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Displaying results 241 - 255 of 1204
Sempra to Report Second-Quarter 2023 Earnings August 3
SAN DIEGO, July 17, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its second-quarter 2023 earnings by 7 a.m. ET on Thursday, August 3. Sempra executives will conduct a conference call at 12 p.m. ET, Thursday, August 3. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation detailing the earnings results will be published to Sempra's Investors site by 7 a.m. ET on Thursday, August 3. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor's Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. SOURCE Sempra
Sempra’s sustainable business practices start with employees
Coalition for Clean Air, and SDGE VP of Energy Procurement and Sustainability, Estela de Llanos helps make a difference with clean energy alongside Sempra Foundation
New SoCalGas Analysis Underscores Immediate Need for Clean Fuels Investment to Maintain California's Grid Reliability in Net-Zero Scenario
The analysis indicates that by 2045, considerable renewable generation resources, like wind, solar, and batteries will be needed, including up to 10 more GW of clean renewable hydrogen generation to shore up the 2021 Clean Fuels Study (CFS) electric portfolios. LOS ANGELES, July 11, 2023 /PRNewswire/ -- A new detailed analysis released today by Southern California Gas Company (SoCalGas) further reveals how clean fuels like clean hydrogen and renewable natural gas (RNG) are poised to offer a solution to keep the electric grid reliable as California scales up intermittent renewable resources and electric demand. SoCalGas' The Evolution of Clean Fuels in California Reliability Analysis expands on the company's 2021 Clean Fuels Study (CFS) finding that infrastructure development for the delivery of clean fuels like hydrogen could support critical power generation and drive further adoption of clean fuels solutions for other hard-to-electrify sectors in California. The analysis underscores that by 2045, considerable renewable generation resources, like wind, solar, and batteries will be needed, including up to 10 more GW of clean renewable hydrogen generation to shore up CFS electric portfolios. "Today, natural gas plants are a critical resource for system balancing and to help ensure electric reliability. Our modeling shows that as greater parts of the economy electrify, the resulting increase in electric demand could further strain the state's electric grid during times of high demand," says Jawaad Malik, chief strategy and sustainability officer at SoCalGas. "This updated analysis provides new insights into how California can achieve net-zero emissions in 2045 without sacrificing grid reliability as electric demand grows." By evaluating every hour in a year to model the potential for an electric system outage, the analysis produced more robust results and additional insights into what circumstances can cause the grid to experience periods of strain. "Early investment in clean fuels infrastructure could be key to supporting a reliable and resilient energy grid that is adequately prepared for future conditions," Malik continued. "Due to the long lead times required for infrastructure development, the analysis underscores how the prioritization of immediate investment in the clean fuels network could be vital in helping California reach its long-term energy needs and decarbonization goals." SoCalGas is a leader in sustainability, having been among the first and largest natural gas utilities in the United States to announce its aim to have net-zero greenhouse gas emissions by 2045. The company was awarded the top "Business Transformation Award" at Reuters Events' 2022 Responsible Business Awards for having established truly transformative sustainability priorities with the potential to create impact at scale in the energy sector and beyond. Toward that end, the California Public Utilities Commission (CPUC) approved SoCalGas' request to track costs for advancing the first phase of the Angeles Link project, which could be the nation's largest clean renewable hydrogen pipeline system and support significantly reducing greenhouse gas emissions from heavy-duty trucks, power generation, industrial processes, and other hard-to-electrify sectors of the Southern California economy. Angeles Link, the [H2] Innovation Experience, and more than a dozen hydrogen demonstration projects SoCalGas is currently pioneering, are all part of its ongoing efforts to help accelerate California's energy transition. Read more on how clean fuels infrastructure can help accelerate decarbonization efforts while supporting electric reliability in SoCalGas' The Evolution of Clean Fuels in California Reliability Analysis. For more information about SoCalGas' clean energy innovation, visit https://socalgas.com/cleanfuels. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
SDG&E adds two more energy storage facilities to strengthen summer grid reliability and advance clean energy goals
In recent years, SDG&E has more than doubled its utility-owned energy storage capacity SAN DIEGO, July 6, 2023 /PRNewswire/ -- As part of its commitment to help bolster summer grid reliability and advance California's 100% clean energy goal, San Diego Gas & Electric (SDG&E) has completed two additional utility-owned energy storage facilities totaling 171 megawatts (MW), enough to power almost 130,000 homes for four hours. B-Roll Package + Photos Available for Download Here The 131MW Westside Canal project located in Imperial Valley – home to a high concentration of solar, wind, and geothermal generation facilities – is the largest storage asset in SDG&E's utility-owned energy storage portfolio; the 40MW Fallbrook project, located in Northern San Diego County, is the second largest in its portfolio. SDG&E's energy storage portfolio is expected to reach 345 MW of power capacity by the end of the year, sufficient to meet over 15% of its customers' load on a typical day and 7% on a system peak day. These energy storage assets participate in the energy markets managed by the California Independent System Operator, allowing CAISO to store and dispatch clean energy from the facilities to meet electricity demand as needed. "The beauty of energy storage is it can help California solve two problems simultaneously. It can soak up surplus renewable energy during the day, so solar and wind farms don't have to cut off production when demand on the grid is low," said SDG&E's Vice President of Energy Innovation Miguel Romero. "By extending the availability of clean energy to peak evening hours, energy storage can also help California achieve its clean energy goals by reducing reliance on conventional power plants to meet peak electricity demand." In recent years, as wind and solar generation capacity has soared in California, renewable generation facilities have had to increasingly curtail, or scale back, energy production to keep the grid balanced. At times, California has had to pay neighboring states to take its oversupply of solar energy in order to avoid overloading the grid. In recent years, California has also experienced repeated grid emergencies during record heat waves, which pushed the grid to the brink due to energy demand exceeding supply. "With our state experiencing more frequent climate extremes such as record heat waves and droughts, it is essential to invest in innovations like energy storage to make sure we can continue to power the world's 4 th largest economy reliably," said CAISO President and CEO Elliot Mainzer. "The rapid growth of energy storage in California in recent years gives me optimism about our state's future and its capacity to respond to climate change." Westside Canal consists of more than 800 cubes of stacked lithium-ion batteries which stretch across roughly 16 acres of land. It began commercial operation in June. Like Westside Canal, the Fallbrook energy storage project is also made up of stacks of lithium-ion batteries tightly packed inside metal cubes. The Fallbrook project began commercial operation in May. Both facilities are equipped with safety features, remote monitoring, and automation technologies. When smoke or other anomalies are detected, the units will automatically shut down. The completion of these projects follows two other utility-owned storage projects SDG&E has brought online in recent years. The company finished the Top Gun Energy Storage Facility (30MW) in the Miramar area of San Diego in 2021 and the Kearny Energy Storage Facility (20MW) in the Kearny Mesa area of San Diego in 2022. SDG&E is an innovative energy delivery company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by increasing energy delivered from low or zero-carbon sources; accelerating the adoption of electric vehicles; and investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram ( @SDGE) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) the cost of the energy transition in California, and (iii) departing retail load resulting from additional customers transferring to Community Choice Aggregation and Direct Access; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE San Diego Gas & Electric
Sempra Commemorates 25 Years of Innovation, Safety and Service to Others
Company leaders launch 25 th anniversary celebrations ringing NYSE opening bell SAN DIEGO, June 29, 2023 /PRNewswire/ — Sempra (NYSE: SRE) (BMV: SRE) today begins its 25 th year of business, marking a quarter century of continued performance and progress toward its mission to be North America's premier energy infrastructure company. "Over the past 25 years, we have been connecting people to safer, more reliable and cleaner energy sources, empowering communities and providing value to shareholders, while also driving growth in some of North America's largest economic markets," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. "I am honored to celebrate this significant milestone in partnership with the thousands of talented employees across Sempra's family of companies who share a common mission and commitment to a high-performance culture." To commemorate Sempra's 25 th anniversary, company leadership participated in the ringing of the New York Stock Exchange opening bell in New York this week, initiating company-wide celebrations from coast to coast. Sempra was formed on June 29, 1998, from a merger between two century-old utilities: Pacific Enterprises and Enova Corporation, the parent companies of Southern California Gas Co. and San Diego Gas & Electric Co., respectively. Since then, Sempra has grown into one of the leading North American energy infrastructure companies with service to nearly 40 million consumers in California, Texas and Mexico. The company has developed a portfolio of businesses over the last two and a half decades comprised of top-tier utilities and long-term contracted energy infrastructure assets. Sempra's disciplined capital allocation approach and sustained performance has delivered long-term value for its shareholders, resulting in a total shareholder return of roughly 1,200% from 1998 through 2022. During that same period, the company's market capitalization increased 810% from $6 billion in 1998 to nearly $50 billion at the end of 2022. Today, Sempra's three growth platforms — Sempra California, Sempra Texas and Sempra Infrastructure — are building modern infrastructure to deliver electricity and cleaner fuels to some of North America's leading economies and globally. Together, these growth platforms serve a common purpose of helping to meet the world's expanding decarbonization and energy security goals. The company is currently executing a record $40 billion capital plan for 2023-2027 to connect customers to cleaner energy, strengthen community resilience against extreme weather events and increase safety and reliability. The referenced capital plan only includes Sempra's proportionate ownership share of capital expenditures. Across the Sempra family of companies, 20,000 employees are bound by a common set of values — do the right thing, champion people and shape the future — and a shared vision to deliver energy with purpose. These values underpin Sempra's commitment to empowering communities and supporting social progress. Over the course of its 25-year history, Sempra's family of companies and the Sempra Foundation have contributed more than $440 million to charitable causes and continue to find innovative ways to support the communities they serve. About Sempra Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. The company is also consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performance culture focused on safety and operational excellence, leadership and workforce development and diversity and inclusion. Investor's Business Daily named Sempra the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance. Sempra was also included on the Dow Jones Sustainability North America Index for the 12th consecutive year. More information about Sempra is available at sempra.com and on Twitter @Sempra. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas , and other governmental and regulatory bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of third parties; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to the energy industry in Mexico ; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of the clean energy transition in California , (iii) with respect to SDG&E's business, departing retail load resulting from additional customers transferring to Community Choice Aggregation and Direct Access, and (iv) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine , any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
New York Stock Exchange celebrates Sempra’s 25th anniversary
Sempra CEO, Martin rings bell, and talks next decade of energy sector modernization after 25 years of growth, and building the premier energy infrastructure company.
YMCA of Metropolitan Los Angeles Receives $325,000 Donation to Address Food Insecurity from SoCalGas' Fueling Our Communities Initiative
SoCalGas' $4 Million Initiative Fueling Our Communities will provide food for families and seniors in need; Largest Donation to the YMCA of Metropolitan Los Angeles will provide 20,000 meals LOS ANGELES, June 27, 2023 /PRNewswire/ -- As part of SoCalGas' 2023 Fueling Our Communities initiative, the company announced a $325,000 donation to the YMCA of Metropolitan Los Angeles. This donation to the YMCA-LA's program, FEED LA, will serve approximately 20,000 low-income residents throughout Los Angeles County with "Grab and Go" meals and fresh produce. The grant to the YMCA-LA is the largest of several other anticipated donations to local charities, funding local nonprofits' programs to provide meals and groceries for low-income individuals this year. SoCalGas is expanding the impact of the 2023 Fueling Our Communities initiative by allocating $4 million, the largest commitment to date, to new and existing partnerships with food banks and nonprofits throughout SoCalGas' 12-county service area. "In the face of food insecurity, our district's strength lies in the unwavering commitment of organizations like the YMCA, dedicated to fostering equitable access to nutritional meals for those in need," said Congressman Jimmy Gomez (CA-34). "Through the generous support of community partners, the YMCA will extend its reach, providing even more nutritious food to families and individuals across the district. Meanwhile, I will continue working in Congress to expand food nutrition programs and ensure healthy meals are accessible and affordable for everyone." "Food insecurity is a serious crisis that affects a significant number of residents in LA County," said Los Angeles County Supervisor Hilda L. Solis, representing the First District. "I am grateful for community partners such as the YMCA, which strives to ensure that everyone, regardless of their circumstances, has equitable access to nourishing meals. I extend my sincere gratitude to SoCalGas for their generous contribution, as it will empower the YMCA to expand the number of meals it provides to individuals and families in need across the County." The YMCA Of Metropolitan Los Angeles' FEED LA program provides fresh food and nutritious meals in underserved areas and is aimed toward ending food insecurity in Los Angeles County. Hunger continues to be a pressing and widespread issue with a recent study revealing approximately 1 in 4 residents face food insecurity. The YMCA-LA remains steadfast in its commitment to ensuring Los Angeles residents have access to healthy food choices. To date, the YMCA-LA's food insecurity programs have distributed over 9 million pounds of fresh produce to low-income families and seniors."The YMCA-LA Feed LA program has fed thousands of families in need throughout Los Angeles for over two years," said Victor Dominguez, President and CEO, YMCA of Metropolitan Los Angeles. "As a result of SoCalGas's generous contribution to the program, we can continue to fight food insecurity in communities that need help the most and we are grateful for their partnership and support." By partnering with SoCalGas, the YMCA-LA is able to expand the program to San Fernando Valley communities in need, fund home deliveries for seniors, and increase the frequency of the Feed LA program at some locations, while continuing to serve families at Y branches throughout Los Angeles County. Both the YMCA-LA and SoCalGas are committed to bridging the gap in food access for underserved communities by providing nutritious meals and groceries to thousands of families. " Fueling Our Communities is one way we demonstrate SoCalGas' commitment to investing in our service area communities. Partnering with the YMCA of Metropolitan Los Angeles was an easy choice because of their reach and relationships with the communities they serve," said SoCalGas Chief Operating Officer Jimmie Cho. "Food insecurity is a critical issue across the state, with many local food banks reporting that they are serving double the amount of people compared with 2019. This initiative began during the COVID-19 pandemic and partnerships like this one with the LA Y have helped provide tens of thousands of families with fresh produce and food."The Fueling Our Communities initiative began in 2020 as a collaborative effort between SoCalGas and five regional nonprofits in response to the COVID-19 pandemic. During its first summer, the program successfully provided more than 140,000 meals to 40,000 individuals from underserved communities across Southern California.SoCalGas is expanding the impact of the 2023 Fueling Our Communities initiative by allocating $4 million, the largest commitment to date, to new and existing partnerships with food banks and nonprofits throughout SoCalGas' 12-county service area. This expansion will primarily focus on serving families and seniors in need, providing vulnerable populations with food support that is so needed.SoCalGas remains committed to making a positive difference in the communities it serves, and the Fueling Our Communities effort is a testament to this ongoing dedication. By addressing food insecurity in Los Angeles County, SoCalGas and its partners aim to create a healthier and more sustainable future for all. Media assets can be found here . About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the YMCA of Metropolitan Los Angeles: The YMCA-LA is committed to rebuilding communities by providing equitable programs and services to empower all Angelenos. The Y-LA is focused on fighting food insecurity, providing equity in education, making sure every child has the opportunity to experience the joy of sports, ensuring kids and teens have a safe place to grow, learn and live a healthy lifestyle. The LA-Y's health and wellness initiatives offer medical and mental health resources to ensure everyone has access to basic health needs. During the pandemic, the LA-Y became the safety net for millions of Angelenos. They provided millions of meals, hundreds of thousands of hours of free childcare, arranged critical blood drives, provided showers for the homeless, flu and COVID vaccines as well as medical and mental health assistance. Visit https://www.ymcala.org for more information. Follow us on Facebook, Instagram or Twitter. SOURCE Southern California Gas Company
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SoCalGas Machine Learning Project Achieves $150,000 Annual Savings, Nearly 1,000 Metric Tons of Annual CO2 Reductions For Industrial Customer
METRON machine learning technology helped digitize and optimize operations and identify opportunities for increased efficiency and reduced greenhouse gas emissions LOS ANGELES, June 15, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) is announcing the results of a machine learning project that helped an industrial customer achieve $150,000 in annual, recurring energy savings and nearly 1,000 metric tons of annual CO2 reductions, all through an initial setup cost of just $100,000. Thanks to this technology, The Gill Corporation has cut its yearly utility bill by 6 percent, while also reducing CO2 – equivalent to avoiding 112,524 gallons of gasoline consumed annually. The project, a collaboration with the METRON company, set out to find ways to use machine learning and digitization to help optimize industrial processes for cost and energy savings, along with reducing their emissions. In 2020, SoCalGas and METRON selected The Gill Corporation, a leading manufacturer of high-performance composite materials and products for the aerospace, transportation, and other industries, for deployment of this technology. "Energy efficiency continues to be one of the most cost-effective ways we can reduce greenhouse gas emissions and promote energy reliability now as we continue to develop additional tools to achieve our company's and California's efforts to achieve net zero," said Neil Navin, SoCalGas Chief Clean Fuels Officer. "We're thrilled at the cost savings and CO2 reductions achieved from the METRON project and are eager to find more opportunities for SoCalGas customers to explore this technology." "We are pleased to have been able to quantify these figures and reduce our organization's carbon footprint and energy costs. It is only the beginning," said Israel Palomino, Senior Mechanical Engineer at The Gill Corporation. "We are proud of the results delivered for The Gill Corporation with SoCalGas. We are looking forward to rolling out the METRON platform at a wider scale in California to support other SoCalGas industrial customers with energy consumption and carbon reduction through energy efficiency," said Vincent Sciandra, CEO of METRON. The technology behind METRON used machine learning to determine where in the industrial processes resources were needed or where data was lacking and additional sensors would be required to fill information gaps. The project allowed a fully centralized digitization of The Gill Corporation's operations and identified significant ways to reduce both energy use and carbon emissions. The METRON project is among dozens of research, development and demonstration projects that SoCalGas is funding to help achieve its aim to have net-zero greenhouse gas emissions by 2045. In 2022 alone, SoCalGas' Research Development & Demonstration (RD&D) program invested more than $13 million in hundreds of energy technology and clean fuels projects—from technology that converts carbon dioxide from industrial sources into consumer products to fuel-flexible power generators or innovative hydrogen fuel cell yard trucks for demanding port operations. The program, along with its partners, will be supporting approximately $400 million in decarbonization research through 2025. More information about SoCalGas' RD&D projects can be found in SoCalGas' recently released RD&D Annual Report. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company
89 Local Restaurants Receive Assistance Grants Through Restaurants Care Resilience Fund
For the third year in a row, SoCalGas has participated in the Restaurants Care Resilience Fund by donating $1,000,000 to support small businesses and drive positive change in diverse and underserved communities across California LOS ANGELES, June 13, 2023 /PRNewswire/ -- 89 independently owned restaurants across Central and Southern California received $5,000 grants from the California Restaurant Foundation's (CRF) Restaurants Care Resilience Fund. Each restaurant receiving a grant can use the funds for equipment and technology upgrades, unforeseen hardship, employee retention bonuses and employee training, allowing California's independent restaurant owners to continue their businesses during challenging times. The $2.1 million fund, supported by SoCalGas with a $1,000,000 donation, and other California utility companies, is the largest to date in terms of overall funding, individual grant sizes and grant utilization. "With the generosity of SoCalGas, the Resilience Fund helped California's independent restaurant community for a third consecutive year," said Alycia Harshfield, Executive Director of CRF. "It's apparent that there is still a significant need for restaurant assistance, as we received 25% more applications this year than last. While these grants will allow local restaurant owners to build more resilient businesses, we also hope to inspire Californians to support their vibrant local restaurant community in any way they can, whether that's through dining, sharing on social media or spreading the word to friends and family." "SoCalGas and the California Restaurant Foundation are truly creating a positive impact on the lives of small business owners, their employees, and the communities these restaurants serve," said Assemblymember Mike Gipson. "Through this fund, SoCalGas is helping our favorite local restaurants be successful now and long into the future." "Local restaurants, the heart and soul of our community, are where friendships are forged, milestones celebrated, and delicious meals enjoyed. I'm pleased to witness the partnership of SoCalGas and the California Restaurant Foundation, extending vital aid to our cherished restaurants, often family-owned enterprises. With this support, we ensure their thriving existence, cultivating an environment where tasty meals and lasting connections flourish," said Thousand Oaks Mayor Kevin McNamee. "Thank you SoCalGas for allowing us to reward our employees who worked through the hardest times with us, and for giving us support in covering our bills. This grant has raised our team's morale and helped us for the best," said Valeria Loera, owner and manager of Lichis Mex LLC in Tujunga. "The grant is going to be used for equipment and maintenance on our storefront. More importantly, this direct support makes our restaurant feel seen and heard, empowering us with financial resources to achieve our goal of serving our customers with high-quality food and service," said Virgie Van Horst of Great Steak Bomb Hoagie in Simi Valley. Of the 89 grant recipients in SoCalGas' service area, 64% of this year's grant winners identify as female and 84% identify as people of color. About 64% of the grant funds will be used for equipment and technology upgrades and around 36% of the $5,000 grants will be put towards unforeseen hardships, employee training, and employee bonuses. To qualify, the restaurants needed to have five units or less, and less than $3 million in revenue. To see the full list of grant recipients, please visit www.restaurantscare.org/resilience. Impressively, the Resilience Fund has provided financial assistance to nearly 1,000 independent restaurants across California over the last three years. The Resilience Fund is currently accepting additional support from corporations, foundations and individuals who want to invest in California's vibrant restaurant community. Donations of all sizes are accepted and celebrated at www.restaurantscare.org/resilience. For more information about the California Restaurant Foundation or their Restaurants Care Resilience Fund, please visit www.restaurantscare.org. More media assets can per region be found here . About the California Restaurant Foundation (CRF): California is home to more than 90,000 eating and drinking places that ring up more than $72 billion in sales and employ more than 1.6 million workers, making restaurants an indisputable driving force in the state's economy. The California Restaurant Foundation is a non-profit that empowers and invests in California's restaurant workforce. Founded in 1981, CRF supports the restaurant community through relief grants for restaurant workers facing a hardship, job and life skills training for 13,500 high school students each year, and scholarships. For more information visit www.calrestfoundation.org. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
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SoCalGas Receives Honor for "Clean Energy Investment Leader of the Year" from The Cleanie Awards
Award recognizes innovators in clean energy and decarbonization LOS ANGELES, May 25, 2023 /PRNewswire/ -- Southern California Gas Co.'s (SoCalGas) Research, Development and Demonstration (RD&D) department has been recognized as the "Silver Winner" in the category of "Clean Energy Investment Leader of the Year" from the Cleanie Awards. The Cleanie Awards are a cleantech industry awards program focused on honoring innovators, accelerators and disruptors who are creating market-moving climate solutions. The "Clean Energy Investment Leader of the Year" category is designed to recognize organizations that have, "invested in unique and noteworthy projects and technology that benefit their respective organizations and the clean energy economy overall." "We're honored to have received an award that recognizes our RD&D projects, innovation and hard work to help decarbonize California," said Neil Navin, SoCalGas Chief Clean Fuels Officer. "We have an important part to play in the state's transition to a clean energy economy and will continue to develop clean energy solutions that get us closer to a zero-emissions California." "We are thrilled to be recognizing passionate thought leaders and organizations who are playing a pivotal role in accelerating the net-zero transition," said Randee Gilmore, Executive Director, The Cleanie Awards. "We are five years into the program, and continuously see a double digit increase in submissions year over year. As our industry continues to grow, we look forward to continuously highlighting the successes of those championing and advocating for the sustainable future." SoCalGas is a leader in sustainability, having been the first large natural gas utility in the United States to announce its aim to have net-zero greenhouse gas emissions by 2045. A key component of its sustainability efforts is Angeles Link, a proposed green hydrogen pipeline system that could deliver clean, reliable, renewable energy to the Los Angeles region. In December, the California Public Utilities Commission (CPUC) approved SoCalGas' request to track costs for advancing the first phase of the project, which could be the nation's largest green hydrogen pipeline system and support significantly reducing greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, and other hard-to-electrify sectors of the Southern California economy. Angeles Link, the [H2] Innovation Experience hydrogen microgrid and more than a dozen hydrogen demonstration projects SoCalGas is currently pioneering, are all part of its ongoing efforts to help accelerate California's energy transition. SoCalGas' efforts were also recognized in October, when the company was awarded the top "Business Transformation Award" at Reuters Events' 2022 Responsible Business Awards for having established truly transformative sustainability priorities with the potential to create impact at scale in the energy sector and beyond. For more information about SoCalGas' clean energy innovation, visit https://socalgas.com/cleanfuels. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to over 21 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, issuances or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of third parties; litigation, arbitrations and other proceedings, and changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; failure of our counterparties to honor their contracts and commitments; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, and (ii) the cost of the clean energy transition in California; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and our ability to incorporate new technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the withdrawal of natural gas from storage facilities; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those imposed in connection with the war in Ukraine, any of which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

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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).