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

Investors
Careers
Newsroom
SRE: ()

Our business
Who we serve
Our team

Displaying results 316 - 330 of 1201

Creating new leaders: a Veterans Day conversation with Sempra Chairman and CEO Jeffrey Martin

Energy Infrastructure company, Sempra, and CEO, Jeffery Martin celebrate Veterans Day, sharing Martin's history in the U.S. Army, and reflections on leadership

Sempra Named Trendsetter in Political Disclosure Practices and Accountability for Seventh Consecutive Year

SAN DIEGO, Nov. 7, 2022 /PRNewswire/ -- For the seventh consecutive year, Sempra (NYSE: SRE) (BMV: SRE) has been recognized as a Trendsetter in corporate political disclosure practices and accountability in the 2022 CPA-Zicklin Index. The CPA-Zicklin Index is released annually by the Center for Political Accountability (CPA) and the Zicklin Center for Business Ethics Research at the University of Pennsylvania's Wharton School. The index measures political disclosure and accountability policies and practices for election-related spending by S&P 500 and Russell 1000 companies, including political spending policies and board oversight. Companies that score 90 points or higher on the index are considered Trendsetters. "Sempra's performance starts with strong corporate governance and responsible stakeholder engagement," said Lisa Alexander senior vice president of corporate affairs and chief sustainability officer for Sempra. "Our core value, do the right thing, underpins our sustainable business practices that help drive high performance, capture new opportunities and deliver long-term sustainable value for shareholders and all our other stakeholders." This year's ranking marks the ninth consecutive year that the company has been ranked in the first tier, representing businesses that scored 80 points or higher. This year Sempra was named a Trendsetter with a score of 94 out of a possible 100. "Today, investors, employees and customers have come to expect political transparency and accountability from their companies," said CPA President Bruce Freed. "Since 2016, Sempra, has been a Trendsetter in the Index, reflecting its position as a leader in corporate political transparency and accountability among a select few of the world's most valuable companies." Sempra was also named to Newsweek's "America's Most Responsible Companies" and Fortune's "World Most Admired Companies" lists for 2022, further demonstrating the company's commitment to sustainable business practices. Sempra and its operating companies advance responsible stakeholder engagement through strong governance policies and disclosures that help promote transparency and accountability in political engagement. 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

Sempra Reports Strong Third-Quarter 2022 Earnings Results

Announced Projected FID Timing for Port Arthur LNG Phase 1 Updated Full-Year 2022 GAAP and Raised Adjusted EPS Guidance Ranges SAN DIEGO, Nov. 3, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced third-quarter 2022 earnings of $485 million, or $1.53 per diluted share, compared to third-quarter 2021 losses of $648 million, or $2.03 per diluted share. On an adjusted basis, the company's third-quarter 2022 earnings were $622 million or $1.97 per diluted share, compared to $545 million, or $1.70 per diluted share, in 2021. As a result of the company's strong execution and financial results in the first nine months of the year, Sempra is updating its full-year 2022 GAAP earnings per common share (EPS) guidance range to $7.07 to $7.37 and raising its full-year 2022 adjusted EPS guidance range to $8.70 to $9.00. "Disciplined execution across our three growth platforms drove strong third-quarter financial results, while also advancing our mission to be North America's premier energy infrastructure company," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. "We have made significant progress on advancing development at Port Arthur LNG, where we now expect to take a final investment decision on Phase 1 in the first quarter of next year." Sempra's earnings for the first nine months of 2022 were $1.656 billion, or $5.23 per diluted share, compared with earnings of $650 million, or $2.09 per diluted share, in the first nine months of 2021. Adjusted earnings for the first nine months of 2022 were $2.172 billion, or $6.87 per diluted share, compared to $1.949 billion, or $6.27 per diluted share, in the first nine months of 2021. The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP (generally accepted accounting principles in the United States of America) earnings, reconciled to adjusted earnings, for the third quarter and first nine months of 2022 and 2021. Three months ended Nine months ended September 30, September 30, (Dollars and shares in millions, except EPS) 2022 2021 2022 2021 (Unaudited) GAAP Earnings (Losses) $ 485 $ (648) $ 1,656 $ 650 Impacts Associated with Aliso Canyon Litigation and Regulatory Matters 101 1,132 199 1,132 Impact from Foreign Currency and Inflation on our Monetary Positions in Mexico and Associated Undesignated Derivatives (2) (28) 89 41 Net Unrealized Losses on Commodity Derivatives 38 89 108 176 Deferred Income Tax Expense Associated with the Change in our Indefinite Reinvestment Assertion Related to the Sale of NCI to ADIA - - 120 - Earnings from Investment in RBS Sempra Commodities LLP - - - (50) Adjusted Earnings 1 $ 622 $ 545 $ 2,172 $ 1,949 Diluted Weighted-Average Common Shares Outstanding 316 319 316 311 GAAP EPS $ 1.53 $ (2.03) $ 5.23 $ 2.09 Diluted Weighted-Average Common Shares Outstanding - Adjusted 316 320 316 311 Adjusted EPS 1 $ 1.97 $ 1.70 $ 6.87 $ 6.27 1. See Table A for information regarding non-GAAP financial measures and descriptions of adjustments. Sempra California Sempra California's San Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co. (SoCalGas) continue to advance key regulatory filings to support the companies' investments, which align with California's clean energy goals and focus on safety, reliability and decarbonizing the economy. Both companies are awaiting a final decision by year-end from the California Public Utilities Commission (CPUC) on their updated cost of capital applications for 2023 through 2025, which were filed earlier this year. Specific to SDG&E's 2022 off-cycle cost of capital application, a proposed decision and an alternate proposed decision were issued on September 30, and the CPUC is scheduled to approve a decision today. Additionally, both SDG&E and SoCalGas are continuing to pursue a series of opportunities to advance clean energy and new technologies in California. In September, the companies filed a joint CPUC application with Southwest Gas to conduct hydrogen blending demonstration projects in collaboration with the Universities of California at Irvine and San Diego to enhance grid resiliency and help the state reach its goal of carbon neutrality by 2045. The projects build upon years of research to scale hydrogen blending to help drive decarbonization across multiple sectors of the economy. Other projects either proposed or under development by SDG&E or SoCalGas in pursuit of sustainable technologies include opportunities to supply renewable natural gas to customers, deploy microgrids and develop energy storage at strategic locations and substations in their service areas. Also, SoCalGas is advancing decarbonization of the Los Angeles region through Angeles Link, its proposed green hydrogen energy network. Sempra Texas In Texas, Oncor has invested $2.2 billion of its $3 billion 2022 capital plan to support strong economic growth and improved system reliability and expansion in its service territory. During the quarter, Oncor connected approximately 14,000 new premises, bringing its year-to-date new premise count to approximately 49,000. Additionally, Oncor remains on pace to set a company record for new annual transmission interconnection requests in 2022, with 65 new transmission point-of-interconnection requests received in the third quarter. Of the 565 active generation requests in queue, approximately 52% are solar, 35% are storage, and 10% are wind, highlighting the company's continued efforts to facilitate the growing integration of renewables in its service area. Across its territory, Oncor placed $80 million of transmission projects into service in the third quarter. These included placement of two major substation projects into service and a portion of the construction or upgrade of approximately 300 miles of transmission and distribution lines. Oncor is progressing its base rate review with the Public Utility Commission of Texas and expects final resolution of the case by the end of the first quarter of 2023. Sempra Infrastructure Sempra Infrastructure is focused on clean power, energy networks, liquefied natural gas (LNG) and net-zero investments to support the deployment of energy solutions critical to advancing global climate goals, while meeting the concurrent need for secure, abundant and reliable energy. The company is continuing to make significant commercial advancements at its LNG and other North American energy infrastructure projects. Sempra Infrastructure is now targeting a final investment decision (FID) for Phase 1 of its Port Arthur LNG project in the first quarter of 2023. This follows the company's recent announcement that it has finalized its fixed-price engineering, procurement and construction (EPC) contract for Port Arthur LNG Phase 1 and the substantial completion of marketing for Phase 1, which was achieved during the second quarter through a series of previously announced non-binding agreements with both domestic and international counterparties. A similarly sized Port Arthur LNG Phase 2 project is also under active marketing and development. The company continues to advance its Cameron LNG Phase 2 project under development and anticipates FID on Train 4 after the front-end engineering and design process is completed, which is currently targeted for the summer of 2023. Sempra Infrastructure is also making progress on its clean energy projects in North America. In late October, the company announced a 20-year power purchase agreement with Silicon Valley Power for the long-term supply of renewable energy to the City of Santa Clara, Calif., from the proposed Cimarrón project, a 300-megawatt cross-border wind generation facility under development in Baja California, Mexico. Also in October, the company entered into an HOA with AVANGRID for the potential joint development of green hydrogen and ammonia projects powered by renewable sources to help meet the energy and decarbonization needs of both U.S. and international customers. Earnings Guidance Sempra is updating its full-year 2022 GAAP EPS guidance range to $7.07 to $7.37. As a result of the company's strong execution and financial results in the first nine months of the year, Sempra is raising its full-year 2022 adjusted EPS guidance range to $8.70 to $9.00. Sempra also is affirming its full-year 2023 EPS guidance range of $8.60 to $9.20. Non-GAAP Financial Measures Non-GAAP financial measures include Sempra's adjusted earnings, adjusted EPS, and adjusted EPS guidance range. See Table A for additional information regarding these non-GAAP financial measures. Internet Broadcast Sempra will broadcast a live discussion of its earnings results over the internet today at 12 p.m. ET with the company's senior management. Access is available by logging onto the company's website, sempra.com. The webcast will be available on replay a few hours after its conclusion on sempra.com. 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. 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, sec.gov, and on Sempra's website, 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. None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document. SEMPRA ENERGY Table A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts; shares in thousands) Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (unaudited) REVENUES Utilities: Natural gas $ 1,587 $ 1,255 $ 5,611 $ 4,310 Electric 1,357 1,305 3,663 3,529 Energy-related businesses 673 453 1,710 1,174 Total revenues 3,617 3,013 10,984 9,013 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (505) (282) (1,835) (892) Cost of electric fuel and purchased power (307) (312) (763) (828) Energy-related businesses cost of sales (340) (220) (764) (448) Operation and maintenance (1,206) (1,073) (3,454) (3,098) Aliso Canyon litigation and regulatory matters (122) (1,571) (259) (1,571) Depreciation and amortization (506) (471) (1,500) (1,376) Franchise fees and other taxes (162) (151) (474) (442) Other (expense) income, net (40) (55) (3) 52 Interest income 18 16 58 50 Interest expense (282) (259) (796) (776) Income (loss) before income taxes and equity earnings 165 (1,365) 1,194 (316) Income tax (expense) benefit (21) 342 (435) 45 Equity earnings 417 391 1,118 1,022 Net income (loss) 561 (632) 1,877 751 Earnings attributable to noncontrolling interests (65) (5) (187) (48) Preferred dividends (11) (11) (33) (52) Preferred dividends of subsidiary — — (1) (1) Earnings (losses) attributable to common shares $ 485 $ (648) $ 1,656 $ 650 Basic earnings per common share (EPS): Earnings (losses) $ 1.54 $ (2.03) $ 5.25 $ 2.10 Weighted-average common shares outstanding 314,724 319,144 315,301 309,350 Diluted EPS: Earnings (losses) $ 1.53 $ (2.03) $ 5.23 $ 2.09 Weighted-average common shares outstanding 316,087 319,144 316,457 310,854 SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ADJUSTED EARNINGS TO SEMPRA GAAP EARNINGS (LOSSES) (Unaudited) Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests (NCI)) in 2022 and 2021 as follows: Three months ended September 30, 2022: $(101) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at Southern California Gas Company (SoCalGas) $2 million impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives $(38) million net unrealized losses on commodity derivatives Three months ended September 30, 2021: $(1,132) million from impacts associated with Aliso Canyon natural gas storage facility litigation at SoCalGas $28 million impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives $(89) million net unrealized losses on commodity derivatives Nine months ended September 30, 2022: $(199) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(89) million impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives $(108) million net unrealized losses on commodity derivatives $(120) million deferred income tax expense associated with the change in our indefinite reinvestment assertion as a result of progress in obtaining regulatory approvals necessary to close the sale of NCI to Abu Dhabi Investment Authority (ADIA) Nine months ended September 30, 2021: $(1,132) million from impacts associated with Aliso Canyon natural gas storage facility litigation at SoCalGas $(41) million impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives $(176) million net unrealized losses on commodity derivatives $50 million equity earnings from investment in RBS Sempra Commodities LLP, which represents a reduction to an estimate of our obligations to settle pending value added tax matters and related legal costs at our equity method investment at Parent and other Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation effects on our monetary positions in Mexico and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra GAAP Earnings (Losses) and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS (LOSSES) (Dollars in millions, except per share amounts; shares in thousands) Pretax amount Income tax (benefit) expense (1) Non-controlling interests Earnings Pretax amount Income tax (benefit) expense (1) Non-controlling interests (Losses) earnings Three months ended September 30, 2022 Three months ended September 30, 2021 Sempra GAAP Earnings (Losses) $ 485 $ (648) Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters $ 122 $ (21) $ — 101 $ 1,571 $ (439) $ — 1,132 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives 1 (4) 1 (2) 4 (33) 1 (28) Net unrealized losses on commodity derivatives 77 (17) (22) 38 120 (32) 1 89 Sempra Adjusted Earnings $ 622 $ 545 Diluted EPS: Sempra GAAP Earnings (Losses) $ 485 $ (648) Weighted-average common shares outstanding, diluted 316,087 319,144 Sempra GAAP EPS $ 1.53 $ (2.03) Sempra Adjusted Earnings $ 622 $ 545 Weighted-average common shares outstanding, diluted – Adjusted (2) 316,087 320,483 Sempra Adjusted EPS $ 1.97 $ 1.70 Nine months ended September 30, 2022 Nine months ended September 30, 2021 Sempra GAAP Earnings $ 1,656 $ 650 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters $ 259 $ (60) $ — 199 $ 1,571 $ (439) $ — 1,132 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives 30 80 (21) 89 36 8 (3) 41 Net unrealized losses on commodity derivatives 183 (42) (33) 108 245 (67) (2) 176 Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of NCI to ADIA — 120 — 120 — — — — Earnings from investment in RBS Sempra Commodities LLP — — — — (50) — — (50) Sempra Adjusted Earnings $ 2,172 $ 1,949 Diluted EPS: Sempra GAAP Earnings $ 1,656 $ 650 Weighted-average common shares outstanding, diluted 316,457 310,854 Sempra GAAP EPS $ 5.23 $ 2.09 Sempra Adjusted Earnings $ 2,172 $ 1,949 Weighted-average common shares outstanding, diluted 316,457 310,854 Sempra Adjusted EPS $ 6.87 $ 6.27 (1) Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income tax expense for the equity earnings from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction will reduce United Kingdom taxes. (2) In the three months ended September 30, 2021, the total weighted-average number of potentially dilutive securities of 699 were not included in the computation of GAAP EPS because to do so would have decreased losses per share, additionally because the conversion of the series B preferred stock is dilutive for Adjusted Earnings, 640 series B preferred stock shares are added back to the denominator used to calculate Adjusted EPS. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA 2022 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA 2022 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra 2022 Adjusted EPS Guidance Range of $8.70 to $9.00 excludes items (after the effects of income taxes and, if applicable, noncontrolling interests) as follows: $(199) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(89) million impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives in the nine months ended September 30, 2022 $(108) million net unrealized losses on commodity derivatives in the nine months ended September 30, 2022 $(120) million deferred income tax expense associated with the change in our indefinite reinvestment assertion as a result of progress in obtaining regulatory approvals necessary to close the sale of NCI to ADIA Sempra 2022 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes significant items that are generally not related to our ongoing business activities and/or infrequent in nature. This non-GAAP financial measure also excludes the impact from foreign currency and inflation effects on our monetary positions in Mexico and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2022 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2022 GAAP EPS Guidance Range. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra 2022 Adjusted EPS Guidance Range to Sempra 2022 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE Full-Year 2022 Sempra GAAP EPS Guidance Range $ 7.07 to $ 7.37 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters 0.63 0.63 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives 0.28 0.28 Net unrealized losses on commodity derivatives 0.34 0.34 Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of NCI to ADIA 0.38 0.38 Sempra Adjusted EPS Guidance Range $ 8.70 to $ 9.00 Weighted-average common shares outstanding, diluted (millions) 316 SEMPRA ENERGY Table B CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) September 30, 2022 December 31, 2021 (1) (unaudited) ASSETS Current assets: Cash and cash equivalents $ 685 $ 559 Restricted cash 49 19 Accounts receivable – trade, net 1,817 2,071 Accounts receivable – other, net 371 398 Due from unconsolidated affiliates 52 23 Income taxes receivable 90 79 Inventories 506 389 Prepaid expenses 333 260 Regulatory assets 270 271 Greenhouse gas allowances 100 97 Other current assets 192 209 Total current assets 4,465 4,375 Other assets: Restricted cash 52 3 Due from unconsolidated affiliates — 637 Regulatory assets 2,641 2,011 Insurance receivable for Aliso Canyon costs 10 360 Greenhouse gas allowances 758 422 Nuclear decommissioning trusts 816 1,012 Dedicated assets in support of certain benefit plans 487 567 Deferred income taxes 133 151 Right-of-use assets – operating leases 665 594 Investment in Oncor Holdings 13,558 12,947 Other investments 1,876 1,525 Goodwill 1,602 1,602 Other intangible assets 350 370 Wildfire fund 310 331 Other long-term assets 1,401 1,244 Total other assets 24,659 23,776 Property, plant and equipment, net 46,439 43,894 Total assets $ 75,563 $ 72,045 (1) Derived from audited financial statements. SEMPRA ENERGY Table B (Continued) CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (Dollars in millions) September 30, 2022 December 31, 2021 (1) (unaudited) LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 1,750 $ 3,471 Accounts payable – trade 1,919 1,671 Accounts payable – other 242 178 Dividends and interest payable 630 563 Accrued compensation and benefits 474 479 Regulatory liabilities 298 359 Current portion of long-term debt and finance leases 1,005 106 Reserve for Aliso Canyon costs 145 1,980 Greenhouse gas obligations 100 97 Other current liabilities 1,273 1,131 Total current liabilities 7,836 10,035 Long-term debt and finance leases 23,830 21,068 Deferred credits and other liabilities: Due to unconsolidated affiliates 296 287 Regulatory liabilities 3,312 3,402 Greenhouse gas obligations 521 225 Pension and other postretirement benefit plan obligations, net of plan assets 602 687 Deferred income taxes 4,327 3,477 Asset retirement obligations 3,479 3,375 Deferred credits and other 2,071 2,070 Total deferred credits and other liabilities 14,608 13,523 Equity: Sempra Energy shareholders' equity 27,030 25,981 Preferred stock of subsidiary 20 20 Other noncontrolling interests 2,239 1,418 Total equity 29,289 27,419 Total liabilities and equity $ 75,563 $ 72,045 (1) Derived from audited financial statements. SEMPRA ENERGY Table C CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in millions) Nine months ended September 30, 2022 2021 (unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 1,877 $ 751 Adjustments to reconcile net income to net cash provided by operating activities 1,193 661 Reserve for Aliso Canyon costs (1,835) 1,525 Net change in other working capital components (267) (186) Insurance receivable for Aliso Canyon costs 350 31 Distributions from investments 643 727 Changes in other noncurrent assets and liabilities, net (506) (528) Net cash provided by operating activities 1,455 2,981 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (3,540) (3,606) Expenditures for investments and acquisitions (275) (216) Purchases of nuclear decommissioning trust assets (530) (729) Proceeds from sales of nuclear decommissioning trust assets 530 729 Advances to unconsolidated affiliates — (8) Repayments of advances to unconsolidated affiliates 626 — Distributions from investments — 365 Other 6 9 Net cash used in investing activities (3,183) (3,456) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (1,070) (981) Preferred dividends paid (22) (77) Issuances of common stock 4 5 Repurchases of common stock (478) (39) Issuances of debt (maturities greater than 90 days) 6,711 1,992 Payments on debt (maturities greater than 90 days) and finance leases (3,365) (2,315) (Decrease) increase in short-term debt, net (1,438) 1,999 Advances from unconsolidated affiliates 28 40 Proceeds from sales of noncontrolling interests, net 1,732 7 Purchases of noncontrolling interests — (221) Distributions to noncontrolling interests (146) — Contributions from noncontrolling interests 15 — Other (35) (13) Net cash provided by financing activities 1,936 397 Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) — Increase (decrease) in cash, cash equivalents and restricted cash 205 (78) Cash, cash equivalents and restricted cash, January 1 581 985 Cash, cash equivalents and restricted cash, September 30 $ 786 $ 907 SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES, INVESTMENTS AND ACQUISITIONS (Dollars in millions) Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (unaudited) Earnings (Losses) Attributable to Common Shares SDG&E $ 271 $ 205 $ 681 $ 603 SoCalGas (82) (1,126) 339 (625) Sempra Texas Utilities 256 206 604 479 Sempra Infrastructure 114 164 392 419 Parent and other (74) (97) (360) (226) Total $ 485 $ (648) $ 1,656 $ 650 Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (unaudited) Capital Expenditures, Investments and Acquisitions SDG&E $ 561 $ 488 $ 1,651 $ 1,560 SoCalGas 463 481 1,394 1,417 Sempra Texas Utilities 85 51 256 151 Sempra Infrastructure 162 207 508 687 Parent and other 2 6 6 7 Total $ 1,273 $ 1,233 $ 3,815 $ 3,822 SEMPRA ENERGY Table E OTHER OPERATING STATISTICS Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (unaudited) UTILITIES SDG&E and SoCalGas Gas sales (Bcf) (1) 53 56 240 255 Transportation (Bcf) (1) 180 170 462 452 Total deliveries (Bcf) (1) 233 226 702 707 Total gas customer meters (thousands) 7,031 6,994 SDG&E Electric sales (millions of kWhs) (1) 2,121 2,789 6,085 8,912 Community Choice Aggregation and Direct Access (millions of kWhs) (2) 3,106 2,025 7,135 3,812 Total deliveries (millions of kWhs) (1) 5,227 4,814 13,220 12,724 Total electric customer meters (thousands) 1,502 1,493 Oncor (3) Total deliveries (millions of kWhs) 44,040 40,244 115,580 103,810 Total electric customer meters (thousands) 3,881 3,817 Ecogas Natural gas sales (Bcf) — — 2 2 Natural gas customer meters (thousands) 147 141 ENERGY-RELATED BUSINESSES Power generated and sold Sempra Infrastructure Termoeléctrica de Mexicali (TdM) (millions of kWhs) 1,019 912 2,268 2,583 Wind and solar (millions of kWhs) (1)(4) 688 612 2,347 1,924 (1) Include intercompany sales. (2) A number of jurisdictions in SDG&E's territory have implemented Community Choice Aggregation, including the City and County of San Diego in 2022. Additional jurisdictions are implementing or are considering implementing Community Choice Aggregation. (3) Includes 100% of the electric deliveries and customer meters of Oncor Electric Delivery Company LLC (Oncor), in which we hold an indirect 80.25% interest through our investment in Oncor Electric Delivery Holdings Company LLC. (4) Includes 50% of the total power generated and sold at the Energía Sierra Juárez (ESJ) wind power generation facility through March 19, 2021. As of March 19, 2021, ESJ became a wholly owned, consolidated subsidiary of IEnova. Exhibit 99.2 SEMPRA ENERGY Table F (Unaudited) STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Three months ended September 30, 2022 SDG&E SoCalGas Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 1,569 $ 1,385 $ — $ 697 $ (34) $ 3,617 Cost of sales and other expenses (917) (1,093) (1) (525) 16 (2,520) Aliso Canyon litigation and regulatory matters — (122) — — — (122) Depreciation and amortization (247) (190) — (67) (2) (506) Other income (expense), net 12 (43) — 5 (14) (40) Income (loss) before interest and tax (1) 417 (63) (1) 110 (34) 429 Net interest expense (111) (47) — (32) (74) (264) Income tax (expense) benefit (35) 28 (1) (58) 45 (21) Equity earnings — — 258 159 — 417 Earnings attributable to noncontrolling interests — — — (65) — (65) Preferred dividends — — — — (11) (11) Earnings (losses) attributable to common shares $ 271 $ (82) $ 256 $ 114 $ (74) $ 485 Three months ended September 30, 2021 SDG&E SoCalGas Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 1,464 $ 1,106 $ — $ 479 $ (36) $ 3,013 Cost of sales and other expenses (843) (840) (1) (374) 20 (2,038) Aliso Canyon litigation and regulatory matters — (1,571) — — — (1,571) Depreciation and amortization (226) (180) — (63) (2) (471) Other income (expense), net 4 (39) — (17) (3) (55) Income (loss) before interest and tax (1) 399 (1,524) (1) 25 (21) (1,122) Net interest expense (104) (39) — (27) (73) (243) Income tax (expense) benefit (90) 437 — (13) 8 342 Equity earnings — — 207 184 — 391 Earnings attributable to noncontrolling interests — — — (5) — (5) Preferred dividends — — — — (11) (11) Earnings (losses) attributable to common shares $ 205 $ (1,126) $ 206 $ 164 $ (97) $ (648) (1) Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations. SEMPRA ENERGY Table F (Unaudited) STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Nine months ended September 30, 2022 SDG&E SoCalGas Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 4,413 $ 4,879 $ — $ 1,810 $ (118) $ 10,984 Cost of sales and other expenses (2,599) (3,504) (4) (1,257) 74 (7,290) Aliso Canyon litigation and regulatory matters — (259) — — — (259) Depreciation and amortization (730) (565) — (199) (6) (1,500) Other income (expense), net 68 (5) — (4) (62) (3) Income (loss) before interest and tax (1) 1,152 546 (4) 350 (112) 1,932 Net interest expense (330) (131) — (61) (216) (738) Income tax (expense) benefit (141) (75) (1) (219) 1 (435) Equity earnings — — 609 509 — 1,118 Earnings attributable to noncontrolling interests

Sempra Infrastructure and Silicon Valley Power Sign Agreement for Renewable Energy Supply

HOUSTON, Oct. 27, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Silicon Valley Power (SVP) announced today they have entered into a 20-year power purchase agreement (PPA) for the long-term supply of renewable energy to the City of Santa Clara, Calif., from the proposed Cimarrón wind project, Sempra Infrastructure's cross-border wind generation facility under development in Baja California, Mexico. Cimarrón is expected to be a 300-megawatt (MW) wind generation facility that utilizes Sempra Infrastructure's existing cross-border high voltage transmission line to interconnect and deliver clean energy to the East County Substation in San Diego County. "We are excited to work with the City of Santa Clara, home to some of the world's largest technology companies, to provide access to renewable energy that can help meet their energy demands while supporting their sustainable energy goals," said Justin Bird, CEO of Sempra Infrastructure. "This agreement underscores our commitment to advancing the development of our North American clean energy portfolio as we continue to help create a cleaner energy future." "Silicon Valley Power continues to make strategic long-term investments in clean energy and add diverse energy resources to our power portfolio," said Manuel Pineda, Chief Electric Utility Officer of Silicon Valley Power. "We are excited to partner with Sempra Infrastructure to add clean energy resources to help meet our sustainability and climate goals." Cimarrón is being developed to include approximately 60 wind turbines with a capacity to produce enough energy equivalent to the annual energy consumption of more than 84 thousand homes and is expected to reduce greenhouse gas emissions by nearly 210,000 metric tons of carbon dioxide equivalent (CO 2-eq) per year. The construction of the new facility is expected to create more than 2,000 direct and indirect jobs in Mexico with additional local community investment under Sempra Infrastructure's framework for corporate giving as part of the company's commitment to the communities where it operates. The development of Cimarrón is subject to a number of risks and uncertainties, including securing all necessary commercial agreements and permits and other factors, including reaching a final investment decision. Advancing cleaner energy As one of the leading producers of clean energy in Mexico, Sempra Infrastructure is focused on developing infrastructure to support the deployment of cleaner energy and the expansion of energy networks in North America. Sempra Infrastructure owns and operates more than 1,000 MW of renewable capacity from two wind generation facilities and five solar parks. All together, these projects generated over 2.5 million MWh of net renewable energy in 2021, equivalent to reducing emissions by more than 1 million tons of CO2. 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 http://www.semprainfrastructure.com and Twitter. About the City of Santa Clara Located at the heart of Silicon Valley, about 45 miles south of San Francisco, the City of Santa Clara truly is "The Center of What's Possible." Incorporated in 1852, Santa Clara covers an area of 19.3 square miles with a population of 129,498. Santa Clara is home to an extraordinary array of high-tech companies, including Applied Materials, Intel, Nvidia, Oracle, and Ericsson. The City of Santa Clara is also home to Santa Clara University, California's Great America Theme Park, and Levi's® Stadium, home of the San Francisco 49ers and Super Bowl 50. For more information, visit SantaClaraCA.gov. About Silicon Valley Power Silicon Valley Power (SVP) is the trademark adopted for use by the not-for-profit electric municipal utility of Santa Clara, CA, serving residents and businesses for over 125 years. SVP provides power to nearly 55,000 customers at rates 25 to 48 percent below neighboring communities. SVP is the only full-service, vertically integrated publicly owned utility in Silicon Valley owning generation, transmission and distribution assets. For more information, visit SiliconValleyPower.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 statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "target," "outlook," "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 and 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 regulatory and governmental 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, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; 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 generally 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 timely and economically 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 and 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; inflationary and interest rate pressures, volatility in foreign currency exchange rates and commodity prices, and our ability to effectively hedge these risks; 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, https://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 Infrastructure

Sempra Named Top Utility in Investor’s Business Daily’s 100 Best ESG Companies List

SAN DIEGO, Oct. 25, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named the top utility in Investor’s Business Daily’s (IBD) 100 Best ESG Companies list. The award recognizes companies that achieve superior environmental, social and governance ( ESG) ratings and strong fundamental and technical stock performance. Sempra ranked first in the U.S utility sector and 13th overall on the list of the top 100 companies. “At Sempra, we are on a mission to build one of the largest and most resilient energy networks in North America,” said Jeffrey Martin, chairman and chief executive officer of Sempra. “Energy markets will continue to expand and become increasingly integrated. That is why investing in a modern energy network to support cleaner forms of energy and future economic growth is central to our efforts. We are incredibly honored to receive this recognition.” California Gov. Gavin Newsom said, “Sempra is one of the California companies showing that you can have robust economic growth while also leading with environmental, social and governance values. Consumers and markets alike want strong environmental, ethical and social leadership from corporate America, and California companies are leading the way, showing how markets can boost companies that focus on sustainability and growth.” Sempra’s three growth platforms — Sempra California, Sempra Texas and Sempra Infrastructure — are strategically positioned to serve the growing needs of consumers in North America and around the world while staying at the forefront of innovation and integrating cleaner forms of energy. Sempra’s value proposition comes to life through its commitment to sustainable business practices across its family of companies, including: Advancing electric reliability, wildfire science and mitigation, electric vehicle-to-grid integration, battery storage and other new technologies. Expanding new cross-border wind and solar photovoltaic projects with a view toward supplying California's electric grid. Advancing green hydrogen through Angeles Link, which is a proposal for the nation’s largest hydrogen infrastructure network, and hydrogen-blending demonstration projects to help California reach its goal of carbon neutrality by 2045. Reducing fugitive methane emissions from natural gas facilities, including surpassing California’s goal of a 20% reduction by 2025 several years early. Connecting new solar and wind resources to Texas’ growing electric grid. Developing carbon capture and sequestration, clean power, hydrogen and ammonia projects. Exporting liquefied natural gas to European and Asian markets to improve energy security and reduce reliance on coal for power generation. Sempra is the only U.S. utility holding company ranked on the Dow Jones Sustainability World Index for four consecutive years and has been included in numerous indices reflecting strong sustainability performance. Earlier this year, the company released its 14th 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 is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the “World’s Most Admired Companies” for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra’s website at sempra.com and on Twitter @Sempra. About Investor’s Business Daily’s 100 Best ESG List All of IBD’s Best 100 ESG Companies of 2022 mix profitability with ethical and social responsibility. To come up with this year’s list, IBD first screened Dow Jones’ ESG index which included more than 6,000 companies, looking for the top 15% of the 1,693 companies whose stock price was $10 or higher and are investable in the United States. Then, the publication screened for companies with IBD Composite Ratings of 81 or better, reflecting broad strength in fundamental and technical areas linked to stock price performance. Finally, it ranked companies by Dow Jones’ ESG Ratings. To break the tie at 100 companies, IBD looked at Relative Strength Ratings and Earnings Per Share Ratings, an IBD measure of earnings growth compared with other publicly traded companies. 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 statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "target," "outlook," "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 and 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 regulatory and governmental 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, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; 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 generally and 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 timely and economically 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 and 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, may not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; inflationary and interest rate pressures, volatility in foreign currency exchange rates and commodity prices, our ability to effectively hedge these risks, and their impact, as applicable, on San Diego Gas & Electric Company's (SDG&E) and SoCalGas' cost of capital and the affordability of customer rates; 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; the impact at SDG&E on competitive customer rates and reliability due to growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Community Choice Aggregation and Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; 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, sec.gov , and on Sempra's website, 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

Sempra Infrastructure Announces Final EPC Contract with Bechtel for Port Arthur LNG

HOUSTON, Oct. 20, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that Port Arthur LNG and Bechtel Energy have amended and restated the fixed-price engineering, procurement and construction (EPC) contract, for the proposed Phase 1 liquefaction project under development in Jefferson County, Texas. The amended contract includes an updated price of approximately $10.5 billion. "We are excited to achieve this milestone with Bechtel. The execution of the final contract is a critical step in advancing Phase 1 of Port Arthur LNG toward a final investment decision," said Justin Bird, CEO of Sempra Infrastructure. "Based on robust customer interest, we know that Port Arthur LNG is highly attractive to the global market and we look forward to providing customers with access to secure, abundant and reliable U.S. LNG." "We are delighted to continue our partnership with Sempra Infrastructure to deliver cleaner and more affordable energy to communities around the world. Alongside Sempra Infrastructure, Bechtel is ready to continue active construction in the Gulf Coast and bring more opportunities to the local region," added Paul Marsden, President of Bechtel Energy. Under the EPC contract, Bechtel will perform the detailed engineering, procurement, construction, commissioning, startup, performance testing and operator training activities for Phase 1 of the project. 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 million tonnes per annum of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development. Earlier this year, Sempra Infrastructure announced the substantial completion of marketing for Phase 1 of the proposed Port Arthur LNG Project with the signing of a series of non-binding agreements with the Polish Oil & Gas Company (PGNiG), RWE Supply & Trading, INEOS Energy Trading Ltd., and ConocoPhillips. 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 an affirmative 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 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 Bechtel Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place. Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.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 statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "target," "outlook," "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 and 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 regulatory and governmental 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, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; 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 generally 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 timely and economically 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 and 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; inflationary and interest rate pressures, volatility in foreign currency exchange rates and commodity prices, and our ability to effectively hedge these risks; 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

TELACU and SoCalGas Announce $50,000 in Scholarships for Latino Students Pursuing Careers in STEM

14 Scholarships will support first-generation Latino students pursuing careers in STEM LOS ANGELES, Oct. 19, 2022 /PRNewswire/ -- Southern California Gas Company (SoCalGas) and The East Los Angeles Community Union (TELACU) Education Foundation today announced that $50,000 in scholarships have been awarded to 14 first-generation Latino students pursuing degrees in science, technology, engineering, and math (STEM). Since 1999, and over the last three decades, SoCalGas and TELACU have partnered to address social inequality, assist deserving students navigate postsecondary education and their subsequent careers through the TELACU Education Foundation's programmatic support. "One of our very first corporate partners, SoCalGas has generously invested in the empowerment of our communities' greatest, but most vulnerable, resource—our youth," said Dr. David C. Lizárraga, chairman and founder of the TELACU Education Foundation. "The TELACU Education Foundation is tremendously grateful to SoCalGas for investing in the communities it serves with excellence, and for its commitment to developing a workforce reflective of these communities." The TELACU Education Foundation serves first-generation students who live in some of the most underserved communities in the greater Los Angeles region and surrounding counties. TELACU has helped these students pursue higher education with over 99% of its college students graduating, often becoming the first in their family to earn a degree. "SoCalGas' partnership with TELACU highlights our commitment to create more equitable communities," said Andy Carrasco, SoCalGas vice president of communications, local government and community affairs. "Access to higher education is a life changing opportunity for students, their families and often, their community, while also helping grow the pipeline for more qualified STEM professionals, which are so desperately needed in our region." "TELACU's College Readiness Program and College Success Program have given me the opportunity to pursue higher education. I am grateful for the resources made available to me through the partnership between SoCalGas and TELACU, as they have prepared me for the next steps in my career," said Geovanny Huerta, who was recently selected as a SoCalGas-TELACU Scholar. "Without these programs and support, I would not have been able to land a summer internship." Since 1999, SoCalGas has supported TELACU with over $660,000. The 2022-23 SoCalGas-TELACU Scholars are: Cecilia Aldape (Civil Engineering, CSU Los Angeles) Jacqueline Alvarado (Business Administration, UC Riverside) Oswaldo Gamez (Computer Science, CSU Northridge) Antonio Garcia (Mechanical Engineering, Loyola Marymount University) Yuridia Ginez (Computer Science, CSU Los Angeles) Gerson Gonzalez (Computer Science, Biola University) Disleiry Hernandez Gutierrez (Mechanical Engineering, UC Los Angeles) Emanuel Herrera Pineda (Mechanical Engineering, University of Southern California) Geovany Huerta (Computer Science, CSU Los Angeles) Jose Lopez (Computer Science, University of La Verne) Yatziri Lopez Mendez (Pre-Accountancy, CSU Northridge) Andy Machorro (Mechanical Engineering, CSU Los Angeles) Antonio Sanchez (Civil Engineering, Loyola Marymount University) Joselyn Velasquez (Civil Engineering, Cal Poly Pomona) SoCalGas' partnership with TELACU is part of the company's ASPIRE 2045 sustainability goals, which includes a goal to invest up to $50 million to drive positive change in diverse and underserved communities over the next five years. In addition to supporting TELACU scholars, in 2021, SoCalGas contributed $9.6 million in total community investment, with $4.8 million to support health and human services, and $2.3 million to support educational causes. 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 replace 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 dairy farms, 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 services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About the TELACU Education FoundationFor nearly 40 years, the TELACU Education Foundation has provided first-generation Latinx high school through graduate school students, including veterans, a unique combination of financial resources, highly effective programming, and an unwavering support system that empowers its annual cohort of nearly 2,000 students to achieve amazing success. Historically, 98% of its high schoolers graduate and 99% of its college students earn at minimum a Bachelors' degree. More than 75% of its students earn a STEM- or Business-related degree—more than 60% are earned by Latinas—and they launch successful careers, particularly in high-growth, high-impact sectors! SOURCE Southern California Gas Company

Sempra chief sustainability officer talks advancing a better future with NYSE

NYSE: Sempra's CSO joined "NYSE Floor Talk" for Climate Week, discussing energy trends, energy networks, and energy transition. Watch Now

Sempra to Report Third-Quarter 2022 Earnings November 3

SAN DIEGO, Oct. 13, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its third-quarter 2022 earnings by 7 a.m. ET, Thursday, November 3. Sempra executives will conduct a conference call at 12 p.m. ET, Thursday, November 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. Prior to the conference call, a slide presentation detailing the earnings results also will be posted by 7 a.m. ET, Thursday, November 3, on Sempra's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion on the company's website. 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 is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra

SDG&E Adds Energy Storage and Microgrids to Strengthen Grid Reliability, Build Community Resiliency and Advance Clean Energy Goals

Following a summer of record temperatures in California, San Diego Gas & Electric (SDG&E) today announced the start of testing for the company’s new 40 MW energy storage project in Fallbrook and the start of construction on one of four energy storage and microgrid projects that will bring an additional 39 MW of battery capacity to the region. SDG&E has been rapidly expanding its energy storage portfolio. The company has about 95 MW of utility-owned energy storage currently available, with another 200+ MW in development. SDG&E Vice President of Energy Innovation Miguel Romero was joined by San Diego Councilmember Raul Campillo (District 7) as well as local business and labor leaders to break ground on the Elliott Microgrid located at SDG&E’s existing substation in Tierrasanta. “Innovations like storage and microgrids are vital to building a more resilient electric grid that can extend the availability of renewable energy into peak demand hours and better prepare communities to manage through emergencies,” said Romero. During last month’s heatwave, energy storage, in addition to energy conservation efforts, helped California avoid rotating outages. California has increased investment in energy storage since 2020 and the state now has close to 4,000 MW of batteries. These batteries provided an estimated 4% of the electricity supply during peak demand to help avert rotating outages. Within SDG&E’s service territory, utility-scale battery storage systems – utility and third party-owned – served as much as 7% of the regional load during peak hours of the heatwave. “Extreme weather events, like the recent record heatwave, require our region to strengthen our emergency preparedness and resiliency,” said Campillo. “Investing in innovative clean energy technology like the Tierrasanta Microgrid will bolster public safety while also bringing economic opportunity to local, family-owned businesses.” Microgrids are small-scale grids that can operate independent of or parallel to the larger regional grid will also help keep critical community facilities powered during unexpected outages. Once complete, the Elliott Microgrid will have the ability to power Fire Station 39, the Tierrasanta Public Library/Cool Zone, Tierrasanta Medical Center, Jean Farb Middle School, Canyon Hills High School, and Tierrasanta and Kumeyaay Elementary Schools. Construction of the Fallbrook energy storage facility has been completed, and the facility is undergoing testing to be connected to the state energy market so the California Independent System Operator (CAISO) can dispatch these resources as needed to balance energy supply and demand throughout the state. The Fallbrook facility will be able to store a total of 40 MW of energy or enough to energize 25,000 homes. Battery storage works by capturing renewable resources like wind and solar when they are abundant during the day, then sending that energy back to the grid when it is needed, such as at night when the sun has set or when energy supply is tight during hot summer months. SDG&E is an innovative San Diego-based energy 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 providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; 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, Instagram and Facebook.

Building a grid of the future

Energy transition supported by energy transmission and distribution infrastructure to meet climate goals discussed as Sempra joined the DOE's Global Clean Energy Acton Forum

Sempra Infrastructure and AVANGRID Announce Plans to Develop U.S. Green Hydrogen and Ammonia Projects

HOUSTON, Oct. 12, 2022 /PRNewswire/ -- AVANGRID, a member of the Iberdrola Group (NYSE: AGR), and Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced they have entered into a heads of agreement (HOA) for the potential joint development of U.S. green hydrogen and ammonia projects powered by renewable sources. The HOA provides a framework for the companies to identify, appraise, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of both U.S. and international customers. "The U.S. is facing unprecedented challenges and opportunities to develop competitive solutions that meet its growing energy needs, while also aiming to transition to a cleaner and more sustainable energy future," said Pedro Azagra, CEO of AVANGRID. "AVANGRID is very proud to innovate and develop green hydrogen and ammonia projects in collaboration with Sempra Infrastructure, which are crucial to decarbonize the industry and will help the country reach its ambitious clean energy goals." "Clean hydrogen and ammonia can be effective decarbonization solutions for various sectors of the U.S. and global markets. We are excited to work together with AVANGRID to develop large-scale green hydrogen and ammonia projects to advance hydrogen's role in the global energy transition," said Justin Bird, CEO of Sempra Infrastructure. "Significant infrastructure will be needed for hydrogen's potential to become a reality and Sempra Infrastructure's combined platform is well-positioned to support the deployment of these new energy solutions." AVANGRID's deep background in renewable development as the third largest renewables operators in the U.S., complements Sempra Infrastructure's complex project development and commercial expertise across clean power, energy networks and LNG and net-zero solutions. Sempra Infrastructure is currently developing multiple world-class energy transition projects in North America, including LNG export projects to serve customers in both the Atlantic and Pacific Basins, as well as new opportunities in renewable energy, carbon capture and sequestration, as well as other pathways to produce clean hydrogen and ammonia leveraging the resources available in different regions. The referenced HOA is non-binding, and the development of these joint projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision with respect to 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 the energy transition and beyond. 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 AVANGRID AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America's best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.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 statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "target," "outlook," "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 and 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 regulatory and governmental 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, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; 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 generally 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 timely and economically 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 and 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; inflationary and interest rate pressures, volatility in foreign currency exchange rates and commodity prices, and our ability to effectively hedge these risks; 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

Sempra CEO addresses global energy leaders

Sempra CEO, Martin, joined energy leaders at the Energy Intelligence Forum with optimism for US lower-emission LNG offering. American LNG exports expected to double.

Sempra Pledges up to $100,000 to Support Hurricane Ian Relief Efforts

SAN DIEGO, Oct. 5, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced a contribution of up to $100,000 to the American Red Cross to assist relief efforts and communities recovering from devastation caused by Hurricane Ian. A $50,000 contribution will help provide critical services, emergency shelter and supplies in the areas impacted by the storm. The company will also match up to $50,000 from employees' personal contributions. "During this difficult time, we are ready to help communities and families impacted by this catastrophic hurricane. We are proud to support organizations like the American Red Cross whose volunteers are working diligently alongside first responders and our own utility crews to support restoration and recovery efforts," said Lisa Alexander senior vice president of corporate affairs for Sempra. "These individuals embody one of Sempra's core values to do the right thing, repeatedly rising to the challenge to help those impacted by devastating weather events and other natural disasters." Prior to Hurricane Ian's arrival, Oncor Electric Delivery Company, which is majority owned by Sempra, deployed 500 mutual assistance personnel to Florida to support local restoration efforts in impacted communities. These crews include repair and construction resources, vegetation resources and other management personnel who have been using drones, airboats and other means to assess damage and help restore power to nearly all of the 2.6 million people left without electricity in the immediate aftermath of the storm. "Hurricane Ian was one of the most powerful storms to strike the U.S. in decades, with terrible winds, storm surge, rain and flooding. The hurricane left thousands of homes severely damaged and uninhabitable," said Sean Mahoney, Regional CEO, American Red Cross Southern California Region. "Those impacted need help now, and this generous donation from Sempra will help the American Red Cross provide sheltering, meals and hope. We are grateful for this significant assistance to help those affected by disasters like storms and countless other crises." Sempra's financial pledge will directly support the American Red Cross' disaster relief efforts underway in Florida. More than 1,500 Red Cross volunteers from all 50 states and the District of Columbia are supporting relief efforts in the hardest-hit areas in Florida. These volunteers are providing lifesaving assistance including shelter, food, water and other relief supplies. Red Cross evacuation centers remain open in the impacted areas, providing emergency shelter to thousands of people still displaced by the hurricane. 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 is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. SOURCE Sempra

SDG&E Shares Latest Wildfire Safety Advancements & Public Safety Power Shutoff Tips

San Diego Gas & Electric (SDG&E) is unveiling its latest wildfire mitigation and resiliency advancements while urging its customers to prepare for possible wildfires and Public Safety Power Shutoffs (PSPS) during the region’s Santa Ana wind season, which is typically between September and December. Wildfire season is now year-round in California, however, the risk for wildfires in Southern California especially increases when seasonal Santa Ana winds become more active. This time of year is referred to as peak wildfire season. “Just one wildfire could significantly impact the health and safety of our customers, which is why our team works so hard to strengthen our electrical grid to help reduce the risk of wildfires and the impacts of Public Safety Power Shutoffs in our high fire threat areas,” said SDG&E CEO Caroline Winn. “This work also benefits our entire region in that it helps to defend against other extreme weather conditions as we build a smart energy grid of the future that can support the clean energy transition.” Over the last decade, SDG&E has made significant improvements to its electric infrastructure to help mitigate the impacts of PSPS on its customers and withstand extreme weather conditions. This year alone, the company plans to underground nearly 50 miles of power lines and install additional sectionalizing devices, which are intended to limit the size of outages by isolating faults, on its overhead power lines. When combined, these efforts will help reduce PSPS impacts to more than 7,000 customers in some of the highest risk areas. Additionally, SDG&E has a total of seven microgrids that are already in use, or under construction. These microgrids will help keep communities and critical facilities like fire stations, schools and public safety infrastructure such as CAL FIRE’s Air Attack Base in Ramona energized during outages and Public Safety Power Shutoffs. Because these facilities can operate without needing to be connected to the larger energy grid, communities and emergency responders will continue to have access to critical resources during a planned or unplanned outage. Since 2020, SDG&E has also completed the following infrastructure enhancements: Strategically undergrounded more than 70 miles of the riskiest overhead infrastructure Hardened more than 430 miles of overhead power lines, including wood-to-steel pole replacements Upgraded more than 40 miles of power lines with covered wires, which provide additional protection for the line from falling debris Deployed Falling Conductor Protection technology, which deenergizes a power line before it hits the ground, in select areas at most risk for wildfires “We’ve made significant strides in strengthening our electric infrastructure, but that’s only part of the equation,” said SDG&E Vice President of Wildfire and Climate Science, Brian D’Agostino. “To be as strategic and surgical as possible when it comes to turning off someone’s power, we really have to understand the weather, the climate and the wildfire risk in very specific areas of our service territory.” Over the last 10 years, the company has developed a state-of-the-art situational awareness network, which includes pan-tilt-zoom cameras that enable smoke detection technology, more than 220 weather stations, artificial intelligence modeling and satellite imagery. This year SDG&E will continue improving its network of weather stations and further expand the number of hilltop cameras, some of which are in new locations that allow its in-house meteorology team to predict weather more accurately in areas that are at risk for wildfires. The company is also installing air quality sensors to better understand the impacts of wildfire smoke on the health and safety of its customers and employees. SDG&E has also leveraged aerial drones to inspect its powerlines in areas with the highest wildfire risk along with machine learning to enhance its ability to detect issues on powerlines. The data pulled from this network allows SDG&E to strategically time and initiate PSPS to reduce customer impacts as much as possible. The information also allows the company to strengthen its electric grid in priority areas to further reduce PSPS impacts and the overall risk of wildfires. Because the safety of our customers, employees and the communities we serve is our highest priority, SDG&E may initiate a PSPS as a last resort preventative measure to help protect our communities from wildfires. The decision to initiate a PSPS is informed by a combination of factors including wind speeds, humidity levels, field observations by SDG&E crews, vegetation moisture and information from fire agencies. If these factors threaten SDG&E’s ability to safely operate the electric system, power may be temporarily shut off. While SDG&E is doing everything in its power to prepare for high fire-risk weather, preparing our region is a whole community effort. "We recognize that community preparedness takes all of us working together and strengthening our partnerships with trusted community-based organizations, such as 211 San Diego and Orange County, the Red Cross and the South Bay Fire Academy helps us broaden our reach and provide people with the information, tools and resources they need to remain resilient," said D’Agostino. SDG&E continues to forge strong partnerships with Community Based Organizations, Non-Governmental Organizations, local governments and Public Safety Partners. These partnerships help the company provide information, tools and resources to more customers prior to, during and following a PSPS. Most recently, SDG&E has made accessibility enhancements to its PSPS website and PSPS mobile app, and the company has released its own Alexa skill which offers real-time notifications, including weather forecasts, fire potential, PSPS information, Community Resource Center locations and State flex alert information through the Amazon Alexa voice assistant using any Alexa device or the Alexa app. From strengthening the electric grid, to improving its situational awareness, to supporting its customers during PSPS and extreme weather, SDG&E remains as committed as ever to the health, safety, and resiliency of its customers, employees and the communities it serves. “At SDG&E, our culture is to be better today than we were yesterday, and that is what drives us to work tirelessly to reduce the chance of a wildfire and the devastating impacts to communities,” said Winn. “We recognize there is still much work to be done and it cannot be done alone.” In advance of peak Santa Ana wind season, SDG&E recommends customers update their account contact information via My Account and download the Alerts by SDG&E mobile app to receive PSPS alerts. For additional PSPS information including Community Resource Centers, notification timelines, resources and more, visit SDGE.com/PSPS. The company also advises customers to develop a plan to prepare for a PSPS or wildfire. More information on how to prepare can be found at SDGE.com/wildfire-emergency-preparedness. SDG&E is an innovative San Diego-based energy 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 providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; 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.

Pagination

First page
Previous page
…
18
19
20
21
22
23
24
25
26
…
Next page
Last page

Quick search

Press release

Oncor

Capital plan

Earnings

Texas

California

Reliability

Safety

Annual Report

Corporate Sustainability Report

Our business
Who we serve
Our team

Investors
Careers
Newsroom

SRE: ()