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Displaying results 481 - 495 of 1204
SoCalGas Among First Utilities in the Nation to Transition its Over-the-Road Fleet with Hydrogen Fuel Cell Electric Vehicles
LOS ANGELES, Jan. 20, 2022 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced that it took delivery of 23 Toyota Mirai hydrogen fuel cell electric vehicles (HFCEV), marking the company's first purchase of hydrogen-powered vehicles. The company plans to expand its fleet of HFCEVs to 50 next month, making SoCalGas among the first utilities in the nation to start transitioning to hydrogen. These HFCEVs are an important step for SoCalGas in decarbonizing its fleet and supports the company's Net Zero 2045 climate goal, which includes replacing 50% of its over-the-road fleet with clean fuel vehicles by 2025 and operating a 100% zero-emission fleet by 2035. View footage of the Toyota Mirai HFCEVs here. " California companies must work together in the fight against climate change," said State Senator Susan Rubio. "The transportation sector is one of the largest contributors of greenhouse gas emissions in California and these types of efforts will help the state meet its climate goals." "Each vehicle in our light duty over-the-road fleet is driven an average of 10,000 miles per year. The zero-emissions Toyota Mirai HFCEVs have a driving range of 400 miles and since they run on hydrogen the only by-product is water," said Sandra Hrna, vice president of supply chain and operations support at SoCalGas. "Transitioning some of our fleet to HFCEVs will help us reduce emissions, moving SoCalGas closer to our net zero goal and helping California reach carbon neutrality faster." "Longo Toyota is honored to partner with SoCalGas on their strategy to reduce emissions from their vehicle fleet and we are excited to help them with the acquisition of 50 new Toyota Mirai fuel cell electric vehicles," said Doug Eroh, president and general manager at Longo Toyota. "The Toyota Mirai is fueled with hydrogen and makes its own electricity on board while only emitting clean water from its tailpipe. We look forward to working with SoCalGas in the years to come on the acquisition and service of their clean vehicle fleet." The light-duty vehicle industry has started to shift towards zero emissions vehicles, currently dominated by battery EVs (BEVs) and complemented by hydrogen fuel cell electric vehicles. SoCalGas' recently released economy-wide technical analysis reveals that in the light-duty vehicle sector, BEVs and HFCEVs could address different use cases. For vehicles with longer range requirements or higher utilization needs, such as taxis, ride-share fleet, or SoCalGas' own fleet, HFCEVs could be cost competitive in the 2020s. Earlier this year, in partnership with Hyzon Motors, SoCalGas announced plans to deploy its first hydrogen-powered fuel cell electric utility truck. As part of the partnership, Hyzon will deliver a Class 3 commercial service body utility truck to SoCalGas in 2022. The truck is expected to reach a maximum power of 200 kilowatts, with a range of 300 miles and will be built on the existing chassis OEM used by SoCalGas, minimizing the updates needed for operations, servicing, and training. With the addition of the 50 Toyota Mirai HFCEVs, a third of SoCalGas' over-the-road fleet currently operates on clean fuels. The company is on track to achieve its goal of 50% by 2025. Today, SoCalGas is actively engaged in more than 10 pilot projects related to hydrogen, including a partnership with Netherlands-based HyET Hydrogen on technology that could transform hydrogen distribution and enable the rapid expansion of hydrogen fueling stations for HFCEVs like the Toyota Mirai. The technology would allow hydrogen to be easily and affordably transported via the natural gas pipeline system, then extracted and compressed at fueling stations that provide hydrogen for HFCEVs. The transition to hydrogen is a prime example and yet another way SoCalGas is demonstrating its commitment to being the cleanest, safest, and most innovative energy company in the country. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S. in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) the ability to realize anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at the Aliso Canyon natural gas storage facility; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, 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; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; volatility in inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. Some of these risks and uncertainties are further discussed in the reports that Sempra and Bloom Energy have 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, on Sempra's website, www.sempra.com, and Bloom Energy's website, www.bloomenergy.com. Investors should not rely unduly on any forward-looking statements. Neither party undertakes any obligation to revise or publicly update any forward-looking statements unless if and as required by law. SOURCE Southern California Gas Company
SoCalGas Works with Homebuilders to Increase the Energy Efficiency of Over 13,400 New Homes in 2021, Reducing Over $250,000 in Utility Bills
LOS ANGELES, Jan. 12, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced over 13,400 new single-family residential units and multi-family projects have enrolled in the 2021 Energy Efficient New Homes (EENH) Program, which enables homebuilders to construct energy efficient homes at a lower cost and continues to deliver on SoCalGas' commitment to reduce greenhouse gas emissions (GHG). The result is higher levels of efficiency and utility bill savings for future residents. The EENH Program was projected to save approximately 150,000 net therms with over $250,000 in customer bill savings for eventual homeowners, which reduces over 794 metric tons of CO2 emissions in 2021 alone. The program offers rebates to builders of eligible new single-family and multi-family projects. New residential construction projects that exceed California's Title 24 Energy Efficiency Standards and are equipped with qualifying gas appliances and equipment are eligible to apply. "Our portfolio of energy efficiency programs has proven to show results in reducing GHG emissions. Further innovations in our customer offerings will play an increasingly important role in our path to achieving net zero GHG emissions by 2045," said Gillian Wright, senior vice president and chief customer officer at SoCalGas. "Energy efficiency is one of the most cost-effective method for achieving the state's climate goals. In 2020 alone, SoCalGas energy efficiency programs saved over 40 million therms with $44 million saved on customers' utility bills." Through the EENH program, builders can receive energy efficiency rebates on appliances installed in new residential construction projects. Newly constructed stand-alone units and low-rise and high-rise multi-family projects, such as an apartment or duplex, served by SoCalGas may be eligible. Rebates are available for tankless water heaters, furnaces, washers and dryers, and pool heaters, among other equipment. Multi-family residential unit rebates are also available for central water heating boilers, boiler controllers, and demand control recirculating pumps. Additional incentives are also offered to projects which qualify as: U.S. Green Building Council (USGBC) Leadership in Energy & Environmental Design ( LEED) Designations U.S. Environmental Protection Agency (EPA) WaterSense-Labeled Home The EENH program has provided more than $3,900,000 in rebates for efficient appliances in new construction since 2018. In 2020, 25 percent of new single-family residential (SFR) homes within SoCalGas' service territory enrolled in the program and the program is projected to save an estimated 300,000 net therms with over $450 thousand saved in utility bill savings for future homeowners over the next two years. This will reduce emissions by over 1,500 metric tons of carbon dioxide equivalent (CO2e) annually which is equal to removing over 300 vehicles off the road for one year. "The SoCalGas EENH Program has been an important tool our builders have utilized to reduce energy loads and CO2 emissions in the homes they build," said Craig Foster, executive vice president at BIASC. "We applaud SoCalGas and encourage our builder partners to take advantage of the EENH Program's rebates on high-efficiency gas equipment which helps deliver energy efficient homes with lower utility bills." SoCalGas' energy efficiency programs have been serving as an industry leader for more than a decade. In the last five years, SoCalGas' energy efficiency programs have saved customers over $250 million on their natural gas bills and $1 billion in avoided energy costs. The energy savings are equivalent to reducing over 1.2 million metric tons of CO2e. The energy saved is enough to power 145,000 households for one year. SoCalGas is dedicated to building the cleanest, safest, most innovative energy company in America. Energy efficiency serves as one of the many initiatives that supports the company's goal to transition to a decarbonized energy system and is a step towards fulfilling our climate commitment. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Co.
Sempra Infrastructure announces closing of $400 million senior notes
SAN DIEGO, Jan. 11, 2022 /PRNewswire/ -- Sempra Infrastructure, a majority owned subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced today the successful completion of its inaugural offering of $400 million aggregate principal amount of 3.250% senior notes due 2032. "We are very pleased with the results of this inaugural issuance," said Justin Bird, CEO of Sempra Infrastructure. "This key milestone illustrates the strength of our new Sempra Infrastructure platform that integrates key assets of renewable energy, natural gas, and LNG terminals." Sempra Infrastructure intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of certain indebtedness. This offering is expected to bolster Sempra Infrastructure's already-strong balance sheet and increase the company's financial flexibility to continue investing in the energy systems of the future. The senior notes were offered and sold in a private placement to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act"). The senior notes were not registered under the Securities Act or the securities laws of any state or other jurisdictions, and the notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This communication shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Federal de Electricidad, U.S. Federal Energy Regulatory Commission and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments and property disputes; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; the impact of energy and climate goals, policies, legislation and rulemaking, including actions to reduce or eliminate reliance on natural gas generally; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, 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 has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website at www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries are regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure
SoCalGas Announces Partnership with Doosan Mobility Innovation and GTI to Launch Hydrogen Drone Demonstration
LOS ANGELES, Jan. 7, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today joined Doosan Mobility Innovation (DMI) and GTI at the CES Las Vegas summit to announce their partnership in launching DMI's first-of-its-kind hydrogen drone technology. With the support of SoCalGas and GTI, DMI will be demonstrating their DS30 drone system, which offers the best fuel cell powerpack performance with up to 120 minutes of flight time and up to 11 pounds maximum payload. Powered by hydrogen, the DS30 can monitor a 1-mile-long pipeline in a single flight. SoCalGas plans to use the DS30 drone to assist with natural gas pipeline inspections. Drone usage provides unparalleled imagery and aerial mapping services to further improve pipeline system maintenance. The DS30 demonstration will provide close-up digital photography for locations that are difficult or hazardous to access and provide imagery for aerial mapping and three-dimensional topographic models which allows for deeper insight on terrains surrounding the utility's operations. Additionally, the drone system can provide a video record of pipeline routes, construction sites, open trenches, and working conditions. "This hydrogen-powered drone offers an opportunity to more efficiently monitor our pipelines in hard to access areas, allowing us to collect more data to quickly solve potential pipeline integrity issues," said Neil Navin, vice president of clean energy innovations for SoCalGas. "This project is a great demonstration on the versatility of hydrogen and its broad range of applications as a clean fuel of the future. Adopting advanced monitoring hydrogen drone technology to maintain the integrity of our pipeline system is part of our mission to build the cleanest, safest, and most innovative energy company in America." DMI, a market leader of hydrogen fuel cell drones, delivers commercial drone platforms with fuel cell powerpacks to maximize drone performance for inspection operations. The hydrogen-powered fuel cell drones can stay airborne for up to two hours of flight time as fuel cells have approximately 4 to 5 times higher energy density when compared to lithium-ion batteries. On average, fuel cells have a life span of over 1,000 hours and provide real-time monitoring of product status through DMI's remote system. This effort is part of a larger project focusing on advancing hydrogen technologies. GTI and SoCalGas, in close collaboration with several additional project partners, are working on a U.S. Department of Energy project that intends to show renewable hydrogen can be a cost-effective fuel for multiple end-use applications, including drones, when coupled with large baseload consumers that use hydrogen for clean, reliable, stationary power. "GTI is excited to partner with SoCalGas and DMI on this demonstration of hydrogen in the fast-growing application of drones," said Ted Barnes, Director of R&D at GTI. "Our role is to support the integration of hydrogen into new technologies and this partnership allows us to utilize our capabilities while working with leaders in the field." "Our partnership with SoCalGas and GTI means more than just a simple drone project. Our hydrogen-powered DS30 drone is used to inspect SoCalGas' facility and serves as a perfect demonstration of how zero emission drones can be used, especially in a long-distance application such as pipeline inspection," said Doosoon Lee, CEO of DMI. "We continue to discover a true value of 2 hours flying drone system powered by hydrogen for our customers. We hope this partnership can represent one of its greatest value." DMI serves as the pioneer and creator of the world's first commercialized hydrogen fuel cell system for drones and is utilized in various industrial fields including utility inspection, delivery, environmental monitoring, and public safety. This year, DMI won a total of seven awards at CES Las Vegas with two projects involving the DJ25 hydrogen fuel cell drone. SoCalGas' drone operations are managed in compliance with federal, state and local laws and regulations. Last year, SoCalGas established a goal to achieve net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045. The company is the largest North American natural gas distribution utility to set an ambitious net-zero goal that includes scopes 1, 2 and 3 GHG emissions. Read more at socalgas.com/mission. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About Doosan Mobility Innovation Doosan is a company with more than a century of history that has been rapidly transforming itself for continuous growth over time. Doosan is a global leading player in fields such as such as fuel cells, power plants, desalination plants, construction & compact equipment, and construction & engineering. Doosan Mobility Innovation (DMI) is a 100% invested company by Doosan Corporation, and focuses on the mobile applications of fuel cell technology. DMI is heavily investing in UAV applications to enable long-endurance flight, accelerating the growth of the UAV industry. About GTI GTI is a leading research, development, training, and professional services organization at the forefront of clean energy innovation, addressing the urgent challenges of climate change. We are embracing systems thinking and digital solutions to leverage clean gases, liquids, and infrastructure as we accelerate transitions to low-carbon, low-cost energy systems. www.gti.energy SOURCE Southern California Gas Company
Industrial decarbonization and the energy transition
Sempra is committed to helping advance the energy transition and a net-zero future through decarbonizing industrial sectors, one of the largest local, national and global polluters. Decarbonizing these sectors means that grids will need to expand, along with zero-carbon electrons and molecules working in tandem. According to the International Energy Agency, industry — such as manufacturing, refining, steel, chemicals and other heavy polluters — is responsible for consuming 37% of total global energy. This hard-to-abate sector must be prioritized to help meet worldwide goals to mitigate carbon emissions. Sempra is the owner of one of the biggest energy networks in North America, serving some of the largest economies in the world, including California, Texas and Mexico. Our two California utilities — SoCalGas and San Diego Gas & Electric — serve heavy industry and light industry customers and are working to help these customers improve efficiency and emissions while maintaining reliability and resiliency of power supply. Reducing emissions in Los Angeles Los Angeles is one of the largest manufacturing centers in the U.S., according to government data. Major manufacturing sectors include transportation equipment, apparel, fabricated metal products and more. Additionally, over $1 billion worth of goods are transported daily through the ports of Long Beach and Los Angeles, with about 20,000 heavy duty trucks registered to transport containers out of these ports. Through a partnership with the World Economic Forum, Accenture, the National Renewable Energy Laboratory and the Electric Power Research Institute, SoCalGas is helping identify ways to reduce the carbon emissions of Los Angeles’ industrial sector through: Systemic efficiency and circularity Electrification and renewable heat Hydrogen Carbon capture, utilization and storage Natural gas infrastructure offers an opportunity to decarbonize sectors that cannot be easily electrified, especially when we consider the future role hydrogen could play in the California energy mix. Hydrogen may be able to leverage electricity and heat from nearby zero-carbon, renewable sources to produce an alternative fuel for hard-to-electrify industrial processes, building heating and transport. SoCalGas’ system — with 100,000 miles of pipeline across 24,000 square miles — is well-positioned to provide these cleaner molecules to California industry. SoCalGas is pursuing research on multiple fronts to gain information and experience to advance the transition to green hydrogen. Through this work, the Sempra family of companies is helping solve some of the world’s most serious sustainability challenges and helping advance a better future for all.
Jennifer Jett Q&A: committed to responsible governance
Jennifer Jett, vice president, governance and corporate secretary for Sempra, works closely with Sempra’s board of directors and executive management team to advance the company’s high-performing culture with a sharp focus on safety, operational excellence, good governance and embracing the power of diversity and inclusion. Learn more about Jett and her work in this Q&A: What are your responsibilities as vice president, governance and corporate secretary for Sempra? Our stakeholders, including shareholders, look to Sempra to operate our business with integrity and transparency, and to align our business operations with our mission to be North America’s premier energy infrastructure company. In my role, I work with our board of directors and senior management on a broad range of governance matters, corporate disclosures and compliance with the rules and procedures for making decisions about the company’s business, and I help identify the roles and responsibilities among key players within the company (the board, management, shareholders, regulators and other stakeholders). I also previously served on the board of directors of Infraestructura Energética Nova (IEnova), Sempra’s energy infrastructure business in Mexico which is now a part of Sempra’s newly formed business Sempra Infrastructure, and externally as a board member for the Corporate Directors Forum. At Sempra, we’re committed to responsible governance across the enterprise. How do we work to achieve that? Our governance processes sit within a robust ecosystem that is strengthened by our stakeholder commitment, our board of directors and shared accountability in achieving our strategic priorities. Our culture of continuous improvement means every employee is empowered and encouraged to bring this mission-focused integrity to their everyday work. We expect our leaders to demonstrate integrity, honesty and respect in their words and actions, and to uphold our Code of Business Conduct. All Sempra employees complete three mandatory ethics and compliance training courses each year. This training covers a wide range of topics including safety, discrimination-free and harassment-free workplaces, information management, confidentiality and privacy, environmental protection, charitable activities and more. Our board is also responsible for complying with a code of business conduct for directors and principal and executive officers. Our board monitors overall governance processes in an oversight capacity, while each operating company’s management team is responsible for implementing these policies and managing risks, safety and compliance issues and the day-to-day operations of their respective companies. Diversity and inclusion are key to our high-performance culture. How does that perspective extend to our board of directors? I’ve been involved in governance matters and worked with Sempra’s board off and on for over 16 years, and I have seen a commitment to diversity and inclusion since day one. Our directors speak up when they see opportunity to improve the diversity of our board or our management team. It’s inspiring to see their forward-thinking leadership and understanding that diverse perspectives drive better business outcomes. It’s a critical piece of how Sempra has for years successfully outperformed our peers on this front. We’re proud to have numerous female perspectives and a variety of racial backgrounds represented on our board, and we’re also excited by the diversity of experiences, professional backgrounds and other perspectives that strengthen our board’s overall business acumen. Whether it’s a director who has vast experience in the energy industry or one with a heavier governmental and policy background, we try to assemble a diverse group because we believe this makes our board and company stronger. Our board does a great job leaving egos at the door and focusing on the collective whole of our company and what is needed for continued success. Every year, we are evaluating the board and asking: what are our skills, what is our composition and where could we improve? Meet our board members
Sempra supports Texas women-owned businesses
Madison Denise, chief executive officer and founder of Esined, is proof that the entrepreneurial path has no age minimum. At just 10 years old, Denise recently won grant money to support the brand vision for her tween online clothing boutique after pitching to a panel of seasoned corporate judges. The Texas Governor’s Commission for Women and a $100,000 grant from Sempra made the business pitch competition possible, awarding cash prizes to six outstanding female founders in 2021. Each business owner had a compelling story for how they started or sustained their small business amidst the pandemic. During the pitch competition and associated business webinar series, entrepreneurs discussed starting, growing and sustaining businesses with participants from six regions of Texas — each woman bringing experience-based perspective and advice based on her individual specialties and business expertise. The Governor’s Commission for Women, in partnership with the Beacon State Fund, is dedicated to advancing economic opportunities for Texas women and making Texas a top state for women-owned businesses. This mission inspired Sempra to be a corporate sponsor based on our core values of championing people and shaping the future. Advancing women leaders who are an integral part of the thriving economic engine in the Lone Star State is a compelling example of our energy behind Texas. Denise was joined by other accomplished business owners in the winner’s circle, including: Monica Nava, Owner of Chem Café, which expanded during the pandemic to sell essential items and offer free wi-fi to support remote students and employees. Marcie Rea, Owner of Marcella’s, a luxury clothing and accessories boutique also offering fine thread craft classes through her Papillion Knittery program. Nadia Baughman, Owner of Ann’s Restaurant, a female and minority-owned and operated restaurant which converted from dine-in to fully curbside during the pandemic to retain all employees, provide family meal options and partner with food companies to reach more customers. Vanessa Bouche, Co-Founder and CEO of Savhera, a public benefit corporation on a mission to provide premium wellness products to consumers and dignified livelihood to human trafficking survivors. Alicia Adams, Owner of Stump Farms, a family-curated farm with a mission to grow natural and clean food for the community. Ellen Buck, vice president, business and operations services at Oncor, was one of the pitch competition’s corporate judges and was impressed with the tenacity and creativity displayed by these strong business owners from Texas. Sempra owns a majority stake in Oncor and both companies have a long legacy of supporting women business leaders. “We’re proud to support the Texas Governor’s Commission for Women and their work helping women-owned businesses thrive in Texas,” said Brian Lloyd, regional vice president, external affairs of Sempra Infrastructure. “These business owners are not only impressive, but inspiring as they write new chapters in the diversity of the Texas growth story.”
Sempra Announces Agreement To Sell 10% Interest In Sempra Infrastructure Partners
SAN DIEGO, Dec. 21, 2021 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) announced today it has entered into a definitive agreement to sell a non-controlling 10% interest in Sempra Infrastructure Partners (Sempra Infrastructure) to a subsidiary of the Abu Dhabi Investment Authority (ADIA) for $1.785 billion in cash, subject to customary closing adjustments. This transaction implies an enterprise value for Sempra Infrastructure of $26.5 billion, including asset-related debt of approximately $8.6 billion. In October, Sempra completed the sale of a 20% non-controlling interest in Sempra Infrastructure to a wholly owned affiliate of KKR. Upon closing of the transaction announced today, Sempra will own a 70% controlling stake in Sempra Infrastructure. "We are excited to add ADIA to the partnership at Sempra Infrastructure. As an investor with a global footprint, we expect ADIA will help our team build out a growth platform with an increasingly global capability," said Jeffrey W. Martin, chairman and CEO of Sempra. "The timing of the transaction is attractive because it allows us to efficiently rotate capital into a growing set of investment opportunities at our utilities and return capital to our owners in the form of share repurchases. This transaction allows us to do both, while also supporting our balance sheet." Sempra Infrastructure was created earlier this year through the consolidation of two world-class infrastructure companies – Sempra LNG and Infraestructura Energética Nova, S.A.B de C.V. (IEnova). The combined business consists of three growth platforms – clean power, energy networks, and LNG and net-zero solutions – with a view towards capturing new opportunities that support the global energy transition. "At ADIA, we see tremendous opportunity in the ongoing transformation of global energy markets. In North America, few businesses are as well positioned as Sempra Infrastructure to build the new energy systems for the 21 st century. We look forward to building on the partnership with Sempra and KKR to advance the business prospects of Sempra Infrastructure," said Khadem AlRemeithi, executive director of the Real Estate & Infrastructure Department at ADIA. The transaction is expected to be completed in the summer of 2022, subject to customary closing conditions and consents from regulators. Under the terms of the agreement, ADIA will have certain customary minority rights with respect to Sempra Infrastructure, commensurate with the size of the investment. Proceeds from the sale will be used to help fund incremental capital expenditures at Sempra's utilities and repurchase $500 million of the company's stock, of which $300 million was completed in the fourth quarter of this year, while also supporting the company's balance sheet. The transaction is expected to be accretive to earnings as the proceeds are deployed. White & Case LLP and Sullivan & Cromwell LLP are serving as legal advisors to Sempra on this transaction. Milbank LLP and Gonzalez Calvillo S.C. are serving as legal advisors to ADIA. Earnings Guidance With the referenced transaction expected to close next year, Sempra is affirming its full-year 2022 EPS guidance range of $8.10 to $8.70. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies has more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture with a focus on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra. About ADIA Established in 1976, ADIA is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import and export hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments and property disputes; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; the impact of energy and climate goals, policies, legislation and rulemaking, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, 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; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks and with respect to interest rates, the impact on SDG&E's and SoCalGas' cost of capital; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, 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 has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra
Sempra Named Top Energy Company on The Wall Street Journal's Management Top 250 Ranking
SAN DIEGO, Dec. 20, 2021 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it is the highest-ranked energy company on the Wall Street Journal's Management Top 250 ranking for 2021, one of the most prestigious ranking efforts dedicated to measuring corporate effectiveness. This is the third time the company has been named to the Management Top 250, a list which began in 2017. "As the owner of one of the largest energy networks in North America, we are really proud of this recognition because, in large measure, it reflects the concerted efforts of our 19,000 employees to build a more sustainable future," said Jeffrey W. Martin, chairman and CEO of Sempra. "Building an increasingly carbon-neutral society requires investing in 21st century infrastructure that better serves the needs of our customers – and that is the central purpose of our company." The Wall Street Journal assembled its rankings with the help of the Drucker Institute, a think tank based at Claremont Graduate University's Drucker School of Management in California that works to help major corporations, nonprofits and government agencies be more effective. Their mathematical model, which includes a total of 34 metrics, serves as the basis for the Management Top 250. This year's ranking included a new metric that assesses how well a company's actions match up with the United Nations' Sustainable Development Goals (SDGs). Released in 2015 as an integral part of the U.N.'s 2030 Agenda for Sustainable Development, the 17 SDGs are a call for action by all countries to engage in a global partnership to end poverty, improve health and education, reduce inequality and spur economic growth – all while taking urgent action to combat climate change. Many of Sempra's core business activities are aligned with the U.N.'s SDGs and the company is committed to continuously making progress on its environmental, social and governance (ESG) objectives. Moreover, the Sempra organization is focused on advancing universal access to affordable, reliable and lower-carbon sources of energy across its service territories and around the world. Sempra and its family of companies are also working to increase the share of renewable energy in the global energy mix, all while building new and more resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation and the deployment of new energy technologies. For two decades, Sempra has been on a sustained path to decarbonize its business operations and the markets it serves with a goal of transitioning to net-zero greenhouse gas (GHG) emissions. Earlier this year, Sempra set a goal to reach net-zero GHG emissions by 2050, with an interim goal of 50% reduction in its California utilities and Mexico (non-LNG) scopes 1 and 2 emissions by 2030, as compared to a 2019 baseline. Sempra and its family of companies also have critical goals around building a high-performing culture that is comprised of world-class safety, leadership and employee development and a commitment to a talented, diverse and inclusive workforce. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies has more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture with a focus on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import and export hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments and property disputes; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; the impact of energy and climate goals, policies, legislation and rulemaking, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, 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; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks and with respect to interest rates, the impact on SDG&E's and SoCalGas' cost of capital; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, 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 has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra
SoCalGas and Bloom Energy Showcase Technology to Power Hydrogen Economy with Gas Blending Project
LOS ANGELES and SAN JOSE, Calif., Dec. 14, 2021 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), the nation's largest natural gas distribution utility, and Bloom Energy (NYSE:BE) today announced a project to showcase the future of the hydrogen economy and the technologies needed to help California reach carbon neutrality. The companies will collaborate to generate and then blend hydrogen into a university customer's existing natural gas network to demonstrate how the natural gas infrastructure can be decarbonized, while balancing future energy supply and demand. The project is set to launch next year on the campus of the California Institute of Technology (Caltech) in Pasadena. " California has ambitious climate goals and a successful energy transition will require companies to collaborate and implement innovative projects," said California State Assembly member Chris Holden. "This unique demonstration could help our state transition to a carbon neutral future." The collaboration will utilize Bloom Energy's solid oxide, high temperature electrolyzer to generate hydrogen, which will then be injected into Caltech's natural gas infrastructure. The resulting 10 percent hydrogen blend will be converted into electricity without combustion through existing Bloom Energy fuel cells downstream of the SoCalGas meter, producing electricity for a portion of the university. For the purpose of this project, the electrolyzer is designed to generate hydrogen from grid electricity. At scale, the electrolyzer and fuel cell combination could enable long duration clean energy storage and low-carbon distributed power generation through the gas network for businesses, residential neighborhoods, and dense urban areas. When configured as a microgrid, it could also provide resilient power when and where energy is needed most, protecting businesses, campuses or neighborhoods from widespread power outages. "We need to pursue a diverse set of decarbonization levers," said Maryam Brown, president, SoCalGas. "Projects like this expand and accelerate clean fuel initiatives, which will help decarbonize California faster." Bloom's high-temperature electrolyzer produces hydrogen more efficiently than low-temperature PEM and alkaline electrolyzers. Because it operates at high temperatures, the Bloom Electrolyzer requires less energy to break up water molecules and produce hydrogen. Electricity accounts for nearly 80 percent of the cost of hydrogen from electrolysis. By using less electricity, hydrogen production becomes more economical and will accelerate adoption. The Bloom Electrolyzer is also designed to produce green hydrogen from 100 percent renewable power. "With our technology and collaborations like this one, Bloom Energy continues to lead advancements in decarbonizing today's energy system and accelerating a hydrogen-fueled economy," said Sharelynn Moore, executive vice president and chief marketing officer, Bloom Energy. "Enabling both the production and utilization of hydrogen, Bloom Energy's solutions are well-suited to support use of the natural gas network to reduce carbon emissions while bolstering energy resilience." A new economy-wide technical analysis released by SoCalGas revealed that fuel cell technology, powered by clean fuels like hydrogen, can provide additional reliability and resiliency that will be in increasing demand as California moves towards its decarbonization goals. Today, SoCalGas is actively engaged in more than 10 pilot projects related to hydrogen, including its award-winning H2 Hydrogen Home. SoCalGas is also evaluating the potential to use existing infrastructure for transporting hydrogen through testing and demonstration at its engineering analysis center and is collaborating with California's other gas utilities and research institutions to develop a hydrogen blending standard for regulatory review. Bloom Energy is engaged with industry leaders to accelerate the global hydrogen economy, including projects related to producing low-cost, green hydrogen and utilizing nuclear energy to create clean hydrogen. To learn more about SoCalGas' net zero goals, please visit: socalgas.com/mission To see how Bloom Energy is powering the future, visit: bloomenergy.com/technology/powering-the-future/ About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About Bloom Energy Bloom Energy's mission is to make clean, reliable energy affordable for everyone in the world. Bloom's product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom's customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S. in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) the ability to realize anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at the Aliso Canyon natural gas storage facility; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, 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; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; volatility in inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. Some of these risks and uncertainties are further discussed in the reports that Sempra and Bloom Energy have 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, on Sempra's website, www.sempra.com, and Bloom Energy's website, www.bloomenergy.com. Investors should not rely unduly on any forward-looking statements. Neither party undertakes any obligation to revise or publicly update any forward-looking statements unless if and as required by law. SOURCE Southern California Gas Company
Vaccine Equity at the Border
As U.S. citizens lined up to get COVID-19 vaccinations this past spring, many of our neighbors and colleagues across the border did not have the same access to the vaccines because of supply challenges in Mexico. To address the inequity, a collaboration quickly formed between the Consulate General of Mexico in San Diego, UCSD Foundation and Sempra. In a matter of weeks, we helped develop and support a Binational COVID-19 Vaccination Program that offered vaccinations to workers and first responders in Baja California, Mexico, through a COVID-19 mobile clinic. In total, Sempra gave nearly $100,000, sponsoring a two-for-one vaccine match that enabled 700 critical Sempra Infrastructure workers in Mexico to receive a vaccine, while providing twice that number — an additional 1,400 vaccines — to police officers, public transportation drivers, journalists, national guardsmen, migrant organization workers and others. Helping Our Region Supporting critical needs in the cross-border region has long been a priority at the company and the vaccination program provides a recent case in point. “We understood quickly the public health benefit this program could bring to critical frontline workers in the binational region, including our own employees,” said Beatriz Palomino Young, senior manager, corporate citizenship for Sempra. “So we were proud to step up, be responsive to needs articulated by the Consul General, and help UCSD provide vaccines to workers south of the border.” At Sempra, our values are to do the right thing, champion people and shape the future. By helping advance vaccine equity, we are living our values and shaping a better future for all. Learn more about how Sempra employees continue to give back to the communities we serve. We Support Our Communities
Sempra Foundation Donates More Than $350,000 To Grid Alternatives To Help Advance Energy Access In Tribal Communities
SAN DIEGO and OAKLAND, Calif., Dec. 13, 2021 /PRNewswire/ -- Sempra Foundation, founded by Sempra (NYSE: SRE) (BMV: SRE), has donated more than $350,000 to GRID Alternatives to help advance energy access in California tribal communities by developing, financing and implementing solar power projects. About 200 kilowatts of solar capacity will be installed at single-family residences and apartment buildings at four reservations in San Diego County and Bishop, California, supporting more than 200 tribal members. The installations will be completed through the Tribal Solar Accelerator Fund (TSAF), a tribal-led initiative that supports tribes in achieving their renewable energy goals. "Energy access is critical to empowering communities, reducing emissions and building an equitable future for all," said Lisa Alexander, director and board chair of Sempra Foundation. "Access to cleaner and more reliable forms of energy makes sustainable development possible – and we are proud to support this work in tribal communities throughout California." Nationally, a disproportionate number of Native American households live in energy poverty, with 14.2% having no access to reliable energy – more than 10 times the national average. TSAF addresses barriers by building renewable energy infrastructure that is cost-effective, engages broad tribal participation, and builds climate resiliency. "Solar energy and workforce training is critical to building energy sovereignty in tribal communities," says Tanksi Clairmont, director of the Tribal Solar Accelerator Fund. GRID Alternatives is a national leader in providing access to clean, affordable, renewable energy to economic and environmental justice communities in the U.S. and internationally. GRID Alternatives' work to install solar projects in tribal communities typically reduces energy bills for households by 75-90%, savings that can be re-invested in other priorities. "With this support, TSAF is catalyzing the leadership of our tribal partners in reaching their renewable energy goals," says Adam Bad Wound, founder of the Tribal Solar Accelerator Fund. This project is part of a broader commitment by Sempra Foundation to help improve lives and help build stronger, more resilient communities by expanding energy access. In September, Sempra Foundation and GRID Alternatives announced that they were working to install solar projects to help improve energy access for communities with environmental justice concerns in Mexico. Additionally, last month, Sempra Foundation announced a contribution to Fundación Mozcalti – a nonprofit organization based in Tijuana, Baja California – to deliver cleaner cook stoves across five states in Mexico. About Sempra Foundation Founded by Sempra in 2007, Sempra Foundation has long been focused on investing its energy and resources into efforts that make a real difference for people when they need it most. Sempra Foundation is exploring the issue of energy access by looking to understand energy poverty at a deeper level and determine how it can help shape a vibrant future for all going forward. The foundation also has a long history of investing in relief efforts when disasters strike, including wildfires, hurricanes, earthquakes and other events. Sempra Foundation encourages community engagement among the 19,000 employees who work for Sempra and its operating companies by matching employee contributions of time and money to any eligible 501(c)(3) charitable organization they choose to support, helping them to deliver their energy with purpose in communities. About Tribal Solar Accelerator Fund About the Tribal Solar Accelerator Fund GRID Alternatives' Tribal Solar Accelerator Fund was launched in 2018 with a 3-year, $5 million grant from the Wells Fargo Foundation. Since 2010, GRID has partnered with tribes in a community-centric approach to increase renewable energy capacity, resilience and energy sovereignty. The fund builds on this work to provide grants that catalyze the growth of solar energy and expand solar job opportunities in tribal communities across the United States. To further expand access to renewable energy in tribal communities, TSAF welcomes new donors and partnerships to contribute to the fund. For more information, visit tribalsolar.org. SOURCE Sempra
Sempra Infrastructure recognized with award of excellence in LNG by S&P Global Platts
SAN DIEGO, Dec. 10, 2021 /PRNewswire/ -- Sempra Infrastructure today announced the company was presented with the Excellence in LNG Award at the S&P Global Platts Global Energy Awards ceremony in New York. Sempra Infrastructure was selected in recognition of its operational excellence, exemplary corporate innovation, leadership and company performance in the liquefied natural gas (LNG) category. "We are honored to receive this recognition. We are proud of the exemplary performance our team has shown, particularly during these challenging times and unprecedented circumstances for the energy industry," said Justin Bird, chief executive officer of Sempra Infrastructure. "Our commitment to safety and excellence remains strong as we continue to work on facilitating the energy transition by being a leader in the responsible development of lower-carbon energy infrastructure along the LNG value chain in North America." The category of Excellence in LNG is open to all players in the LNG value chain, including producers, buyers, portfolio players, traders, financial companies, shippers, and technology innovators. Sempra Infrastructure has been developing LNG infrastructure for more than 15 years and has managed and operated more than 18 million tonnes per annum (Mtpa) of LNG regasification capacity with an exemplary safety track record. Last year, Cameron LNG, a Sempra Infrastructure joint venture, achieved a safety record of more than 89 million hours without a lost-time incident during construction and transition to operations of the three-train liquefaction facility. To date, Cameron LNG has exported more than 300 cargos of LNG to approximately 30 countries worldwide, helping our allies meet their need for lower-carbon energy. Additionally, Sempra Infrastructure's liquefaction project in Mexico, ECA LNG Phase 1, was the only project in the world to achieve a final investment decision in 2020. ECA LNG Phase 1 construction activities are under way and to date, it has achieved 1 million hours worked without a recordable safety incident. The S&P Global Platts Global Energy Awards 2021 winners, chosen from more than 300 nominated companies and four dozen countries, were selected from each corresponding group of finalists by the Global Energy Awards' independent panel of judges. About Sempra Infrastructure At Sempra Infrastructure, we deliver energy for a better world. Through the combined strength of our assets in North America, we are dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, our more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com. About S&P Global Platts At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing, and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture, and shipping. S&P Global Platts is a division of S&P Global, which provides essential intelligence for companies, governments, and individuals to make decisions with confidence. For more information, visit http://spglobal.com/platts. SOURCE Sempra Infrastructure
Sempra Named Trendsetter In Political Disclosure And Accountability For Sixth Consecutive Year
SAN DIEGO, Dec. 8, 2021 /PRNewswire/ -- For the sixth consecutive year, Sempra (NYSE: SRE) (BMV: SRE) has been recognized as a Trendsetter in political disclosure practices and accountability in the 2021 CPA-Zicklin Index. The CPA-Zicklin Index is released annually by the Center for Political Accountability (CPA) and the Zicklin Center for Business Ethics Research at The Wharton School at the University of Pennsylvania. The index measures political disclosure and accountability policies and practices for election-related spending by S&P 500 companies, including political spending policies and board oversight. Companies that score 90 points or higher on the index are considered Trendsetters. "Strong corporate governance together with responsible stakeholder engagement is a key focus for us and also a critical component of our success," said Lisa Alexander, senior vice president of corporate affairs and chief sustainability officer for Sempra. "We're committed to transparency and are pleased to earn a top ranking among utilities as we advance the infrastructure needed to transition to a low-carbon energy system." Highlights for Sempra's recognition this year include the following: Sempra was recognized for the sixth consecutive year as a Trendsetter on the index and this year's ranking marked the eighth consecutive year that the company has been ranked in the first tier, representing businesses that scored 80 points or higher. Sempra was named a Trendsetter with a score of 95.7 out of a possible 100 and was tied in first place with two other companies among the top-performing companies in the utility sector. Of the 493 companies studied this year, the average score on the index was 51.4. "Our politics today are no longer 'business as usual;' investors, employees, and customers have come to expect political transparency and accountability from their companies," said CPA President Bruce Freed. "Sempra, again a Trendsetter in the 2021 Index, has been a leader in corporate political transparency and accountability with dozens of the world's most valuable companies following its lead in this area dating back to 2016." Sempra was also recently named to Newsweek's "America's Most Responsible Companies" list for 2022, further demonstrating the company's commitment to environmental, social and governance practices. Sempra and its operating companies advance responsible stakeholder engagement through strong governance practices, policies and disclosures that also help promote transparency and accountability in political engagement. More information can be found in Sempra's annual corporate sustainability report. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture including safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra. SOURCE Sempra
Championing D&I at Annual Summit
Recently, the Sempra family of companies came together for our annual Diversity & Inclusion (D&I) Summit. Over 1,900 employees celebrated the value of unique backgrounds and reinforced Sempra’s commitment to continue fostering an environment where everyone feels a sense of belonging. The event featured a keynote speaker and two breakout sessions focused on cultivating a sense of belonging, togetherness and empathy — all of which are an integral part of Sempra’s employee culture. The summit also featured awards honoring D&I champions throughout the Sempra family of companies, as well as remarks from many company executives, including Sempra Chairman and CEO Jeffrey Martin. A key moment during the summit occurred when Martin and Sempra Group President Kevin Sagara discussed the importance of the D&I summit as it pertains to Sempra’s overall success as a business. “At Sempra, our corporate culture is truly our sustainable advantage. We embrace safety as a foundational value, believe in developing the maximum potential of every employee and foster an inclusive workplace that encourages diverse views and experiences and the value of listening and learning from one another.” Jeffrey Martin, Chairman and CEO Sempra is committed to investing in our employees by building a sense of psychological safety, helping employees reach their potential through resources such as Sempra University, and continuing to listen, learn and reflect on D&I issues. "The D&I summit is just one way we talk about where we’re headed and what we need to focus on, but it’s not the end,” said Mitch Mitchell, Sempra senior vice president of diversity and community partnerships. “This is not about one individual, this is not about one team, it’s about us collectively as we focus on our values — do the right thing, champion people and shape the future. As we deliver energy with purpose and rely on a caring, driven and connected community of employees, we will achieve great things.” Our Commitment to Diversity & Inclusion

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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).