 89 independently owned restaurants across Central and Southern California received $5,000 grants from the California Restaurant Foundation's (CRF) Restaurants Care Resilience Fund. Each restaurant receiving a grant can use the funds for equipment and technology upgrades, unforeseen hardship, employee retention bonuses and employee training, allowing California's independent restaurant owners to continue their businesses during challenging times. The $2.1 million fund, supported by SoCalGas with a $1,000,000 donation, and other California utility companies, is the largest to date in terms of overall funding, individual grant sizes and grant utilization. "With the generosity of SoCalGas, the Resilience Fund helped California's independent restaurant community for a third consecutive year," said Alycia Harshfield, Executive Director of CRF. "It's apparent that there is still a significant need for restaurant assistance, as we received 25% more applications this year than last. While these grants will allow local restaurant owners to build more resilient businesses, we also hope to inspire Californians to support their vibrant local restaurant community in any way they can, whether that's through dining, sharing on social media or spreading the word to friends and family." "SoCalGas and the California Restaurant Foundation are truly creating a positive impact on the lives of small business owners, their employees, and the communities these restaurants serve," said Assemblymember Mike Gipson. "Through this fund, SoCalGas is helping our favorite local restaurants be successful now and long into the future." "Local restaurants, the heart and soul of our community, are where friendships are forged, milestones celebrated, and delicious meals enjoyed. I'm pleased to witness the partnership of SoCalGas and the California Restaurant Foundation, extending vital aid to our cherished restaurants, often family-owned enterprises. With this support, we ensure their thriving existence, cultivating an environment where tasty meals and lasting connections flourish," said Thousand Oaks Mayor Kevin McNamee. "Thank you SoCalGas for allowing us to reward our employees who worked through the hardest times with us, and for giving us support in covering our bills. This grant has raised our team's morale and helped us for the best," said Valeria Loera, owner and manager of Lichis Mex LLC in Tujunga. "The grant is going to be used for equipment and maintenance on our storefront. More importantly, this direct support makes our restaurant feel seen and heard, empowering us with financial resources to achieve our goal of serving our customers with high-quality food and service," said Virgie Van Horst of Great Steak Bomb Hoagie in Simi Valley. Of the 89 grant recipients in SoCalGas' service area, 64% of this year's grant winners identify as female and 84% identify as people of color. About 64% of the grant funds will be used for equipment and technology upgrades and around 36% of the $5,000 grants will be put towards unforeseen hardships, employee training, and employee bonuses. To qualify, the restaurants needed to have five units or less, and less than $3 million in revenue. To see the full list of grant recipients, please visit www.restaurantscare.org/resilience. Impressively, the Resilience Fund has provided financial assistance to nearly 1,000 independent restaurants across California over the last three years. The Resilience Fund is currently accepting additional support from corporations, foundations and individuals who want to invest in California's vibrant restaurant community. Donations of all sizes are accepted and celebrated at www.restaurantscare.org/resilience. For more information about the California Restaurant Foundation or their Restaurants Care Resilience Fund, please visit www.restaurantscare.org. More media assets can per region be found here . About the California Restaurant Foundation (CRF): California is home to more than 90,000 eating and drinking places that ring up more than $72 billion in sales and employ more than 1.6 million workers, making restaurants an indisputable driving force in the state's economy. The California Restaurant Foundation is a non-profit that empowers and invests in California's restaurant workforce. Founded in 1981, CRF supports the restaurant community through relief grants for restaurant workers facing a hardship, job and life skills training for 13,500 high school students each year, and scholarships. For more information visit www.calrestfoundation.org. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Tackling energy poverty with Switch Energy Alliance
Switch Energy Alliance joins with Sempra in Energy Case Competition, drawing top talent in global energy sector. Learn More
The time is now to update and expand transmission infrastructure
Energy transmission infrastructure updates and expansion discussed as California's electric grid operator approves Transmission Plan. Learn More
SoCalGas Receives Honor for "Clean Energy Investment Leader of the Year" from The Cleanie Awards
Award recognizes innovators in clean energy and decarbonization LOS ANGELES, May 25, 2023 /PRNewswire/ -- Southern California Gas Co.'s (SoCalGas) Research, Development and Demonstration (RD&D) department has been recognized as the "Silver Winner" in the category of "Clean Energy Investment Leader of the Year" from the Cleanie Awards. The Cleanie Awards are a cleantech industry awards program focused on honoring innovators, accelerators and disruptors who are creating market-moving climate solutions. The "Clean Energy Investment Leader of the Year" category is designed to recognize organizations that have, "invested in unique and noteworthy projects and technology that benefit their respective organizations and the clean energy economy overall." "We're honored to have received an award that recognizes our RD&D projects, innovation and hard work to help decarbonize California," said Neil Navin, SoCalGas Chief Clean Fuels Officer. "We have an important part to play in the state's transition to a clean energy economy and will continue to develop clean energy solutions that get us closer to a zero-emissions California." "We are thrilled to be recognizing passionate thought leaders and organizations who are playing a pivotal role in accelerating the net-zero transition," said Randee Gilmore, Executive Director, The Cleanie Awards. "We are five years into the program, and continuously see a double digit increase in submissions year over year. As our industry continues to grow, we look forward to continuously highlighting the successes of those championing and advocating for the sustainable future." SoCalGas is a leader in sustainability, having been the first large natural gas utility in the United States to announce its aim to have net-zero greenhouse gas emissions by 2045. A key component of its sustainability efforts is Angeles Link, a proposed green hydrogen pipeline system that could deliver clean, reliable, renewable energy to the Los Angeles region. In December, the California Public Utilities Commission (CPUC) approved SoCalGas' request to track costs for advancing the first phase of the project, which could be the nation's largest green hydrogen pipeline system and support significantly reducing greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, and other hard-to-electrify sectors of the Southern California economy. Angeles Link, the [H2] Innovation Experience hydrogen microgrid and more than a dozen hydrogen demonstration projects SoCalGas is currently pioneering, are all part of its ongoing efforts to help accelerate California's energy transition. SoCalGas' efforts were also recognized in October, when the company was awarded the top "Business Transformation Award" at Reuters Events' 2022 Responsible Business Awards for having established truly transformative sustainability priorities with the potential to create impact at scale in the energy sector and beyond. For more information about SoCalGas' clean energy innovation, visit https://socalgas.com/cleanfuels. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Grants of Up to $500 Still Available to Help Customers Pay Gas Bill
Gas Assistance Fund has distributed over $2 million dollars, helping over 10,000 families. Approximately $3 million dollars remain to support eligible residential customers pay for their natural gas. LOS ANGELES, May 24, 2023 /PRNewswire/ -- Today SoCalGas announced that approximately $3 million dollars of the committed $6 million is still available in the company's Gas Assistance Fund to support eligible customers in paying their natural gas bill. This year, over 10,000 SoCalGas customers have already benefitted from the Gas Assistance Fund, which helps income-qualified customers pay their natural gas bill with a one-time grant of up to $500. The company's contribution to the Gas Assistance Fund in the 2022-2023 grant cycle was the largest in the fund's 40-year history. The Gas Assistance Fund is a joint effort between SoCalGas and United Way of Greater Los Angeles. Working with non-profit organizations throughout SoCalGas's service territory, United Way of Greater Los Angeles helps income-qualified customers pay their natural gas bill with a one-time grant of up to $400 per household, up from $100 last year. If the eligible applicant or a household member is age 55 or older, an additional $100 is available - for a maximum grant of up to $500. Since the fund's expansion, the average grant per household has been approximately $300. Full guidelines for qualification can be found at socalgas.com/GAF. "Through a record $6 million donation to SoCalGas's Gas Assistance Fund, over 10,000 families have applied and benefited from grants of up to $500 to help pay their gas bills. However, funds remain. To reach more customers who might need assistance with paying their bills, we expanded the eligibility requirements and encourage customers to visit our website to see if they now qualify," said Gillian Wright, Senior Vice President and Chief Customer Officer. "We also offer useful resources on energy conservation, assistance programs to manage energy consumption, and make energy-efficient home improvements to help lower customer bills." "Since 1983, the Gas Assistance Fund has helped over 240,000 Californians facing financial hardship afford basic necessities," said Elise Buik, President & CEO at United Way of Greater Los Angeles . "With SoCalGas's large contribution this year, United Way has dramatically expanded our reach to help thousands of individuals, older adults, and families across our region." "The expanded grants have been able to make a meaningful impact in the families we serve," said Amy Zhao, Program Manager at Chinatown Service Center, a non-profit organization that assists customers with participation in the program. "Gas Assistance Fund grants play a crucial role in sparing our community from the agonizing decision of prioritizing between feeding their families or covering essential utility expenses." "Thanks to the partnership between SoCalGas and United Way of Greater Los Angeles, families have an opportunity to receive funds that ensure access to an essential utility," said Senator Steven Bradford. " Six million dollars is a huge commitment to the community, and it's great to see these two organizations come together and make a difference in the lives of some of our most vulnerable neighbors." In addition to the Gas Assistance Fund, SoCalGas offers other programs that can help qualified customers save money on their monthly gas bills. The Medical Baseline Allowance provides qualified customers additional natural gas at the baseline rate and the California Alternative Rates for Energy (CARE) program can help eligible customers save 20% on their monthly gas bills. The free Ways to Save tool may also help customers find ways to save on natural gas bills, with a personalized savings plan that offers a household energy analysis, customized energy-efficiency recommendations, bill comparisons, and energy usage comparisons. Customers can also sign up for Bill Tracker Alerts to monitor gas consumption and take steps to reduce usage to avoid surprises on their bills. To see more programs that can help customers save money and energy, visit https://www.socalgas.com/save-money-and-energy. For more information about the Gas Assistance Fund, visit socalgas.com/GAF. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest r ates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P. I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Sempra CEO details strategy for growth on CNBC
In an interview in Los Angeles with CNBC host Jim Cramer, Jeffrey Martin spoke about Sempra’s three growth platforms, record $40 billion capital plan, ESG leadership and commitment to the service of others. Sempra’s decision to simplify its business model to focus on developing energy infrastructure in some of the most attractive markets in North America is one reason the company is successful today, Jeffrey W. Martin, chairman and chief executive officer of Sempra, told Jim Cramer on CNBC’s “Mad Money” this week. “By narrowing our business strategy and improving our capital discipline, it is paying dividends,” Martin said. “Over the last three years, we returned $5 billion to our owners in the form of share repurchases and dividends, while growing our adjusted earnings per share at roughly 10% annually.” Today, that same strategy supports a record $40 billion, five-year capital plan, which includes underlying rate base growth at the company’s utilities of 9% annually through 2027. “When you put that level of projected capital spending and growth together with the company’s current dividend yield of 3.2% — it creates what is potentially a very attractive growth and income opportunity for investors,” said Martin. With the recent release of Sempra’s 15th annual Corporate Sustainability Report, Cramer also asked Martin about the company’s success in advancing sustainable business practices. “What we’re trying to do is help America decarbonize the energy grid here at home and make sure, in foreign countries, as they adopt renewables and cleaner forms of energy, they can use complimentary fuels like natural gas to help them decarbonize more quickly,” said Martin. “ Hydrogen is also expected to become a feedstock for industry and heavy-duty transportation. In the future, we think it’s going to be an important fuel source for our country.” Closing the interview, Cramer asked Martin about his service in the U.S. Army. “A lot of people focus on the discipline, teamwork and higher levels of responsibility that come with military service, but the key takeaway for me was the opportunity to serve an ideal greater than myself — it was an honor to work alongside so many incredible men and women from diverse backgrounds and all walks of life who shared a common love of country and purpose,” said Martin, a West Point graduate. “That same common purpose can be seen at Sempra as 20,000 talented employees work together to support our mission to build the leading energy infrastructure company in North America. To do that we have made a strong commitment to be a leader in sustainability and to invest in innovation and new technologies to better serve our stakeholders.” This article contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this article. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this article, forward-looking statements can be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “contemplates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “construct,” “develop,” “opportunity,” “initiative,” “target,” “outlook,” “optimistic,” “poised,” “maintain,” “continue,” “progress,” “advance,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of third parties; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to the energy industry in Mexico; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; the impact on affordability of San Diego Gas & Electric Company’s (SDG&E) and Southern California Gas Company’s (SoCalGas) customer rates and their cost of capital and on SDG&E’s, SoCalGas’ and Sempra Infrastructure’s ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E’s and SoCalGas’ businesses, the cost of the clean energy transition in California, (iii) with respect to SDG&E’s business, departing retail load resulting from additional customers transferring to Community Choice Aggregation and Direct Access, and (iv) with respect to Sempra Infrastructure’s business, volatility in foreign currency exchange rates; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC’s (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor’s independent directors or a minority member director; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC’s website, sec.gov, and on Sempra’s website. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
Sempra Ranked No. 1 Employer for Diversity Among U.S. Utilities by DiversityInc
Ranked fourth in the nation among regional employers for diversity Named among the Top Companies for Philanthropy by DiversityInc SAN DIEGO, May 23, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named the top-ranked utility company in the U.S. for diversity, beating out its peers to earn the No. 1 spot on DiversityInc's Top Utilities list for 2023. Recognized as an industry leader for its commitment to cultivating an inclusive and high-performance culture and for its dedication to advancing programs that support historically underrepresented communities, Sempra also earned spots on DiversityInc's Top Regional Employers and Top Companies for Philanthropy lists. The rankings are based on six key areas of workplace fairness: Human capital, leadership accountability, talent development, workforce practices, supplier diversity and philanthropy. "For 25 years, our high-performance culture has brought together employees of different backgrounds, perspectives and ideas with a shared goal of delivering energy with purpose," said Mitch Mitchell, senior vice president of diversity and community partnerships for Sempra. "We believe that the diversity of our workforce empowers the Sempra family of companies to better serve our consumers and the communities in which we operate, while also benefitting our shareholders and other stakeholders." By the Numbers Sempra is dedicated to building a high-performance culture enriched by the diverse backgrounds and lived experiences of its employees. In 2022, people of color made up nearly 60% of the U.S.-based workforce and women represented 34% of leadership across the Sempra family of companies. The company also consistently provides opportunities to promote diversity and inclusion among its employees through direct engagement, employee resource groups and enterprise-wide events covering topics such as allyship in action and mental health awareness. Sempra's diverse and inclusive environment also extends to the communities it serves. In 2022, the company provided $40 million in community giving through the Sempra family of companies and the Sempra Foundation. Additionally, Sempra's California and Texas utilities in 2022 purchased more than $2.4 billion in goods and services from businesses owned by women, minorities, service-disabled veterans and members of the LGBTQ+ community, representing about 30% of total supplier spend. Learn more about Sempra's inclusive and high-performance culture in its 2022 Corporate Sustainability Report. About the Top 50 Companies for Diversity List The Top 50 Companies for Diversity List has been published annually since 2001. Conducted by Fair360, the list aims to educate the workforce about workplace fairness, equity and inclusion. The list is compiled based on company-provided data that covers leadership accountability, human capital diversity metrics, talent programs, workplace practices, supplier diversity and philanthropy for judges to review. "Since 2001, the DiversityInc Top 50 survey has become the external validator for large U.S. employers committed to promoting fairness," said Carolynn Johnson, CEO of DiversityInc. "These rankings represent evidence-based, superior human capital outcomes achieved only by data transparency and an unwavering commitment to workplace fairness for everyone." About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor's Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. SOURCE Sempra
SoCalGas Highlights Several Milestones Advancing the Company's ASPIRE 2045 Sustainability Strategy in 2022 Corporate Sustainability Report
The report highlights the progress SoCalGas has made to accelerate the transition to clean energy, improve local air quality, increase clean energy access and affordability, and advance a diverse, equitable, and inclusive culture while achieving world class safety. LOS ANGELES, May 23, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today published its section of parent company Sempra's 2022 Corporate Sustainability Report detailing SoCalGas' dedication towards advancing the clean energy transition, environmental benefits, social equity, as well as the safety and well-being of its customers, employees, and the communities it serves. SoCalGas' ASPIRE 2045 sustainability strategy also closely aligns with Sempra's key sustainability pillars: enabling the energy transition, driving resilient operations, championing people, and achieving world-class safety. "Every Californian deserves a clean, affordable, safe, and resilient energy future and our ASPIRE 2045 sustainability strategy sets the path to achieve that future through innovation, collaboration and decarbonization," says Jawaad Malik, chief strategy, and sustainability officer at SoCalGas. "Over the last year, our progress continues to drive better business outcomes, create new opportunities for our skilled employees, and build stronger and more resilient communities across our service territory." Enabling the Energy Transition In support of enabling the energy transition, SoCalGas announced its proposal to develop Angeles Link, an energy transportation infrastructure system that could deliver reliable clean renewable hydrogen to the Los Angeles Basin for use in heavy-duty transportation, industrial processes, electric generation and other "hard-to-electrify" sectors of the Southern California economy. Additionally, SoCalGas unveiled the [H2] Innovation Experience that is constructed to Leadership in Energy and Environmental Design (LEED) Platinum standards and demonstrates how a renewable hydrogen microgrid can provide a resilient and reliable source of power. This technology could allow neighborhoods to operate independently from electric grids that may subject customers to power loss or interruptions in service on days when grid reliability is compromised by heatwaves, wildfires, rain, persistent cloud cover, and other types of severe weather or equipment failure. "As we work toward achieving California's ambitious clean energy goals, SoCalGas' forward-thinking solutions, at scale and in collaboration with state and federal partners, offer real promise on paving the way for the essential role clean energy sources like hydrogen will play in meeting future energy demand," says Senator Josh Newman (D-Fullerton). "As we make the necessary plans and investments in the infrastructure for a clean energy economy, innovative solutions like the ones under development at SoCalGas can breathe new life into existing infrastructure systems, helping our state decarbonize affordably while providing Californians the energy supply necessary to power one of the world's largest and most dynamic economies." In 2022, SoCalGas also became the first gas-only utility in the U.S. to issue green bonds in a public offering. Following Sempra's Sustainable Financing Framework, SoCalGas raised $600 million in bonds to support specified projects within its sustainability initiatives. The net proceeds from the fixed-rate green bonds will finance and/or refinance sustainability investments in pollution prevention and control, green buildings, and clean transportation. Driving Resilient Operations An effort that both enables the energy transition and drives resilient operations is SoCalGas' investments in leak detection technologies, which meaningfully advance methane emissions reductions. SoCalGas reduced methane emissions by 37% through 2021 – exceeding the state's goal of a 20% reduction by 2025 and nearing the state's goal of a 40% reduction by 2030. Additionally, as of the end of 2022, 36% of the company's over-the-road fleet are alternative fuel vehicles. The company has an interim goal to convert 50% of its fleet to zero emissions vehicles by 2025 and aims to reach 100% zero emissions vehicles by 2035. SoCalGas is also using renewable power from the grid at eligible facilities, underscoring its aim to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045. Championing People SoCalGas aims to increase diversity, equity, and inclusion in the workplace and in the communities it serves. In 2022, SoCalGas purchased over $1 billion or nearly 43% of all goods and services, from minority, women, service-disabled veteran, and LGBT owned businesses, collaborating with 578 diverse businesses in total, with the majority of those firms based in California. "SoCalGas' investments are vital to the health and longevity of our local communities their guidance provides clarity to the everyday obstacles that underserved small businesses face," says Gene Hale , chairman for the Greater Los Angeles African Chamber of Commerce. "We are grateful for the resources, assistance, and pathway to long term economic success that SoCalGas provides which are essential for a sustainable future." SoCalGas also partners with organizations like the Utility Workers Union of America to train veterans and invests in community grant programs that provide underserved populations with technical trainings and customer service skills. As part of SoCalGas' Equity Action Plan, the company launched Employee Resource Groups (ERGs), which are voluntary, employee-led groups that fosters diversity and inclusion, professional development support, and a sense of community. Achieve World Class Safety SoCalGas describes its pipeline fiber optic technology pilot program, which demonstrates how monitoring the environment to detect changes in temperature, movement and sound can provide early detection, mitigation, and prevention of potential damage to pipeline infrastructure, while enhancing public safety, especially for the workers who operate and maintain it. Read the full 2022 Corporate Sustainability Report here. For more information on SoCalGas' transformation and support of California's clean energy goals, read our ASPIRE 2045 Sustainability Strategy here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

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*As of December 31, 2025. Numbers may be approximate.

Sempra Infrastructure Partners and its subsidiaries, and the Sempra Texas utilities (Oncor and Sharyland Utilities) are not the same companies as the Sempra California utilities, SDG&E or SoCalGas, nor are they regulated by the California Public Utilities Commission (CPUC).