Skip to main content

We use cookies, pixels, and similar tools (“cookies”), some provided by third parties, to operate, improve, and personalize content and ads on our and other sites, and to enable and optimize site functionality. We and these third-parties may monitor, record, and access your data, including IP address and other identifiers, for these and similar purposes. More info: Privacy Policy. By browsing the site, you agree to our TERMS & CONDITIONS and to the use of these cookies and the collection/disclosure of your information by us and third-parties.

Sempra
  • Investors
    • Overview
    • Investor news
    • Financials & filings
    • Corporate governance
      • Code of conduct
      • Political engagement & contributions
      • W9 tax forms
    • Stock information
    • Investor resources
  • Careers
    • Overview
    • Open positions
    • Benefits
  • Newsroom
    • Overview
    • Media contacts
    • Press releases
    • Spotlight articles
    • Email Alerts
  • SRE: ()
  • Our business
    • Overview
    • Mission & values
    • Recognition & awards
    • Reliability & resilience
    • Sustainability
      • Sustainable financing
      • Sustainability resource library
  • Who we serve
    • Overview
    • Texas
    • California
    • Community giving
  • Our team
    • Overview
    • Board of directors
    • Leadership team
    • Meet our CEO
Displaying results 601 - 615 of 1204
Sempra Energy And Sempra Energy Foundation To Support Winter Storm Relief In Texas
SAN DIEGO, Feb. 26, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the Sempra Energy Foundation is pledging $1 million to assist communities in Texas recovering from the unprecedented winter storm that blanketed the state. This builds on a $250,000 donation by Sempra Energy for food relief in Houston and Southeast Texas and will bolster a $1 million donation by Oncor Electric Delivery Company LLC (Oncor), of which Sempra Energy is a majority owner, to community organizations within its service territory. "As Texans across the state continue to navigate the effects of the recent winter storm, we are in close contact with community leaders to address some of their most immediate and critical needs," said Lisa Alexander, senior vice president of corporate affairs for Sempra Energy and board chair of the Sempra Energy Foundation. "At Sempra Energy and the Sempra Energy Foundation, we are committed to the communities where we operate and are proud to support organizations that are working diligently to provide relief to our community members." Together, the funds will help speed the distribution of much-needed resources, such as food, water and repairs for those who have been greatly affected by the severe weather and its ensuing impacts. Sempra Energy has already funded a combined $250,000 to the Greater Houston Food Bank, Greater Port Arthur Food Bank and Southeast Texas Food Bank, while the Sempra Energy Foundation is engaging with community partners in Texas to help identify additional areas of need for funds distribution. "Beyond Oncor's previously announced commitment of $1 million to help those affected by the recent severe winter storms, this additional support from the Sempra Energy Foundation will further enable communities within our service area to lean on local organizations for assistance as they look to recover in the aftermath of this devastating winter freeze," said Debbie Dennis, chief customer officer and senior vice president for Oncor. "Oncor has a long-standing commitment of working to help our communities thrive in the face of many challenges and this moment is especially significant given all that our region has faced in the last year. We appreciate the Sempra Energy Foundation stepping forward with even more support." Since 2018, Sempra Energy and the Sempra Energy Foundation have committed nearly $4 million to nonprofit organizations providing services throughout Texas. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. The Sempra Energy family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the biggest energy networks in North America serving some of the largest economies in the world. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market it serves, including California, Texas, Mexico and the LNG export market. Sempra Energy is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture and advancing diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine for the fourth consecutive year. About the Sempra Energy Foundation The Sempra Energy Foundation is a 501(c)(3) private foundation based in San Diego. The foundation was founded by Sempra Energy. The Sempra Energy Foundation is committed to making a difference through partnerships that produce sustainable and responsible change. Over time, the foundation has invested in communities where Sempra Energy employees live and work, responded to a wide range of natural disasters, and encouraged community collaboration. About Oncor Electric Delivery Company Headquartered in Dallas, Oncor Electric Delivery Company LLC is a regulated electricity distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor (together with its subsidiaries) operates the largest distribution and transmission system in Texas, delivering power to more than 3.7 million homes and businesses and operating more than 139,000 miles of transmission and distribution lines in Texas. While Oncor is owned by two investors (indirect majority owner, Sempra Energy, and minority owner, Texas Transmission Investment LLC), Oncor is managed by its Board of Directors, which is comprised of a majority of disinterested directors. SOURCE Sempra Energy
Sempra Energy Delivers Strong Full-Year 2020 Financial And Operational Results
SAN DIEGO, Feb. 25, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced full-year 2020 earnings of $3.76 billion, or $12.88 per diluted share, compared to full-year 2019 earnings of $2.06 billion, or $7.29 per diluted share. On an adjusted basis, the company's full-year 2020 earnings were $2.35 billion, or $8.03 per diluted share, compared to $1.91 billion, or $6.78 per diluted share, in 2019. In the fourth quarter of 2020, Sempra Energy reported earnings of $414 million, or $1.43 per diluted share, compared to $447 million, or $1.55 per diluted share, in the fourth quarter of 2019. On an adjusted basis, fourth quarter 2020 earnings were $553 million, or $1.90 per diluted share. There were no adjustments made to fourth quarter 2019 earnings. "Our strong financial results in 2020 reflect the continued growth in our business and are a credit to our talented workforce and investments in a high-performing culture," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "As the owner of one of the largest energy networks in North America, we have set a goal of being a leader in transitioning to a lower-carbon future by enabling the delivery of cleaner energy solutions in every market we serve. We envision critical new investments in energy infrastructure playing a vital role in reaching a net-zero energy future, promoting growth across all sectors of the economy and supporting a thriving energy industry." The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for the fourth quarter and full-year 2020 and 2019. Three months ended Years ended December 31, December 31, (Dollars, except EPS, and shares, in millions) 2020 2019 2020 2019 (Unaudited) GAAP Earnings $ 414 $ 447 $ 3,764 $ 2,055 Gain on Sale of South American Businesses - - (1,747) - Impacts Associated with Aliso Canyon Litigation and Regulatory Matters 139 - 233 - Losses from Investment in RBS Sempra Commodities LLP - - 100 - Tax Impacts from Holding the South American Businesses for Sale - - - (99) Gain on Sale of Certain Renewables Assets - - - (45) Adjusted Earnings (1) $ 553 $ 447 $ 2,350 $ 1,911 GAAP Diluted Weighted-Average Common Shares Outstanding 290 289 292 282 GAAP Earnings Per Diluted Common Share $ 1.43 $ 1.55 $ 12.88 $ 7.29 Adjusted Diluted Weighted-Average Common Shares Outstanding (1) 290 289 306 282 Adjusted Earnings Per Diluted Common Share (1),(2) $ 1.90 $ 1.55 $ 8.03 $ 6.78 1) Represents a non-GAAP financial measure (GAAP represents accounting principles generally accepted in the United States of America). See Table A for information regarding non-GAAP financial measures. 2) To calculate Full-Year 2020 Adjusted Earnings-Per-Common-Share (EPS), preferred dividends of $104 million are added back to Adjusted Earnings because of the dilutive effect of Series A mandatory convertible preferred stock. Declaring Dividends and Raising Annualized Common Stock Dividend This week, Sempra Energy's board of directors declared a $1.10 per share quarterly dividend on the company's common stock, which is payable April 15, 2021 to common stock shareholders of record as of March 25, 2021. The declared quarterly dividend represents an increase of the company's common stock dividend to $4.40 per share, on an annualized basis, from $4.18 per share in 2020. Over the past decade, we have increased our dividend at a compound annual growth rate of approximately 9% and today's announcement demonstrates the company's continued commitment to generating value for shareholders, while also reinvesting in the future growth of the business. Sempra Energy's board of directors also declared a quarterly dividend of $1.6875 per share on the company's 6.75% Mandatory Convertible Preferred Stock, Series B. Additionally, the board of directors declared a semi-annual dividend of $24.375 per share on Sempra Energy's 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C. The preferred stock dividends will be payable April 15, 2021 to preferred stock shareholders of record as of April 1, 2021. Continuing Strong Growth at U.S. Utilities In combination, San Diego Gas & Electric Co. (SDG&E), Southern California Gas Co. (SoCalGas) and Oncor Electric Delivery Company LLC (Oncor) own and operate some of the largest energy networks in the United States and are expected to play a critical role in delivering lower-carbon energy to the communities they serve, while continuing to invest in safety advancements and clean technologies to help maintain resiliency and reliability. Our U.S. Utilities platform has continued to deliver stable cash flows, improved earnings visibility, and strong organic growth. In 2020, Sempra Energy deployed record capital of approximately $7 billion which was primarily centered on safety and reliability investments at SDG&E, SoCalGas and Oncor. In 2021 to 2025, Sempra Energy's $32 billion capital plan is anchored by continued investments in the company's U.S. Utilities platform with a focus on safety, reliability and decarbonizing the energy system. Compared to Sempra Energy's prior capital plan, the company has increased U.S. Utilities capital in 2021-2022 by approximately $1.1 billion. In Texas, Oncor has restored power and repaired damages following the unprecedented winter storm that impacted many residents in the state last week. While the severe weather has highlighted the importance of critical energy infrastructure, it also demonstrates the vital role Oncor continues to play in meeting the growing needs of Texas' economy through the execution of its 2021-2025 capital plan. In 2020, Oncor connected approximately 77,000 new premises, exceeding its connections in 2019 by about 20%, which is the highest organic growth in Oncor's history. Oncor also set a company record for new generation interconnection requests it received in 2020, driven by strong development activity in utility-scale generation, with a focus on the renewable and battery storage markets. Additionally, Oncor completed six major transmission projects in West Texas totaling approximately 260 circuit miles and approximately $300 million of investment. Advancing Sempra Infrastructure Partners Transactions Sempra Energy continues to make progress on a series of integrated transactions announced in December 2020, intended to simplify its energy infrastructure investments under a common platform – Sempra Infrastructure Partners. The company plans to complete the stock-for-stock exchange offer for the publicly traded shares of Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) and close the sale of a non-controlling interest in Sempra Infrastructure Partners in the second quarter of 2021. The exchange offer and sale of a non-controlling interest are advancing independently and are not contingent upon the timing of the other transaction. "With increased scale and a strong growth pipeline, Sempra Infrastructure Partners will be well-positioned to help lead the global energy transition," said Martin. "Moreover, we expect the transaction to support an investment grade balance sheet to support the company's future growth." By simplifying the ownership structure of Sempra LNG and IEnova under Sempra Infrastructure Partners, the company is expected to create additional value for Sempra Energy investors. Progressing LNG Infrastructure Investments In November 2020, ECA Liquefaction (ECA LNG), a joint venture between Sempra LNG and IEnova, reached a final investment decision (FID) for the development, construction and operation of the ECA LNG Phase 1 natural gas liquefaction-export project in Baja California, Mexico. ECA LNG Phase 1 is the only liquefied natural gas (LNG) export project in the world to reach FID in 2020. Estimated capital expenditures for ECA LNG Phase 1 are approximately $2 billion. Sempra expects to fund the project with a combination of equity contributions and debt. First LNG production from ECA LNG Phase 1 is expected in late 2024. Additionally, an affiliate of Total SE has secured a 16.6% equity stake in ECA LNG Phase 1, while Sempra LNG and IEnova have each retained 41.7% ownership. Building Sustainable Value Sempra Energy's strong results are underpinned by a commitment to environmental, social and governance matters. The company's recent recognition includes: Fortune Magazine's "World's Most Admired Companies" for 2021; Dow Jones Sustainability World Index, as the only North American utility sector company on the list; Dow Jones Sustainability North American Index; Bloomberg Gender-Equality Index for 2021; Human Rights Campaign's "Best Place to Work for LGBTQ Equality;" Center for Political Accountability-Zicklin Index – Trendsetter in political disclosure practices and accountability for 2020; Chief Executive of the Year at S&P Global Platts' Global Energy Awards; Deal of the Year at S&P Global Platts' Global Energy Awards for the divestiture of the company's South American assets; and National Association of Corporate Directors' NXT Award for excellence in diversity and inclusion. Earnings Guidance As a result of Sempra Energy's continued financial execution, the company is reaffirming its full-year 2021 EPS guidance range of $7.50 to $8.10. Non-GAAP Financial Measures Non-GAAP financial measures include Sempra Energy's adjusted earnings, adjusted EPS and adjusted diluted weighted-average common shares outstanding. See Table A for additional information regarding these non-GAAP financial measures. Internet Broadcast Sempra Energy will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. ET with senior management of the company. Access is available by logging onto the website at www.sempra.com. For those unable to log on to the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 2095631. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. The Sempra Energy family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the biggest energy networks in North America serving some of the largest economies in the world. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market it serves, including California, Texas, Mexico and the LNG export market. Sempra Energy is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture and advancing diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine for the fourth consecutive year. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; the impact of the COVID-19 pandemic on our capital projects, regulatory approval processes, supply chain, liquidity and execution of operations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; moves to reduce or eliminate reliance on natural gas and the impact of volatility of oil prices on our businesses and development projects; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on the company's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SEMPRA ENERGY Table A CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts; shares in thousands) Three months ended December 31, Years ended December 31, 2020 2019 2020 2019 (unaudited) REVENUES Utilities $ 2,826 $ 2,640 $ 10,025 $ 9,448 Energy-related businesses 345 303 1,345 1,381 Total revenues 3,171 2,943 11,370 10,829 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (343) (350) (925) (1,139) Cost of electric fuel and purchased power (269) (259) (1,187) (1,188) Energy-related businesses cost of sales (76) (79) (276) (344) Operation and maintenance (1,174) (951) (3,940) (3,466) Aliso Canyon litigation and regulatory matters (180) — (307) — Depreciation and amortization (424) (395) (1,666) (1,569) Franchise fees and other taxes (146) (127) (543) (496) Impairment losses — — (1) (43) (Loss) gain on sale of assets (3) — (3) 63 Other income (expense), net 115 (26) (48) 77 Interest income 20 23 96 87 Interest expense (263) (280) (1,081) (1,077) Income from continuing operations before income taxes and equity earnings 428 499 1,489 1,734 Income tax expense (189) (165) (249) (315) Equity earnings 193 95 1,015 580 Income from continuing operations, net of income tax 432 429 2,255 1,999 Income from discontinued operations, net of income tax — 71 1,850 363 Net income 432 500 4,105 2,362 Losses (earnings) attributable to noncontrolling interests 29 (18) (172) (164) Preferred dividends (47) (35) (168) (142) Preferred dividends of subsidiary — — (1) (1) Earnings attributable to common shares $ 414 $ 447 $ 3,764 $ 2,055 Basic earnings per common share (EPS): Earnings $ 1.43 $ 1.57 $ 12.93 $ 7.40 Weighted-average common shares outstanding 289,009 284,649 291,077 277,904 Diluted EPS: Earnings $ 1.43 $ 1.55 $ 12.88 $ 7.29 Weighted-average common shares outstanding 290,216 288,767 292,252 282,033 SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY ADJUSTED EARNINGS TO SEMPRA ENERGY GAAP EARNINGS (Unaudited) Sempra Energy Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2020 and 2019 as follows: Three months ended December 31, 2020: $(139) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at Southern California Gas Company (SoCalGas) Year ended December 31, 2020: $(233) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(100) million equity losses at RBS Sempra Commodities LLP, which represent an estimate of our obligations to settle pending tax matters and related legal costs at our equity method investment at Parent and Other $1,747 million gain on the sale of our South American businesses Year ended December 31, 2019: $45 million gain on the sale of certain Sempra Renewables assets Associated with holding the South American businesses for sale: $89 million income tax benefit from outside basis differences in our South American businesses primarily related to the change in our indefinite reinvestment assertion from our decision in January 2019 to hold those businesses for sale and a change in the anticipated structure of the sale $10 million income tax benefit to reduce a valuation allowance against certain net operating loss (NOL) carryforwards as a result of our decision to sell our South American businesses Sempra Energy Adjusted Earnings, Weighted-Average Common Shares Outstanding – Adjusted and Adjusted EPS are non-GAAP financial measures (GAAP represents accounting principles generally accepted in the United States of America). Because of the significance and/or nature of the excluded items, management believes that these non-GAAP financial measures provide a meaningful comparison of the performance of Sempra Energy's business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra Energy GAAP Earnings, Weighted-Average Common Shares Outstanding – GAAP and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS (Dollars in millions, except per share amounts; shares in thousands) Pretax amount Income tax (benefit) expense(1) Earnings Pretax amount Income tax expense (benefit)(1) Earnings Three months ended December 31, 2020 Three months ended December 31, 2019 (unaudited) Sempra Energy GAAP Earnings $ 414 $ 447 Excluded item: Impacts associated with Aliso Canyon litigation and regulatory matters $ 180 $ (41) 139 $ — $ — — Sempra Energy Adjusted Earnings $ 553 $ 447 Diluted EPS: Weighted-average common shares outstanding, diluted – GAAP 290,216 288,787 Sempra Energy GAAP EPS $ 1.43 $ 1.55 Sempra Energy Adjusted EPS $ 1.90 Year ended December 31, 2020 Year ended December 31, 2019 Sempra Energy GAAP Earnings $ 3,764 $ 2,055 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters $ 307 $ (74) 233 $ — $ — — Losses from investment in RBS Sempra Commodities LLP 100 — 100 — — — Gain on sale of South American businesses (2,899) 1,152 (1,747) — — — Gain on sale of certain Sempra Renewables assets — — — (61) 16 (45) Associated with holding the South American businesses for sale: Change in indefinite reinvestment assertion of basis differences and structure of sale of discontinued operations — — — — (89) (89) Reduction in tax valuation allowance against certain NOL carryforwards — — — — (10) (10) Sempra Energy Adjusted Earnings $ 2,350 $ 1,911 Diluted EPS: Sempra Energy GAAP Earnings $ 3,764 $ 2,055 Weighted-average common shares outstanding, diluted – GAAP 292,252 282,033 Sempra Energy GAAP EPS $ 12.88 $ 7.29 Sempra Energy Adjusted Earnings $ 2,350 $ 1,911 Add back dividends for dilutive series A preferred stock 104 — Sempra Energy Adjusted Earnings for Adjusted EPS $ 2,454 $ 1,911 Weighted-average common shares outstanding, diluted – Adjusted (2) 305,669 282,033 Sempra Energy Adjusted EPS $ 8.03 $ 6.78 (1) Except for adjustments that are solely income tax and tax related to outside basis differences, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income tax benefit for the equity losses from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction will reduce United Kingdom taxes. (2) In the year ended December 31, 2020, because the assumed conversion of the series A preferred stock is dilutive for Adjusted Earnings, 13,417 series A preferred stock shares are added back to the denominator used to calculate Adjusted EPS. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY 2020 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA ENERGY 2020 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra Energy 2020 Adjusted EPS Guidance Range of $7.20 to $7.80 excludes items (after the effects of income taxes and, if applicable, noncontrolling interests) as follows: $(233) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(100) million equity losses at RBS Sempra Commodities LLP, which represent an estimate of our obligations to settle pending tax matters and related legal costs at our equity method investment at Parent and Other $1,747 million gain on the sale of our South American businesses Sempra Energy 2020 Adjusted EPS Guidance Range is a non-GAAP financial measure. Because of the significance and/or nature of the excluded items, management believes that this non-GAAP financial measure provides a meaningful comparison of the performance of Sempra Energy's business operations to prior and future periods. Sempra Energy 2020 Adjusted EPS Guidance Range should not be considered an alternative to Sempra Energy 2020 GAAP EPS Guidance Range. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra Energy 2020 Adjusted EPS Guidance Range to Sempra Energy 2020 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE Full-Year 2020 Sempra Energy GAAP EPS Guidance Range (1) $ 12.02 to $ 12.62 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters 0.80 0.80 Losses from investment in RBS Sempra Commodities LLP 0.34 0.34 Gain on sale of South American businesses (5.96) (5.96) Sempra Energy Adjusted EPS Guidance Range $ 7.20 to $ 7.80 Weighted-average common shares outstanding, diluted (millions) (2) 293 (1) Sempra Energy's prior GAAP EPS Guidance Range for full-year 2020 has been updated to reflect additional impacts associated with the Aliso Canyon natural gas storage facility litigation and regulatory matters. (2) Weighted-average common shares outstanding does not include the dilutive effect of mandatory convertible preferred stock, as they are assumed to be antidilutive for full-year 2020. If such mandatory convertible preferred stock were dilutive for the full year, the 2020 GAAP EPS Guidance Range would differ from the range presented above. SEMPRA ENERGY Table B CONSOLIDATED BALANCE SHEETS (Dollars in millions) December 31, 2020 2019 ASSETS Current assets: Cash and cash equivalents $ 960 $ 108 Restricted cash 22 31 Accounts receivable – trade, net 1,578 1,261 Accounts receivable – other, net 403 455 Due from unconsolidated affiliates 20 32 Income taxes receivable 113 112 Inventories 308 277 Regulatory assets 190 222 Greenhouse gas allowances 553 72 Assets held for sale in discontinued operations — 445 Other current assets 364 324 Total current assets 4,511 3,339 Other assets: Restricted cash 3 3 Due from unconsolidated affiliates 780 742 Regulatory assets 1,822 1,930 Nuclear decommissioning trusts 1,019 1,082 Investment in Oncor Holdings 12,440 11,519 Other investments 1,388 2,103 Goodwill 1,602 1,602 Other intangible assets 202 213 Dedicated assets in support of certain benefit plans 512 488 Insurance receivable for Aliso Canyon costs 445 339 Deferred income taxes 136 155 Greenhouse gas allowances 101 470 Right-of-use assets – operating leases 543 591 Wildfire fund 363 392 Assets held for sale in discontinued operations — 3,513 Other long-term assets 753 732 Total other assets 22,109 25,874 Property, plant and equipment, net 40,003 36,452 Total assets $ 66,623 $ 65,665 SEMPRA ENERGY Table B (Continued) CONSOLIDATED BALANCE SHEETS (CONTINUED) (Dollars in millions) December 31, 2020 2019 LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 885 $ 3,505 Accounts payable – trade 1,359 1,234 Accounts payable – other 154 179 Due to unconsolidated affiliates 45 5 Dividends and interest payable 551 515 Accrued compensation and benefits 446 476 Regulatory liabilities 140 319 Current portion of long-term debt and finance leases 1,540 1,526 Reserve for Aliso Canyon costs 150 9 Greenhouse gas obligations 553 72 Liabilities held for sale in discontinued operations — 444 Other current liabilities 1,016 866 Total current liabilities 6,839 9,150 Long-term debt and finance leases 21,781 20,785 Deferred credits and other liabilities: Due to unconsolidated affiliates 234 195 Pension and other postretirement benefit plan obligations, net of plan assets 1,059 1,067 Deferred income taxes 2,871 2,577 Regulatory liabilities 3,372 3,741 Reserve for Aliso Canyon costs 301 7 Asset retirement obligations 3,113 2,923 Greenhouse gas obligations — 301 Liabilities held for sale in discontinued operations — 1,052 Deferred credits and other 2,119 2,062 Total deferred credits and other liabilities 13,069 13,925 Equity: Sempra Energy shareholders' equity 23,373 19,929 Preferred stock of subsidiary 20 20 Other noncontrolling interests 1,541 1,856 Total equity 24,934 21,805 Total liabilities and equity $ 66,623 $ 65,665 SEMPRA ENERGY Table C CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in millions) Years ended December 31, 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 4,105 $ 2,362 Less: Income from discontinued operations, net of income tax (1,850) (363) Income from continuing operations, net of income tax 2,255 1,999 Adjustments to reconcile net income to net cash provided by operating activities 1,042 1,259 Net change in other working capital components (550) (207) Distributions from investments 651 247 Insurance receivable for Aliso Canyon costs (106) 122 Wildfire fund, current and noncurrent — (323) Reserve for Aliso Canyon costs, noncurrent 294 — Changes in other noncurrent assets and liabilities, net 56 (399) Net cash provided by continuing operations 3,642 2,698 Net cash (used in) provided by discontinued operations (1,051) 390 Net cash provided by operating activities 2,591 3,088 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (4,676) (3,708) Expenditures for investments and acquisitions (652) (1,797) Proceeds from sale of assets 19 899 Distributions from investments 761 9 Purchases of nuclear decommissioning trust assets (1,439) (914) Proceeds from sales of nuclear decommissioning trust assets 1,439 914 Advances to unconsolidated affiliates (92) (16) Repayments of advances to unconsolidated affiliates 7 3 Intercompany activities with discontinued operations, net — 8 Other 15 21 Net cash used in continuing operations (4,618) (4,581) Net cash provided by (used in) discontinued operations 5,171 (12) Net cash provided by (used in) investing activities 553 (4,593) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (1,174) (993) Preferred dividends paid (157) (142) Issuances of preferred stock, net 891 — Issuances of common stock, net 11 1,830 Repurchases of common stock (566) (26) Issuances of debt (maturities greater than 90 days) 6,051 4,296 Payments on debt (maturities greater than 90 days) and finance leases (5,864) (3,667) (Decrease) increase in short-term debt, net (1,759) 656 Advances from unconsolidated affiliates 64 155 Proceeds from sale of noncontrolling interests, net 26 5 Purchases of noncontrolling interests (248) (30) Contributions from noncontrolling interests, net 1 98 Intercompany activities with discontinued operations, net — (266) Other (50) (49) Net cash (used in) provided by continuing operations (2,774) 1,867 Net cash provided by (used in) discontinued operations 401 (392) Net cash (used in) provided by financing activities (2,373) 1,475 Effect of exchange rate changes in continuing operations — — Effect of exchange rate changes in discontinued operations (3) 1 Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) 1 Increase (decrease) in cash, cash equivalents and restricted cash, including discontinued operations 768 (29) Cash, cash equivalents and restricted cash, including discontinued operations, January 1 217 246 Cash, cash equivalents and restricted cash, including discontinued operations, December 31 $ 985 $ 217 SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES, INVESTMENTS AND ACQUISITIONS (Dollars in millions) Three months ended December 31, Years ended December 31, 2020 2019 2020 2019 (unaudited) Earnings (Losses) Attributable to Common Shares SDG&E $ 191 $ 185 $ 824 $ 767 SoCalGas 79 204 504 641 Sempra Texas Utilities 121 109 579 528 Sempra Mexico (43) 39 259 253 Sempra LNG 113 (19) 320 (6) Sempra Renewables — — — 59 Parent and other (47) (132) (562) (515) Discontinued operations — 61 1,840 328 Total $ 414 $ 447 $ 3,764 $ 2,055 Three months ended December 31, Years ended December 31, 2020 2019 2020 2019 (unaudited) Capital Expenditures, Investments and Acquisitions SDG&E $ 619 $ 451 $ 1,942 $ 1,522 SoCalGas 498 420 1,843 1,439 Sempra Texas Utilities 423 347 648 1,685 Sempra Mexico 168 204 611 624 Sempra LNG 72 39 272 222 Sempra Renewables — — — 2 Parent and other 6 5 12 11 Total $ 1,786 $ 1,466 $ 5,328 $ 5,505 SEMPRA ENERGY Table D (Continued) RECONCILIATION OF CAPITAL DEPLOYED (Dollars in millions) Years ended December 31, 2020 2019 (unaudited) Sempra Energy Expenditures for property, plant and equipment $ 4,676 $ 3,708 Expenditures for investments and acquisitions 652 1,797 Total Capital Expenditures, Investments and Acquisitions (On Balance Sheet) 5,328 5,505 Exclude: Capital contribution to Oncor for Oncor's acquisition of 100% of InfraREIT and Sempra's acquisition of a 50% indirect interest in Sharyland — (1,162) Acquisition of 1% interest in Texas Transmission Holdings Corporation (TTHC) from Hunt (16) — Total Capital Expenditures and Investments (On Balance Sheet) A 5,312 4,343 Oncor Electric Delivery Company LLC Capital expenditures (100%) 2,540 2,097 Total Capital Expenditures (Off Balance Sheet) 2,540 2,097 Sharyland Utilities Capital expenditures (100%) 5 2 Total Capital Expenditures (Off Balance Sheet) 5 2 Sempra Texas Utilities - Proportionate Ownership Share of Unconsolidated Entities 80.25% of Oncor Electric Delivery Company LLC capital expenditures 2,038 1,683 50% of Sharyland Utilities capital expenditures 3 1 Less: Sempra Texas Utilities investments and acquisitions (On Balance Sheet) (648) (1,685) Add Back: Sempra Texas Utilities acquisitions (On Balance Sheet) (1) 16 1,162 Capital Expenditures, Investments and Acquisitions - Sempra Texas Utilities (Off Balance Sheet) 1,409 1,161 Capital Expenditures - Unconsolidated Joint Ventures at Sempra LNG and Sempra Mexico (Off Balance Sheet) (2) 228 446 Total Capital Expenditures, Investments and Acquisitions of Unconsolidated Entities (Off Balance Sheet) B 1,637 1,607 Total Capital Deployed A+B $ 6,949 $ 5,950 (1) Includes Sempra Energy's acquisition of 1% interest in TTHC from Hunt in 2020 and Sempra Energy's capital contribution to Oncor for Oncor's acquisition of 100% of InfraREIT and Sempra Energy's acquisition of a 50% indirect interest in Sharyland in 2019. (2) Amounts are net of capital contributions from Sempra Energy. 2020 and 2019 includes $146 and $337, respectively, of capex funded by Sempra LNG's unconsolidated JV (Cameron LNG JV) and $82 and $109, respectively, funded by Sempra Mexico's unconsolidated JVs. SEMPRA ENERGY Table E OTHER OPERATING STATISTICS Three months ended December 31, Years ended or at December 31, 2020 2019 2020 2019 (unaudited) UTILITIES SDG&E and SoCalGas Gas sales (Bcf) (1) 98 103 355 374 Transportation (Bcf) (1) 161 149 612 573 Total deliveries (Bcf) (1) 259 252 967 947 Total gas customer meters (thousands) 6,967 6,924 SDG&E Electric sales (millions of kWhs) (1) 3,751 3,601 14,398 14,397 Direct Access and Community Choice Aggregation (millions of kWhs) 952 909 3,482 3,549 Total deliveries (millions of kWhs) (1) 4,703 4,510 17,880 17,946 Total electric customer meters (thousands) 1,483 1,471 Oncor (2) Total deliveries (millions of kWhs) 30,615 30,916 131,157 133,378 Total electric customer meters (thousands) 3,762 3,685 Ecogas Natural gas sales (Bcf) 1 1 3 3 Natural gas customer meters (thousands) 136 132 ENERGY-RELATED BUSINESSES Power generated and sold Sempra Mexico Termoeléctrica de Mexicali (TdM) (millions of kWhs) 729 1,011 2,905 3,873 Wind and solar (millions of kWhs) (3) 420 333 1,724 1,442 (1) Includes intercompany sales. (2) Includes 100% of the electric deliveries and customer meters of Oncor Electric Delivery Company LLC (Oncor), in which we hold an indirect 80.25% interest through our investment in Oncor Electric Delivery Holdings Company LLC. (3) Includes 50% of the total power generated and sold at the Energía Sierra Juárez wind power generation facility, in which Sempra Energy has a 50% ownership interest. SEMPRA ENERGY Table F (Unaudited) STATEMENT OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Three months ended December 31, 2020 SDG&E SoCalGas Sempra Texas Utilities Sempra Mexico Sempra LNG Consolidating Adjustments, Parent & Other Total Revenues $ 1,337 $ 1,501 $ — $ 321 $ 119 $ (107) $ 3,171 Cost of sales and other expenses (813) (1,165) — (173) (118) 81 (2,188) Depreciation and amortization (203) (168) — (48) (2) (3) (424) Loss on sale of assets — — — — — (3) (3) Other income (expense), net 5 (49) — 134 — 25 115 Income (loss) before interest and tax (1) 326 119 — 234 (1) (7) 671 Net interest (expense) income (106) (39) — (24) 12 (86) (243) Income tax (expense) benefit (29) (1) (1) (218) (33) 93 (189) Equity earnings (losses), net — — 122 (63) 134 — 193 Losses attributable to noncontrolling interests — — — 28 1 — 29 Preferred dividends — — — — — (47) (47) Earnings (losses) attributable to common shares $ 191 $ 79 $ 121 $ (43) $ 113 $ (47) $ 414 Three months ended December 31, 2019 SDG&E SoCalGas Sempra Texas Utilities Sempra Mexico Sempra LNG Consolidating Adjustments, Parent & Other Total Revenues $ 1,259 $ 1,383 $ — $ 317 $ 83 $ (99) $ 2,943 Cost of sales and other expenses (705) (847) — (153) (112) 51 (1,766) Depreciation and amortization (189) (153) — (47) (3) (3) (395) Other (expense) income, net (21) (73) — 70 — (2) (26) Income (loss) before interest and tax (1) 344 310 — 187 (32) (53) 756 Net interest expense (99) (36) — (10) (1) (111) (257) Income tax (expense) benefit (60) (70) — (111) 9 67 (165) Equity earnings (losses), net — — 109 (19) 5 — 95 Earnings attributable to noncontrolling interests — — — (8) — — (8) Preferred dividends — — — — — (35) (35) Earnings (losses) from continuing operations $ 185 $ 204 $ 109 $ 39 $ (19) $
Sempra Engineers are Shaping the Future
Across the Sempra family of companies, our strategic focus on technology and innovation powers progress. This is due to the hard work of Sempra engineers whose creativity and work ethic positively impact the communities we serve and help us lead the global energy transition. This National Engineers Week, meet three engineers whose work with hydrogen, liquefied natural gas ( LNG) and community service projects connects communities and empowers the next generation of thoughtful innovators. May Kwan, SoCalGas Engineer on the renewable natural gas and hydrogen engineering strategy team at SoCalGas, May Kwan has played an integral role in building the framework for how hydrogen blending technology will be integrated into existing natural gas systems in California. “Hydrogen blending is one of the clean energy pathways to help California achieve its climate goals,” said Kwan. “Our team is currently working on one of the first residential hydrogen blending demonstration in the country and research projects that will fill knowledge gaps.” Because of the importance of wind and solar energy resources to a lower carbon energy system, SoCalGas is exploring alternative ways to store the energy. A technology known as power-to-gas (P2G) is being deployed throughout the world as a complementary storage solution to batteries. P2G works by taking the electricity generated from solar and wind, combining it with a small amount of water and running it through electrolysis. This process converts the electrical energy into chemical energy, splitting the water molecule into pure hydrogen and oxygen. The hydrogen can either be used as a fuel or it can be blended with natural gas and delivered to customers through the natural gas system. “I am proud to contribute towards SoCalGas’ mission to build the cleanest, safest, and most innovative energy company in America,” said Kwan. Involvement with one of the most innovative corners of the energy industry isn’t without its difficulties. However, finding solutions to difficult questions is what Kwan loves most about her role. “I enjoy performing data analysis and using the results to solve problems and make improvements,” said Kwan. “Using data to collaborate with others to drive improvements makes engineering a fulfilling career for me.” Rob Webber, Sempra Infrastructure Robert Webber is LNG engineering manager for Sempra Infrastructure, responsible for the Phase 1 Energía Costa Azul (ECA) LNG export project in Mexico. Prior to joining the ECA LNG project, Robert was the lead process engineer for the Cameron LNG export facility in Hackberry, Louisiana. “The project I am most proud of is the Cameron LNG project,” said Webber. “It was a very large and complex project and I was fortunate enough to be involved from the very first phase of design all the way through to start-up and performance testing. It was extremely satisfying to see many years of design and planning successfully come to fruition.” Cameron LNG began commercial operations in 2019 and was developed to meet the growing demand for energy around the world with three liquefaction trains to safely process and load LNG supplies onto ships. With many countries still reliant on polluting energy sources such as coal, LNG presents a lower-carbon alternative to aid in the overall global energy transition. With 12 years of professional experience dedicated to the LNG industry, Webber has served in various engineering roles in all phases of project development and construction of natural gas liquefaction plants—giving Webber the chance to make a widespread impact. “My favorite thing about engineering is the constant opportunity to learn new things and work with cutting edge technology to make a genuine impact in the world and on people’s lives. The projects I work on provide energy to thousands, if not millions, of people around the world, which gives me a genuine sense of purpose in what I do.” Jamie Padilla, SDG&E A second-generation Sempra employee, Jamie Padilla is an engineer on the technical analysis team with SDG&E. Her passion for her work not only makes a positive impact toward building SDG&E’s transmission infrastructure, but her positive attitude embodies Sempra’s value of shaping the future. “The word ‘engineering’ naturally gives off feelings associated with difficulty and intensity to the average person,” said Padilla. “Don’t get me wrong, I think engineering can be both those things, but at the end of the day, I believe engineering is just problem solving. My biggest goal in life is to make a positive impact on the world and in the lives of the people I meet, and being an engineer allows me to do that for a living.” Padilla is making a positive impact by mentoring and encouraging young women to pursue STEM (science, technology, engineering and math) careers. “I think it is my responsibility as a successful woman engineer to be a role model for my community. Over the past four-plus years of working at SDG&E, I have done countless outreach events to share my story and to encourage our youth, specifically females, to pursue STEM careers. I have sat on discussion panels and have given presentations to 7-year-olds, 21-year-olds and almost every age group in between. It’s been a very rewarding experience thus far and I am truly grateful to work for a company that is supportive of such an important initiative.” Padilla attests that her mother, Leslie, who worked for SDG&E for 14 years and Sempra Renewables for 20 years as an engineer, served as that positive role model for her — a legacy she is proud to continue. “My mother not only left a lasting impact on the company but, more importantly, on the lives of her co-workers. Sometimes I am nervous to fail, but I am mostly determined to work hard and bring the same passion to my job like she did day in and day out for 34 years.”
SoCalGas Declares Preferred Dividends
LOS ANGELES, Feb. 16, 2021 /PRNewswire/ -- The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on April 15, 2021, to shareholders of record on March 10, 2021. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Op-Ed: A Guiding Light for the Energy Transition
By Jeffrey Martin, Chairman and CEO of Sempra Energy, and Patrick Pouyanné, Chairman and CEO of Total A version of this opinion piece initially appeared on MarketWatch on February 25, 2021. No country was spared by the global pandemic which exposed startling shortcomings within our deeply interconnected world. Like the virus, carbon emissions do not come with a passport. They respect no walls or borders. So, it becomes essential to act with purpose and tackle global emissions through a new, clean energy transition while still solving energy poverty. That is why the U.S.'s decision to rejoin the Paris Agreement is a crucial one. Today, the lack of access to affordable, clean and reliable energy magnifies the human catastrophe and significantly slows global economic and environmental solutions. But we can recover by constructing a thoughtful path to a cleaner, lower-carbon economy that benefits from the evolution of our current energy mix. Our industry and world leaders, led by the European Union and now joined by the new Biden administration, must forge ahead with the urgency our planet demands. Global Solution But, first, we must acknowledge that a complex, global climate challenge requires a global solution. To accelerate this transition, we must advance a coordinated strategy with public and private sectors in every country, including those without energy access, to spur critical investment that expands renewable and liquefied natural gas (LNG) infrastructure on a global scale. It is critical that we approach this transitional challenge with commitment, collaboration and a long-term view. Between now and 2040, areas where energy poverty is prevalent will generate nearly 90% of incremental global electricity demand. This calls for a new sustainable ecosystem that extends access to a 21st century energy system to every country. We know it works. For two decades, the U.S. led the world in successfully reducing energy-related emissions through the widespread adoption of renewable energy and shifting from coal to natural gas. Displacing coal and scaling up renewables are the most cost-effective “quick climate wins” for the developing world that allow those nations to reduce energy poverty and build more sustainable communities. For the adoption of renewables to become more widespread, massive efforts are needed to build and modernize grids as well as to develop more renewables supported with reliable energy storage and natural gas. Diverse Energy Mix Already, markets like California and Texas, where Sempra Energy is the largest owner of energy grids, successfully produce 40% of America’s renewable energy. This underscores our ability to maximize renewables, while also making needed investments in grid reliability with advanced battery storage and natural gas as low-carbon partners. It is not always an easy balance. Extreme weather can challenge resiliency in our energy systems, as we saw across the Midwest and Texas, highlighting the need for adequate baseload generation with weatherization upgrades to offset periods of lower renewable energy production. Diversification of energy portfolios is central to the effort. That is why traditional energy players are dedicating considerable efforts to decarbonization and the expansion of renewables. Total’s recent entry into the U.S. market for utility-scale solar and its investment in domestic solar shows how an oil and gas major can diversify its energy portfolio to achieve net-zero emissions by 2050 or sooner. Renewables, storage and natural gas deployment can also unlock the potential of hydrogen. We are at the forefront of hydrogen production and infrastructure globally, including the largest renewable hydrogen production facility in France powered entirely by solar panels. Hydrogen Development Moreover, hydrogen will further the natural partnership between renewables and an increasingly decarbonized natural gas system. Even the U.N. Economic Commission for Europe has called natural gas infrastructure essential to achieving carbon neutrality by 2050. As we look to transform energy systems worldwide, renewables and LNG infrastructure have the potential to be deployed to support hydrogen development and improved resiliency of low-carbon energy supplies. At this moment in time, we cannot afford to stand at this crossroads and hope for better results. Instead, we must proactively reduce barriers to energy access and coordinate global investment in innovation, renewables, energy storage and LNG infrastructure. President John F. Kennedy once said, "We are not here to curse the darkness, but to light the candle that can guide us through that darkness to a safe and sane future." With bold action, powerful commitment and collective resolve, we can eradicate energy poverty and deliver a cleaner, sustainable energy ecosystem for all.
SoCalGas to Provide Over $1 Million to Fund Research & Development of Hydrogen to Fuel Commercial Transportation
LOS ANGELES, Feb. 8, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today it will provide $1.3 million to fund the development of four hydrogen fuel technologies that could provide emissions-free transportation for railways and at ports in California and around the world. The funding will help bring to market innovative clean hydrogen technologies, including fuel-cell marine vessels, hydrogen refueling stations at ports, and fuel cell locomotives. "SoCalGas is thrilled to support these important hydrogen technology projects," said Neil Navin, vice president of clean energy innovations at SoCalGas. "Projects like these have the potential to create more zero-emissions transportation and reduce the cost of hydrogen fueling infrastructure, consistent with California's climate goals. SoCalGas remains committed to helping California reach these goals and our support of innovative clean fuel projects like these demonstrates that commitment." The four projects were selected for funding through the California Energy Commission's (CEC), Hydrogen Fuel Cell Demonstrations in Rail and Marine Applications at Ports (H2RAM) grant program. In addition to $1.3 million in funding from SoCalGas, the CEC will provide over $10.4 million to fund the research and development of these projects – bringing the total funding to approximately $11.7 million. Project partners include maritime fuel cell maker Golden Gate Zero Emission Marine Inc., research organization Gas Technology Institute (GTI), and non-profit CALSTART. "GTI is proud to partner with SoCalGas on this important project and greatly appreciates their support. This project will use hydrogen to provide zero-emission locomotive operations in a port and a designated disadvantaged community, which directly aligns with GTI's core goals," said Ted Barnes, GTI's research and development director. "As California looks toward advancing our strategies for emissions reductions, transportation applications that use hydrogen and fuel cells will play a key role," said California Assemblymember Kevin McCarty (D- Sacramento). "I am pleased to see SoCalGas, in partnership with the CEC, supporting the development of these innovative projects, especially in the 7th Assembly District. These efforts are timely with the Governor's executive order that requires all new cars and passenger trucks sold in California to be zero-emission vehicles by 2035. It's important that we all work together to propel California forward into the future of clean energy." In addition to this funding, SoCalGas is advancing numerous low- and zero-carbon energy technologies. Late last year, the company announced the creation of a Hydrogen Blending Demonstration Program to study blending hydrogen in its gas system, so it can ultimately recommend a hydrogen injection standard for regulatory approval. It also announced it will build a home to demonstrate, in a microgrid setting, the use of hydrogen produced from solar energy. Called the "H2 Hydrogen Home," the project will use solar panels to create electricity that can be used to produce green hydrogen via electrolysis. The hydrogen will be blended with natural gas for the home's appliances as well as converted back to electricity using a residential fuel cell. In addition, SoCalGas will field test a new technology that separates and compresses hydrogen from a blend of hydrogen and natural gas, allowing hydrogen to be delivered wherever a natural gas distribution system exists. Details on these efforts are available here. SoCalGas' mission is to build the cleanest, safest, and most innovative energy company in North America. More information on the company's mission and strategic priorities can be found at socalgas.com/mission. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to helping homes and businesses decarbonize their energy usage by delivering 5% renewable gas by 2022 and 20% by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
SoCalGas Offers Tips and Tools to Help Customers Save Money on their Utility Bills
LOS ANGELES, Feb. 5, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today offered energy savings tips and tools to help customers save money on their utility bills. During cold weather, like we've experienced over the last several weeks, it is possible to use three to seven times more natural gas than in summer months as your home heater responds to your thermostat settings and your water heater works harder to keep water hot. SoCalGas works to secure the best prices for the natural gas it supplies to customers. The cost customers pay for natural gas is what the utility pays. The utility also offers customer assistance programs that help people with bill discounts and provide free home improvements that help conserve energy and save money. "As the weather changes, so does our consumption of natural gas. In order to keep our homes warm, our heating systems are running more frequently resulting in an increased usage of natural gas. A few simple changes can help reduce energy bills," said Brian Prusnek, SoCalGas' director of customer programs and assistance. "This is also the time to make sure all customers who are eligible for bill assistance and no-cost energy savings programs are aware of these resources which can further reduce natural gas bills." Customers can take these steps to reduce their natural gas use and manage energy costs: 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 increase heating costs by 10 to 30 percent. 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. To learn more about SoCalGas' energy-saving programs and services or for more information on how to more efficiently manage natural gas usage and possibly reduce monthly natural gas bills, click here. Customers with questions about their winter bill can go to "My Account" at socalgas.com or call 800-427-2200. SoCalGas also encourages customers who are having trouble paying for their monthly natural gas bill to apply for one of their customer assistances programs. The utility's customer assistance programs include: California Alternate Rates for Energy (CARE) program, offers eligible customers a 20 percent discount on their monthly natural gas bill. The discount is applied to the monthly natural gas bill following the date that the application is approved by SoCalGas. Energy Savings Assistance (ESA) provides eligible customers with home improvements, at no cost to the renter or homeowner, that help conserve energy, reduce natural gas use and enhance the safety, health, and comfort of the renter or homeowner. SoCalGas provides this service to approximately 100,000 customers each year. Over 1.5 million homes have received upgrades through the ESA program. To learn more about SoCalGas' customer assistance programs, please visit socalgas.com/assistance. As part of its COVID-19 response, SoCalGas suspended service disconnections for residential and small business customers. That means customers will not have their natural gas service turned off if they are unable to pay. For more information on SoCalGas's response to the COVID-19 pandemic, please visit www.socalgas.com/coronavirus. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Kevin Sagara Q&A: Advancing Sustainability with the Salk Institute
Kevin Sagara was appointed as Sempra Energy’s group president in July 2020 after most recently serving as chairman and chief executive officer of SDG&E, where he is credited with helping to raise the company’s standing as a national leader in wildfire safety and clean energy. As group president, Sagara oversees Sempra Energy’s California utility infrastructure businesses, San Diego Gas & Electric and Southern California Gas, and serves as chairman for both companies. Sagara has played an integral role in Sempra Energy’s partnership with the Salk Institute of Biological Studies, a leading biological research laboratory located in San Diego, California. In order to combat climate change, Sempra Energy donated $2 million to support Salk’s "Sequestering Carbon Through Climate Adapted Sorghum" project, part of the Institute's Harnessing Plants Initiative (HPI). HPI is an innovative, scalable and bold approach to fight climate change by optimizing a plant's natural ability to capture and store carbon and adapt to diverse climate conditions. Learn more in this Q&A with Kevin Sagara: How did you become involved with Salk’s initiative? It’s been four years since I was introduced to the Salk Institute’s important carbon capture research. Dr. Joanne Chory and Dr. Wolfgang Busch came to Sempra and we talked about this opportunity. I was working with Sempra Renewables at the time, and what struck me was the idea of removing carbon emissions from the atmosphere. I think you’re going to see this area continue to grow as people continue to recognize that the climate is changing, and we need to do something about it fast. At Sempra, we are so pleased that we can play a part in Salk’s initiative, help do our part and be on the same team. What is carbon capture and sequestration? Carbon capture and sequestration is the way Salk Institute scientists are removing carbon from the atmosphere. Through harnessing the power of plants with genetically modified root structures, plants will absorb carbon from the atmosphere and store it underground within their root structures. Salk researchers aim to develop these ‘Salk Ideal Plants™’ to mitigate the disastrous effects of climate change while also providing more food, fuel and fiber for our growing population. With Sempra Energy's funding, over the next five years Salk scientists will work to develop a drought-tolerant, carbon-sequestering grass designed to grow on land in Southern California and store carbon in the soil for use with grain production, grazing or bio-energy feed stocks. What is the end goal of this initiative? Salk scientists are aiming for their Ideal Plants to be planted around the world, which can lead to a potentially enormous reduction in atmospheric carbon dioxide. Salk estimates that if, worldwide, 70% of the target crops are converted into carbon-sequestration-enhanced crop plants, 1.5 to 6 gigatons of CO2 can be sequestered per year, the equivalent of up to as much as one-third of human-caused CO2 emissions that accumulate in the atmosphere each year. These projections are incredibly exciting and Sempra is proud to support a project with this kind of potential for global impact. What other ways is Sempra innovating to combat climate change? Across our companies, Sempra supports a shift to lower carbon energy options and invests in infrastructure designed to deliver reliable, affordable and increasingly cleaner energy. In 2017, SDG&E opened one of the country’s largest lithium battery energy storage facilities in Escondido, California. This facility is helping store solar and wind-generated energy in batteries during off-peak hours, making it inexpensive to collect and easier to distribute throughout SDG&E’s service area. Together, SDG&E and SoCalGas have created a Hydrogen Blending Demonstration Program, the first of its kind in California. Blending hydrogen with natural gas is part of a multi-pronged strategy we’re pursuing in an effort to decarbonize the natural gas grid. Both utilities also invest in clean transportation technologies and infrastructure to reduce emissions from the transportation sector. We have to continue to push ourselves and find ways to produce and use energy in a less carbon intensive fashion while also looking for ways to take carbon out of the atmosphere. I liken this situation to a bathtub. If the bathtub is full, we can turn down the faucet, while also bailing water out of the tub at the same time. Thanks to innovative scientists at the Salk Institute, we can work to lower new carbon emissions while also removing the carbon that already exists in our atmosphere. Sempra Energy is committed to leading the energy transition. As we work to fulfill our vision of delivering energy with purpose, we look forward to partnering with leaders like the Salk Institute to identify and support innovative solutions to climate change. Read an update about this project
Sempra Energy To Report Year-End 2020 Earnings Feb. 25
SAN DIEGO, Feb. 4, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to release its fourth-quarter and year-end 2020 earnings by 7 a.m. ET, Thursday, Feb. 25. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Thursday, Feb. 25. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link. Prior to the conference call, a slide presentation detailing the earnings results also will be posted by 7 a.m. ET, Thursday, Feb. 25, on Sempra Energy's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 2095631, or it can be accessed on the company's website. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. SOURCE Sempra Energy
Sempra Energy's IEnova Unit To Report Year-End 2020 Earnings Feb. 18
SAN DIEGO, Feb. 2, 2021 /PRNewswire/ -- Sempra Energy's (NYSE: SRE) Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), plans to release its year-end and fourth-quarter 2020 earnings by 6 p.m. ET, Feb. 18, in advance of a conference call with IEnova executives at 11 a.m. ET, Feb. 19. Briefing materials also will be posted by 6 p.m. ET, Feb. 18, on IEnova's website, www.ienova.com.mx. Investors, media, analysts and the public may listen to a live webcast of the conference call on IEnova's website, by clicking on the appropriate audio link. For those unable to obtain access to the live webcast, the conference call will be available on replay a few hours after its conclusion on the company's website, or by dialing +1 (855) 859-2056 and entering passcode 1874634#. About IEnovaIEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2019, the company has 1,300 employees and approximately $9.6 billion dollars in total assets, making it one of the largest private energy companies in the country. IEnova was the first energy infrastructure company to be listed on the Mexican Stock Exchange. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor), and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Supports NAACP College Scholarship Program with $75,000 Grant
LOS ANGELES, Feb. 2, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the company awarded $75,000 to three local branches of the NAACP for their college scholarship programs. The grants will support 15 college students, supplying them each with $5,000 scholarships for tuition, books, housing and other expenses. The grants will be awarded to students selected by the NAACP's San Fernando Valley, Pomona Valley and Riverside County branches. SoCalGas has been a community partner of the NAACP for over 20 years. "SoCalGas is proud to partner with the NAACP to support students within the communities we serve," said Eugene "Mitch" Mitchell, vice president state government affairs and external affairs at SoCalGas. "Paying for tuition and other school-related necessities can be intimidating for many young people, so we are pleased to provide some financial relief for these deserving students, especially during a time when so many families are struggling." "We are grateful to our community partners like SoCalGas who provide funding for our college scholarship program," said Dr. James Thomas, president of the NAACP San Fernando Valley. "This grant has enabled us to provide critical support for young people who are attending college and who may not be able to continue their education if it were not for the financial support of the NAACP and our community partners. Thank you, SoCalGas." "Due to the Coronavirus, I am not able to use the computer lab at school. The programs I need for my electrical engineering courses are very demanding and my current computer cannot run them well. The scholarship award SoCalGas provided via the San Fernando Valley NAACP will help me get a better device in order to succeed in my studies," said AbdulKarim, student at California State University, Northridge. "As the State Senator representing the 20 th State Senate District, I appreciate SoCalGas providing this funding to three NAACP branches in Southern California—including Pomona Valley in my district—for their college scholarship programs. These scholarships for excellent students in our region will certainly help them succeed in college and beyond," stated Senator Connie M. Leyva (D- Chino). Each year the NAACP, through donations, provides scholarships to outstanding students. Annually, the NAACP's Scholarship Committee to select the most outstanding individuals to receive these awards. The NAACP does not provide financial aid to individuals, only scholarships through this process and continues to mentor students throughout their time in college. Founded in 1909 in response to the ongoing violence against Black people around the country, the NAACP (National Association for the Advancement of Colored People) is the largest and most pre-eminent civil rights organization in the nation with over 2,200 units and branches across the nation, along with well over two million activists. The organization's mission is to secure the political, educational, social, and economic equality of rights in order to eliminate race-based discrimination and ensure the health and well-being of all persons. SoCalGas' commitment to the communities it serves goes beyond providing customers with affordable, safe and reliable natural gas service. As a leader in the community, SoCalGas understands it has a responsibility to recognize racial injustices and assist in closing the gaps in social inequities. Last year, SoCalGas doubled our charitable spend among the Black communities we serve, in areas including educational resources to students from vulnerable communities, Black-owned businesses and supporting workforce training programs that could lead to jobs at SoCalGas. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the NAACP Founded in 1909 in response to the ongoing violence against Black people around the country, the NAACP (National Association for the Advancement of Colored People) is the largest and most pre-eminent civil rights organization in the nation. We have over 2,200 units and branches across the nation, along with well over 2M activists. Our mission is to secure the political, educational, social, and economic equality of rights in order to eliminate race-based discrimination and ensure the health and well-being of all persons. SOURCE Southern California Gas Company
Sempra Energy Named To Fortune Magazine's 'World's Most Admired Companies' List For 2021
SAN DIEGO, Feb. 1, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has again been named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. This marks the 11 th year that the company has been included on the annual list, which recognizes global businesses with the strongest corporate reputations within their sectors and across industries. "Today's recognition from Fortune is underpinned by our high-performance culture and reflects our commitment to furthering our mission to be North America's premier energy infrastructure company and providing sustainable value to all of our stakeholders," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Against the backdrop of unprecedented challenges from a global pandemic, this honor is a credit to our essential workforce — 18,000 employees who work hard every day to deliver reliable, affordable and sustainable energy to power the lives of over 35 million consumers across North America." Fortune partners with Korn Ferry Hay Group, a global management consulting firm, to select companies for the annual "World's Most Admired Companies" list from a survey of senior executives, directors and financial analysts. Fortune considered the 1,000 largest U.S. companies ranked by revenue for the list, along with non-U.S. companies that have revenues of approximately $10 billion or more. The survey asks respondents to rank the companies on nine attributes: quality of management; quality of products or services; innovativeness; long-term investment value; financial soundness; ability to attract, develop and retain talent; social responsibility to the community and environment; wise use of corporate assets; and effectiveness in doing business globally. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. SOURCE Sempra Energy
SoCalGas Data Analytics Team Named Most Innovative in the U.S.
LOS ANGELES, Jan. 29, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today that its data analytics work has been recognized as the most innovative among over 150 utilities across the U.S. and the world by the Utility Analytics Institute (UAI). The UAI praised SoCalGas' use of data analytics to increase safety, save money for its customers, improve customer service, help conserve energy, and cut greenhouse gas emissions. "We are honored to have been recognized for this award," said Gillian Wright, senior vice president and chief customer officer at SoCalGas. "The work our data analytics team does is innovative, progressive, forward-thinking and leads to solving the company's most complex business challenges. All of this is in support of SoCalGas' mission to become the cleanest, safest and most innovative energy company in America." "SoCalGas has made impressive contributions to data analytics within the utility industry," said Gina Weber, managing director at UAI. "Each winner of the UAI Excellence Awards was selected from a pool of talented individuals, teams and organizations and we congratulation them on this well-deserved recognition." Increased energy conservation is among the many benefits of SoCalGas' data analytics work. For example, the utility's data analytics team developed a way to identify customers who were less likely to conserve energy during a winter cold snap, allowing the company to target those households with reminders of the tools and information available to help them manage their natural gas use. This initiative is now saving these targeted customers over 300,000 therms of energy every year, reducing the bills of as many as 100,000 customers and decreasing greenhouse gas emissions. These reductions are among the more than 36.5 million therms SoCalGas helped natural gas users conserve through energy efficiency last year—saving customers more than $64 million and reducing carbon emissions linked to climate change by nearly 193,000 metric tons, the equivalent of taking 42,000 cars off the road for a year. SoCalGas is also using data analytics to increase the safety of its employees and customers, and the new safety challenges created by the Covid-19 pandemic provide one example: Since the pandemic began, data analytics have allowed pinpoint accuracy in predicting the number and location of customer service orders, allowing for highly effective inventory management of Personal Protective Equipment as well as appropriate staffing at the 75 facilities across SoCalGas' 24,000 square mile service territory. The data analytics team is also working to keep employees safe by providing customer service technicians with data to help them avoid hazards. Each technician will soon be provided with notice of hazardous driving routes prone to accidents, Covid-19 case rates in various geographic areas, and reminders of special safety precautions and gear required for certain types of service calls. Preventing damage to gas pipelines is another way SoCalGas is using data analytics to increase safety. The company gathers construction permit data to gauge increased potential of gas line damage due to excavation. Areas where more construction permits are issued now receive additional reminders to have gas pipeline areas marked prior to any construction digging, along with other gas safety information. In another example, data analytics is allowing SoCalGas to drastically reduce vehicle trips to inspect gas meters, which both increases employee safety and reduces greenhouse gas emissions associated with driving. In-depth analysis of data from the company's Advance Meter technology can now accurately identify faulty meters without physical inspections. Every year, almost 50,000 inspection trips are avoided, leading to about 370,000 fewer miles driven, and saving 180 metric tons in carbon dioxide emissions per year. The UAI is a global consortium of over 160 member utilities and provides support to the industry with the goal of advancing utility transformation through analytics and digital innovation. To win the award, SoCalGas' Performance Management and Operational Strategy (PMOS) team underwent panel interviews and provided case studies to demonstrate the many innovative ways they have tackled complex business processes and problems across SoCalGas. Recently, SoCalGas announced its mission to build the cleanest, safest, and most innovative energy company in North America. More information on SoCalGas' mission and strategic priorities can be found at socalgas.com/mission. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy Honored For Diversity And Inclusion Leadership By Bloomberg And Human Rights Campaign
SAN DIEGO, Jan. 28, 2021 /PRNewswire/ -- This week, Sempra Energy (NYSE: SRE) was honored by two well-respected organizations for the company's long-term focus on fostering an inclusive culture and advancing diverse perspectives, as well as its enhanced efforts in these areas over the past year. Sempra Energy was listed on the 2021 Bloomberg Gender-Equality Index for the third consecutive year. The company was also named a "Best Place to Work for LGBTQ Equality" by the Human Rights Campaign, receiving a perfect score on the organization's Corporate Equality Index for the 13 th consecutive year. For more information on Sempra Energy's diversity and inclusion practices, visit: sempra.com/careers/diversity-inclusion. "The past year, more than ever, has demonstrated the importance of welcoming diverse perspectives and backgrounds, and promoting an inclusive environment within our organization," said Karen Sedgwick, senior vice president, chief human resources officer for Sempra Energy. "While diversity and inclusion have always been a key part of our high-performance culture, we will continue to take meaningful actions to foster a workplace where our employees feel empowered because we believe it leads to better decision making and advances innovation." Sempra Energy was one of 380 companies recognized on the Bloomberg Gender-Equality Index (GEI), which tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation and transparency. For the 13 th consecutive year, Sempra Energy received a perfect score on the Corporate Equality Index (CEI), which is released annually by the Human Rights Campaign and serves as a leading benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. "From the previously unimaginable impact of the COVID-19 pandemic, to a long overdue reckoning with racial injustice, 2020 was an unprecedented year. Yet, many businesses across the nation stepped up and continued to prioritize and champion LGBTQ equality," said Alphonso David, president of the Human Rights Campaign. "This year has shown us that tools like the CEI are crucial in the work to increase equity and inclusion in the workplace, but also that companies must breathe life into these policies and practices in real and tangible ways. Thank you to the companies that understand protecting their LGBTQ employees and consumers from discrimination is not just the right thing to do – but the best business decision." Advancing a High-Performance CultureA high-performance culture that embraces people of diverse backgrounds has been a key area of focus for Sempra Energy and its senior leadership team for decades. For more than 20 years, the company has led various programs and initiatives to promote this throughout its business. Sempra Energy and its family of companies sponsor 15 local employee councils, reaching thousands of employees that help to foster a respectful and inclusive workplace. The company also sponsors a number of mentoring programs, veteran support programs, and trainings on inclusion and bias, among other initiatives. Additionally, it hosts an annual enterprise-wide diversity and inclusion summit. Sempra Energy is a founding member of the CEO Action for Diversity & Inclusion initiative and a member of the Paradigm for Parity coalition which promotes gender parity in the workplace. For additional information about Sempra Energy's employee programs, please visit our sustainability report: sempra.com/sustainability/sustainability-report. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. SOURCE Sempra Energy
SoCalGas Joins the San Gabriel Valley Council of Governments in Recognizing the Winners of the 2020 Energy Champion Awards
LOS ANGELES, Jan. 27, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and the San Gabriel Valley Council of Governments (SGVCOG) today congratulate the winners of the 2020 Energy Champion Awards presented by the San Gabriel Valley Energy Wise Partnership (SGVEWP). Members of SGVEWP include SoCalGas, the SGVCOG, San Gabriel Valley cities, school districts, and special districts including waste, water, transportation, fire, etc., that are located within SoCalGas service territories. SGVEWP hosted the 2020 San Gabriel Valley Energy Champion Awards to recognize the San Gabriel Valley agencies' efforts in support of energy efficiency programs. A recent study by the Energy Futures Initiative found energy efficiency to be the most cost-effective approach towards meeting California's climate goals. The SGVEWP created the Energy Champion Awards to encourage members to implement energy efficiency measures. The awards are broken down into three categories: bronze, silver and gold. SGVCOG recognized a total of 13 cities and one school district with Gold awards and one city with a Silver award. The Energy Champion Awards recognizes municipal projects, but there are ways other customers can become more energy efficient too. SoCalGas' public sector customers located within SGVEWP cities are eligible for an additional 50% in rebates for energy efficient appliances and equipment in 2020 and 2021. To learn more about SoCalGas' rebate programs and incentives, visit https://www.socalgas.com/save-money-and-energy/rebates-and-incentives. "The San Gabriel Valley Energy Wise Partnership has been successful in reducing overall energy consumption and greenhouse gas emissions in these local communities," said Brian Prusnek, director of customer programs and assistance at SoCalGas. "Energy efficiency programs are a proven, cost-effective tool to achieve California's climate goals and we are proud to be a part of the inaugural Energy Champion Awards." "The City of San Gabriel is proud to be working with the SoCalGas team on energy efficiency projects this year. We recently completed a project at the Smith Park Pool which is estimated to save 14,074 therms of energy and thousands of dollars every year," said City of San Gabriel Mayor Denise Menchaca. "We're looking forward to collaborating with SoCalGas and San Gabriel Valley Energy Wise Partnership on more energy efficiency projects in 2021." "Our partnership with SoCalGas and SGVCOG has helped us understand the importance of long-term energy efficiency, not only for the environmental benefits offered, but also the financial savings for our city's residents," said San Dimas Mayor Emmett Badar. "We are honored to be the silver recipient of the Energy Efficiency Champion Awards. Our participation in this year's program is an indication that we are on the right path towards becoming a more energy efficient city." "Through the SGVEWP, we're able to support our cities in reduction of energy consumption and the implementation of energy efficiency actions," said Marisa Creter, executive director at SGVCOG. "Last year, the Partnership launched the San Gabriel Valley Energy Champion Awards to promote and encourage our cities to complete energy efficiency projects. We were extremely excited to recognize 15 cities and agencies for their achievements in 2020 and we look forward to continuing working with our cities to create a more sustainable San Gabriel Valley!" The cities of San Gabriel and San Dimas both implemented award-winning projects involving pool covers at municipal pools that saved a total of 34,302 therms in 2020. The full list of winners is as follows: Alhambra, Arcadia, Claremont, Duarte, El Monte, Irwindale, La Verne, Monrovia, Pomona, San Gabriel, South El Monte, South Pasadena, Walnut, and El Monte Union High School District all receiving Gold awards and San Dimas receiving a Silver award. Since its formation in 2009, SGVEWP members have completed over 60 energy efficiency projects, attended over 130 community events to promote energy efficiency opportunities, hosted over 30 energy efficiency workshops and conducted outreach to more than 8,000 residents. Since 2016, SGVEWP cities have partnered with SoCalGas and saved over 90,000 therms through various projects, equivalent to the amount of energy needed to power approximately 229 homes a year. Project highlights include: City of Alhambra: 2 pool heater projects for a total of 7,200 therms saved annually City of Arcadia: A boiler project for a total of 1,562 therms saved annually City of Covina: A pool heater and a boiler project for total of 5,654 therms saved annually City of Duarte: A pool cover, pool heater and a tankless water heater project with 12,998 therms saved annually City of El Monte: 2 pool cover and 2 pool heater projects for a total of 14,065 therms saved annually City of Monterey Park: 2 pool heater and 2 boiler projects for a total of 10,103 therms saved annually City of Pomona: A boiler project for a total of 3,623 therms saved annually City of South El Monte: A pool cover and pool heater project for a total of 5,781 therms saved annually Recipients had to meet the following criteria to receive awards: Bronze Category: Attend one Energy Work Group meeting or energy efficiency training in 2020. Undergo an Energy Star Portfolio audit to assess how on municipal facilities are performing on energy efficiency and meet with SGVCOG staff to review potential energy efficiency projects. Shared SGVEWP and SoCalGas rebate/financial incentive information on the City's website or conducted at least one energy efficiency outreach event with the Partnership in 2019 or 2020. Silver Category: Attended two Energy Work Group meetings or energy efficiency trainings in 2020. Undergo an Energy Star Portfolio audit to assess how on municipal facilities are performing on energy efficiency and meet with SGVCOG staff to review potential energy efficiency projects. Shared SGVEWP and SoCalGas rebate/financial incentive information on the City's website or conducted at least one energy efficiency outreach event with the Partnership in 2019 or 2020. 5% therm usage reduction from March 1, 2018 to March 1, 2020 or have at least one municipal facility audited from 2018 to 2020. Gold Category: Attended three Energy Work Group meetings or energy efficiency trainings in 2020. Undergo an Energy Star Portfolio audit to assess how on municipal facilities are performing on energy efficiency and meet with SGVCOG staff to review potential energy efficiency projects. Shared SGVEWP and SoCalGas rebate/financial incentive information on the City's website or conducted at least one energy efficiency outreach event with the Partnership in 2019 or 2020. 10% therm usage reduction from March 1, 2018 to March 1, 2020 or have at least two municipal facilities audited from 2018 to 2020. Hosted an energy efficiency social media campaign or a natural gas energy efficiency project at the Energy Work Group or the SGVCOG Public Works Technical Advisory Committee in 2020. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. San Gabriel Valley Council of Governments The San Gabriel Valley Council of Governments (SGVCOG) is a regional government agency that strives to maximize the quality of life in the San Gabriel Valley. The agency is a joint powers authority made up of representatives from 31 cities, 3 Los Angeles County Supervisorial Districts, and the 3 Municipal Water Districts located in the San Gabriel Valley. Serving as a regional voice for its member agencies and works to improve the quality of life for the more than 2 million residents living in the San Gabriel Valley, the SGVCOG works on issues of importance to its member agencies, including transportation, homelessness, the environment, and water, and seeks to address these issues regionally. Learn more at www.sgvcog.org. SOURCE Southern California Gas Company

Pagination

  • « First First page
  • ‹‹ Previous page
  • …
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • …
  • ›› Next page
  • Last » Last page

Quick search

Press release

Oncor

Capital plan

Earnings

Texas

California

Reliability

Safety

Annual Report

Corporate Sustainability Report

Sempra
  • Our business
    • Overview
    • Mission & values
    • Recognition & awards
    • Reliability & resilience
    • Sustainability
      • Sustainable financing
      • Sustainability resource library
  • Who we serve
    • Overview
    • Texas
    • California
    • Community giving
  • Our team
    • Overview
    • Board of directors
    • Leadership team
    • Meet our CEO
  • Investors
    • Overview
    • Investor news
    • Financials & filings
    • Corporate governance
      • Code of conduct
      • Political engagement & contributions
      • W9 tax forms
    • Stock information
    • Investor resources
  • Careers
    • Overview
    • Open positions
    • Benefits
  • Newsroom
    • Overview
    • Media contacts
    • Press releases
    • Spotlight articles
    • Email Alerts
SRE: ()

Quick search

Press release

Oncor

Capital plan

Earnings

Texas

California

Reliability

Safety

Annual Report

Corporate Sustainability Report

Reliability

Pagination

  • Previous page ‹‹
  • Page 40
Subscribe to Reliability
Sempra
  • Our business
  • Who we serve
  • Our team
  • Investors
  • Careers
  • Newsroom
  • Contact
  • Our business
  • Who we serve
  • Our team
  • Investors
  • Careers
  • Newsroom
  • Contact
  • Instagram instagram logo image
  • Twitter Twitter logo image
  • Linkedin Linkedin logo image
  • Youtube youtube logo image
© 2026 Sempra. All rights reserved.
  • Privacy
  • Terms and conditions
  • Forward-looking statements
  • Sitemap

*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).