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Displaying results 886 - 900 of 1201
Sempra Energy To Commence Formal Process To Sell Businesses In Peru And Chile
SAN DIEGO, Feb. 25, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that, in support of the company's North American strategy, it will launch a formal process in March for the previously announced sale of its equity interests in its South American businesses, including its 83.6-percent stake in Luz del Sur S.A.A. in Peru and 100-percent stake in Chilquinta Energía S.A. in Chile. "Our businesses in Peru and Chile are considered some of the most admired and desirable companies in the region," said Trevor I. Mihalik, executive vice president and chief financial officer of Sempra Energy. "We expect this to be a highly competitive process with strong interest from both strategic and financial investors." Bank of America Merrill Lynch (BAML) and Lazard will act as financial advisors to Sempra Energy in connection with the planned sale, and White & Case will act as legal advisor. Following today's announcement, any interested parties who would like more information should contact BAML or Lazard. The planned sale also includes Sempra Energy's interests in two energy-services companies, Tecnored and Tecsur, which provide electric construction and infrastructure services to Chilquinta Energía and Luz del Sur, respectively. Sempra Energy expects the sale process to be completed by the end of 2019. Luz del Sur serves more than 4.9 million consumers in the southern region of Lima, Peru, and is the largest electric company in that country. Luz del Sur also is active in the development and operation of hydroelectric projects, including its Santa Teresa hydroelectric plant in central Peru. Chilquinta Energía is the third-largest distributor of electricity in Chile. The utility provides electricity to more than 2 million consumers in the cities of Valparaiso and Viña del Mar in central Chile, and also is active in the development and operation of electric transmission lines. Sempra Energy, a San Diego-based energy infrastructure company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 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 when we discuss our guidance, strategy, plans, goals, vision, 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. Such forward-looking statements include, but are not limited to, statements about the timing of the anticipated transactions contemplated by the planned sale of our equity interests in our South American businesses, and any of our post-sale plans and intentions, and other statements that are not historical facts. The following important factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the risk that we will be unable to enter into definitive agreements and consummate the planned sale; the risk that we are unable to consummate the planned sale within the anticipated timeline; the risk that the proceeds from the planned sale may be lower than expected; disruption from the planned sale making it more difficult to maintain relationships with customers, employees or suppliers; and the diversion of management time and attention to issues related to the planned sale. 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: 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 Department of Conservation's 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, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the timing and success of business development efforts, major acquisitions such as our interest in Oncor, and construction projects, including risks in (i) timely obtaining or maintaining permits and other authorizations, (ii) completing construction projects on schedule and on budget, (iii) obtaining the consent and participation of partners and counterparties and their ability to fulfill contractual commitments, and (iv) not realizing anticipated benefits; 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; denial of approvals of proposed settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; 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 where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; 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 harmful materials, 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 affordable insurance; 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; our ability to successfully execute our plan to divest certain non-utility assets within the anticipated timeframe, if at all, or that such plan may not yield the anticipated benefits; actions of activist shareholders, which could impact the market price of our equity and debt securities and disrupt our operations as a result of, among other things, requiring significant time and attention by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit and the liquidity of our investments; and volatility in inflation, interest and currency exchange rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate 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 and our ability to borrow at favorable interest rates; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs 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'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 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; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory capital requirements and commitments, or the determination by Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; 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 North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Sempra Energy Raises Annualized Common Stock Dividend For 9th Consecutive Year, Declares Dividends
SAN DIEGO, Feb. 22, 2019 /PRNewswire/ -- Sempra Energy (NYSE:SRE) today announced that on Feb. 21, 2019, its board of directors approved an 8.1-percent increase in the dividend on shares of the company's common stock to $3.87 per share, on an annualized basis, from $3.58 per share. This is the ninth consecutive year that Sempra Energy has increased its common stock dividend, which has grown more than 47 percent since 2014. The first quarterly installment of the new common stock dividend, $0.9675 per share, is payable April 15, 2019, to common stock shareholders of record as of March 22, 2019. Sempra Energy's board of directors also declared a quarterly dividend of $1.50 per share on the company's 6-percent Mandatory Convertible Preferred Stock, Series A. Additionally, the board of directors declared a quarterly dividend of $1.6875 per share on the company's 6.75-percent Mandatory Convertible Preferred Stock, Series B. The preferred stock dividends will be payable April 15, 2019, to preferred stock shareholders of record as of April 1, 2019. Sempra Energy, a San Diego-based energy infrastructure company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 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 when we discuss our guidance, strategy, plans, goals, vision, 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 Department of Conservation's 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, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the timing and success of business development efforts, major acquisitions such as our interest in Oncor, and construction projects, including risks in (i) timely obtaining or maintaining permits and other authorizations, (ii) completing construction projects on schedule and on budget, (iii) obtaining the consent and participation of partners and counterparties and their ability to fulfill contractual commitments, and (iv) not realizing anticipated benefits; 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; denial of approvals of proposed settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; 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 where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; 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 harmful materials, 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 affordable insurance; 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; our ability to successfully execute our plan to divest certain non-utility assets within the anticipated timeframe, if at all, or that such plan may not yield the anticipated benefits; actions of activist shareholders, which could impact the market price of our equity and debt securities and disrupt our operations as a result of, among other things, requiring significant time and attention by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit and the liquidity of our investments; and volatility in inflation, interest and currency exchange rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate 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 and our ability to borrow at favorable interest rates; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs 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'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 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; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory capital requirements and commitments, or the determination by Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; 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 North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Renewable Natural Gas Now Flowing into SoCalGas Pipelines from Calgren Dairy Digester Pipeline Cluster
LOS ANGELES, Feb. 14, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and biogas producer Calgren Dairy Fuels (Calgren) today announced that renewable natural gas produced at Calgren's dairy digester facility in Pixley, California is being injected into SoCalGas pipelines. The project marks the first time that carbon-negative renewable natural gas produced from cow manure has been injected directly into SoCalGas' natural gas system. In August 2018, SoCalGas began receiving renewable natural gas into its system from CR&R, Inc.'s anaerobic digestion facility in Perris, California. The renewable natural gas from that digestion facility is already being used to fuel about 400 waste hauling trucks. Renewable natural gas is a carbon-negative fuel produced from waste and agriculture that can be used in trucks and buses, to generate electricity, fuel heating systems in homes and businesses, and for cooking. "Developing renewable natural gas is a smart and cost-effective solution to reducing greenhouse gas emissions from the transportation and building sectors," said Sharon Tomkins SoCalGas vice president for customer solutions and strategy. "Replacing just 16 to 20 percent of our traditional natural gas with renewable natural gas would reduce emissions equal to electrifying 100 percent of buildings in the state, but it would be two to three times more cost-effective. Moreover, the renewable natural gas solution does not require expensive appliance changeouts or costly new mandates." "We are proud of what we have accomplished here," said Lyle Schlyer, Calgren's President. "The benefits of this partnership between dairy farmers, private industry and SoCalGas are numerous. We produce clean renewable natural gas for use as a carbon-negative fuel which benefits the local community through cleaner air and jobs." "Renewable natural gas options have presented themselves as an incredibly viable way of achieving our environmental sustainability goals," said Assemblymember Devon J. Mathis. " Tulare County is the dairy capital of the world, and it's wonderful to see a logical blend of agriculture and technology in a way which benefits everyone. The potential for these technologies is outstanding and deserves to be further developed and funded." "The biogas project brought to Tulare County by Calgren will be a welcomed economic benefit to Tulare County communities," said Pete Vander Poel, Vice Chair of the Tulare County Board of Supervisors. "This new energy sector will not only reduce greenhouse gases and improve air quality, it will provide real job opportunities for County residents and economic growth." Calgren's facility, known as a dairy digester pipeline cluster, will collect biogas from anaerobic digesters at 12 Tulare County dairies then clean it to produce pipeline-quality renewable natural gas. This is the first such dairy digester pipeline cluster in California and is expected to be the largest dairy biogas operation in the U.S. when Calgren adds 9 additional dairies later this year. The facility will capture the methane produced from the manure of more than 75,000 cows, preventing about 130,000 tons of greenhouse gas from entering the atmosphere each year, the equivalent of taking more than 25,000 passenger cars off the road for a year. SoCalGas will be capable of adding up to 2.26 billion cubic feet of renewable natural gas each year to its pipeline system from the facility, enough to fuel more than 1,200 Class 8 heavy duty trucks. Renewable natural gas can be produced from dairy manure, food waste, landfills, and wastewater treatment plants and other sources. Capturing this otherwise wasted gas and turning it into a renewable fuel significantly reduces greenhouse gas emissions from these waste sources. Research shows that California can achieve the same greenhouse gas emissions reductions as electrifying 100 percent of the state's buildings by displacing 16 to 20 percent of traditional natural gas with renewable natural gas sourced from dairies, landfills and wastewater treatment plants. This scenario is two to three times more cost-effective than mandated electrification and does not require expensive appliance change outs or impose limitations on the forms of energy Californians can choose. A renewable natural gas solution to reducing emissions from the transportation and building sectors is also consistent with the mandate under Senate Bill 1383 to reduce short-lived climate pollutants, 80 percent of which comes from waste streams, dairies and agriculture. Today, there are already 24 California dairy methane capture projects either operating or in development, and experts estimate there could be as many as 120 projects funded and operating in next five years. In addition, as the state seeks to divert organic waste from landfills and capture emissions from wastewater treatment plants, more and more renewable natural gas will become available. The Calgren project and others like it are partly funded under California's Dairy Digester Research and Development Program, which aims to reduce greenhouse gas emissions from manure generated at state dairy farms. Calgren's preference is to provide renewable fuel for existing CNG refuelers in California via SoCalGas' pipeline system. However, the Calgren facility is also able to use the renewable gas to indirectly produce a high-octane gasoline additive or in a new biodiesel plant that will come online midyear. Another source of renewable energy for California As California policymakers have sought to expand the production and use of renewable energy, SoCalGas has been working to increase the amount of renewable natural gas produced in California and delivered to its customers. Renewable natural gas can be produced from waste at landfills, wastewater treatment plants, food processing and dairies. Consumer preference polls support the increased production and use of renewable natural gas. Research shows nine out of 10 California families use natural gas in their homes and prefer it by a margin of 4 to 1 over electricity. In addition, strong majorities of consumers—nearly 80 percent—prefer to use natural gas for cooking in their homes, and nearly two-thirds of consumers believe gas is their most affordable energy choice. According to the American Gas Association (AGA), households that use natural gas for water and space heating, cooking and clothes drying save an average of $874 per year compared to homes using electricity for those applications. In addition, renewable natural gas is available day and night to complement other renewable energy sources like solar and wind, making the entire energy system cleaner and more reliable Renewable natural gas has already begun to clean the air and reduce greenhouse gas emissions in California's transportation sector, which accounts for more than 80 percent of smog forming emissions and about 40 percent of greenhouse gas emissions in the state. The latest generation of natural gas engines for heavy duty vehicles can reduce smog-forming emissions by more than 90 percent. When fueled with renewable natural gas, they can reduce greenhouse gas emissions by 80 percent or more. Already, more than 60 percent of natural gas trucks in California are fueled by renewable gas delivered by SoCalGas pipelines. For more information on renewable natural gas, go to: socalgas.com/smart-energy 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. About Calgren Dairy Fuels, LLC With its affiliates, Calgren has been producing renewable fuels in California's Central Valley since 2008. The carbon intensity of its fuel ethanol is among the lowest available. As a result of its pipeline dairy digester project, Calgren will be able to add renewable compressed natural gas to its slate of products. The company is also constructing a facility to produce biodiesel from waste feed stocks without the use of chemical catalysts. SOURCE Southern California Gas Company
SoCalGas Declares Preferred Dividends
LOS ANGELES, Feb. 13, 2019 /PRNewswire/ -- The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on April 15, 2019, to shareholders of record on March 10, 2019. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also 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 is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy To Report 2018 Year-End Earnings Feb. 26
SAN DIEGO, Feb. 13, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to release its fourth-quarter and year-end 2018 earnings at 7 a.m. ET, Feb. 26. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Feb. 26. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, and 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. ET, Feb. 26, on Sempra Energy's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 2787825 or it can be accessed on the company's website. Sempra Energy, a San Diego-based energy infrastructure company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. SOURCE Sempra Energy
Sempra Energy To Sell US Wind Assets To American Electric Power
SAN DIEGO, Feb. 12, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has entered into an agreement to complete the sale of its U.S. renewables business by selling its remaining wind operating and development assets to American Electric Power (AEP) for $551 million in cash, subject to closing adjustments and working capital. "The agreement to sell our U.S. wind assets along with the previously announced sales of our U.S. solar and natural gas storage assets are expected to generate approximately $2.5 billion in cash proceeds to support our growth plan as we strive to become North America's premier energy infrastructure company," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "The timing of these asset sales is important as we look to redeploy new capital into important growth at our U.S. utilities where we are improving the safety and reliability of electric and gas service." The agreement to sell the remainder of Sempra Renewables, a subsidiary of Sempra Energy, includes the Black Oak Getty Wind project in Minnesota and the Apple Blossom Wind project in Michigan, as well as its interests in the following projects jointly owned with BP Wind Energy: Auwahi Wind in Hawaii (wind and battery storage), Flat Ridge 2 Wind in Kansas, Mehoopany Wind in Pennsylvania, Cedar Creek 2 Wind in Colorado, and Fowler Ridge 2 Wind in Indiana. AEP also will acquire all of the Sempra Renewables wind projects currently in development. The sale to AEP comprises approximately 724 megawatts of capacity in Sempra Energy's non-utility U.S. renewables portfolio. The sale is expected to be completed in the second quarter of 2019. The sale is subject to customary closing conditions and consents, including Federal Energy Regulatory Commission and Hart-Scott-Rodino Antitrust Improvements Act approvals. Credit Suisse and J.P. Morgan are serving as Sempra Energy's lead financial advisors on the sale and Latham & Watkins LLP is serving as its legal advisor. American Electric Power is one of the nation's largest investor-owned energy-delivery companies, with approximately $16 billion in annual revenues and $69 billion in assets. Sempra Energy, a San Diego-based energy infrastructure company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 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 when we discuss our guidance, strategy, plans, goals, vision, 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 Department of Conservation's 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, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the timing and success of business development efforts, major acquisitions such as our interest in Oncor, and construction projects, including risks in (i) timely obtaining or maintaining permits and other authorizations, (ii) completing construction projects on schedule and on budget, (iii) obtaining the consent and participation of partners and counterparties and their ability to fulfill contractual commitments, and (iv) not realizing anticipated benefits; 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; denial of approvals of proposed settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; 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 where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; 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 harmful materials, 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 affordable insurance; 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; our ability to successfully execute our plan to divest certain non-utility assets within the anticipated timeframe, if at all, or that such plan may not yield the anticipated benefits; actions of activist shareholders, which could impact the market price of our equity and debt securities and disrupt our operations as a result of, among other things, requiring significant time and attention by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit and the liquidity of our investments; and volatility in inflation, interest and currency exchange rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate 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 and our ability to borrow at favorable interest rates; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs 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'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 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; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory capital requirements and commitments, or the determination by Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; 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 North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. Media Contact: Amber Albrecht Sempra Energy 877-340-8875 www.sempra.com Financial Contact: Patrick Billings Sempra Energy 877-736-7727 investor@sempra.com SOURCE Sempra Energy
SoCalGas Unveils "Natural Gas is Clean, Renewable and Affordable" Display at World Agricultural Expo in Tulare
LOS ANGELES, Feb. 11, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the utility will participate in the World Agricultural Expo in Tulare, Calif. The theme for this year's SoCalGas display is "Clean, Renewable and Affordable" and will highlight the important role natural gas plays in California's clean energy future. Visitors to the SoCalGas exhibit booth will learn about the benefits of natural gas by taking the "SoCalGas Challenge" – a series of five stations each highlighting the value of natural gas. The stations include information on residential energy efficiency programs, business energy efficiency programs, customer assistance programs, natural gas vehicles and renewable energy. "Our display at the World Agricultural Expo is a way for SoCalGas to show how natural gas can help the state achieve its climate goals in a way that is affordable for all Californians," said Sharon Tomkins, vice president of customer solutions and strategy at SoCalGas. "The San Joaquin Valley's agricultural and dairy industries, which can produce renewable fuels, uniquely positions the region to play a large role in attaining those goals." Each attendee who participates in the "SoCalGas Challenge" by collecting stamps from each station will have the opportunity to spin the SoCalGas prize wheel. This year, SoCalGas is giving away smart thermostats, low-flow showerheads, leather work gloves and other items. SoCalGas' 30-foot "Giant Shovel" will return to the Expo once again this year to bring attention to SoCalGas' safety initiatives and programs. A near-zero 12-liter heavy-duty natural gas truck will also be part of the SoCalGas display. The SoCalGas exhibit will be located at H and Median Streets in the northwest section of the International Agri-Center. Visitors to the SoCalGas exhibit will: learn about the more than 90 energy efficiency programs SoCalGas offers sign up for the CARE program and the Energy Savings Assistance Program find out how heavy-duty near-zero natural gas trucks can help clean the air along California's transportation corridors learn about projects at California dairies that will produce renewable natural gas and other renewable energy projects SoCalGas is a leader in the research and development of new technologies that increase energy efficiency, reduce air pollution and greenhouse gas emissions and keep bills affordable for customers. Last year, SoCalGas awarded more than $5.7 million in rebates to residential customers and more than $7.2 million in rebates to business customers. In the last five years alone, SoCalGas energy efficiency programs have saved more than 146 million therms, enough to power 326,000 households a year. These programs also generated nearly $862 million in avoided energy costs, including $161 million in annual customer bill savings during that same 5-year period. SoCalGas is committed to helping California achieve its climate goals, which is why the utility is working to get more renewable natural gas (RNG) flowing into its pipeline system. RNG can be used anywhere conventional natural gas is used – to heat your homes, cook your food or as a transportation fuel. Currently, SoCalGas is investing more than $150 million in four dairy RNG pilot projects in the San Joaquin Valley. It is anticipated that 45 California dairies will be producing RNG for injection into utility pipelines in the next few years. This is important because research by the University of California, Davis suggests more than 20 percent of California's current residential natural gas use can be provided by RNG made from the state's existing organic waste. RNG is one of many clean and renewable tools available as the state looks for climate solutions. The SoCalGas exhibit will also provide information on other available technologies, such as power-to-gas, which converts excess electricity into hydrogen or renewable methane that can be stored in natural gas pipelines and used as needed. Research also shows that renewable natural gas is a cost-effective solution to reducing emissions in buildings. A recent study showed that California can achieve the same greenhouse gas emissions reductions as electrifying 100 percent of the state's buildings by displacing 16 to 20 percent of traditional natural gas with renewable natural gas sourced from dairies, landfills and wastewater treatment plants. This scenario is two to three times more cost-effective than mandated electrification and does not require expensive appliance change outs or impose limitations on the forms of energy Californians can choose. A renewable natural gas solution to reducing emissions from the transportation and building sectors is also consistent with the mandate under Senate Bill 1383 to reduce short-lived climate pollutants, 80 percent of which comes from waste streams, dairies and agriculture. Today, there are already 24 California dairy methane capture projects either operating or in development, and experts estimate there could be as many as 120 projects funded and operating in next five years. In addition, as the state seeks to divert organic waste from landfills and capture emissions from wastewater treatment plants, more and more renewable natural gas will become available. World Agricultural Expo attendees will also have the opportunity to learn about heavy duty near-zero natural gas vehicles and how they can reduce smog-forming NOx emissions by 90 percent. When these vehicles are fueled by RNG, they can also cut greenhouse gas emissions by at least 80 percent. Representatives will be available during the Expo to explain the benefits of natural gas vehicles and discuss the SoCalGas Truck Loan Program which allows qualified fleet owners to "try before you buy" a 12-liter heavy-duty natural gas truck for up to two weeks. Company representatives at the SoCalGas exhibit will also encourage visitors to sign up for its assistance programs like California Alternate Rates for Energy (CARE), which saves eligible customers 20 percent on their natural gas bills, and the Energy Savings Assistance Program, which offers qualifying customers energy-saving home improvements like insulation, weather stripping, caulking, and low-flow shower heads at no charge. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also 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 is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company
Sempra Energy Completes Sale Of U.S. Natural Gas Storage Assets To ArcLight Capital Partners
SAN DIEGO, Feb. 7, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it has completed the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners (ArcLight) for $328 million in cash, subject to customary post-closing adjustments. ArcLight's affiliate Enstor Gas will operate the facilities going forward. "With the sale of these assets, we can reallocate capital toward growing our core electric and natural gas infrastructure businesses," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "We are focused on expanding our leadership position in the most attractive markets as we strive to become North America's premier energy infrastructure company." The non-utility natural gas storage assets included in the sale are the Mississippi Hub storage facility in Simpson County, Miss., with a working capacity of 22.3 billion cubic feet (Bcf) of natural gas, and the Bay Gas storage facility in Southwest Alabama, which comprises five underground caverns with a working capacity of 20.4 Bcf of natural gas. The sale included Sempra Energy's approximate 91-percent stake in Bay Gas. Immediately prior to the sale, Sempra Energy's subsidiary acquired the approximate 9-percent interest from a minority owner and included it in the sale to ArcLight. ArcLight owns now 100 percent of Mississippi Hub and Bay Gas. Sempra Energy's financial advisor for this transaction is Wells Fargo Securities, LLC, and its legal advisor is Jones Day. ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, the firm helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. ArcLight has invested approximately $21 billion in over 100 transactions since inception. Based in Boston, the firm's investment team employs a hands-on value creation strategy that utilizes its in-house technical, operational, and commercial specialists and works closely with the firm's 1,000-person asset management affiliate. Sempra Energy, a San Diego-based electric and natural gas infrastructure company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 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 when we discuss our guidance, strategy, plans, goals, vision, 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 Department of Conservation's 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, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the timing and success of business development efforts, major acquisitions such as our interest in Oncor, and construction projects, including risks in (i) timely obtaining or maintaining permits and other authorizations, (ii) completing construction projects on schedule and on budget, (iii) obtaining the consent and participation of partners and counterparties and their ability to fulfill contractual commitments, and (iv) not realizing anticipated benefits; 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; denial of approvals of proposed settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; 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 where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; 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 harmful materials, 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 affordable insurance; 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; our ability to successfully execute our plan to divest certain non-utility assets within the anticipated timeframe, if at all, or that such plan may not yield the anticipated benefits; actions of activist shareholders, which could impact the market price of our equity and debt securities and disrupt our operations as a result of, among other things, requiring significant time and attention by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit and the liquidity of our investments; and volatility in inflation, interest and currency exchange rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate 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 and our ability to borrow at favorable interest rates; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs 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'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 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; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory capital requirements and commitments, or the determination by Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; 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 North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SDG&E's 2019 Wildfire Mitigation Plan Builds On Past Successes To Further Strengthen Fire Preparedness & Safety
SAN DIEGO, Feb. 6, 2019 /PRNewswire/ -- As conversations about climate change and wildfires continue to be at the forefront of California policy discussions, San Diego Gas & Electric (SDG&E) has developed a comprehensive 2019 Wildfire Mitigation Plan (the Plan), designed to help prevent electric equipment-related fires, improve the resiliency of the regional power grid to withstand extreme weather conditions, and enhance the company's highest priority: keeping customers and the communities it serves safe. The Plan builds upon the wildfire mitigation programs SDG&E has been developing and implementing over the past decade. Submitted to the California Public Utilities Commission on Feb. 6 in accordance with Senate Bill 901, the Plan outlines the ongoing practices and additional improvements the company will undertake beyond the more than $1 billion in investments that SDG&E has made over the past decade to adapt to the effects of the changing climate and threat of year-round wildfires. "Every year, climate change presents new risks and challenges that we must prepare for and adapt to," said Caroline Winn, chief operating officer for SDG&E. "Our engineers, fire science and climate adaption experts are continuing to develop and implement industry-leading wildfire mitigation tactics to help protect our communities. There is no higher priority for us than the safety of our customers." In addition to the actions that SDG&E intends to implement in the Plan, the company recognizes that state policy makers are actively examining additional solutions to proactively help mitigate wildfire risk throughout the state. SDG&E looks forward to hearing the recommendations from the Governor's Blue Ribbon Commission and encourages legislators and policy makers to act with a sense of urgency to continue enabling utilities to strengthen their wildfire mitigation programs for the benefit of all Californians. SDG&E started aggressive efforts to address climate change and enhance power grid resiliency 10 years ago when rising temperatures, prolonged droughts, and severe weather patterns began correlating with the increasing frequency and severity of wildfires. SDG&E's approach to prudently managing the risk of its electrical infrastructure causing a wildfire is three-pronged, focusing on, but not limited to, ongoing efforts in the following areas: 1. Operations and Engineering: build and operate a fire-safety system with the following elements: System Hardening: Fire hardening projects, including upgrading wood poles to fire-resistant steel poles. More than 14,000 poles have been upgraded in the high-risk, fire-prone areas. Aggressive Vegetation Management: An inventory of 463,000 trees located near power lines is evaluated on an annual cycle. Prior to fire season, crews perform multiple annual hazard tree assessments and complete trimming to maintain proper clearance. Aircrane: A firefighting helitanker has been contracted for the 10 th straight year and is available to all fire agencies in San Diego and South Orange counties (365 days a year), with the capacity to drop 2,650 gallons of water. In comparison, that's equivalent to the amount of water carried by five fire engines. 2. Situational Awareness and Weather Technology: detect, monitor and forecast weather conditions and fire behavior by creating and maintaining the following tools and resources: Meteorology and Fire Science Capabilities: A network of 177 weather stations – America's most-granular utility-owned network of its kind – provides readings of wind speed, humidity, and temperature in fire prone areas every 10 minutes. SDG&E's team of five full-time meteorologists created and uses outage prediction and fire science modeling to help field crews pre-stage staffing and resources ahead of extreme weather and fire conditions. Alert SDG&E Cameras: Sixteen high-definition cameras mounted on mountaintops help with fire detection by enabling a live-streaming view of the many fire-prone areas. Wildland Fire Prevention Resources: SDG&E contracts for wildland fire prevention and ignition suppression services to provide fire prevention and ignition mitigation. Additional Industrial Fire Brigades are contracted to be available year-round and are specially trained in fighting fires involving electrical equipment and flammable liquids. 3. Customer Outreach and Education: Collaborating with local agencies to help ensure effective outreach and communications to the public is ongoing regarding preparedness. Regional Collaboration: Working in partnership with a host of regional stakeholders, including elected officials, nonprofit organizations and first responders, SDG&E maintains a multi-level outreach and education strategy to create public awareness of fire threats, fire prevention, and support during a wildfire or a Public Safety Power Shutoff event. Community Resource Centers: Responding to requests from the public, nine stationary Community Resource Centers were established in 2018 and serve as locations where impacted communities can go when circuits are shutoff in their area for extended Public Safety Power Shutoff events. These centers will provide up-to-date information, and basic needs like water, snacks and a place to charge cell phones. To learn more about SDG&E's long-standing commitment to wildfire safety over the years, including its recent Edison Award dedicated to wildfire safety, click here. SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing around 45 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. 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 Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, states, cities and counties, and other regulatory and governmental bodies in the U.S.; the timing and success of business development efforts and construction projects, including risks in timely obtaining or maintaining permits and other authorizations, risks in completing construction projects on schedule and on budget; 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; denial of 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 or regulatory agency approval for projects required to enhance safety and reliability, any of which may raise our cost of capital and materially impair our ability to finance our operations; 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 inverse condemnation doctrine applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power and 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; risks that our 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; and fluctuations in interest 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 adverse impacts; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable rates; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to or replacements of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to 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 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 North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE San Diego Gas & Electric
Sempra Energy's IEnova Unit To Report Fourth-Quarter 2018 Earnings Feb. 20
SAN DIEGO, Feb. 5, 2019 /PRNewswire/ -- Sempra Energy's (NYSE:SRE) Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), plans to release its fourth-quarter 2018 earnings at 6 p.m. ET, Feb. 20, in advance of a conference call with IEnova executives at 11 a.m. ET, Feb. 21. Briefing materials also will be posted by 6 p.m. ET, Feb. 20, on IEnova's website, www.ienova.com.mx. Investors, media, analysts and the public may listen to a live webcast of the conference call on IEnova's website, by clicking on the appropriate audio link. For those unable to obtain access to the live webcast, the teleconference will be available on replay a few hours after its conclusion on the company's website, or by dialing 001-855-859-2056 and entering passcode 2744249#. IEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2017, the company had invested approximately US$7.6 billion in operating assets and projects under construction in Mexico, making it one of the largest private energy companies in the country. IEnova was the first energy infrastructure company to be listed on the Mexican Stock Exchange. Sempra Energy, a San Diego-based electric and natural gas infrastructure company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas "Dial It Down" Alert Remains in Effect Until Further Notice
LOS ANGELES, Feb. 5, 2019 /PRNewswire/ -- Due to cold weather predicted for parts of the SoCalGas service territory, Southern California Gas Co. (SoCalGas) has issued a "Dial It Down" Alert, encouraging Southern Californians to conserve natural gas until further notice. Customers are asked to conserve energy by reducing their natural gas use, specifically in the evenings when natural gas is typically at peak use. During periods of cold weather, local demand for natural gas for home heating, hot water, and cooking can increase rapidly and put a strain on the natural gas system. Dial It Down Alerts are similar to Flex Alerts issued by the California Independent System Operator (CAISO) that call on customers to voluntarily conserve electricity for a specific period of time. Conservation Tips To reduce their natural gas use during the alert period, SoCalGas customers can take simple steps, like setting their thermostat to 68 degrees when home and 55 degrees when not home. Others helpful tips include: Washing clothes with cold water; Taking shorter hot showers; Reducing the temperature on water heaters; Running only full loads of dishes and clothes; Using low-flow shower heads; Keeping windows and doors closed when the heater is on; and Dressing warmer. More information on SoCalGas' Dial It Down Alert energy conservation program can be found at socalgas.com/dialitdown. In addition to the Dial It Down Alerts, SoCalGas has taken several actions to further promote conservation and reduce local demand for natural gas, including activating SoCalGas' Smart Therm demand response program. The Smart Therm Program is a partnership between SoCalGas and participating smart thermostat manufacturers that aims to conserve natural gas during some cold weather events, when local demand for natural gas for home and hot water heating and cooking can increase rapidly and strain the natural gas system. When a Smart Therm Event is called, customers who have enrolled in the Smart Therm Program are sent notifications through their smart thermostat, smart phone app, or over email (depending on the manufacturer), letting them know that their thermostats will be automatically adjusted for four hours from 5 AM to 9 AM or from 6 PM to 10 PM. Customers who enroll in the program agree to allow their smart thermostats to be automatically lowered by as much as four degrees when a Smart Therm Event is called. Program participants are eligible to receive a $50 incentive, plus an additional $25 for staying enrolled through April 1, 2019. Customers who enroll in the program can manually adjust their thermostat at any time. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also 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 is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information, visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company
SoCalGas Issues "Dial It Down" Alert Until Further Notice
LOS ANGELES, Feb. 2, 2019 – Due to colder weather and rain predicted for parts of the SoCalGas service territory, Southern California Gas Co. (SoCalGas) has issued a “Dial It Down” Alert, encouraging Southern Californians to conserve natural gas until further notice. Customers are asked to conserve energy by reducing their natural gas use, specifically in the evenings when natural gas is typically at peak use. During periods of cold weather, local demand for natural gas for home heating, hot water, and cooking can increase rapidly and put a strain on the natural gas system. Dial It Down Alerts are similar to Flex Alerts issued by the California Independent System Operator (CAISO) that call on customers to voluntarily conserve electricity for a specific period of time. Conservation Tips To reduce their natural gas use during the alert period, SoCalGas customers can take simple steps, like setting their thermostat to 68 degrees when home and 55 degrees when not home. Others helpful tips include: Washing clothes with cold water; Taking shorter hot showers; Reducing the temperature on water heaters; Running only full loads of dishes and clothes; Washing clothes with cold water; Using low-flow shower heads; Keeping windows and doors closed when the heater is on; and Dressing warmer. More information on SoCalGas’ Dial It Down Alert energy conservation program can be found at socalgas.com/dialitdown. # # # About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also 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 is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information, visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook .
Sempra Energy's Port Arthur LNG Export Project And Two Natural Gas Pipelines Receive Final Environmental Impact Statement From FERC
SAN DIEGO, Jan. 31, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced it received the Final Environmental Impact Statement (FEIS) from the Federal Energy Regulatory Commission (FERC) to construct the Port Arthur LNG natural gas liquefaction-export project in Jefferson County, Texas, as well as the Texas and Louisiana connector pipeline projects that will deliver natural gas to the new export facility. "Today's positive review of our Port Arthur liquefaction-export project and new pipeline projects by the FERC represents a significant step forward as we remain focused on becoming North America's premier infrastructure company," said Carlos Ruiz Sacristán, president and CEO of Sempra North American Infrastructure Group. "We appreciate the support we've received from regulators and the supporters in Texas and Louisiana. We look forward to delivering a world-class project that will create jobs and support the local economy for decades to come." The proposed Port Arthur LNG project is expected to include two natural gas liquefaction trains capable of processing approximately 11 million tonnes per annum (Mtpa) liquefied natural gas (LNG), up to three LNG storage tanks and associated facilities and new natural gas transmission pipelines in Texas and Louisiana. The FEIS is the final step in the environmental review process before FERC can proceed to issue an order approving the project. Last month, Port Arthur LNG and the Polish Oil & Gas Company signed a definitive 20-year sale-and-purchase agreement for LNG from the Port Arthur LNG as part of Sempra Energy's long-term goal of exporting 45 Mtpa of North American LNG to meet the global demand. The agreement is subject to certain conditions, including Port Arthur LNG making a final investment decision. Last year, Port Arthur LNG selected Bechtel as the engineering, procurement, construction and commissioning contractor for the project, subject to reaching a definitive agreement. In June 2017, Port Arthur signed a Memorandum of Understanding with Korea Gas Corporation for potential participation in the Port Arthur LNG project. Development of the Port Arthur LNG liquefaction facility is contingent upon obtaining additional customer commitments, completing the required commercial agreements, securing all necessary permits, obtaining financing, incentives and other factors, and reaching a final investment decision. Sempra Energy, a San Diego-based electric and natural gas infrastructure company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 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 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 U.S. Department of Energy, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency and Pipeline and Hazardous Materials Safety Administration, 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 timely obtaining or maintaining permits and other authorizations, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the availability of natural gas and liquefied natural gas, and natural gas pipeline and storage capacity; equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; 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 and harmful emissions, 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) or may be disputed by insurers; cybersecurity threats to storage and pipeline infrastructure, the information and systems used to operate our businesses; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs, 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; 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. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra Energy's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof and Sempra Energy or its subsidiaries undertake 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 North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Highlights Payment Options for Federal Employees Affected by Government Shutdown
LOS ANGELES, Jan. 31, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today highlighted payment options and protections for federal employees who have been affected by the recent government shutdown. Customers who are having a hard time paying their natural gas bill may request an extension of their payment due date. SoCalGas does not charge late payment fees to residential customers. Additionally, SoCalGas will not disconnect service to those customers who are furloughed federal employees for a period of 45 days after the end of the government shutdown. Federal employees whose service may have been disconnected will be reconnected without the need to make their balance current and any reconnection fees and deposit requirements will be waived if the customer agrees to a payment plan for the balance on the account. Customers may also be asked to provide proof of federal employment. Customers are encouraged to call 1-877-238-0092 to speak with a representative about their bill. SoCalGas customer service is available 24-hours a day, 7 days a week. "We understand that our customers who were furloughed during the recent government shutdown may be worried about paying their upcoming natural gas bill," said Paul Goldstein, vice president of customer services at SoCalGas. "We want to help ease their concerns and ensure they have the reliable natural gas service they depend on." SoCalGas offers customers programs and tips to save money on their natural gas bill year-round. For example, customers who purchase a smart thermostat can save an additional $75 by applying for a smart thermostat rebate from SoCalGas. More information about smart thermostats and additional rebates may be found at socalgas.com/rebates. The utility also offers energy-saving tips for your home. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also 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 is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information, visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company
SoCalGas Announces Large Increase in Smart Therm Program Enrollment
LOS ANGELES, Jan. 31, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced a dramatic increase in the number of customers enrolled in the utility's Smart Therm program. Approximately 9,100 customers were enrolled in the Smart Therm program on Jan. 4, 2019 and that number now stands at 24,300 as of Jan. 28. Some customers have more than one thermostat in their home, which brings the total number of thermostats enrolled to 28,500. The program is a partnership between SoCalGas and participating smart thermostat manufacturers that aims to conserve natural gas during cold weather events, when local demand for natural gas for heating homes and hot water and cooking can increase rapidly. Customers who enroll in the program agree to allow their smart thermostats to be automatically adjusted by up to four degrees when a Smart Therm event is called. Program participants are eligible to receive a $50 incentive, plus an additional $25 for staying enrolled through April 1, 2019. "The Smart Therm Program is still in its infancy, so seeing enrollment more than double in such a short period of time is a strong indicator of the interest in energy savings programs," said Dan Rendler, director of customer programs and assistance for SoCalGas. "Smart thermostats help manage demand during peak usage and they also support cost-savings for customers year-round." Participants are sent notifications through their smart thermostat, smart phone app, or via email when a Smart Therm event is called. These notifications inform the customer that their enrolled thermostats will be automatically adjusted for four hours from 5 a.m. to 9 a.m. or from 6 p.m. to 10 p.m. A Smart Therm event can only be called once a day, weekdays. Smart Therm events are not called on federal holidays. Customers who enroll in the program can manually adjust their thermostat at any time. Customers who purchase a smart thermostat can save an additional $75 by applying for a smart thermostat rebate from SoCalGas. The rebate covers models from Nest, ecobee, and Honeywell. More information may be found here. SoCalGas is a leader in the research and development of new technologies that increase energy efficiency, reduce air pollution and greenhouse gas emissions and keep bills affordable for customers. In the last five years alone, SoCalGas energy efficiency programs have saved more than 146 million therms, enough to power 326,000 households a year. In addition to conserving energy, SoCalGas energy efficiency programs have helped customers save money on their energy costs. In the same five-year period, energy efficiency programs have generated nearly $862 million in avoided energy costs, including $161 million in annual customer bill savings. SoCalGas also suggests these additional tips to reduce natural gas use during cold weather to help keep energy costs affordable: Lower your furnace thermostat by three to five degrees, if health permits, to save up to 10 percent on heating costs; Clean or replace your furnace filters according to manufacturer recommendations; Have your air ducts tested for leaks. Leaky ducts can cost you between 10 to 30 percent in heating and cooling costs; Reduce the temperature on your water heater; Wash clothes in cold water; More energy savings tips for the colder winter months are available here. About SoCalGas Headquartered in Los Angeles, SoCalGas ® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also 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 is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information, visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company

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*As of December 31, 2025. Numbers may be approximate.

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