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Sempra
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Displaying results 301 - 315 of 1204
Deborah Martin Q&A: developing top-tier talent
Sempra Vice President of Talent Management, Deborah Martin, discusses energy sector talent landscape, and Sempra's award-winning work culture.
Sempra Ranked Top Utility on Wall Street Journal's Best-Managed Companies for 2022
SAN DIEGO, Dec. 19, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) is the highest-ranked utility on the Wall Street Journal's Management Top 250 ranking for 2022. The Management Top 250 is one of the most prestigious ranking efforts dedicated to measuring corporate effectiveness. This is the fourth time the company has been named to the Management Top 250, and the second consecutive year it has been ranked highest among industry peers in its category. "This distinction reflects the concerted efforts of our 20,000 employees, who are unified by our mission to build the leading energy infrastructure company in North America," said Jeffrey W. Martin, chairman and CEO of Sempra. "By continuing to invest in a high-performing culture and sustainable business practices, we expect to capture new opportunities and continue delivering long-term value for our shareholders and other stakeholders." The Wall Street Journal assembled its rankings with the help of the Drucker Institute, a think tank based at Claremont Graduate University's Drucker School of Management. Their mathematical model, which includes a total of 34 metrics, serves as the basis for the Management Top 250. This year, more than 900 companies were graded in five categories: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. Sempra's three growth platforms – Sempra California, Sempra Texas and Sempra Infrastructure – are strategically positioned to serve the growing needs of consumers in key markets in North America and around the world while staying at the forefront of innovation and integrating cleaner forms of energy. The company's value proposition comes to life through its commitment to sustainable business practices across the Sempra family of companies. With an unwavering focus on safety, resilience, energy security and climate security, the Sempra family of companies is working to deliver lower and zero-carbon energy and provide sustainable, long-term value for the company's shareholders and other stakeholders. Earlier this year, the company released its 14 th Corporate Sustainability Report, sharing progress on goals in four key areas: enabling the energy transition, driving resilient operations, achieving world-class safety and championing people. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and has been included on the Dow Jones Sustainability North America Index for 12 consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra
SoCalGas Achieves Important Milestone in Advancing Proposed Angeles Link Green Hydrogen Infrastructure System
California Regulator Determines: Angeles Link, "has the potential to decarbonize the state's and the Los Angeles Basin's energy use." "Public interest is served if SoCalGas begins conducting a feasibility study of the Project immediately." SoCalGas to join members of the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) in support of the State of California's application for historic federal funds to support regional hydrogen hubs LOS ANGELES, Dec. 16, 2022 /PRNewswire/ -- The California Public Utilities Commission (CPUC) has approved Southern California Gas Co.'s (SoCalGas') request to track costs for advancing the first phase of Angeles Link, a proposed green hydrogen pipeline system that could deliver clean, reliable, renewable energy to the Los Angeles region. As envisioned, Angeles Link could be the nation's largest green hydrogen pipeline system and support significantly reducing greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, and other hard-to-electrify sectors of the Southern California economy. In a final decision, the CPUC declared, "the public interest is served if SoCalGas begins conducting a feasibility study of the Project immediately." The agency also asked SoCalGas to join members of the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) in support of California's application for a share of $8 billion in available federal funds to support regional hydrogen hubs. " California has some of the boldest climate and clean air goals in the nation. The proposed Angeles Link aligns SoCalGas' scale, 150 years of expertise in service, and our highly skilled workforce with the clean energy and environmental policies that will shape this century," said SoCalGas Chief Executive Officer, Scott Drury. "As the CPUC's decision highlights, Angeles Link has the potential to support decarbonization for hard-to-electrify sectors of our economy, improve our air quality, bring new economic opportunities as well as sustain and grow skilled jobs to our region." "As the chair of the California Senate Select Committee on Hydrogen Energy, it is my goal to help California continue serving as a national and global leader in clean hydrogen development so we can reach our clean energy and zero emission vehicle goals," said California Senator Bob Archuleta (D- Pico Rivera). "This decision on Angeles Link by the CPUC advances California's leadership on hydrogen and better positions the state to secure billions in federal funding opportunities via ARCHES." Proposed in February of this year, Angeles Link would serve hard-to-electrify industries like dispatchable electric generation, heavy duty trucking and industrial processes. As contemplated, Angeles Link would deliver green hydrogen in an amount equivalent to almost 25% of the natural gas SoCalGas delivers today. In serving those industries, Angeles Link's green hydrogen could: Displace up to 3 million gallons of diesel fuel per day, or 1 billion gallons annually, and enable conversion of up to four natural gas power plants to run on clean renewable hydrogen. Eliminate nitrogen oxide (NO x) and carbon dioxide (CO 2) equal to removing 3.1 million cars off the road annually. Generate billions of dollars in new clean energy investments in the LA Basin and create thousands of new union jobs. Over time and combined with other future clean energy projects, Angeles Link could also help reduce natural gas demand served by the Aliso Canyon natural gas storage facility, facilitating its ultimate retirement, while continuing reliable and affordable energy service to the region. Consensus Grows: Clean Renewable Hydrogen Key to Reaching California's, Nation's Climate Goals There is growing recognition among experts and policymakers that a broad set of tools will be needed to achieve California's climate and clean air goals by mid-century, including electrification, clean fuels like renewable natural gas and clean renewable hydrogen, and carbon management. The California Air Resources Board's (CARB's) recent Scoping Plan calls for scaling up, "new options such as renewable hydrogen for hard-to-electrify end uses" in its roadmap to decarbonize California. The federal government has also signaled that clean renewable hydrogen will play a key role in a clean-energy future, with billions of dollars in funding becoming available to develop clean renewable hydrogen hubs. The Angeles Link project could extend California's position as a leader on clean energy well into the future, while potentially helping to attract billions of dollars in new investment and maintaining and creating thousands of skilled jobs. "Green hydrogen is an important pathway to reach our goal of zero-emissions cargo operations at the Port," said Port of Los Angeles Executive Director Gene Seroka. "The Port and our terminal partners have five active hydrogen demonstration projects and, ultimately, Angeles Link can play a key role in providing green hydrogen at the scale needed to achieve our zero-emissions and decarbonization goals by 2030." "This decision demonstrates that California is a clear leader in paving the way for clean energy infrastructure while ensuring good union jobs for members like Utility Workers Local 483 and our union brothers and sisters alike," said Ernie Shaw, President UWUA Local 483, AFL-CIO. "For the tens of thousands of skilled workers who build California's natural gas system, green hydrogen represents real and meaningful opportunities to participate in the state's clean energy transition," said Rodney Cobos of the Southern California Pipe Trades Council. " California's energy workers are among the most skilled and experienced in the nation, and it's important that they are ready and prepared to build the hydrogen infrastructure that projects like Angeles Link will facilitate. That's why we're glad to see that studying workforce planning and training will be a critical component of Angeles Link's next phase." "Green hydrogen looks promising as a form of long-duration energy storage that could enhance electric system reliability and as a fuel that can help California reach its net zero-carbon goals for industrial end uses that currently have no practical alternatives to the use of natural gas," said Jan Smutny Jones of Independent Energy Producers. "Establishing the memorandum account is a critical first step toward determining whether green hydrogen can supplement or replace natural gas and reduce carbon emissions from end uses that are hard to electrify." "The California Hydrogen Business Council is pleased with the California Public Utilities Commission decision to allow SoCalGas to begin incurring costs to study the feasibility of a purpose-built hydrogen pipeline," said Katrina M. Fritz, Executive Director of the California Hydrogen Business Council. "A common carrier pipeline would ensure transparent market access for hydrogen producers at all scales. The growth of this market is a necessary pathway for California to achieve deep decarbonization, as outlined in the recent update to the California Air Resources Board 2022 Scoping Plan for Achieving Carbon Neutrality." "Angeles Link is a robust project that will significantly reduce the need for fossil-based natural gas and Aliso Canyon in Los Angeles," said Kathryn Barger, who represents Los Angeles County's Fifth Supervisorial District. "I support efforts to move feasible projects forward that reduce emissions and the need for Aliso Canyon without jeopardizing grid reliability – or the good jobs and important businesses – that depend on the natural gas system. Angeles Link is a win-win for Los Angeles businesses and residents." "A hydrogen infrastructure project of this scale could help catalyze the market for clean hydrogen in California and across the Western United States," said Laura Parkan, Vice President, Hydrogen Energy Americas for Air Liquide N.A. "Our Nevada facility – currently the largest liquid hydrogen plant in the world – is already supplying the California transportation market, so a project of this scale will be another significant step forward for our hydrogen future." "Hydrogen is creating the next infrastructure boom in the U.S.," said Tracy Hernandez, Founding CEO of the Los Angeles County Business Federation (BizFed). "Estimates show green hydrogen alone could generate approximately $140 billion in revenue and support 700,000 jobs nationally by 2030. Angeles Link better positions Los Angeles to capture that revenue and benefit from those jobs." "Projects like the Angeles Link are vital to broader adoption of zero emission technologies across the state," said Craig Scott, Group Manager in Toyota's Fuel Cell Solutions Group. "Securing reliable and affordable supplies of green hydrogen allows companies like Toyota to develop next generation hydrogen fuel cell technologies for use in a variety of applications, such as our fuel cell electric vehicle powertrain for heavy-duty transport." "Securing a reliable and affordable supply of green hydrogen into the Los Angeles region, paired with more funding for zero emissions heavy-duty truck technology conversion, would enable more truck fleet owners and operators to transition their vehicles," said Matt Schrap, CEO of Harbor Trucking Association. "This decision by the CPUC to advance the Angeles Link is a crucial step towards making the transition a reality." Growing Portfolio of Sustainability, Hydrogen Innovation SoCalGas is a leader in sustainability, having announced its aim to have net-zero greenhouse gas emissions by 2045. It is the first large natural gas utility in the United States to do so. As part of SoCalGas' net-zero strategy, the company is developing an industry-leading portfolio of clean fuels demonstration projects with collaborators from private industry, the US Department of Energy and California Energy Commission, and leading research institutions such as the University of California, Irvine, and the National Renewable Energy Laboratory. More than a dozen hydrogen pilot projects are already underway across the company. In September, SoCalGas announced a proposed collaboration with the University of California, Irvine, to demonstrate how electrolytic hydrogen can be safely blended into existing natural gas infrastructure on the university's campus – an important next step in establishing a statewide injection standard for renewable hydrogen. SoCalGas is also constructing a clean renewable hydrogen microgrid as part of its [H2] Innovation Experience. The [H2] Innovation Experience is a proof-of-concept project for resilient, clean energy using an electrolyzer to convert solar energy to clean renewable hydrogen and a fuel cell to supply electricity to a home, neighborhood, or campus community – independent of the electric grid. Earlier this month, the project was awarded the U.S. Green Building Council - Los Angeles' (USGBC-LA) Sustainable Innovation Award which recognized SoCalGas' commitments to sustainability through projects that demonstrate exemplary performance. The project was also named a World-Changing Idea in North America by Fast Company in 2021. Angeles Link – Phase One and Next Steps The CPUC's approval of SoCalGas' Angeles Link memorandum account application allows the company to track costs of performing Phase One feasibility studies for the project. Phase One activities include preliminary engineering, design, along with studies of supply, demand, possible end users, pipeline configuration and storage solutions, environmental considerations, workforce planning and training, robust stakeholder outreach, and an analysis of project alternatives. "We're excited to have reached this important milestone and are grateful to the Commission and to leaders from labor, environmental organizations, government, and the private sector who are working together on the critical building blocks of California's clean renewable hydrogen economy," Drury said. "We look forward to supporting California in its application for federal hydrogen hub funding and continuing the robust, transparent and collaborative engagement process that has been a hallmark of the Angeles Link proposal from the start." For the latest information about Angeles Link, visit https://www.socalgas.com/angeleslink. About SoCalGas Headquartered in Los Angeles,  SoCalGas®  is the  largest gas distribution utility  in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across  24,000 square miles  of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.  SoCalGas' mission is to build the  cleanest, safest and most innovative energy company in America . In support of that mission, SoCalGas aspires to achieve  net-zero greenhouse gas emissions  in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of  Sempra  (NYSE: SRE), an energy infrastructure company based in San Diego.  For more information visit  socalgas.com/newsroom  or connect with SoCalGas on  Twitter  (@SoCalGas),  Instagram  (@SoCalGas) and  Facebook .  This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, http://www.sec.gov, and on Sempra's website, http://www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Sempra Named One of Newsweek's Most Responsible Companies for Fourth Consecutive Year
SAN DIEGO, Dec. 12, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it has been recognized by Newsweek as one of "America's Most Responsible Companies" for 2023, earning this distinction for the fourth consecutive year. "This prestigious recognition is a reflection of our commitment to sustainable business practices that help drive high performance, capture new opportunities and deliver long-term sustainable value for our shareholders and other stakeholders," said Lisa Alexander, senior vice president of corporate affairs and chief sustainability officer for Sempra. America's Most Responsible Companies were selected based on publicly available key performance indicators derived from Corporate Responsibility Reports, Corporate Citizen Reports or Sustainability Reports, as well as an independent survey. The methodology focused on company performance in the environmental, social and corporate governance categories, while the independent survey asked U.S. citizens about their perception of company activities related to corporate social responsibility. The final list recognizes the top 500 most responsible companies in the United States, spanning 14 industries. The full awards list can be viewed on Newsweek's website. Sempra and its operating companies advance responsible stakeholder engagement through strong governance policies and disclosures that help promote transparency and accountability. More information can be found in Sempra's annual corporate sustainability report. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and is the only North American utility sector company included on the Dow Jones Sustainability World Index for four consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra
SoCalGas Receives Sustainable Innovation Award from U.S. Green Building Council - Los Angeles for [H2] Innovation Experience Project
Award recognizes SoCalGas' commitment to sustainability through projects that demonstrate exemplary performance. LOS ANGELES, Dec. 9, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) has been awarded the U.S. Green Building Council - Los Angeles' (USGBC-LA) Sustainable Innovation Award in the category of "Energy and Operational Carbon" for its soon-to-be-completed [H2] Innovation Experience microgrid demonstration project in Downey, California. SoCalGas was honored at USGBC-LA's 12th Annual Sustainable Innovation Awards on December 8, which recognized companies' commitments to sustainability through projects that demonstrate exemplary performance. "SoCalGas is making sustainability front and center in all that we do, and nowhere is that more apparent than our work on the [H2] Innovation Experience," said Jawaad Malik, vice president, strategy and sustainability and chief environmental officer for SoCalGas. "The clean fuels microgrid technology at the [H2] Innovation Experience showcases how new and existing energy infrastructure can work together to deliver reliable, around-the-clock energy that also helps California reach its climate goals more quickly and more affordably." The [H2] Innovation Experience – named a world-changing idea by Fast Company in 2021 – is a clean hydrogen microgrid demonstration project featuring clean hydrogen production and storage along with a nearly 2,000 square-foot home that can draw power from solar panels on sunny days and convert excess renewable energy into clean hydrogen. Excess renewable energy can be stored and then converted back into electricity, as needed, via an on-site hydrogen fuel cell 24 hours a day, 7 days a week, 365 days a year. The microgrid is being constructed to Leadership in Energy and Environmental Design (LEED) Platinum standards and is expected to be completed in the coming weeks. The USGBC-LA sustainability award comes on the heels of SoCalGas being awarded in October the top "Business Transformation Award" at the 2022 Responsible Business Awards, hosted by Reuters Events, where the company was recognized for having established truly transformative sustainability priorities with the potential to create impact at scale in the energy sector and beyond. SoCalGas has long made sustainability a priority at its facilities. The company's Energy Resource Center (ERC) earned California's first "Energy Star Building" award in 1995. Later, the ERC became the first building in California to receive the U.S. Green Building Council's LEED "green building" recognition. And it was certified as LEED Gold in 2013 – the second-highest designation – in recognition of the building's design in terms of carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. And in 2018, the ERC was awarded WELL Certification at the Silver Level by the WELL Building Institute, an award for buildings and spaces that promote human health, well-being, and comfort in their design. In 2021, SoCalGas became the first and the largest natural gas utility in the United States to announce its aim to have net-zero greenhouse gas emissions by 2045. Earlier this year, SoCalGas announced its Sustainability Strategy, putting words into action by setting measurable clean energy and sustainability objectives. These efforts cover a broad range of goals and initiatives aimed at achieving a safe, reliable, resilient, affordable, and equitable energy transition to net zero. For more information, visit https://www.socalgas.com/sustainability. About SoCalGas Headquartered in Los Angeles,  SoCalGas® is the  largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across  24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the  cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve  net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of  Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit  socalgas.com/newsroom or connect with SoCalGas on  Twitter (@SoCalGas),  Instagram (@SoCalGas) and  Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Cameron LNG, Entergy Louisiana Advance Renewable Energy Service Agreement
ESA is expected to reduce scope 2 emissions from electricity HACKBERRY, La., Dec. 7, 2022 /PRNewswire/ -- Cameron LNG announced today it has entered into a memorandum of understanding (MOU) with Entergy Louisiana, LLC to negotiate the terms and conditions for a new electric service agreement (ESA) to reduce Cameron LNG's Scope 2 emissions from the electricity it purchases from Entergy Louisiana. "Entergy Louisiana is a critical partner in our efforts to reduce our overall direct and indirect GHG emissions. Cameron LNG strives to provide its customers with LNG that has the lowest possible emissions intensity," said Whit Fairbanks, president of Cameron LNG. "The MOU we have signed allows us to memorialize an agreement to bring on enough renewable power to offset the emissions for our facility, including the Train 4 expansion, when all renewable generations phases are added to the supply portfolio." "We're proud to partner with Cameron LNG on this agreement," said Phillip May, Entergy Louisiana president and CEO. "Strong businesses lead to a stronger Louisiana for us all. Our customers are continuously seeking carbon-reduction options, and this is another example of us working with an industry leader to meet their own goals as well as our own." The MOU is non-binding and sets forth a framework for Entergy Louisiana and Cameron LNG to finalize and sign a minimum 20-year long-term agreement for the procurement of new renewable generation resources in Louisiana over an agreed-upon timeframe, subject to the ultimate approval of the Louisiana Public Service Commission and Cameron LNG. The new electric service agreement is expected to be developed together with a new, renewable tariff option that will be filed for Commission review and approval in the coming months. This new tariff along with Entergy Louisiana's recently approved optional Geaux Green tariff program will provide customers the opportunity to reduce their scope 2 emissions by subscribing to new renewable generation resources. Cameron LNG, a 13.5 million tonnes per annum (Mtpa) liquefied natural gas export facility operating in Hackberry, is working with its joint venture partners to develop a cost-effective and lower-emission potential expansion of the facility. The proposed Cameron LNG expansion would include an additional liquefaction train with a maximum production capacity of approximately 6.75 Mtpa that is planned to utilize electric compression, equivalent to adding approximately 300 megawatts (MW) of demand to the Entergy Louisiana system. Entergy has been an industry leader in voluntary climate action for more than two decades. In 2001, the company was the first U.S. electric utility to commit to voluntarily stabilizing greenhouse gas emissions. That goal has since been accelerated with a commitment to achieving net-zero carbon emissions by 2050. About Cameron LNG Cameron LNG was developed to meet the growing demand for energy worldwide with three liquefaction trains to process and load LNG supplies onto ships safely. Cameron LNG is a joint venture between five international companies with extensive LNG market and shipping experience. The partners include affiliates of Sempra Infrastructure, Mitsui & Co., Mitsubishi Corporation, TotalEnergies, and NYK Line. Cameron LNG is in a strategic geographic position to provide ease of access to global gas markets, including Asia and Europe. To date, the facility has exported more than 450 cargoes of U.S. natural gas to 29 countries worldwide. About Entergy Louisiana Entergy Louisiana, LLC provides electric service to more than 1 million customers in 58 parishes and natural gas service to more than 94,000 customers in Baton Rouge, Louisiana. Entergy Louisiana is a subsidiary of Entergy Corporation (NYSE: ETR), a Fortune 500 company headquartered in New Orleans. Entergy Corporation powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,000 employees are dedicated to powering life today and for future generations. This news release contains statements that are not historical fact and constitute forward-looking statements. These statements can be identified by words like "expects", "will", "may", "plans", "intends" or similar expressions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future and other risks, including, among others: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions and the timing of actions, including issuances of permits to construct and licenses for operation, by the U.S. Department of Energy, Federal Energy Regulatory Commission and other regulatory, governmental and environmental bodies in the United States; the timing and success of business development efforts and construction, maintenance and capital projects, including risks in obtaining, maintaining or extending permits, licenses, certificates and other authorizations on a timely basis and risks, in obtaining adequate and competitive financing for such projects; energy markets, including the timing and extent of changes and volatility in commodity prices, and the impact of any protracted reduction in oil prices from historical averages; capital markets conditions, including the availability of credit, interest and currency exchange rates; weather conditions, natural disasters, catastrophic accidents, and other events that may damage our facilities and systems; business, regulatory, environmental and legal decisions and requirements; and other uncertainties, all of which are difficult to predict and many of which are beyond our control. SOURCE Cameron LNG
Sempra Infrastructure Announces Agreement with ENGIE for Supply of U.S. LNG from Port Arthur LNG Phase 1
HOUSTON, Dec. 6, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with ENGIE S.A. for the supply of liquefied natural gas (LNG) from Phase 1 of its proposed Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, ENGIE has agreed to purchase approximately 0.875 million tonnes per annum (Mtpa) of LNG for 15 years, delivered on a free-on-board basis, and sourced from natural gas producers whose gas has been certified by an independent third party in accordance with environmental, social and governance (ESG) performance criteria. The agreement also provides a framework to explore ways to lower the carbon intensity of LNG produced from the Port Arthur Phase 1 LNG project through GHG emission reduction, mitigation strategies and a continuous improvement approach. "ENGIE is a leader in Europe's energy transition and a great addition to our Port Arthur LNG customer portfolio," said Justin Bird, CEO of Sempra Infrastructure. "We are excited to work with ENGIE to deliver reliable energy resources like LNG and contribute to the security of natural gas supply to their clients while supporting both companies' ESG commitments." Sempra Infrastructure recently announced it had finalized an engineering, procurement and construction contract with Bechtel Energy for the proposed Port Arthur LNG Phase 1 and that it has entered into long-term agreements with ConocoPhillips and INEOS for the sale and purchase of approximately 5.0 Mtpa and 1.4 Mtpa of LNG respectively. The company is focused on completing the remaining steps necessary to achieve its goal of making a final investment decision for Phase 1 of the liquefaction project in the first quarter of 2023. The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development. Development of the Port Arthur LNG project is contingent upon completing the required commercial agreements, securing all necessary permits, obtaining financing, and reaching a final investment decision, among other factors. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the delivery of cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, by ransomware attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our ability to pass through any higher costs to current and future customers due to volatility in inflation, interest and foreign currency exchange rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may be disputed or not covered by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission.
Sempra Infrastructure Announces Sale and Purchase Agreement with INEOS for Port Arthur LNG Phase 1
HOUSTON, Dec. 1, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with INEOS, for the supply of liquefied natural gas (LNG) from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, INEOS has agreed to purchase approximately 1.4 million tonnes per annum (Mtpa) of LNG delivered free-on-board from the proposed Phase 1 liquefaction project for a term of 20 years. Additionally, the companies have signed a non-binding heads of agreement (HOA) for INEOS' potential purchase of an additional 0.2 Mtpa from the Port Arthur LNG Phase 2 project under development. "We are excited to finalize our commercial relationship with INEOS as a valued long-term LNG off-taker from the Port Arthur LNG Phase 1 development project," said Justin Bird, CEO of Sempra Infrastructure. "We look forward to advancing this project so we can begin delivering new supplies of U.S. LNG to our European partners, as they pursue more secure energy for their customers." "We are pleased to have reached this milestone together with Sempra Infrastructure that will facilitate further access to U.S. LNG supplies," said David Bucknall, CEO of INEOS Energy. "This agreement is a critical part of our new global LNG supply chain that will enable us to deliver cleaner and reliable energy to our businesses and customers." The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development. Sempra Infrastructure recently announced it had finalized an engineering, procurement and construction contract with Bechtel Energy for the proposed Port Arthur LNG Phase 1 project and that it has entered into a long-term agreement with ConocoPhillips for the sale and purchase of approximately 5.0 Mtpa of LNG from the project. The company is focused on completing the remaining steps necessary to achieve its goal of making a final investment decision for Phase 1 of the liquefaction project in the first quarter of 2023, with first cargo deliveries expected in 2027. Development of Phase 1 and Phase 2 of the Port Arthur LNG project is contingent upon completing the required commercial agreements, securing all necessary permits, obtaining financing, and reaching a final investment decision, among other factors. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the delivery of cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. About INEOS INEOS is committed to achieving net zero by 2050 across its operations. The company is working to, over time, decarbonize the supply chain through carbon capture and storage and provide optionality for alternative sources of energy such as its leadership in the production of hydrogen. INEOS Energy meets society's energy needs today and for the future. As an integral part of INEOS, a global manufacturing company, it continues to make an indispensable contribution to society by providing the most sustainable options for a wide range of everyday needs, making the products and energy essential for everyday life. INEOS Energy is committed to net zero by 2050, producing and trading energy, power and carbon credits. It will grow through the acquisition of existing oil and gas assets, to run them safely, reliably, and efficiently. The business will be at the forefront of new decarbonisation technologies such as carbon capture and storage and hydrogen. A sustainable energy business that continues to help consumers and industry to meet their long-term energy needs and carbon reduction targets. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, by ransomware attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our ability to pass through any higher costs to current and future customers due to volatility in inflation, interest and foreign currency exchange rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may be disputed or not covered by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure
SoCalGas Declares Preferred Dividends
LOS ANGELES, Nov. 30, 2022 /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 January 15, 2023, to shareholders of record on December 10, 2022. About SoCalGas Headquartered in Los Angeles,  SoCalGas® is the  largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across  24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the  cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve  net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of  Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit  socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Foundation Wins U.S. Chamber of Commerce Foundation's Top Honor for Corporate Citizenship
SAN DIEGO, Nov. 29, 2022 /PRNewswire/ -- The U.S. Chamber of Commerce Foundation has recognized the charitable achievements of Sempra Foundation, a 501(c)(3) charitable organization founded and endowed by Sempra (NYSE: SRE) (BMV: SRE), for Best Community Improvement Program as part of its 23 rd Annual Citizens Awards. The Citizens Awards recognize purpose-driven businesses for taking a leadership role in helping solve the world's biggest challenges and recognize innovative and impactful corporate citizenship initiatives that are raising the bar on social responsibility and accelerating momentum for a more equitable and sustainable future. This year's Citizens Award for Best Community Program is dedicated to a single strategic initiative focused on community improvement. This prestigious honor was earned for Sempra Foundation's support of energy access programs designed to strengthen communities and create opportunities for all. Thanks to funding by Sempra, Sempra Foundation has made strategic contributions to help deliver clean, affordable solar power to seven organizations — including two orphanages, two Indigenous residential communities, a health center, a migrant center and a hospice for serving individuals experiencing homelessness and living with HIV/AIDS and tuberculosis — and residential communities in Ensenada, Tijuana, Tecate and Mexicali. The clean energy installations are helping budget-strapped organizations which can now reduce utility expenses and allow funds to be reallocated to critical needs that are not typically covered by donations while helping eliminate approximately 3,800 metric tons of greenhouse gas emissions. "We're proud of the positive impact that Sempra Foundation's program is making in these communities, and our work doesn't stop here," said Lisa Larroque Alexander, director and board chair of Sempra Foundation. "We are privileged to be able to help make a real difference, and the U.S. Chamber of Commerce Foundation awards bring important attention to the role organizations like ours can play in helping others." For 23 years, the U.S. Chamber Foundation's Citizens Awards have showcased how businesses can be leaders in helping to solve the world's biggest challenges and leverage their resources, expertise and talent to make a positive impact. Companies and chambers of commerce from around the globe compete for the Citizens Awards, making it one of the most coveted recognitions in corporate citizenship. "Sempra Foundation, through Sempra's support, has done exceptional work to expand reliable, cleaner energy access for under-resourced communities," said Marc DeCourcey, senior vice president of the U.S. Chamber of Commerce Foundation. "Its investments are not only filling a critical need for thousands of people, but also helping build economic prosperity and a more sustainable future." The U.S. Chamber Foundation announced the winners of this year's Citizens Awards on November 16, 2022, at the 2022 Corporate Citizenship Conference and Awards: Business Solves. Learn more about the awards program here. About Sempra Foundation Founded by Sempra in 2007, Sempra Foundation has long been focused on investing its energy and resources into efforts to make a real difference for people when they need it most. Sempra Foundation invests in the issue of energy access for those who live in energy poverty, helping to advance social progress and shape a vibrant future for all. The foundation also has a long history of supporting relief efforts when disasters strike, including wildfires, hurricanes, earthquakes and other events. Sempra Foundation additionally encourages community engagement by supporting the 20,000 employees who work for Sempra and its operating companies, helping them to deliver their energy with purpose in communities by matching certain employee contributions of time and money to any eligible 501(c)(3) charitable organization they choose to support. SOURCE Sempra
Sempra Announces Strategic Partnership with ConocoPhillips for Port Arthur LNG
SAN DIEGO, Nov. 22, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have executed a 20-year Sale and Purchase Agreement (SPA) for 5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County, Texas. The parties have also entered into an equity sale and purchase agreement whereby ConocoPhillips will acquire 30% of the equity in Phase 1 of Port Arthur LNG, and a natural gas supply management agreement whereby ConocoPhillips will manage the feedgas supply requirements for Phase 1 of the proposed liquefaction facility. "At Sempra, we certainly believe that great projects are the result of great partnerships," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. "That is why we are excited to announce a broad strategic relationship with ConocoPhillips, which has a growing global footprint across the LNG value chain. Together, we have a shared view of the role this facility can play in supporting global economies with energy supplies that advance both energy security and environmental goals." "We are excited to partner with Sempra, and our participation in the Port Arthur LNG project will further enhance our portfolio as we continue to respond to global demand for reliable supply of natural gas," said Ryan Lance, chairman and chief executive officer of ConocoPhillips. "Sempra has a demonstrated track record of success and shares our commitment to a lower-carbon future." Sempra Infrastructure recently announced it is expecting to make a final investment decision (FID) for Phase 1 of the liquefaction project in the first quarter of 2023. Additionally, the company announced last month that it had finalized an engineering, procurement and construction (EPC) contract with Bechtel Energy for Phase 1. Under the terms of the EPC contract, Bechtel will perform the detailed engineering, procurement, construction, commissioning, startup, performance testing and operator training activities. The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks, and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development. Development of Phase 1 and Phase 2 of the Port Arthur LNG project is contingent on completing the required commercial agreements, securing all necessary permits, obtaining financing and reaching an affirmative final investment decision, among other factors. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and is the only North American utility sector company included on the Dow Jones Sustainability World Index for four consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America , the company is dedicated to enabling cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter . This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on San Diego Gas & Electric Company's (SDG&E) and SoCalGas' cost of capital and the affordability of customer rates and on Sempra Infrastructure's ability to pass through any higher costs to current and future customers due to (i) volatility in inflation, interest rates, foreign currency exchange rates (with respect to Sempra Infrastructure's business) and commodity prices and our ability to effectively hedge these risks, and (ii) with respect to SDG&E's business, departing retail load resulting from additional customers transferring to Community Choice Aggregation and Direct Access; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our businesses; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; 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; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra
SoCalGas and Captura Begin Testing Innovative Direct Ocean Carbon Removal Technology
The advanced technology could help remove carbon from the atmosphere and accelerate CA's climate goals NEWPORT BEACH, Calif., Nov. 22, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and Captura, a carbon removal company founded at Caltech, announced the deployment of an innovative, direct ocean carbon removal technology that uses 100% renewable energy and ocean water to draw down surplus atmospheric CO 2. The technology was recently installed at Caltech's Kerckhoff Marine Lab in Newport Beach and marks the first time the Captura system will be operating in ocean water conditions. Over the next few months, researchers will test and validate the energy efficiency costs and purity of the extracted CO 2. Captura plans to scale up the technology to remove millions of tons of atmospheric CO 2, which could help accelerate achieving California's climate goals. "Just like solar panels, wind turbines, and clean fuels, carbon removal technologies will be essential tools in the clean energy transition," said Neil Navin, SoCalGas vice president for clean energy innovations. "Supporting innovations like the Captura technology helps utilities like SoCalGas plan for the infrastructure investments that will be needed to reach California's climate goals affordably and reliably." Carbon management technologies are expected to play an important role in meeting the state's climate goals. In California, Governor Gavin Newsom's recent ambitious climate proposal includes setting a 20 million metric tons (MMT) carbon removal target for 2030 and 100 MMT carbon removal target for 2045, emphasizing the role of natural and working lands and the need for safe and equitable engineered carbon removal. "The climate crisis is already having a staggering impact on California, from droughts and wildfires to heat waves and other catastrophic weather events," said Assemblymember Cottie Petrie-Norris. "These impacts are only expected to intensify, posing a significant threat to public health and our economy. State leaders need to deploy the full range of technologies available to reduce greenhouse gas emissions, including carbon removal, which leading experts have identified as a critical component of any successful strategy to meet our climate goals." "Captura's process removes a measurable stream of CO 2 from the ocean. We then return that de-carbonized water back into the ocean, which then absorbs the same quantity of CO 2 from the air. The CO 2 stream we produce can then be permanently sequestered or utilized in products," said Steve Oldham, CEO of Captura. "We are grateful for the support that SoCalGas has provided Captura, enabling this initial pilot demonstration and assisting us in quickly scaling up the technology." At commercial scale, Captura plans to deploy its technology atop offshore oil and gas platforms as they reach end of life. In this way, Captura can utilize existing infrastructure and co-locate the technology with existing storage sites. The company works closely with environmental health groups and ocean science experts for the protection of ocean ecosystems. Last year SoCalGas announced its aspiration to achieve net zero greenhouse gas emissions in its operations and the energy it delivers by 2045 and earlier this year released its ASPIRE 2045 Sustainability Strategy to help reach that goal. SoCalGas research has found that carbon management tools like Captura's, when combined with electrification and clean fuels like hydrogen and renewable natural gas, deliver the most affordable, resilient, and technologically proven path to full carbon neutrality. In 2021, SoCalGas joined the U.S. Department of Energy to fund testing of a first-of-its-kind direct air capture technology that captures carbon dioxide from the air while simultaneously collecting water that can be reused for irrigation. The company has a dozen carbon management projects in its Research, Development & Demonstration portfolio, designed to develop new tools to help with decarbonization and net-zero innovation. Video of the pilot ocean carbon removal technology is available here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About Captura Captura is a carbon removal company headquartered in Pasadena, California. Captura uses the ocean to extract CO2 from the atmosphere at huge scale and at an affordable cost, providing a critical capability in the fight against climate change. Captura was founded at Caltech and was selected as one of 15 Milestone Awards winners for the Carbon Removal XPRIZE. For more information, visit www.capturacorp.com This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," " construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
Southern California Minority Supplier Development Council Names SoCalGas CEO Scott Drury 2022 CEO Diversity Champion
In 2021 SoCalGas set a record with 42% - nearly $1 billion – of all our goods and services purchased from women, minority, LGTBQ, and disabled veteran business enterprises LOS ANGELES, Nov. 18, 2022 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced that Chief Executive Officer, Scott Drury, was named 2022 CEO Diversity Champion by the Southern California Minority Supplier Development Council (SCMSDC), which represents more than 1,500 certified minority-owned businesses and is the leading minority business certifying organization in Southern California. Mr. Drury was recognized by SCMSDC for embodying "the leadership needed to advance diversity and inclusion in contracting," and for featuring supplier diversity as a centerpiece of SoCalGas' ASPIRE 2045 sustainability strategy. "Behind every success and achievement is a champion and leader who inspires and clears the path to empower their team to achieve their best," said Virginia Gomez, President and CEO of Southern California Minority Supplier Development Council. "SoCalGas' CEO Scott Drury embodies the visionary leadership needed to advance diversity and inclusion in contracting." "SoCalGas is a leader in sustainability with innovations across our business, including in the communities we serve," said SoCalGas CEO Scott Drury. "Last year we set a record with 42% - nearly $1 billion – of all our goods and services purchased from women, minority, LGBTQ, and disabled veteran business enterprises. Our Aspire 2045 plan includes a goal to do even more to support diverse suppliers and to invest another $50 million over the next five years in underserved communities. I am grateful to our partners at SCMSDC and to the entire team at SoCalGas whose great work helped us reach these important milestones." Over the last five years, SoCalGas has spent $3.9 billion with diverse business enterprises and has exceeded the CPUC's diverse business spending goals for 29 consecutive years. SoCalGas' ASPIRE 2045 sustainability strategy, includes an even bolder goal to achieve 45% spending with diverse business enterprises by 2025. SoCalGas partners with the SCMSDC throughout the year for various programs including technical assistance classes, providing fundamentals to business owners in accounting, finance, and management, creating a stronger business plan, pitching competition, and identifying solutions and strategies to grow their businesses. SoCalGas also helped launch the SCMSDC's corporate council in 2022 to help identify new innovative strategies and bring in new suppliers and other corporations to create and leverage for economic opportunities for diverse suppliers. More information about SoCalGas' commitment to supplier diversity can be found in its 2021 Supplier Diversity Annual Report. SoCalGas invites diverse businesses to engage and learn more about the Supplier Diversity Program at socalgas.com/for-your-business/supplier-diversity. The company's ASPIRE 2045 sustainability strategy covers a broad range of goals and initiatives aimed at achieving a safe, reliable, resilient, affordable, and equitable energy transition to net zero. Last month, SoCalGas was awarded the top "Business Transformation Award" at the 2022 Responsible Business Awards, hosted by Reuters Events, for having established truly transformative sustainability priorities with the potential to create impact at scale in the energy sector and beyond. To learn more about sustainability initiatives at SoCalGas, click here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to have net-zero greenhouse gas emissions by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Declares Common Dividend
SAN DIEGO, Nov. 15, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its board of directors has declared a $1.145 per share quarterly dividend on the company's common stock, which is payable Jan. 15, 2023, to common stock shareholders of record at the close of business on Dec. 22, 2022. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and is the only North American utility sector company included on the Dow Jones Sustainability World Index for four consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra
Sempra Infrastructure and Williams Announce Preliminary Agreements for LNG Offtake, Gas Supply, and Associated Pipeline Projects
HOUSTON, Nov. 15, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a heads of agreement (HOA) with Williams (NYSE: WMB) for the offtake of liquefied natural gas (LNG) and development of associated natural gas pipeline projects to further connect abundant U.S. natural gas supplies in the Gulf Coast region to markets around the world. The HOA contemplates negotiation and finalization of two 20-year long-term sale and purchase agreements for approximately 3 million tonnes per annum (Mtpa) of LNG in the aggregate from the Port Arthur LNG project under development in Jefferson County, Texas, and the Cameron LNG Phase 2 project under development in Hackberry, Louisiana. The HOA also contemplates the negotiation of a separate natural gas sales agreement for approximately 0.5 billion cubic feet per day (Bcfd) to be delivered in the Gillis, Louisiana area, as feed gas supply for the referenced LNG projects. In addition, Sempra Infrastructure and Williams anticipate forming a strategic joint venture to own, expand and operate the existing 2.35 Bcfd Cameron Interstate Pipeline that is expected to deliver natural gas to the Cameron LNG Phase 2 project under development, as well as the proposed Port Arthur Pipeline Louisiana Connector that is expected to deliver natural gas to the proposed Port Arthur LNG facility. "We are excited to continue advancing our U.S. Gulf Coast LNG and associated pipeline projects as we work to help satisfy a growing global demand for cleaner, more reliable energy sources," said Justin Bird, CEO of Sempra Infrastructure. "We look forward to advancing our relationship with Williams, a like-minded company that shares our commitment to building a future of energy abundance, affordability and security." "Williams is pleased to pursue this strategic transaction with Sempra Infrastructure. We see it as an opportunity to combine our capabilities along the natural gas value chain and increase the delivery of low-carbon, affordable and reliable natural gas from the wellhead to the growing international market," said Alan Armstrong, president and CEO of Williams. "Facilitating the delivery of next generation natural gas to ease energy constraints at home and overseas, while also helping to meet domestic and global climate goals, is central to our natural gas focused strategy, and we look forward to being well aligned with Sempra Infrastructure's unique capabilities and competitive advantages in the LNG infrastructure space." Port Arthur LNG has the potential to become one of the largest LNG export facilities in North America. Phase 1 of Port Arthur LNG is permitted and expected to include two liquefaction trains and LNG storage tanks, as well as associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. Sempra Infrastructure recently announced it is expecting to take a final investment decision for Phase 1 of the liquefaction project in the first quarter of 2023. Additionally, the company announced last month that it had amended and restated its engineering, procurement and construction contract with Bechtel Energy for Phase 1. Port Arthur LNG Phase 2 is being developed as a similarly sized project located adjacent to the Phase 1 project. The Cameron LNG Phase 2 project is expected to include a single LNG train with a maximum production capacity of 6.75 Mtpa of LNG, as well as debottlenecking of the existing three LNG trains. The project is expected to include certain design enhancements resulting in a more cost-effective and efficient facility, while also reducing overall greenhouse gas emissions. The referenced HOA is a preliminary, non-binding arrangement, and the development of Sempra Infrastructure's LNG and associated pipeline projects remains subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, signing engineering and construction contracts where applicable, obtaining financing and reaching a final investment decision for each project. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. About Williams As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation's largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, by ransomware attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our ability to pass through any higher costs to current and future customers due to volatility in inflation, interest and foreign currency exchange rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may be disputed or not covered by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure

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