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SoCalGas’ Lea Petersen Recognized as a “Woman of Distinction” by Assemblyman Jose Medina

LOS ANGELES, March 16, 2018 – Southern California Gas Co. (SoCalGas) today announced its Riverside-area public affairs manager Lea Petersen, has been named a “Woman of Distinction” by California State Assemblyman Jose Medina, 61st (D) district for her many charitable activities in Riverside. Photos of Lea Petersen and Assemblyman Jose Medina are available here. “I am proud to be honored as a ‘Woman of Distinction’ by Assemblyman Jose Medina,” said Lea Petersen, public affairs manager for SoCalGas. “I have met so many individuals and families living in Riverside and the Inland Empire whose personal challenges inspire me to be involved in the community, and I hope my passion to support those in need will encourage others to get involved in meaningful causes, too.” “I want to thank Lea Petersen for her community service in Riverside,” said Assemblyman Jose Medina 61st (D) assembly district. “I applaud her for serving as a role model for future generations and for her leadership in empowering women of all ages to achieve their goals.” Petersen was recognized for her work in helping homeless high school students receive scholarships and make strides towards achieving their higher education goals. Additionally, Petersen organized her company’s volunteers to serve more than 5,000 active military and their family members at the March Air Force Base military appreciation day picnics, perform local environmental cleanup and beautifications projects, and raise money for families who lost their homes to fires. Petersen also volunteers as a mentor for young women studying at the University of California Riverside. Petersen was honored at an award ceremony celebrating National Women's History Month with elected officials, business and community leaders from throughout western Riverside County on March 10. She was nominated for the award by other community philanthropists and volunteers in the community. SoCalGas applauds its employees who give back to the communities the company serves. The company itself also contributes to those communities. In 2017 it invested more than $10 million in nearly 1,000 educational, environmental and community organizations across its service territory. Learn more about SoCalGas’ giving here. # # # About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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.

SoCalGas Donates $100,000 to Support Cal State LA Combustion Engineering Research that Advances Clean Air and Energy Efficiency Technologies

LOS ANGELES, March 14, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced a gift of $100,000 to the College of Engineering, Computer Science, and Technology (ECST) at California State University, Los Angeles (Cal State LA) to support research and undergraduate education in combustion engineering. The funds will be used to purchase laboratory equipment for research designed to advance energy efficiency in new gas products and reduce greenhouse gas emissions. They will also support undergraduate education on natural gas combustion, senior design projects, and student research. Photos of the check presentation are available here. "Whether it's the hot water you showered with this morning or the clean energy that powers manufacturers, hospitals, and universities like Cal State LA, Californians count on a dependable supply of natural gas to support almost every facet of modern life," said Lisa Alexander, vice president of customer solutions at SoCalGas. "At SoCalGas, we work with hundreds of manufacturers and retailers to provide a range of products to meet customers' needs, and the work taking place here at Cal State LA will help keep energy bills low and reduce emissions by enhancing energy efficiency." "SoCalGas and Sempra Energy have been long-term partners of Cal State LA's College of Engineering, Computer Science, and Technology, helping prepare students for their futures and the future of Los Angeles," said Emily Allen, dean of the college. "We are thrilled with this gift from SoCalGas. It will help us produce engineering graduates with experience in combustion science and technology and strengthen Southern California's global leadership in sustainable, clean energy." In Southern California, natural gas is the most affordable and reliable option for home and water heating and for cooking. More than 90 percent of residents use natural gas to heat their home and hot water. In addition, more than half of the electricity generated in California is produced using clean burning natural gas. Generating electricity locally using natural gas helps California avoid importing electricity generated with less desirable fuels like coal. SoCalGas is a leader in researching and developing new technologies that improve energy efficiency and reduce emissions. Since 1990, the utility's energy efficiency and rebate programs have reduced emissions equal to taking almost 700,000 cars off the road. These advances have also helped save SoCalGas customers more than $670 million in utility bill costs. The company is also committed to giving back to the communities that it serves. In 2017, it invested more than $10 million in nearly 1,000 educational, environmental, and community organizations across its service territory. Learn more about SoCalGas' giving here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

Sempra Energy CEO Debra L. Reed To Retire; Jeffrey W. Martin Named Successor

SAN DIEGO, March 12, 2018 /PRNewswire/ -- After a 40-year career, Debra L. Reed, chairman, president and CEO of Sempra Energy (NYSE: SRE), has announced she plans to retire Dec. 1, 2018, and step down as CEO and president May 1. The company's board of directors has elected Jeffrey W. Martin, currently executive vice president and chief financial officer of Sempra Energy, to succeed Reed as CEO. Martin also has been appointed as a new member of Sempra Energy's board, effective May 1. Joseph A. Householder, currently corporate group president of infrastructure businesses for Sempra Energy, has been elected to succeed Reed as the company's president. From May until her retirement in December, Reed will continue to serve as Sempra Energy's executive chairman. "Last month, I reached my 40 th year in the Sempra Energy family of companies," said Reed. "We are close to concluding several of our major growth initiatives, such as expanding in Texas with our acquisition of a majority interest in Oncor and the anticipated launch of our liquefied natural gas (LNG) export business in Louisiana next year. We have established a strong growth engine in Mexico with our IEnova subsidiary. Our California and South America utilities continue to perform at a very high level, providing safe and reliable service to their millions of customers and innovating to adapt to future market needs. "Over many years, our board of directors has led a robust leadership succession planning effort and today's announcement of new officer elections reflects the successful implementation of this planning. We have a talented and deep management team. Jeff Martin and Joe Householder are both tremendous leaders who will be excellent stewards of Sempra Energy's continued growth and success in the future. Both Jeff and Joe have broad career experience both inside and outside the energy industry and within our family of companies. They also both have demonstrated outstanding foresight and a keen ability to drive strong performance at every level of responsibility." Martin, 56, has served as Sempra Energy's executive vice president and chief financial officer since January 2017. In his 13 years with the Sempra Energy family of companies, he has held a variety of increasingly responsible leadership positions. From 2014 through 2016, he was CEO (adding the titles of chairman and president in 2015) of San Diego Gas & Electric (SDG&E), one of Sempra Energy's regulated California utilities. From 2010 through 2013, Martin was president and CEO of Sempra U.S. Gas & Power and Sempra Generation, the predecessor companies of Sempra Energy's renewable energy and midstream businesses. Prior to that, he was vice president of investor relations for Sempra Energy. He first joined Sempra Energy in 2004 as a principal working in Sempra Energy's mergers and acquisitions group. Before joining Sempra Energy, Martin was chief financial officer of NewEnergy, Inc. Also, he formerly served as corporate counsel at UniSource Energy and was an attorney at the law firm of Snell & Wilmer, focusing on corporate and commercial finance and real estate. Martin currently serves on the board of directors of the California Chamber of Commerce, where he is a member of its executive committee, and the board of trustees of the University of San Diego, where he is a member of the executive committee and chairs the athletics committee. He recently served on the boards of directors of the Edison Electric Institute, National Association of Manufacturers and San Diego Regional Chamber of Commerce. Martin holds a bachelor's degree from the United States Military Academy at West Point, a master's degree in public administration from the University of Texas, El Paso, and a law degree from the University of Miami. Householder, 62, has served as corporate group president of infrastructure businesses for Sempra Energy since January 2017, overseeing the company's operations in midstream, LNG, renewable energy and Mexico. Previously, from 2011 to 2016, Householder was Sempra Energy's executive vice president and chief financial officer. From 2007 to 2011, he served as senior vice president, controller and chief accounting officer for Sempra Energy. He joined Sempra Energy in 2001 as vice president of corporate tax and added the title of chief tax counsel in 2005, before being promoted to senior vice president and controller in 2006. Before joining Sempra Energy, Householder was a partner at PricewaterhouseCoopers in the firm's national tax office. Previously, he was vice president of corporate development and assistant chief financial officer of Unocal, where he was responsible for worldwide tax planning, financial reporting and forecasting, and risk-management compliance. Earlier in his career, Householder served as an attorney and a certified public accountant at several firms in the Los Angeles area. Householder serves on the board of Advanced Micro Devices and is a member of the Tax Executives Institute, the American Institute of Certified Public Accountants, the State Bar of California and the American Bar Association. Householder holds a bachelor's degree in business administration from the University of Southern California and a law degree from Loyola Law School. Additionally, he has completed the executive program at the UCLA Anderson School of Management. "A key priority in our decision was to ensure ample transition time for a smooth leadership succession," said William C. Rusnack, Sempra Energy's lead director. "In her seven years as CEO, Debbie Reed has sharpened Sempra Energy's strategic focus and led the company to new heights. Under her leadership, Sempra Energy's market value has more than doubled to nearly $29 billion. Debbie has built tremendous value for shareholders, taking our subsidiary, IEnova, public in Mexico, launching our LNG export business and, most recently, guiding the successful acquisition of a majority interest in Oncor, the largest utility in Texas." Reed, 61, was named Sempra Energy's CEO in 2011 and assumed the additional role of chairman in 2012. Prior to her appointment as CEO, Reed was Sempra Energy's executive vice president. Previously, from 2006 to 2010, she served as president and CEO of SDG&E and Southern California Gas Co. (SoCalGas). She also was chief operating officer of the two utilities, after initially being appointed president of SDG&E in 2000. Reed first joined the company in 1978 as an energy systems engineer at SoCalGas. In 1988, she became the first female officer at SoCalGas and then served in a series of increasingly responsible leadership positions. Currently, Reed is one of 27 female chief executive officers of Fortune 500 companies, and, from 2011 to 2017, she was recognized as one of Fortune magazine's "Most Powerful Women in Business." Reed also was recognized by Forbes magazine as one of the nation's most influential female CEOs. Reed serves on the boards of directors of Halliburton Co. and Caterpillar Inc. She is a member of The Business Council and the Business Roundtable, where she serves on the Energy and Environment Committee and the Tax and Fiscal Policy Committee. She is a member of The Trusteeship, an affiliate of the International Women's Forum. Additionally, she serves on the Rady Children's Hospital and Health Center Board of Trustees and Rady Children's Hospital – San Diego Board of Directors, the board of councilors of the University of Southern California Viterbi School of Engineering and the Chairman's Competitiveness Council of the San Diego Regional Economic Development Corporation, where she formerly served as chair. Previously, she served on the boards of directors of Genentech and Avery Dennison Corp. Reed graduated summa cum laude from the University of Southern California with a bachelor's degree in civil engineering. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Including Oncor, the Sempra Energy companies' approximately 20,000 employees serve 43 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where the doctrine of inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the risk that rulings by the CPUC such as denying recovery for wildfire damages may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate any adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; risks associated with the acquisition of our interest in Oncor Electric Delivery Company LLC (Oncor), including, but not limited to, any adverse impact of the acquisition on the credit ratings of Sempra Energy or Oncor, plans regarding future capital investments by Sempra Energy or Oncor, future return on equity or capital structure of Sempra Energy or Oncor, the risk that the anticipated benefits from the acquisition may not be fully realized or may take longer to realize than expected, the risk that we may be unable to obtain additional permanent equity financing for the acquisition on favorable terms, the risk that indebtedness Sempra Energy has incurred in connection with the acquisition may make it more difficult for Sempra Energy to repay or refinance our debt or take other actions that may decrease business flexibility and increase borrowing costs, and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy

Sempra Energy Completes Acquisition Of Majority Stake In Oncor

SAN DIEGO and DALLAS, March 9, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today completed its $9.45 billion acquisition of Energy Future Holdings Corp. (EFH), including EFH's approximate 80-percent indirect ownership interest in Oncor Electric Delivery Company LLC (Oncor). The close of the transaction creates a utility holding company with the largest U.S. customer base. "The completion of this acquisition – the biggest in our 20-year history – represents an important milestone in the execution of our growth strategy moving forward," said Debra L. Reed, chairman, president and CEO of Sempra Energy. "We expect the addition of Oncor to diversify our base of U.S. utility earnings and create a broader platform for our expansion in the future. Oncor is an exceptional utility and we plan to provide the support it needs to continue to safely and reliably meet the needs of its millions of customers and the expanding economy in Texas." Oncor will remain headquartered in Dallas. Allen Nye, who has been serving as Oncor's senior vice president and general counsel, now becomes Oncor's CEO, succeeding Bob Shapard, who becomes Oncor's chairman. "We are thrilled to have a financially strong and dynamic majority owner in Sempra Energy," said Nye. "Sempra Energy will be a great partner in our mission to provide the safest, most reliable and affordable electric service to our customers." The Public Utility Commission of Texas approved Sempra Energy's and Oncor's joint Change-in-Control application yesterday. The U.S. Bankruptcy Court for the District of Delaware provided its final approval last month. Sempra Energy entered into the agreement to acquire EFH Aug. 21, 2017. Headquartered in Dallas, Oncor is a regulated electric transmission and distribution service provider, made up of approximately 134,000 miles of lines and nearly 3.5 million advanced meters, making it the largest utility in Texas. Using cutting-edge technology, more than 3,900 employees work to safely maintain reliable electric delivery service to over 11 million Texans. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Including Oncor, the Sempra Energy companies' approximately 20,000 employees serve 43 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where the doctrine of inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the risk that rulings by the CPUC such as denying recovery for wildfire damages may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate any adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; risks associated with the acquisition of our interest in Oncor Electric Delivery Company LLC (Oncor), including, but not limited to, any adverse impact of the acquisition on the credit ratings of Sempra Energy or Oncor, plans regarding future capital investments by Sempra Energy or Oncor, future return on equity or capital structure of Sempra Energy or Oncor, the risk that the anticipated benefits from the acquisition may not be fully realized or may take longer to realize than expected, the risk that we may be unable to obtain additional permanent equity financing for the acquisition on favorable terms, the risk that indebtedness Sempra Energy has incurred in connection with the acquisition may make it more difficult for Sempra Energy to repay or refinance our debt or take other actions that may decrease business flexibility and increase borrowing costs, and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy

Texas Regulators Approve Sempra Energy's Majority Ownership Of Oncor

SAN DIEGO and DALLAS, March 8, 2018 /PRNewswire/ -- Oncor Electric Delivery Company LLC (Oncor) and Sempra Energy (NYSE: SRE) announced that the Public Utility Commission of Texas (PUCT) today approved an order authorizing the joint Change-in-Control application filed by Oncor and Sempra Energy, representing the last regulatory approval necessary for Sempra Energy to complete its pending acquisition of Energy Future Holdings Corp. (EFH), including EFH's indirect, approximate 80-percent ownership of Oncor. "The Public Utility Commission's approval of our application is a significant milestone for both Oncor and Sempra Energy," said Debra L. Reed, chairman, president and CEO of Sempra Energy. "We are pleased the Commission has found our transaction to be in the public interest. Sempra Energy is committed to being a good partner for the state and is supportive of Oncor's mission to provide Texans with safe, reliable and affordable electric service." "We appreciate the Commission's support throughout this long, four-year process to find a new majority owner for Oncor," said Bob Shapard, CEO of Oncor. "We believe this is an excellent outcome for our company, our customers and our employees. Sempra Energy is a well-run company, and we believe they will be a strong, stable majority owner for Oncor and an excellent partner for Texas." On Aug. 21, 2017, Sempra Energy entered into an agreement to acquire EFH. Obtaining PUCT approval is a condition necessary to close the transaction. The completion of the transaction remains subject to certain customary closing conditions, but Sempra Energy expects that this transaction will be completed shortly. For more information, go to www.Oncor-Sempra.com. Headquartered in Dallas, Oncor is a regulated electricity distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, delivering power to more than 3.5 million homes and businesses and operating more than 134,000 miles of transmission and distribution lines in Texas. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. The Sempra Energy companies' 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where the doctrine of inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the risk that rulings by the CPUC such as denying recovery for wildfire damages may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate any adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. Forward-looking statements also include, statements about the anticipated benefits of the proposed merger involving Sempra Energy, Energy Future Holdings Corp. (EFH), and EFH's 80.03 percent indirect interest in Oncor Electric Delivery Company LLC (Oncor), including future financial or operating results of Sempra Energy or Oncor, Sempra Energy's, EFH's or Oncor's plans, objectives, expectations or intentions, the anticipated impact of the merger, if consummated, on the credit ratings of Sempra Energy or Oncor, the expected timing of completion of the merger, plans regarding future capital investments by Sempra Energy or Oncor, future return on equity or capital structure of Sempra Energy or Oncor, and other statements that are not historical facts. Additional factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to satisfy all closing conditions required for the merger; the risk that the merger may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the merger may not be fully realized or may take longer to realize than expected and that liabilities that survive the bankruptcy will be greater than we anticipate; the risk that Sempra Energy may be unable to obtain, additional permanent equity financing for the merger on favorable terms; the risk that indebtedness Sempra Energy incurs in connection with the merger may make it more difficult for Sempra Energy to repay or refinance its debt or take other actions, which may decrease business flexibility and increase borrowing costs; the diversion of management time and attention to merger-related issues; merger-related costs, whether or not the merger is completed, as well as disruptions to our business; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy

Discovery Cube LA Updates Award-Winning Home Inspector Training Exhibit to Provide Energy Conservation, Affordability and Natural Gas Safety Information

Discovery Cube LA today announced that with the help of Southern California Gas Co . (SoCalGas) it has enhanced its award-winning “Inspector Training Course” to show the role natural gas plays in keeping home energy affordable and safe. SoCalGas presented Discovery Cube with a $100,000 check this morning, which the organization will use for multiple initiatives to bring STEM education to life for visitors. Over the past 18 years, SoCalGas has donated more than $400,000 to both Discovery Cube campuses in Los Angeles and Orange County. Photos of the event are available here . “We are thrilled to be a part of enhancing this award-winning interactive exhibit,” said Trisha Muse SoCalGas director of community relations. “It looks like a real home and gives kids the chance to learn about energy affordability, safety, and efficiency, as well as the role natural gas is playing to support a healthy economy and environment.” “SoCalGas has been an amazing community partner, not only in helping us pursue our mission to educate kids on STEM topics, but in helping families conserve energy and help the environment,” said Wendy Greuel, vice-chair of Discovery Cube LA. “The over 200,000 students and families who visit the Cube annually will benefit from the lessons learned in this exhibit for decades to come, thus creating transformational change that will not only better our community, but the entire region.” The Inspector Training Course exhibit is a technologically groundbreaking scavenger hunt that teaches kids and parents about energy conservation and sustainability in their own homes. Visitors are outfitted with tablets and go on immersive quests with the opportunity to learn about: gas safety, energy efficiency, energy conservation, and how gas, electricity and renewable energy work together. This exhibit lets families become more familiar with the role natural gas plays in their everyday lives, and the importance of using gas in a safe and environmentally friendly way. Discovery Cube inspires and educates young minds through engaging science-based programs and exhibits to create a meaningful impact on the communities they serve. Their mission is brought to life through the cornerstones of their four core initiatives, including: STEM Proficiency, Early Learning, Healthy Living and Environmental Stewardship. SoCalGas has been a longtime supporter of the Discovery Cube and its work to encourage STEM learning and to create community initiatives to live in a more efficient and eco-friendly way. For more information on the exhibit, visit la.discoverycube.org . About Discovery Science Foundation: The Discovery Science Foundation serves as the educational program-development and fundraising arm for hands-on science learning centers in Orange County, Los Angeles and Newport Beach, California. Established in 1989, the Discovery Cube, presented by Taco Bell, continues to inspire and educate millions of young minds through engaging science-based programs and exhibits. In 2012, the Cube was named one of the 10 “Most Trusted Brands” in Orange County and in 2013 was awarded the National Medal of service from the Institute of Museum and Library Services at The White House. In November 2014, a second nonprofit Discovery Cube offering an exhibit and program mix unique to Los Angeles, opened in the Hansen Dam Recreational Area of the San Fernando Valley. Most recently, Discovery Cube’s Ocean Quest opened in Newport Beach as a base of operations for ocean-science education and programs. For more information visit discoverycube.org . Follow the Los Angeles and Orange County campus on social platforms ( @DiscoveryCubeLA , @DiscoveryCubeOC ). About SoCalGas: Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company is working to accelerate the use of renewable natural gas , a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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 .

Traffic Advisory: Pipeline Modernization Project along 190th Street in Torrance and Redondo Beach to Begin on March 5

WHAT: SoCalGas will be performing a pipeline modernization project on West 190 th Street between South Inglewood Avenue in Redondo Beach to Crenshaw Place in Torrance. To perform this pipeline improvement project safely, eastbound and westbound lanes on 190 th Street will be reduced periodically. Left lanes in both directions will be closed to traffic for approximately two miles, as shown in this link. During work hours, drivers passing by the work site may see excavation, equipment and vehicles. Traffic control message boards, cones and flagmen will help direct the flow of traffic. No interruption to natural gas service is anticipated. During the construction work, customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who smells gas to call us at 1-800-427-2200 . SoCalGas is available 24 hours a day, seven days a week. WHERE: 190 th Street between West 190 th Street between South Inglewood Avenue and Crenshaw Place in Redondo Beach and Torrance, as shown in this link. WHEN: LANE REDUCTIONS: Monday through Saturday from 8:30 a.m. – 6:30 p.m., starting Monday, March 5 through September 2018, as weather and other factors permit. NOTE: This effort is part of SoCalGas’ Pipeline Safety Enhancement Plan (PSEP), a multi-billion-dollar program that tests and updates the natural gas pipeline infrastructure in Southern California. From 2011 through 2016, the company invested nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability.

Energy Storage Projects To Benefit Emergency Service Providers And Nonprofits

SAN DIEGO, Feb. 28, 2018 /PRNewswire/ -- Today, San Diego Gas & Electric (SDG&E) took another step toward preparing the region for the next major emergency. The company announced plans to add up to 166 megawatts (MW) of energy storage in a proposal submitted to the California Public Utilities Commission (CPUC). If approved, the projects would support public-sector facilities that provide safety, security and emergency services during power grid outages. The initial projects – seven in total – would be in San Diego County's rural and urban areas and serve critical public-sector facilities such as fire and police stations, emergency operation centers, and emergency evacuation sites. Providing these public facilities with energy storage systems will help maintain vital operations that serve the public's well-being. Pending CPUC approval, the plan would be implemented in phases over the next few years with all projects in operation by 2024. "The innovative projects were developed through close collaboration with local leaders and will significantly increase the resiliency of critical public-sector infrastructure," said Scott Drury, SDG&E's president. SDG&E's plan also includes an Energy Storage Customer Program Pilot. It would provide incentives for nonprofit care facilities to purchase energy storage systems. Eligible nonprofit low-income care facilities would include, but are not limited to, short or long-term care (hospice, nursing homes, children's and senior' homes), group homes for physically or mentally disabled persons, or other nonprofit group living homes. The proposals are in response to California's Assembly Bill 2868 which was signed into law in 2016 and allows the company to add distributed energy storage. Pending CPUC approval, SDG&E would issue a solicitation to identify a third party to administer the Energy Storage Customer Program Pilot. The company expects to launch the program within one year of CPUC approval. Energy storage is playing a key role in SDG&E's commitment to deliver clean, safe and reliable energy. By 2030, the company expects to develop or interconnect more than 330 MWs of energy storage. These projects will help deliver more renewables to customers and help strengthen SDG&E's record as the most reliable utility in the West. 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 delivering 43 percent of 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 Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook. Forward-Looking Statements This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where the doctrine of inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the risk that rulings by the CPUC such as denying recovery for wildfire damages may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate any adverse impacts; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to favorable international trade agreements, and changes that make our exports less competitive or impair our ability to export or resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; the impact on reliability of our electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through our electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. sdge.comTwitter: @sdge SOURCE San Diego Gas & Electric (SDG&E)

Sempra Energy Reports Strong 2017 Operating Results

SAN DIEGO, Feb. 27, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today reported earnings of $256 million, or $1.01 per diluted share, in 2017, compared with earnings of $1.37 billion, or $5.46 per diluted share, in 2016. On an adjusted basis, Sempra Energy's 2017 earnings increased to $1.37 billion, or $5.42 per diluted share, from $1.27 billion, or $5.05 per diluted share, in 2016. Among the items excluded from 2017 adjusted earnings was a fourth-quarter $870 million income-tax expense related to the impact of the Tax Cuts and Jobs Act of 2017. A portion of this income-tax expense relates to Sempra Energy's plans to repatriate approximately $1.6 billion of undistributed foreign earnings over the next five years. Also excluded from Sempra Energy's 2017 adjusted earnings was the previously disclosed third-quarter $208 million after-tax write-off related to the California Public Utilities Commission (CPUC) denial of recovery by San Diego Gas & Electric (SDG&E) of costs related to the 2007 San Diego wildfires. "In 2017, we produced outstanding financial and operating results, while making significant investments to fuel our future growth," said Debra L. Reed, chairman, president and CEO of Sempra Energy. "Our proposal to acquire a majority stake in Oncor continues to gain positive momentum and we expect state regulators to complete their review within the next month. Our California utilities are executing on their robust capital programs to reinforce their systems and filed their General Rate Case applications for 2019. Additionally, both SDG&E and Sempra LNG & Midstream recently resolved key business issues, resulting in better visibility going forward." For the fourth quarter, Sempra Energy recorded a loss of $501 million, or $1.99 per diluted share, in 2017, compared with earnings of $379 million, or $1.51 per diluted share, in 2016. Excluding items in the table below, Sempra Energy's adjusted earnings in the fourth quarter 2017 increased to $389 million, or $1.54 per diluted share, from $383 million, or $1.52 per diluted share, in the fourth quarter 2016. These financial results reflect certain significant items, as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for the fourth quarter and full year of 2017 and 2016. Three months Years ended ended December 31, December 31, (Dollars, except EPS, and shares, in millions) 2017 2016 2017 2016 (Unaudited) GAAP (Losses) Earnings $ (501) $ 379 $ 256 $ 1,370 Impact from the Tax Cuts and Jobs Act of 2017 870 - 870 - Aliso Canyon Litigation Reserves 20 - 20 - Write-Off of Wildfire Regulatory Asset - - 208 - Gain on Gasoductos de Chihuahua (GdC) Acquisition - - - (350) Gain on Sale of EnergySouth - - - (78) Adjustments Related to Termoeléctrica de Mexicali (TdM) Held For Sale - 4 42 95 (Recoveries) Losses Related to Permanent Releases of Pipeline Capacity - - (28) 123 Tax Repairs Adjustments Related to 2016 General Rate Case - - - 80 Impairment of Investment in Rockies Express Pipeline - - - 27 Adjusted Earnings (1) $ 389 $ 383 $1,368 $ 1,267 Diluted Weighted-Average Common Shares Outstanding 253 (2) 252 252 251 GAAP (Losses) Earnings Per Diluted Share $(1.99) (2) $1.51 $ 1.01 $ 5.46 Adjusted Earnings Per Diluted Share (1) $ 1.54 $1.52 $ 5.42 $ 5.05 1) Sempra Energy adjusted earnings and adjusted earnings per share are non-GAAP financial measures. See Table A in the appendix for information regarding non-GAAP financial measures and descriptions of adjustments above. 2) For the three months ended Dec. 31, 2017, the total weighted average number of potentially dilutive securities was 0.8 million. However, these securities were not included in the computation of GAAP losses per common share since to do so would have decreased the loss per share. Sempra Energy's board of directors last week approved an approximate 9-percent increase in the company's annualized dividend to $3.58 per common share from $3.29 per common share. Yesterday, the U.S. Bankruptcy Court for the District of Delaware ruled that it will confirm the plan of reorganization and approve the merger for Sempra Energy to acquire Energy Future Holdings Corp. (EFH), including EFH's indirect, approximate 80-percent ownership interest in Oncor Electric Delivery Company LLC (Oncor). On Feb. 15, the Public Utility Commission of Texas (PUCT) waived scheduled hearings and directed PUCT staff to draft a proposed order approving the merger, for a potential final vote as early as March 8. Additionally, last month, Sempra Energy conducted successful equity and debt offerings to raise funds for the transaction. SEMPRA UTILITIES San Diego Gas & Electric SDG&E's fourth-quarter earnings were $131 million in 2017, compared with $151 million in 2016. The decrease was primarily due to a $28 million income-tax expense related to the Tax Cuts and Jobs Act of 2017, partially offset by higher earnings from projects under construction. SDG&E's full-year earnings were $407 million in 2017, down from $570 million in 2016, primarily due to the third-quarter 2017 after-tax write-off of $208 million in regulatory assets related to the denial of recovery of costs associated with the 2007 San Diego wildfires. On Jan. 30, 2018, SDG&E entered into a settlement agreement with Southern California Edison and multiple parties to resolve the cost-allocation dispute related to the retirement of the San Onofre Nuclear Generating Station (SONGS). If approved by the CPUC, the settlement would conclude the CPUC's investigation into the original SONGS settlement. SDG&E has a 20-percent ownership stake in SONGS. Southern California Gas Co. In the fourth quarter 2017, SoCalGas' earnings were $128 million, down from $151 million in the fourth quarter 2016, due primarily to litigation reserves recorded in 2017 related to the Aliso Canyon natural gas leak. For the full year, SoCalGas' earnings increased to $396 million in 2017 from $349 million in 2016, primarily due to higher earnings from the Pipeline Safety Enhancement Plan and Advanced Meter technology programs. Additionally, in 2016, SoCalGas had tax repairs adjustments related to the 2016 General Rate Case and an impairment charge related to CPUC denial of a proposed pipeline project. Sempra South American Utilities In the fourth quarter 2017, Sempra South American Utilities earnings increased to $52 million from $29 million in the fourth quarter 2016, primarily due to a $17 million charge in 2016 related to Peruvian tax reform, as well as higher operational earnings in 2017 in Peru. In 2017, full-year earnings for Sempra South American Utilities were $186 million, up from $156 million in 2016. SEMPRA INFRASTRUCTURE Sempra Mexico Sempra Mexico's fourth-quarter 2017 earnings rose to $64 million, from $56 million in the fourth quarter 2016, due primarily to favorable currency exchange rate and inflation effects. Sempra Mexico's full-year earnings were $169 million in 2017, compared with $463 million in 2016, primarily due to the $350 million remeasurement gain in connection with IEnova's Gasoductos de Chihuahua acquisition in 2016. Sempra Renewables Fourth-quarter earnings for Sempra Renewables were $203 million in 2017, compared with $12 million in 2016, primarily due to a $192 million non-cash income-tax benefit related to the Tax Cuts and Jobs Act of 2017. In 2017, full-year earnings for Sempra Renewables were $252 million, up from $55 million in 2016. Sempra LNG & Midstream Sempra LNG & Midstream had earnings of $126 million in the fourth quarter 2017, compared with a net loss of $3 million in the fourth quarter 2016, due primarily to a $133 million non-cash income-tax benefit related to the Tax Cuts and Jobs Act of 2017. For the full year, Sempra LNG & Midstream had earnings of $150 million in 2017, compared with a net loss of $107 million in 2016. In December 2017, Sempra LNG & Midstream announced that the Cameron LNG joint-venture partners had reached a settlement agreement with their contractor, CCJV, related to construction of the Cameron LNG liquefaction project in Hackberry, La. The settlement resolves all of CCJV's project-related claims as of the date of the agreement and better aligns the interests of all parties in achieving the joint goal of having all three of Cameron LNG's liquefaction trains producing liquefied natural gas in 2019. 2018 EARNINGS GUIDANCE Sempra Energy today affirmed its 2018 earnings-per-share guidance range of $5.30 to $5.80, reflecting both accretion from the expected closing of the Oncor transaction and the impact of federal tax reform. NON-GAAP FINANCIAL MEASURES Non-GAAP financial measures for Sempra Energy include fourth-quarter and full-year 2017 and 2016 adjusted earnings and adjusted earnings per share. Additional information regarding these non-GAAP financial measures is in the appendix on Table A of the fourth-quarter 2017 financial tables. INTERNET BROADCAST Sempra Energy will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. EST with senior management of the company. Access is available by logging onto the website at www.sempra.com. For those unable to log onto the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 7936770. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. The Sempra Energy companies' 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where the doctrine of inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the risk that rulings by the CPUC such as denying recovery for wildfire damages may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate any adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. Forward-looking statements also include, statements about the anticipated benefits of the proposed merger involving Sempra Energy, EFH, and EFH's 80.03 percent indirect interest in Oncor, including future financial or operating results of Sempra Energy or Oncor, Sempra Energy's, EFH's or Oncor's plans, objectives, expectations or intentions, the anticipated impact of the merger, if consummated, on the credit ratings of Sempra Energy or Oncor, the expected timing of completion of the merger, plans regarding future capital investments by Sempra Energy or Oncor, future return on equity or capital structure of Sempra Energy or Oncor, and other statements that are not historical facts. Additional factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to satisfy all closing conditions including obtaining governmental and regulatory approvals required for the merger, or that required governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the merger or be onerous to Sempra Energy; the risk that the merger may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the merger may not be fully realized or may take longer to realize than expected and that liabilities that survive the bankruptcy will be greater than we anticipate; the risk that Sempra Energy may be unable to obtain, additional permanent equity financing for the merger on favorable terms; the risk that indebtedness Sempra Energy incurs in connection with the merger may make it more difficult for Sempra Energy to repay or refinance its debt or take other actions, which may decrease business flexibility and increase borrowing costs; the diversion of management time and attention to merger-related issues; merger-related costs, whether or not the merger is completed, as well as disruptions to our business; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SEMPRA ENERGY Table A CONSOLIDATED STATEMENTS OF OPERATIONS Three months ended December 31, Years ended December 31, (Dollars in millions, except per share amounts) 2017 2016 2017 2016 (unaudited) REVENUES Utilities $ 2,604 $ 2,561 $ 9,776 $ 9,261 Energy-related businesses 360 309 1,431 922 Total revenues 2,964 2,870 11,207 10,183 EXPENSES AND OTHER INCOME Utilities: Cost of electric fuel and purchased power (551) (508) (2,281) (2,188) Cost of natural gas (287) (365) (1,190) (1,067) Energy-related businesses: Cost of natural gas, electric fuel and purchased power (113) (64) (339) (277) Other cost of sales (19) (29) (24) (322) Operation and maintenance (910) (861) (3,117) (2,970) Depreciation and amortization (384) (342) (1,490) (1,312) Franchise fees and other taxes (111) (111) (436) (426) Write-off of wildfire regulatory asset — — (351) — Impairment adjustment (losses) — 1 (72) (153) Gain on sale of assets 1 3 3 134 Equity earnings, before income tax 3 2 34 6 Remeasurement of equity method investment — — — 617 Other (expense) income, net (47) 34 254 132 Interest income 20 7 46 26 Interest expense (166) (132) (659) (553) Income before income taxes and equity earnings of certain unconsolidated subsidiaries 400 505 1,585 1,830 Income tax expense (898) (105) (1,276) (389) Equity earnings, net of income tax 47 9 42 78 Net (loss) income (451) 409 351 1,519 Earnings attributable to noncontrolling interests (50) (30) (94) (148) Preferred dividends of subsidiary — — (1) (1) (Losses) earnings $ (501) $ 379 $ 256 $ 1,370 Basic (losses) earnings per common share $ (1.99) $ 1.51 $ 1.02 $ 5.48 Weighted-average number of shares outstanding, basic (thousands) 251,902 250,645 251,545 250,217 Diluted (losses) earnings per common share (1) $ (1.99) $ 1.51 $ 1.01 $ 5.46 Weighted-average number of shares outstanding, diluted (thousands) (1) 251,902 251,611 252,300 251,155 Dividends declared per share of common stock $ 0.82 $ 0.75 $ 3.29 $ 3.02 (1) For the three months ended December 31, 2017, the total weighted-average number of potentially dilutive securities was 0.8 million. However, these securities were not included in the computation of GAAP losses per common share since to do so would have decreased the loss per share. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY ADJUSTED EARNINGS TO SEMPRA ENERGY GAAP (LOSSES) EARNINGS (Unaudited) Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2017 and 2016 as follows: Three months ended December 31, 2017: • $(870) million income tax expense from the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) • $(20) million associated with Aliso Canyon litigation reserves at SoCalGas Three months ended December 31, 2016: • $(4) million deferred income tax expense on Termoeléctrica de Mexicali (TdM) assets held for sale at Sempra Mexico Year ended December 31, 2017: • $(870) million income tax expense from the impact of the TCJA • $(208) million write-off of wildfire regulatory asset at SDG&E • $(47) million impairment of TdM assets held for sale • $(20) million associated with Aliso Canyon litigation reserves at SoCalGas • $5 million deferred income tax benefit on the TdM assets held for sale • $28 million of recoveries related to 2016 permanent releases of pipeline capacity at Sempra LNG & Midstream Year ended December 31, 2016: • $350 million noncash gain from the remeasurement of our equity method investment in IEnova Pipelines (formerly Gasoductos de Chihuahua or GdC), a 50-50 joint venture between our Mexican subsidiary, IEnova, and Petróleos Mexicanos (PEMEX), in connection with IEnova's September 2016 acquisition of PEMEX's 50-percent interest in GdC • $78 million gain at Sempra LNG & Midstream on the September 2016 sale of EnergySouth Inc., the parent company of Mobile Gas and Willmut Gas • $(123) million losses from the permanent releases of pipeline capacity at Sempra LNG & Midstream • $(80) million adjustments related to tax repairs deductions reallocated to ratepayers as a result of the 2016 General Rate Case Final Decision (2016 GRC FD) at the California Utilities • $(27) million impairment charge related to Sempra LNG & Midstream's investment in Rockies Express Pipeline LLC (Rockies Express) • $(90) million impairment of TdM assets held for sale • $(5) million deferred income tax expense related to our decision to hold TdM for sale Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share are non-GAAP financial measures (GAAP represents accounting principles generally accepted in the United States of America). Because of the significance and/or nature of the excluded items, management believes that these non-GAAP financial measures provide a meaningful comparison of the performance of Sempra Energy's business operations from 2017 to 2016 and to future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra Energy GAAP (Losses) Earnings and GAAP Diluted (Losses) Earnings Per Common Share, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. Pretax amount Income tax expense (benefit) (1) Non-controlling interests (Losses) earnings Pretax amount Income tax expense (benefit) (1) Non-controlling interests Earnings (Dollars in millions, except per share amounts) Three months ended December 31, 2017 Three months ended December 31, 2016 Sempra Energy GAAP (Losses) Earnings $ (501) $ 379 Excluded items: Impact from the TCJA $ — $ 870 $ — 870 $ — $ — $ — — Aliso Canyon litigation reserves 20 — — 20 — — — — Deferred income tax expense associated with TdM — — — — — 7 (3) 4 Sempra Energy Adjusted Earnings $ 389 $ 383 Diluted (losses) earnings per common share: Sempra Energy GAAP (Losses) Earnings $ (1.99) (2) $ 1.51 Sempra Energy Adjusted Earnings $ 1.54 $ 1.52 Weighted-average number of shares outstanding, diluted (thousands) 252,725 (2) 251,611 Year ended December 31, 2017 Year ended December 31, 2016 Sempra Energy GAAP Earnings $ 256 $ 1,370 Excluded items: Impact from the TCJA $ — $ 870 $ — 870 $ — $ — $ — — Write-off of wildfire regulatory asset 351 (143) — 208 — — — — Impairment of TdM assets held for sale 71 — (24) 47 131 (20) (21) 90 Aliso Canyon litigation reserves 20 — — 20 — — — — Deferred income tax (benefit) expense associated with TdM — (8) 3 (5) — 8 (3) 5 Recoveries related to 2016 permanent releases of pipeline capacity (47) 19 — (28) — — — — Remeasurement gain in connection with GdC acquisition — — — — (617) 185 82 (350) Gain on sale of EnergySouth — — — — (130) 52 — (78) Permanent releases of pipeline capacity — — — — 206 (83) — 123 SDG&E tax repairs adjustments related to 2016 GRC FD — — — — 52 (21) — 31 SoCalGas tax repairs adjustments related to 2016 GRC FD — — — — 83 (34) — 49 Impairment of investment in Rockies Express — — — — 44 (17) — 27 Sempra Energy Adjusted Earnings $ 1,368 $ 1,267 Diluted earnings per common share: Sempra Energy GAAP Earnings $ 1.01 $ 5.46 Sempra Energy Adjusted Earnings $ 5.42 $ 5.05 Weighted-average number of shares outstanding, diluted (thousands) 252,300 251,155 (1) Income taxes were calculated based on applicable statutory tax rates, except for adjustments that are solely income tax. Income taxes on the impairment of TdM were calculated based on the applicable statutory tax rate, including translation from historic to current exchange rates. An income tax benefit of $12 million associated with the 2017 TdM impairment has been fully reserved. (2) The total weighted-average number of potentially dilutive securities was 0.8 million. However, these securities were not included in the computation of GAAP losses per common share since to do so would have decreased the loss per share. SEMPRA ENERGY Table B CONSOLIDATED BALANCE SHEETS (Dollars in millions) December 31, 2017 December 31, 2016 Assets Current assets: Cash and cash equivalents $ 288 $ 349 Restricted cash 62 66 Accounts receivable, net 1,584 1,554 Due from unconsolidated affiliates 37 26 Income taxes receivable 110 43 Inventories 307 258 Regulatory assets 325 348 Fixed-price contracts and other derivatives 66 83 Greenhouse gas allowances 299 40 Assets held for sale 127 201 Other 136 142 Total current assets 3,341 3,110 Other assets: Restricted cash 14 10 Due from unconsolidated affiliates 598 201 Regulatory assets 1,517 3,414 Nuclear decommissioning trusts 1,033 1,026 Investments 2,527 2,097 Goodwill 2,397 2,364 Other intangible assets 596 548 Dedicated assets in support of certain benefit plans 455 430 Insurance receivable for Aliso Canyon costs 418 606 Deferred income taxes 170 234 Greenhouse gas allowances 93 295 Sundry 792 520 Total other assets 10,610 11,745 Property, plant and equipment, net 36,503 32,931 Total assets $ 50,454 $ 47,786 Liabilities and Equity Current liabilities: Short-term debt $ 1,540 $ 1,779 Accounts payable 1,523 1,476 Due to unconsolidated affiliates 7 11 Dividends and interest payable 342 319 Accrued compensation and benefits 439 409 Regulatory liabilities 109 122 Current portion of long-term debt 1,427 913 Fixed-price contracts and other derivatives 109 83 Customer deposits 162 158 Reserve for Aliso Canyon costs 84 53 Greenhouse gas obligations 299 40 Liabilities held for sale 49 47 Other 545 517 Total current liabilities 6,635 5,927 Long-term debt 16,445 14,429 Deferred credits and other liabilities: Customer advances for construction 150 152 Due to unconsolidated affiliates 35 — Pension and other postretirement benefit plan obligations, net of plan assets 1,148 1,208 Deferred income taxes 2,767 3,745 Deferred investment tax credits 28 28 Regulatory liabilities 3,922 2,876 Asset retirement obligations 2,732 2,431 Fixed-price contracts and other derivatives 316 405 Greenhouse gas obligations — 171 Deferred credits and other 1,136 1,173 Total deferred credits and other liabilities 12,234 12,189 Equity: Sempra Energy shareholders' equity 12,670 12,951 Preferred stock of subsidiary 20 20 Other noncontrolling interests 2,450 2,270 Total equity 15,140 15,241 Total liabilities and equity $ 50,454 $ 47,786 SEMPRA ENERGY Table C CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended December 31, (Dollars in millions) 2017 2016 (1) Cash Flows from Operating Activities Net income $ 351 $ 1,519 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,490 1,312 Deferred income taxes and investment tax credits 1,160 217 Write-off of wildfire regulatory asset 351 — Impairment losses 72 153 Gain on sale of assets (3) (134) Equity earnings, net (76) (84) Remeasurement of equity method investment — (617) Fixed-price contracts and other derivatives 7 21 Other 149 62 Net change in other working capital components 57 (59) Insurance receivable for Aliso Canyon costs 188 (281) Changes in other assets (214) 49 Changes in other liabilities 93 153 Net cash provided by operating activities 3,625 2,311 Cash Flows from Investing Activities Expenditures for property, plant and equipment (3,949) (4,214) Expenditures for investments and acquisitions, net of cash, cash equivalents and restricted cash acquired (270) (1,504) Proceeds from sale of assets, net of cash sold 17 763 Distributions from investments 26 25 Purchases of nuclear decommissioning and other trust assets (1,314) (1,034) Proceeds from sales by nuclear decommissioning and other trusts 1,314 1,134 Advances to unconsolidated affiliates (531) (25) Repayments of advances to unconsolidated affiliates 9 11 Other (2) 9 Net cash used in investing activities (4,700) (4,835) Cash Flows from Financing Activities Common dividends paid (755) (686) Preferred dividends paid by subsidiary (1) (1) Issuances of common stock 47 51 Repurchases of common stock (15) (56) Issuances of debt (maturities greater than 90 days) 4,509 2,951 Payments on debt (maturities greater than 90 days) (2,800) (2,057) (Decrease) increase in short-term debt, net (36) 692 Advances from unconsolidated affiliates 35 — Proceeds from sale of noncontrolling interests, net of $3 and $40 in offering costs, respectively 196 1,692 Net distributions to noncontrolling interests (130) (63) Other (43) (21) Net cash provided by financing activities 1,007 2,502 Effect of exchange rate changes on cash, cash equivalents and restricted cash 7 (3) Decrease in cash, cash equivalents and restricted cash (61) (25) Cash, cash equivalents and restricted cash, January 1 425 450 Cash, cash equivalents and restricted cash, December 31 $ 364 $ 425 (1) As adjusted for the retrospective adoption of ASU 2016-15 and ASU 2016-18. SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES, INVESTMENTS AND ACQUISITIONS Three months ended December 31, Years ended December 31, (Dollars in millions) 2017 2016 2017 2016 (unaudited) Earnings (Losses) Sempra Utilities: San Diego Gas & Electric $ 131 $ 151 $ 407 $ 570 Southern California Gas 128 151 396 349 Sempra South American Utilities 52 29 186 156 Sempra Infrastructure: Sempra Mexico 64 56 169 463 Sempra Renewables 203 12 252 55 Sempra LNG & Midstream 126 (3) 150 (107) Parent and other (1,205) (17) (1,304) (116) (Losses) Earnings $ (501) $ 379 $ 256 $ 1,370 Three months ended December 31, Years ended December 31, (Dollars in millions) 2017 2016 (1) 2017 2016 (1) (unaudited) Capital Expenditures, Investments and Acquisitions Sempra Utilities: San Diego Gas & Electric $ 433 $ 440 $ 1,555 $ 1,399 Southern California Gas 334 370 1,367 1,319 Sempra South American Utilities 106 61 245 194 Sempra Infrastructure: Sempra Mexico 202 384 467 1,750 Sempra Renewables 136 132 497 871 Sempra LNG & Midstream 15 28 68 164 Parent and other 3 4 20 21 Capital Expenditures, Investments and Acquisitions $ 1,229 $ 1,419 $ 4,219 $ 5,718 (1) As adjusted for the retrospective adoption of ASU 2016-15 and ASU 2016-18. SEMPRA ENERGY Table E OTHER OPERATING STATISTICS (Unaudited) Three months ended December 31, Years ended or at December 31, UTILITIES 2017 2016 2017 2016 SDG&E and SoCalGas Gas Sales (Bcf) (1) 88 92 341 334 Transportation (Bcf) (1) 150 164 638 641 Total Deliveries (Bcf) (1) 238 256 979 975 Total Gas Customers (Thousands) 6,846 6,808 Electric Sales (Millions of kWhs) (1) 3,845 3,987 15,617 15,649 Direct Access (Millions of kWhs) 864 942 3,394 3,515 Total Deliveries (Millions of kWhs) (1) 4,709 4,929 19,011 19,164 Total Electric Customers (Thousands) 1,446 1,434 Other Utilities Natural Gas Sales (Bcf) Sempra Mexico – Ecogas 7 7 29 29 Mobile Gas (2) — — — 33 Willmut Gas (2) — — — 2 Natural Gas Customers (Thousands) Sempra Mexico – Ecogas 120 119 Chile: Electric Sales (Millions of kWhs) 735 739 2,936 2,900 Tolling (Millions of kWhs) 27 23 98 90 Total Deliveries (Millions of kWhs) 762 762 3,034 2,990 Peru: Electric Sales (Millions of kWhs) 1,678 1,780 6,999 7,387 Tolling (Millions of kWhs) 539 396 1,922 1,365 Total Deliveries (Millions of kWhs) 2,217 2,176 8,921 8,752 Electric Customers (Thousands) Chile 704 688 Peru 1,102 1,078 ENERGY-RELATED BUSINESSES Sempra Infrastructure Power Generated and Sold (Millions of kWhs) Sempra Mexico (3) 1,305 826 4,337 3,173 Sempra Renewables (4) 1,075 815 4,175 2,956 (1) Includes intercompany sales. (2) On September 12, 2016, Sempra LNG & Midstream completed the sale of the parent company of Mobile Gas and Willmut Gas. (3) Includes power generated and sold at the Termoeléctrica de Mexicali natural gas-fired power plant, which is currently held for sale, and the Ventika wind power generation facilities acquired in December 2016. Also includes 50 percent of total power generated and sold at the Energía Sierra Juárez wind power generation facility, in which Sempra Energy has a 50-percent ownership interest. Energía Sierra Juárez is not consolidated within Sempra Energy, and the related investment is accounted for under the equity method. (4) Includes 50 percent of total power generated and sold related to solar and wind projects in which Sempra Energy has a 50-percent ownership interest. These subsidiaries are not consolidated within Sempra Energy, and the related investments are accounted for under the equity method. SEMPRA ENERGY Table F (Unaudited) STATEMENT OF OPERATIONS DATA BY SEGMENT Three months ended December 31, 2017 (Dollars in millions) SDG&E SoCalGas Sempra South American Utilities Sempra Mexico Sempra Renewables Sempra LNG & Midstream Consolidating Adjustments, Parent & Other Total Revenues $ 1,125 $ 1,090 $ 398 $ 323 $ 20 $ 134 $ (126) $ 2,964 Cost of sales and other expenses (706) (757) (312) (164) (19) (136) 104 (1,990) Depreciation and amortization (171) (131) (14) (42) (10) (11) (5) (384) Equity earnings (losses), before income tax — — — — 4 (1) — 3 Other income (expense), net 17 8 6 (86) 1 1 6 (47) Income (loss) before interest and tax (1) 265 210 78 31 (4) (13) (21) 546 Net interest (expense) income (2) (52) (25) 3 (13) (1) 3 (61) (146) Income tax (expense) benefit (3) (83) (57) (23) 51 201 136 (1,123) (898) Equity earnings, net of income tax — — 2 45 — — — 47 Losses (earnings) attributable to noncontrolling interests 1 — (8) (50) 7 — — (50) Earnings (losses) $ 131 $ 128 $ 52 $ 64 $ 203 $ 126 $ (1,205) $ (501) Three months ended December 31, 2016 (Dollars in millions) SDG&E SoCalGas Sempra South American Utilities Sempra Mexico Sempra Renewables Sempra LNG & Midstream Consolidating Adjustments, Parent & Other Total Revenues $ 1,061 $ 1,135 $ 386 $ 244 $ 9 $ 124 $ (89) $ 2,870 Cost of sales and other expenses (632) (779) (318) (124) (16) (127) 58 (1,938) Depreciation and amortization (168) (121) (8) (30) (2) (10) (3) (342) Adjustment to impairment losses — 1 — — — — — 1 (Loss) gain on sale of assets — — (1) — 4 — — 3 Equity earnings (losses), before income tax — — — — 4 (2) — 2 Other income (expense), net 12 8 11 6 1 1 (5) 34 Income (loss) before interest and tax (1) 273 244 70 96 — (14) (39) 630 Net interest (expense) income (2) (50) (25) (3) 1 (1) 9 (56) (125) Income tax (expense) benefit (76)

U.S. Bankruptcy Court Approves Sempra Energy's Acquisition Of Oncor's Holding Company

SAN DIEGO, Feb. 26, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the U.S. Bankruptcy Court for the District of Delaware (Bankruptcy Court) has confirmed the plan of reorganization for Energy Future Holdings Corp. (EFH) and provided its final approval for Sempra Energy's agreement to acquire EFH, and its indirect, approximate 80-percent ownership interest in Oncor Electric Delivery Company LLC (Oncor). Approval by the Public Utility Commission of Texas (PUCT) is the final major regulatory milestone before the transaction can be completed. The PUCT is expected to consider an order approving Sempra Energy's and Oncor's joint Change-in-Control application as early as March 8. If approved by the PUCT, Sempra Energy plans to close the transaction soon thereafter. "Today's action by the Bankruptcy Court paves the way for EFH to end its long-running bankruptcy case and advances our proposal to acquire a majority stake in Oncor to the final stage," said Debra L. Reed, chairman, president and CEO of Sempra Energy. Headquartered in Dallas, Oncor is a regulated electric transmission and distribution service provider, made up of approximately 134,000 miles of lines and more than 3.4 million advanced meters, making it the largest utility in Texas. Using cutting-edge technology, more than 3,900 employees work to safely maintain reliable electric delivery service to over 10 million Texans. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where the doctrine of inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the risk that rulings by the CPUC such as denying recovery for wildfire damages may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate any adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. Forward-looking statements also include, statements about the anticipated benefits of the proposed merger involving Sempra Energy, EFH, and EFH's 80.03 percent indirect interest in Oncor, including future financial or operating results of Sempra Energy or Oncor, Sempra Energy's, EFH's or Oncor's plans, objectives, expectations or intentions, the anticipated impact of the merger, if consummated, on the credit ratings of Sempra Energy or Oncor, the expected timing of completion of the merger, plans regarding future capital investments by Sempra Energy or Oncor, future return on equity or capital structure of Sempra Energy or Oncor, and other statements that are not historical facts. Additional factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to satisfy all closing conditions including obtaining governmental and regulatory approvals required for the merger, or that required governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the merger or be onerous to Sempra Energy; the risk that the merger may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the merger may not be fully realized or may take longer to realize than expected and that liabilities that survive the bankruptcy will be greater than we anticipate; the risk that Sempra Energy may be unable to obtain, additional permanent equity financing for the merger on favorable terms; the risk that indebtedness Sempra Energy incurs in connection with the merger may make it more difficult for Sempra Energy to repay or refinance its debt or take other actions, which may decrease business flexibility and increase borrowing costs; the diversion of management time and attention to merger-related issues; and related costs, whether or not the merger is completed, as well as disruptions to our business; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy

Four Days Remain to Take Advantage of SoCalGas Smart Thermostat Program Offer of Up to $75 in Incentives

LOS ANGELES, Feb. 26, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today reminded customers only four days remain to register for this winter's Smart Thermostat Program, which closes this Thursday, March 1. The program gives customers up to $75 in incentives to register an ecobee or Nest smart thermostat to conserve natural gas for home heating this winter. Smart thermostats give users the ability to remotely control their home's temperature via a smartphone, tablet or desktop computer; some are even controllable with virtual assistants like Amazon's Alexa and Google Home. "Smart thermostats are a great way to save money on natural gas bills, especially during the colder weather we're having now," said Dan Rendler, director of customer programs and assistance at SoCalGas. "The energy cost savings, combined with our Smart Thermostat Program incentives, plus $50 in rebates, make this a great time to buy one of these thermostats." Customers participating in the Smart Thermostat Program agree to allow minor adjustments to be made to their thermostat temperature settings for a few hours on days when SoCalGas calls a Natural Gas Conservation event. These events help lower the risk of possible natural gas shortages when demand is at its highest. Participants are notified at least two hours before any adjustments are made via their smart thermostat, web portal, mobile app and/or email. Owners of ecobee or Nest-registered devices with natural gas-heated homes in SoCalGas' service territory are eligible to participate in the Smart Thermostat Program, with the exception of those enrolled in Southern California Edison's (SCE) Save Power Days summertime electric demand response program. SoCalGas and SCE are working on a process that will allow dual-enrollment across both programs by next winter. SoCalGas customers who enroll in the program will receive $50 for signing up by March 1 and another $25 for staying enrolled through the duration of the program, which concludes on April 1. These incentives can combine with a $50 purchase rebate on a smart thermostat for a total of $125 in savings for customers who take advantage of all three. Customers who participated in the SoCalGas Advisory Thermostat Program with ecobee devices last year will receive $25 for their full participation in the Smart Thermostat Program this year. In Southern California, more than 90 percent of residents use natural gas to heat their home and hot water. According to the American Gas Association, households that use natural gas for water and home heating, cooking and clothes drying save an average of $874 per year compared to homes using electricity for those applications. SoCalGas is a leader in energy conservation, helping to keep natural gas bills affordable for customers and protecting the environment. Since 1990, the company's energy efficiency and rebate programs have helped families and businesses save approximately $672 million on their natural gas bills and reduced emissions equal to taking almost 700,000 cars off the road. More information about smart thermostat rebates is available here. For information about the Smart Thermostat Program, click here. To enroll in the program with an ecobee device, click here, and to enroll with a Nest device, click here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

Sempra Energy Declares Dividends and Raises Annualized Common Stock Dividend by 9 Percent

SAN DIEGO, Feb. 22, 2018 /PRNewswire/ -- Sempra Energy (NYSE:SRE) today announced that its board of directors has approved an approximate 9-percent increase in the dividend on shares of the company's common stock to $3.58 per share, on an annualized basis, from $3.29 per share. This is the eighth consecutive year that Sempra Energy has increased its common stock dividend, which has grown more than 40 percent since 2013. The first quarterly installment of the new common stock dividend, $0.8950 per share, is payable April 15, 2018, to common stock shareholders of record as of March 23, 2018. The board of directors also declared a quarterly dividend of $1.60 per share on the company's recently issued 6-percent Mandatory Convertible Preferred Stock, Series A. The dividend will be payable April 15, 2018, to preferred stock shareholders of record as of April 1, 2018. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability; increasing prevalence of wildfires in California and risk that we may be found liable for damages regardless of fault, such as in cases where the doctrine of inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the risk that rulings by the CPUC such as denying recovery for wildfire damages may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate any adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; and other uncertainties, some of which may be difficult to predict and are beyond our control. Forward-looking statements also include, statements about the anticipated benefits of the proposed merger involving Sempra Energy, EFH, and EFH's 80.03 percent indirect interest in Oncor, including future financial or operating results of Sempra Energy or Oncor, Sempra Energy's, EFH's or Oncor's plans, objectives, expectations or intentions, the anticipated impact of the merger, if consummated, on the credit ratings of Sempra Energy or Oncor, the expected timing of completion of the merger, plans regarding future capital investments by Sempra Energy or Oncor, future return on equity or capital structure of Sempra Energy or Oncor, and other statements that are not historical facts. Additional factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the risk that Sempra Energy, EFH or Oncor may be unable to satisfy all closing conditions including obtaining bankruptcy court and governmental and regulatory approvals required for the merger, or that required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the merger or be onerous to Sempra Energy; the risk that the merger may not be completed for other reasons, or may not be completed on the terms or timing currently contemplated; the risk that the anticipated benefits from the merger may not be fully realized or may take longer to realize than expected and that liabilities that survive the bankruptcy will be greater than we anticipate; the risk that Sempra Energy may be unable to obtain, additional permanent equity financing for the merger on favorable terms; the risk that indebtedness Sempra Energy incurs in connection with the merger may make it more difficult for Sempra Energy to repay or refinance its debt or take other actions, which may decrease business flexibility and increase borrowing costs; the diversion of management time and attention to merger-related issues; and related costs, whether or not the merger is completed, as well as disruptions to our business; and the risk that Oncor will eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its new regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same as the California Utilities, SDG&E or Southern California Gas Company (SoCalGas), and are not regulated by the California Public Utilities Commission. [SRE-F] SOURCE Sempra Energy

As Cold Temperatures Continue, SoCalGas Provides Customers Tips to Save on Home Heating and Hot Water Costs

LOS ANGELES, Feb. 22, 2018 /PRNewswire/ --With below-average temperatures expected to continue into next week, Southern California Gas Co. (SoCalGas) today offered its customers tips and tools to save money on home heating and hot water costs during cold weather. According to the National Weather Service, temperatures in Southern California will remain 12 to 18 degrees below normal for at least another eight days. During cold weather events, natural gas use for home heating and hot water increases. SoCalGas customers can help manage their energy costs by: Setting your thermostat to 68 degrees when you are home and even lower when you are not home. Lowering your thermostat three to five degrees can save up to 10 percent on heating costs. Washing clothes in cold water to save up to 10 percent on water heating costs. Turning down the temperature on your water heater and taking shorter showers to reduce your natural gas use. Registering for My Account online. Set up an online account at socalgas.com/myaccount to create customized energy savings plan for your household, understand energy usage and charges, and to learn about the effects of weather on energy use. Signing up for Bill Tracker Alerts. This free tool – sent via email or text message – can help customers use less natural gas and lower their bills by tracking gas use each week. Customers can sign up for Bill Tracker Alerts by logging into their My Account and clicking on the "Manage My Account" tab. Learn more at socalgas.com/save-money-and-energy/advanced-meter/bill-tracker-alerts. Taking advantage of rebates and incentives on energy-efficient products. Customers can save money by visiting socalgas.com/save-money-and-energy/rebates-and-incentives to see which ENERGY STAR® certified appliance and energy-efficient natural gas rebates are currently available, and also find and compare energy efficient products in the SoCalGas Marketplace. Since 1990, SoCalGas' energy efficiency and rebate programs have helped families and businesses save approximately $672 million on their natural gas bills. More than 90 percent of households in Southern California rely on natural gas for space heating and hot water, and prefer it by a ratio of 4 to 1 over electricity for those uses. Today, SoCalGas has the second-lowest average bill among the 50 largest natural gas utilities in America, and natural gas continues to rank among the most affordable sources of energy. According to the American Gas Association, households that use natural gas for water and space heating, and cooking and clothes drying, save an average of $874 per year compared to homes using electricity for those applications. To learn more about SoCalGas energy savings programs, visit socalgas.com/save-money-and-energy. About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas), and Facebook. SOURCE Southern California Gas Company

Sempra Energy To Report Fourth-Quarter 2017 Earnings Feb. 27

SAN DIEGO, Feb. 16, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to release its fourth-quarter 2017 earnings at 7 a.m. EST, Feb. 27. Sempra Energy executives will conduct a conference call at 12 p.m. EST, Feb. 27. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link. Prior to the conference call, a slide presentation detailing the earnings results also will be posted at 7 a.m. EST, Feb. 27, on Sempra Energy's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion on the company's website, or by dialing (888) 203-1112 and entering passcode 7936770. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies' more than 16,000 employees serve approximately 32 million consumers worldwide. SOURCE Sempra Energy

SoCalGas and Sempra Energy Commit $60,000 to Santa Barbara Organizations Supporting Those Affected by the Thomas Fire and Montecito Mudslides

LOS ANGELES, Feb. 14, 2018 – Southern California Gas Co. (SoCalGas) and Sempra Energy today pledged $60,000 to six Greater Santa Barbara-based nonprofits that have provided disaster relief and support services to the communities affected by the Thomas Fire and Montecito mudslides. In the aftermath of the recent mudslides in Montecito, dozens of SoCalGas crews worked alongside first responders supporting public safety and restoring heat and hot water to thousands of households. Donations were pledged to: American Red Cross of Central California Montecito Now Music Academy of the West Santa Barbara County Animal Care Foundation Santa Barbara Firefighters Alliance Santa Barbara Rescue Mission “SoCalGas crews were on the ground working alongside first responders since the first hours of this disaster, and we want to do our part to continue supporting the rebuilding efforts,” said Trisha Muse, director of community relations at SoCalGas. “The Thomas Fire created so many first experiences for our community – a first beast of a fire that burned for so long and with such intensity, a first for the mudflows that took the lives of loved ones and friends and a first for the inexplicable destruction of homes and property,” said Paul Cashman, President of the Santa Barbara Firefighters Alliance. “SoCalGas and Sempra Energy have always demonstrated their commitment to our community during a crisis, and their donation will be directly earmarked for the purchase of technical equipment for our local firefighters and first responders.” “We are only able to provide the lifeline services in our community because individuals and organizations see to it that there is a place in Santa Barbara where those struggling with homelessness and addiction can turn 365 days a year,” said Rolf Geyling, President of the Santa Barbara Rescue Mission. “We are so grateful to SoCalGas and Sempra Energy for their commitment to our community.” “We were able to offer SoCalGas a location for their staging operations during natural gas service restoration efforts,” said Scott Reed, President and CEO of the Music Academy of the West. “Helping our neighbors get their heat and hot water back on as quickly as possible after the disaster was important to us, and we were pleased to work with SoCalGas to make that happen.” About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region’s clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 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. # # #

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