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Displaying results 871 - 885 of 1201
Sempra LNG Announces Executive Appointments To Support Continued Growth In North American LNG Market
SAN DIEGO, March 18, 2019 /PRNewswire/ -- Sempra LNG, a unit of Sempra Energy (NYSE:SRE), today announced that Justin Bird has been named president and Lisa Glatch will become the company's chief operating officer. "The Sempra Energy board and the management team could not be more pleased to match our world-class liquefied natural gas (LNG) opportunity with a world-class leadership team," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "This is a powerful combination as we work to become North America's premier energy infrastructure company." Both Bird and Glatch will be reporting to Carlos Ruiz Sacristán, chairman and CEO of Sempra North American Infrastructure. "We are well positioned to serve the growing Atlantic and Pacific markets with five strategically located development projects that will provide direct access to clean and reliable natural gas," said Ruiz Sacristán. "Justin and Lisa bring extensive expertise in developing infrastructure projects, marketing capacity, financing, engineering and construction. With their leadership, our LNG business is on solid footing for continued disciplined growth." Bird led the continued development of Sempra's five LNG projects in his prior position as chief development officer for Sempra North American Infrastructure. He previously led the $7.4 billion project financing of the Cameron LNG liquefaction project in Hackberry, La. Earlier in his career, Bird played a key role in the development and commercial arrangements for the Cameron LNG facility and Energía Costa Azul regasification terminal in Baja California, Mexico. Bird also served in senior leadership roles within the Sempra companies, including vice president of gas infrastructure and special counsel, vice president of compliance and governance, and corporate secretary. In his new role, Bird will focus on marketing and project development. With more than 30 years of engineering and construction experience, as well as the management of multibillion-dollar projects, Glatch will be responsible for engineering and construction, project controls, human resources, external affairs and operations for Sempra LNG. She also will continue to serve as the board chair for Cameron LNG. Glatch joined Sempra Energy in 2018 as strategic initiatives officer and her primary focus has been to support the completion of Cameron LNG's Phase 1, the $10 billion joint-venture liquefaction project under construction, of which Sempra Energy owns 50 percent. Previously, Glatch held board and senior executive positions at CH2M, Jacobs and Fluor, global engineering, construction and technical firms serving the energy market. Sempra LNG develops, builds and invests in natural gas liquefaction facilities and is pursuing the development of five strategically located LNG projects in North America with a goal of delivering 45 million tonnes per annum of clean natural gas to the largest world markets, making Sempra Energy one of North America's largest developers of LNG export facilities. Sempra Energy's mission is to become North America's premier energy infrastructure company. With 2018 revenues of more than $11.6 billion, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees are focused on delivering energy with purpose to approximately 40 million consumers worldwide. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, social responsibility and investment value, and is a member of the Dow Jones Utility Index. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or when we discuss our guidance, strategy, plans, goals, vision, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the greater degree and prevalence of wildfires in California in recent years and the risk that we may be found liable for damages regardless of fault, such as where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; actions and the timing of actions, including decisions, new regulations and issuances of authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Los Angeles County Department of Public Health, U.S. Environmental Protection Agency, Federal Energy Regulatory Commission, Pipeline and Hazardous Materials Safety Administration, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; the success of business development efforts, construction projects, major acquisitions, divestitures and internal structural changes, including risks in (i) obtaining or maintaining authorizations; (ii) completing construction projects on schedule and budget; (iii) obtaining the consent of partners; (iv) counterparties' ability to fulfill contractual commitments; (v) winning competitively bid infrastructure projects; (vi) disruption caused by the announcement of contemplated acquisitions and/or divestitures or internal structural changes; (vii) the ability to complete contemplated acquisitions and/or divestitures; and (viii) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation and regulatory investigations and proceedings; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements; delays in, or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; actions of activist shareholders, which could impact the market price of our securities and disrupt our operations as a result of, among other things, requiring significant time by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit; and volatility in currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of recent federal tax reform and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; expropriation of assets by foreign governments and title and other property disputes; the impact at San Diego Gas & Electric Company on competitive customer rates and reliability of electric transmission and distribution systems due to the growth in distributed and local power generation and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation and the potential risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory capital requirements and other regulatory and governance commitments, including the determination by a majority of Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG
SoCalGas Records Highest Level of Spending with Diverse Businesses in Company History
LOS ANGELES, March 15, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced that it achieved the highest level of spend with diverse business enterprises in the history of the company, spending more than $673 million dollars with 583 diverse suppliers last year. The company exceeded the California Public Utilities Commission's (CPUC) goal for contracting purchases with women, minority, service-disabled veteran, and lesbian, gay, bisexual, and transgender-owned businesses for the 26 th consecutive year in 2018. More than 40 percent of the utility's contract spending went to women, minority, service-disabled veteran and LGBT-owned companies, nearly double the CPUC's goal of 21.5 percent. "I'm proud that our activities and investments have not only made SoCalGas a leader in supplier diversity, but also contributed to a stronger local economy, job growth and an improved business climate," said Bret Lane, chief executive officer for SoCalGas. "We have made significant investments in supplier diversity initiatives and provided technical assistance to help diverse firms grow and succeed." "The construction manager in Bakersfield introduced us to a manager in transmission, which helped expand our network," says Hal Hays Construction chief executive officer Kirby Hays, whose father founded the company in 1991. "Other areas within SoCalGas also opened up since we forged a relationship with their Supplier Diversity department. We've met a lot of people and relationships blossomed rather quickly," he adds, noting the work resulted in about a dozen new hires. The Riverside-based, general and civil construction firm was awarded its first contract to build the utility's new base in Bakersfield. This was followed by contracts to replace concrete at the Blythe compressor station, make infrastructure improvements through the Mobilehome Park Utility Upgrade program and build a compressed natural gas (CNG) refueling station in Bakersfield. While the Native American-owned firm with 200-plus employees was well established before its SoCalGas contracts, Hays says SoCalGas' Supplier Diversity team was helpful in sharing the utility's environmental and safety priorities and keeping them updated on the competitive bid process. Spending included new major contracts with diverse suppliers for environmental services, mobile home park utility upgrade program, facilities and finance. In addition, 12 of the company's 25 largest vendors are diverse suppliers. SoCalGas also offers these large and small businesses innovative training programs, including supplier development and technical assistance, contractor safety workshops, seminars and other events. SoCalGas' commitment to diversity extends beyond its diverse suppliers to its workforce and the communities it serves as well. In 2018, SoCalGas invested more than $7.5 million to nearly 1,000 organizations across its service territory, benefiting in part underserved community groups in African American, Hispanic American, Asian Pacific American, and Native American communities. In addition, the company's diverse workforce of more than 7,500 employees includes 68 percent people of color. More information about SoCalGas' commitment to supplier diversity can be found in the newly released 2018 Supplier Diversity Annual Report. The CPUC's Utility Supplier Diversity Program topped $10.5 billion in goods and services that utilities purchased from women, minority, disabled veterans and LGBT-owned business enterprises. For more information, read CPUC's 2018 Annual Report or visit consumers.cpuc.ca.gov/supplierdiversity. About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Traffic Advisory: Lane Reductions in Placentia for SoCalGas Pipeline Inspection Project to Begin on March 18
WHAT: SoCalGas will be performing a safety inspection on natural gas pipeline in Placentia starting on March 18. Crews are expected to work in the area through April 2019. To perform the pipeline work safely, southbound lanes on Placentia Avenue will be reduced to one lane near the construction site during work hours. Traffic control signs and cones will help direct the flow of traffic. Residents and local businesses near the construction site may hear some work-related noise. During the work hours, commuters passing by the work site will see excavation, equipment and vehicles. No interruption to natural gas service is anticipated. Customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who smells gas to call us at 1-800-427-2200 . SoCalGas is available 24 hours a day, seven days a week. WHERE: Placentia Avenue, between East Via Burton and Orangethorpe Avenue in the city of Placentia, as shown in this link. WHEN: Lanes will be reduced from 8:30 a.m. to 4:30 p.m., Monday through Friday, beginning March 18 through April 2019 depending on weather and other factors. Night work will occur the week of April 15 from 10 p.m. to 4 a.m., Monday through Friday.
Mobile Home Park Residents Continue to Benefit from New Natural Gas Infrastructure and Technology
LOS ANGELES, March 14, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it has received state approval to extend its pilot program that provides direct natural gas service to mobile homes. The Mobile Home Park (MHP) Utility Upgrade Pilot Program was authorized for extension by the California Public Utilities Commission (CPUC) through December 31, 2021. Mobile home park residents who receive direct utility service are able to monitor their natural gas use through advanced meter technology and easily access energy savings programs and bill assistance for income-qualified customers. Through the initial pilot program that began in 2014, SoCalGas is authorized to convert more than 18 percent of mobile home park spaces in its service territory to direct utility service through 2021. Photos of a participating mobile home park in Compton, California are available here . An overwhelming majority—81 percent—of all mobile home parks in SoCalGas' territory applied to participate in the initial MHP Utility Upgrade Pilot Program. The program has enhanced safety and reliability through direct utility service to approximately 12,000 mobile homes in more than 200 parks throughout SoCalGas' territory. "The CPUC's decision to extend the MHP Utility Upgrade is good news for residents of mobile home parks in our service territory," said Gina Orozco, SoCalGas' vice president of gas operations. "We will continue modernizing and converting natural gas systems at mobile home parks to direct utility service to allow thousands of mobile home park residents, many of whom are seniors, working families, and others with limited resources, the benefits of safe, affordable, natural gas and eligibility for customer assistance programs for those in need." "As the Chair of the Senate Select Committee on Manufactured Home Communities, I applaud the California Public Utilities Commission's approval of the continuation of the Mobilehome Park Utility Upgrade Program. This program continues to help residents of mobile home park communities across California, including within the 20th State Senate District. I appreciate SoCalGas' participation in this program and look forward to these upgraded technologies continuing to help California residents," said Senator Connie M. Leyva (D- Chino). "Foothill Village is excited to be participating in the MHP Utility Upgrade Program," said Ernest Schroer, owner of Foothill Village in Pomona, California. "The modernization of pipeline for natural gas means that we no longer have to make expensive repairs and replacements to meters ourselves. We are happy to have the professionals at SoCalGas build and manage the new gas system. It's a win-win for everyone involved." "Our property management firm operates mobile home parks for 128 properties throughout California, 20 of which have participated in the MHP Utility Upgrade Program," said Thomas Pacelli, Vice President of Operations at J&H Asset Property Management. "We've seen our residents at 20 mobile home parks benefit from the upgraded infrastructure and technology. By becoming new customers of SoCalGas, residents who need assistance paying their monthly bills can sign up and qualify for California Alternate Rates for Energy (CARE) to receive a 20 percent discount on monthly natural gas bills." In March 2014, the CPUC approved a voluntary, statewide, three-year pilot program offering mobile home park owners the opportunity to replace their parks' energy distribution system with a new, professionally installed natural gas distribution system, which includes the installation and use of advanced meter technology. With advanced meters, mobile home park residents will have access to their hourly natural gas usage on a next-day basis that can enable them to better manage their gas usage and save money. New SoCalGas customers will now also be able to set up their own "My Account" to view and pay their bill online, schedule service and/or sign up for paperless billing. For more information about the Mobilehome Park Utility Upgrade Program, please visit https://www.socalgas.com/stay-safe/safety-and-prevention/mobilehome-par…. Customers can learn more about SoCalGas' customer assistance programs and apply today at socalgas.com (search "ASSISTANCE") or call 1-800-252-0259 (available in English and Spanish). About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company
Climate Resolve Names SoCalGas’ George Minter Renewable Natural Gas Champion at Annual Celebration of Innovation in the Fight Against Climate Change
LOS ANGELES – March 13, 2019 – Southern California Gas Co. (SoCalGas) today announced George Minter, the company’s regional vice president of external affairs & environmental policy, was named “Renewable Natural Gas Champion” by Climate Resolve, a Los Angeles-based nonprofit organization that focuses on local solutions to global climate change, Climate Resolve lauded Minter’s efforts to increase the use of renewable natural gas to reduce greenhouse gas emissions in a way that benefits all people, including low income families. Minter was honored at Climate Resolve’s annual Coolest in LA Gala – a celebration of innovation in Southern California’s Fight Against Climate Change. “I am honored to accept this award from Climate Resolve,” said Minter. “To truly achieve carbon-neutrality, California must capture the methane emissions from waste sources. A path to carbon neutrality that includes renewable natural gas will also be two to three times more cost effective than an all-electric solution. This is something I wholeheartedly believe in and I will continue to try to educate the public, my peers and those in government about this concept so that together, all of us in California can reach our climate goals.” “George was an early adopter of the renewable natural gas vision. He realized before many, how important RNG is in our efforts to reduce greenhouse gas emissions,” said Sharon Tomkins, vice president customer solutions & strategy. “George has largely helped to shape our company vision on RNG and has been instrumental in educating so many on the use of renewable natural gas and its importance to California’s efforts to reduce climate impacts.” Last week, SoCalGas announced a bold plan to replace 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. The announcement is part of SoCalGas' vision to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to its customers. To kickstart the plan, SoCalGas will pursue regulatory authority to implement a broad renewable natural gas procurement program with a goal of replacing five percent of its natural gas supply with RNG by 2022. Renewable natural gas is a clean fuel produced from our waste streams (i.e., sewers and food waste, as well as dairy and agriculture waste) and can be used like traditional natural gas to heat homes and businesses, for cooking, and to fuel trucks and buses. RNG reduces GHG emissions because it can take more GHG emissions out of the air than it emits as an energy source. In 2016, Governor Brown signed legislation to reduce short-lived climate pollutants, including methane from organic sources. The law requires 40 percent of methane from sewage treatment plants, landfills and agriculture to be captured, with provisions to deliver that energy to customers. SoCalGas has been working to accelerate the further development of RNG projects in California. In 2018, renewable natural gas produced in the state began flowing into SoCalGas pipelines for the first time, from an anaerobic digester built and operated by waste hauling company CR&R. CR&R's facility produces renewable natural gas using organic waste collected in Southern California cities' green waste bins and already fuels 400 of their collection trucks. In January 2019, Calgren, a biofuel producer, began flowing renewable natural gas into the SoCalGas system from a dairy digester pipeline cluster. The facility will eventually collect biogas from anaerobic digesters at 12 Tulare County dairies, preventing about 130,000 tons of greenhouse gas from entering the atmosphere each year, the equivalent of taking more than 25,000 passenger cars off the road for a year. Today, there are some 24 California dairy methane capture projects either operating or in development, and experts estimate there could be as many as 120 projects funded and operating in the next five years. In addition, as the state seeks to divert organic waste from landfills and capture emissions from wastewater treatment plants, more locally produced renewable natural gas will become available. A 2016 study by the University of California, Davis calculated that California has the potential to produce nearly 100 billion cubic feet (bcf) per year of renewable natural gas. This would be enough to meet the annual natural gas needs of around 2.3 million California homes. In addition, out-of-state sources of RNG are significant and growing. According to the U.S. Department of Energy, the U.S. currently produces 1 trillion cubic feet of renewable natural gas every year, and that number is expected to increase to 10 trillion by 2030. Last year, a separate study showed that replacing less than 20 percent of California’s traditional natural gas supply by 2030 would achieve the same emissions reductions as electrifying the entire building sector and is two to three times more cost effective than any all-electric scenario. Consumer polls support the increased production and use of renewable natural gas. Today approximately 90 percent of homes in Southern California use gas for heating and/or cooking. Those households prefer natural gas for home heating and cooking by a margin of 4 to 1 because it Is more affordable. In addition, a recent California Building Industry Association survey of California voters found that only 10 percent of voters would consider purchasing an all-electric home and 80 percent oppose laws that would take away their natural gas appliances. For more information on RNG's visit https://www.socalgas.com/smart-energy/renewable-gas. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas’ vision is to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . ###
Traffic Advisory: SoCalGas Performs Pipeline Improvement Project in Somis Through April
WHAT: SoCalGas is performing a pipeline modernization project on a segment of natural gas pipeline in Somis. Crews are expected to continue work in the area on the natural gas pipeline through April 2019. To perform this pipeline replacement safely, Rice Street between East Street and West Street will be reduced to one lane near the construction site. East Street between Rice Street and North Street will also be reduced to one lane. There will be alternating lane closures for night work near the intersection of Rice Street and Somis Road (State Route 34) during the week of March 17. During construction, all lanes of traffic on these streets will close intermittently. Flaggers, traffic control signs and cones will help direct the flow of traffic. Residents and local business owners may hear some work-related noise. During work hours, commuters passing by the work site will see excavation, equipment and vehicles. No interruption to natural gas service is anticipated. Customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who smells gas to call us at 1-800-427-2200 . SoCalGas is available 24 hours a day, seven days a week. WHERE: Rice Street, between East Street and West Street, which intersects with Somis Road (State Route 34), as shown in this link. East Street, between Rice Street and North Street, as shown in this link. Intersection of Rice Street and Somis Road (State Route 34), as shown in this link. WHEN: Lanes will be reduced on Rice Street between East Street and Somis Road from 7 a.m. to 4:30 p.m. and on Rice Street between West Street and Somis Road from 8:30 a.m. to 4 p.m., Monday through Friday, through the end of April 2019. Beginning on Sunday, March 17, there will be alternating lane closures for night work from 9 p.m. to 5 a.m. at the intersection of Rice Street and Somis Road (State Route 34) for the week. NOTE: SoCalGas continually invests in its natural gas system infrastructure. From 2011 through 2016, the company invested nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. To learn more about SoCalGas’ Pipeline Safety, visit: https://www.socalgas.com/stay-safe/pipeline-and-storage-safety/pipeline… PUBLIC CONTACT: Customers with questions or concerns about the construction work may call SoCalGas’ Customer Contact Center 24-hours a day, seven-days a week at 800-427-2200 . Our top priorities are to work safely and to provide the communities we serve with safe and reliable natural gas service.
SoCalGas Joins the California Energy Commission in the Demonstration of a New Ultra-Efficient Water Heater and Space Cooler Developed by Stone Mountain Technologies
LOS ANGELES, March 12, 2019 /PRNewswire/ -- Restaurants use a lot of energy to not only prepare and cook food, but to cool kitchens, dining rooms, and other spaces. A new high efficiency, ultra-low emissions commercial water heating and space cooling unit, which begins field demonstrations at two Southern California restaurants this week, could dish out energy savings, lower operating costs, and reduce greenhouse gas emissions for foodservice and hospitality facility operators. The new technology uses a thermally driven heat pump fueled by natural gas or propane to capture ambient energy, achieving a heating efficiency of 140 percent or greater. It is projected to reduce energy use by 30 to 50 percent compared to standard natural gas water heaters. The highly-efficient heat pump also provides space cooling simultaneously, which reduces the need for air conditioning and can help lessen electricity use. Stone Mountain Technologies, Inc. (SMTI) developed the new heat pump by redesigning heat pump technology traditionally used for cooling and focusing it on heating with cost-effectiveness and scalability in mind. GTI is leading the demonstration, and AO Smith Corporation is also providing support. Project funding was awarded by the California Energy Commission and Southern California Gas Company (SoCalGas) research and development funds authorized by the California Public Utilities Commission. "SoCalGas is pleased to support the development of this novel heat pump technology, which will be especially beneficial for the foodservice industry," said Yuri Freedman, senior director of business development at SoCalGas. "This single system, efficiently and with very low NOx emissions, provides hot water for washing dishes and air conditioning to cool off warm kitchens and leads to increased energy bill savings." Unlike other electrically-driven heat pump systems that use environmentally damaging hydrofluorocarbons, the new heat pump's ammonia/water refrigerant has zero ozone depletion and zero global warming potential. It was recently certified as Ultra-Low NOx per South Coast Air Quality Management District requirements. SoCalGas has been a leader in the research and development of new technologies that increase energy efficiency, reduce air pollution and greenhouse gas emissions, and keeps bills affordable for customers. In the last five years alone, SoCalGas energy efficiency programs have saved more than 146 million therms, enough to power 326,000 households a year, and have reduced emissions by an amount equivalent to taking 165,000 passenger cars off the road. SoCalGas' vision is to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to its customers. Earlier this month, SoCalGas announced a bold plan to replace 20 percent of its traditional natural gas supply with renewable natural gas by 2030. "The Energy Commission is proud to work with researchers throughout the state and invest in innovative technologies that can help lower energy costs for ratepayers while reducing greenhouse gas emissions," said Laurie ten Hope, deputy director of the Energy Commission's Energy Research and Development Division. "With nearly 90,000 restaurants in California, this emerging product could enable the proliferation of Zero Net Energy Restaurants," said Paul Glanville of GTI and principal investigator of the project. "We are fortunate to have an exceptional team on this project, with active support from our manufacturing partners, our research partners, a very capable installation contractor, and two great host sites, and we look forward to measuring system performance in the field." SMTI will continue to pursue efforts to commercialize this water heating and space cooling unit after the demonstrations have been completed and the results analyzed. "Already, we have strong interest from major manufacturers of HVAC equipment who would buy the core part of the technology from us, and then finish it into final products," said Michael Garrabrant, president of SMTI. "By offering Thermal Compressors for sale, our business model is to leverage the strengths of existing original equipment manufacturers and to help them quickly and easily get to market with a new and highly efficient heating technology offering for their customers." About the California Energy CommissionThe California Energy Commission is the state's primary energy policy and planning agency. It has seven core responsibilities: advancing state energy policy, encouraging energy efficiency, certifying thermal power plants, investing in energy innovation, developing renewable energy, transforming transportation, and preparing for energy emergencies. About GTI GTI is a leading research, development, and training organization that has been addressing global energy and environmental challenges by developing technology-based solutions for consumers, industry, and government for more than 75 years. www.gti.energy About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . About Stone Mountain Technologies, Inc.Based in Johnson City, Tennessee, SMTI has been developing and perfecting a cost-effective and scalable design for Thermally-Driven Heat Pumps since 2009. The approach re-configures an age-old thermodynamic cycle into high-efficiency replacement products for furnaces, boilers, and hot-water heaters in homes and light commercial buildings. The company is commercializing several HVAC products with OEM partners, and also significant support from utilities and other energy efficiency stakeholders. SMTI's approach offers the most economically practical method to decarbonize building heat loads on a large scale, a major source of green-house gases and other pollutants. More information at www.StoneMountainTechnologies.com and on LinkedIn at www.linkedin.com/company/stone-mountain-technologies-inc./ SOURCE Southern California Gas Company
Sempra Energy Announces Intention To Appoint C.J. Warner To Board of Directors
SAN DIEGO, March 11, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it intends to appoint Cynthia (C.J.) Warner to the company's board of directors in June 2019. Warner is president and CEO, and on the board of directors, of Renewable Energy Group, a U.S. producer of biofuels. She has more than 35 years of experience in the global energy industry, serving in prior executive leadership roles with Andeavor (formerly Tesoro Corporation), Sapphire Energy and British Petroleum (BP). "Our strategic mission is to become North America's premier energy infrastructure company," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "With C.J.'s considerable management experience in the international oil and natural gas industry, she will add critical global energy experience to our board as we look to become a leader in our industry in electric and natural gas infrastructure, including the development of vital export infrastructure for liquified natural gas." Warner, 60, has served in her current role with Renewable Energy Group since January 2019. Prior to joining Renewable Energy Group, she served as executive vice president, operations for Andeavor, an integrated marketing, logistics and refining company, and as executive vice president, strategy and business development for Andeavor. Before joining Andeavor, Warner served as president, chief executive officer and chairman of the board of Sapphire Energy, a biofuels company. Prior to Sapphire Energy, Warner served as group vice president of global refining and group vice president of health, safety, security, environmental and technology for BP. Warner serves as a member of the board of directors for IDEX Corporation and serves as a member of the National Petroleum Council. Sempra Energy's mission is to become North America's premier energy infrastructure company. With 2018 revenues of more than $11.6 billion, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees are focused on delivering energy with purpose to approximately 40 million consumers worldwide. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, social responsibility and investment value, and is a member of the Dow Jones Utility Index. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or when we discuss our guidance, strategy, plans, goals, vision, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the greater degree and prevalence of wildfires in California in recent years and the risk that we may be found liable for damages regardless of fault, such as where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; actions and the timing of actions, including decisions, new regulations and issuances of authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Los Angeles County Department of Public Health, U.S. Environmental Protection Agency, Federal Energy Regulatory Commission, Pipeline and Hazardous Materials Safety Administration, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; the success of business development efforts, construction projects, major acquisitions, divestitures and internal structural changes, including risks in (i) obtaining or maintaining authorizations; (ii) completing construction projects on schedule and budget; (iii) obtaining the consent of partners; (iv) counterparties' ability to fulfill contractual commitments; (v) winning competitively bid infrastructure projects; (vi) disruption caused by the announcement of contemplated acquisitions and/or divestitures or internal structural changes; (vii) the ability to complete contemplated acquisitions and/or divestitures; and (viii) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation and regulatory investigations and proceedings; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements; delays in, or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; actions of activist shareholders, which could impact the market price of our securities and disrupt our operations as a result of, among other things, requiring significant time by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit; and volatility in currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of recent federal tax reform and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; expropriation of assets by foreign governments and title and other property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability of electric transmission and distribution systems due to the growth in distributed and local power generation and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation and the potential risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory capital requirements and other regulatory and governance commitments, including the determination by a majority of Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas’ Kristine Scott Recognized as a “Woman of the Year” by Assemblymember James C. Ramos
LOS ANGELES, March 11, 2019 – Southern California Gas Co. (SoCalGas) today announced its San Bernardino County public affairs manager Kristine Scott has been named a “Woman of the Year” by California State Assemblyman James C. Ramos, 40 th district for her work serving businesses and community organizations in the Inland Empire in her role as an elected councilmember. Photos of Kristine Scott and Assemblymember James C. Ramos are available here. “I am grateful for this honor, which comes as quite a surprise. This award motivates me even more to continue the much-needed work in our shared region,” said Councilmember Scott. “I would like to thank Assemblymember Ramos for this award and for all of his work in bettering our region. Additionally, I’m proud to work for a company like SoCalGas, which encourages its employees to give back to the community and believes that we don’t succeed as a business unless the communities we serve do as well.” Assemblymember James Ramos represents the 40th Assembly district which includes Highland, Loma Linda, Mentone, Rancho Cucamonga, Redlands, and San Bernardino. “I am pleased to recognize Councilmember Scott for her dedication and commitment to the Inland Empire,” said Assemblymember Ramos. “Her outstanding leadership on several business and community organizations should be celebrated and emulated by our future young leaders. I look forward to seeing what she accomplishes on the Rancho Cucamonga City Council.” In November 2018, Scott was elected as Rancho Cucamonga Councilmember to help make decisions for the community, improve existing services, develop policies and anticipate future needs of the community. Scott is an experienced public affairs manager with SoCalGas serving as the point of contact for communities in San Bernardino to educate customers and stakeholders about activities, programs and services, responding to customer and local media inquiries and resolving customer complaints. Scott serves on several business and community organizations such as past Chair of Inland Action, Secretary of Boys and Girls Club of Greater Redlands-Riverside, Secretary for The Greater Ontario Business Council, Board Member of the San Bernardino Valley College Foundation, Member of the San Bernardino County Sheriff’s Information Exchange Committee, and on the Advisory Board of 4 Purple Hearts. Scott is a graduate of California State University, Fullerton with a bachelor’s degree in communications specializing in public relations and a minor in American Studies. She is also an alumnus of California Connections, a statewide, issues-based, learning leadership fellowship through the Southern California Leadership Network and the Inland Empire Economic Partnership Regional Leadership Academy. Scott was honored at an award ceremony celebrating National Women's History Month with elected officials, business and community leaders from throughout the Inland Empire on March 4. She was nominated for the award by other community philanthropists and volunteers in the community. SoCalGas applauds its employees who give back to the communities the company serves. The company itself also contributes to those communities. In 2018 it invested more than $7 million in nearly 1,000 educational, environmental and community organizations across its service territory. Learn more about SoCalGas’ giving here. # # # About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas’ vision is to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply 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 natural gas system infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its natural gas system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook .
SoCalGas Announces Vision to Be Cleanest Natural Gas Utility in North America
LOS ANGELES, March 6, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced a bold plan to replace 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Today's announcement is part of SoCalGas' vision to be the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to its customers. To kickstart the plan, SoCalGas will pursue regulatory authority to implement a broad renewable natural gas procurement program with a goal of replacing five percent of its natural gas supply with RNG by 2022. SoCalGas also recently filed a request with the California Public Utilities Commission (CPUC) to allow customers to purchase renewable natural gas for their homes. SoCalGas aims to have CPUC approval of its voluntary program by the end of the year. Renewable natural gas is a clean fuel produced from our waste streams (i.e., sewers and food waste, as well as dairy and agriculture waste) and can be used like traditional natural gas to heat homes and businesses, for cooking, and to fuel trucks and buses. RNG reduces GHG emissions because it can take more GHG emissions out of the air than it emits as an energy source. In 2016, Governor Brown signed legislation to reduce short-lived climate pollutants, including methane from organic sources. The law requires 40 percent of methane from sewage treatment plants, landfills and agriculture to be captured, with provisions for energy delivery to customers. SoCalGas' commitment to develop RNG is part of a broader, integrated vision for the future of clean energy that keeps energy affordable, expands consumer choice, and develops long-term and seasonal renewable energy storage using existing infrastructure. "Our vision is to become the cleanest natural gas utility in North America, delivering affordable and increasingly renewable energy to our customers," said Bret Lane, SoCalGas' chief executive officer. "Californians deserve clean, safe, and reliable energy that every family can afford. Today's announcement is an important step toward delivering a clean energy future that works for every family and business in our state." "We applaud SoCalGas' commitment to have 5 percent of their supplies be renewable natural gas by 2022. Our campuses currently rely on gas-fired power plants to keep the lights on," said David Phillips, associate vice president of energy and sustainability of the University of California's Office of the President. "Decarbonizing our gas supplies can be an effective strategy to lower our greenhouse gas emissions. Widely available renewable natural gas will bring us and the rest of California closer to carbon-neutrality." "What a great goal! California needs more renewable energy, and we need all the renewable natural gas we can put into the pipeline. We welcome SoCalGas' announcement and look forward to the day renewable natural gas is available to all customers," said Joe Lyou, president and chief executive officer of the Coalition for Clean Air. "SoCalGas is taking a bold step in the fight against climate change," said Maria Salinas, president and chief executive officer of the Los Angeles Area Chamber of Commerce. "Businesses are often looking for ways to be both cost efficient and environmentally responsible. SoCalGas strikes the right balance with their vision for 2030, becoming the largest and cleanest natural gas utility in the country and helping Los Angeles continue to be a leader in environmental standards." " California has a population of 40 million people, converting the waste we produce into clean energy for use in our homes and businesses is necessary if we are going to achieve a carbon-neutral economy by 2045," said Dr. Matt Rahn of Cal State San Marcos, Environmental Leadership Institute. "Creating a balanced energy portfolio that includes renewable natural gas will help meet the state's climate goals." " Tulare County is in a vital position to produce renewable natural gas from one of our largest industries, dairy," said Paul Saldana, president and chief executive officer of the Tulare County EDC. "We are proud to be part of the solution to climate change in California." "SoCalGas continues to demonstrate great leadership with their goal to be the cleanest natural gas utility in the country," said Alicia Berhow, Senior Vice President of Government Affairs of OCBC. "Ensuring renewable natural gas is available to customers will help preserve consumer choice and provide affordable, and increasingly renewable energy to homes and businesses." SUFFICIENT RNG SUPPLIES TO ACCELERATE DEVELOPMENT With a commitment to replace 20 percent of its traditional natural gas supply with RNG, SoCalGas aims to accelerate the development of in-state renewable gas projects and achieve significant emissions reductions. Today more than 80 percent of methane emissions in California come from agriculture, dairies, wastewater treatment plants and other organic sources. A 2016 study by the University of California, Davis calculated that California has the potential to produce nearly 100 billion cubic feet (bcf) per year of renewable natural gas. This would be enough to meet the annual natural gas needs of around 2.3 million California homes. In addition, out-of-state sources of RNG are significant and growing. According to the U.S. Department of Energy, the U.S. currently produces 1 trillion cubic feet of renewable natural gas every year, and that number is expected to increase to 10 trillion by 2030. RNG IS ALREADY HELPING CALIFORNIA MEET ITS CLIMATE GOALS SoCalGas has been working to accelerate the further development of RNG projects in California. In 2018, renewable natural gas produced in the state began flowing into SoCalGas pipelines for the first time, from an anaerobic digester built and operated by waste hauling company CR&R. CR&R's facility produces renewable natural gas using organic waste collected in Southern California cities' green waste bins and already fuels 400 of their collection trucks. In January 2019, Calgren, a biofuel producer, began flowing renewable natural gas into the SoCalGas system from a dairy digester pipeline cluster. The facility will eventually collect biogas from anaerobic digesters at 12 Tulare County dairies, preventing about 130,000 tons of greenhouse gas from entering the atmosphere each year, the equivalent of taking more than 25,000 passenger cars off the road for a year. Today, there are some 24 California dairy methane capture projects either operating or in development, and experts estimate there could be as many as 120 projects funded and operating in the next five years. In addition, as the state seeks to divert organic waste from landfills and capture emissions from wastewater treatment plants, more locally produced renewable natural gas will become available. For more information on RNG's visit https://www.socalgas.com/smart-energy/renewable-gas About SoCalGasHeadquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, vision, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, California Air Resources Board, South Coast Air Quality Management District, Los Angeles County Department of Public Health, states, cities and counties, and other regulatory and governmental bodies in the U.S.; the timing and success of business development efforts and construction projects, including risks in (i) timely obtaining or maintaining permits and other authorizations, (ii) completing construction projects on schedule and on budget, and (iii) counterparties being unable fulfill contractual commitments; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements or modifications of settlements; delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability, any of which may raise our cost of capital and materially impair our ability to finance our operations; the availability of electric power and natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases and harmful emissions, and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; and fluctuations in inflation and interest rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Southern California Gas Company
SoCalGas Offers Assistance to Local Fleet Owners Seeking to Purchase New Near-Zero Emissions Natural Gas Trucks
LOS ANGELES, March 5, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the company's latest efforts to help California fleets obtain funding for the purchase of new near-zero emissions heavy-duty natural gas trucks. Beginning March 5, fleets operating within the South Coast Air Quality Management District (SCAQMD) are eligible to apply for incentive funding to replace diesel trucks with new near-zero emissions natural gas trucks through the Carl Moyer Program. Fleet owners whose applications are accepted will receive up to $100,000 towards the purchase of the new trucks. The program grant is competitive, which means funds are distributed on a rolling basis until all money is awarded. According to the SCAQMD, almost 8,000 tons of NOx (smog-forming emissions) and more than 232 tons of particulate matter have been reduced each year with the air district as the result of the Carl Moyer Program. Last year, the Carl Moyer Program was expanded to include infrastructure projects such as fueling and charging stations and SoCalGas representatives are available to assist with applications for compressed natural gas (CNG) fueling stations in addition to applications for new trucks. In 2018, SoCalGas customers received more than $1.4 million to build three new CNG stations thanks to the Carl Moyer Program. The expansion of CNG stations across the state is a crucial step in the transition to near-zero natural gas trucks. SoCalGas customers received funding for 116 new near-zero natural gas trucks through the Carl Moyer Program in 2018. In the last two years customers have received funding to replace more than 250 diesel trucks with grants from all of California's incentive funding programs. "Incentive programs like the Carl Moyer Program are vital tools to help California reduce emissions and can help the state reach its established climate goals," said Sharon Tomkins, vice president of customers solutions and strategy for SoCalGas. "Studies show that replacing 250 diesel trucks with new, near-zero emissions natural gas trucks is the equivalent of removing more than 13,000 passenger cars from the road." The transportation sector is responsible for about 40 percent of California's greenhouse gas (GHG) emissions and more than 80 percent of the state's NOx, or smog-forming, emissions. Transportation is the only sector that saw an increase in GHG emissions in the last year. These new heavy-duty natural gas trucks cut smog-forming emissions by more than 90 percent compared to the cleanest heavy-duty diesel trucks on the road today. When these ultra-low emission natural gas trucks are fueled by renewable natural gas, greenhouse gas emissions are reduced by at least 80 percent. Already, close to 70 percent of natural gas fleets in California are fueled with renewable natural gas. SoCalGas recently announced that renewable natural gas will soon be available at its utility-owed fueling stations. The Cummins-Westport near-zero 12-liter natural gas engine is the only heavy-duty engine in the category to not only meet, but exceed, the California Air Resources Board's cleanest optional low-NOx standard of 0.02 g/bhp-hr. Results from a recent study conducted by the University of California, Riverside helps to understand one reason replacing these diesel trucks is so important. The study showed that NOx emissions from diesel trucks are "actually much higher" than California Air Resources Board certification standards. The study cited poor performance of after treatment systems for diesel vehicles as the main reason. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company
Traffic Advisory: SoCalGas to Begin Pipeline Inspection Project in Visalia Beginning March 4
WHAT: SoCalGas will be performing a safety inspection on a natural gas pipeline along E. Race Avenue in Visalia starting March 4. To perform the pipeline work safely, the westbound travel lane on E. Race Avenue between N. Court Street and N. Church street will be reduced during work hours. The southbound travel lane on N. Tipton Street between E. Race Avenue and E. Murray Avenue will also be reduced during work hours. Traffic signs will be posted to help direct the flow of traffic. No interruption to natural gas service is anticipated. Customers may smell the odor of natural gas. Although this is normal when crews are working, SoCalGas encourages anyone who smells gas to call us at 1-800-427-2200 . SoCalGas is available 24 hours a day, seven days a week. WHERE: E. Race Avenue between N. Court Street and N. Church Street, as shown in this link. N. Tipton Street between E. Race Avenue and E. Murray Avenue, as shown in this link. WHEN: Work hours are from 7:00 a.m. to 7:00 p.m., Monday through Friday, beginning March 4, 2019. Crews are expected to work on the natural gas pipeline for approximately six weeks, weather and other conditions permitting.
SoCalGas Seeks to Offer Renewable Natural Gas to Customers
LOS ANGELES, Feb. 28, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it has filed a request with the California Public Utilities Commission seeking to offer renewable natural gas to its 21 million customers in Central and Southern California. Renewable natural gas is a fuel produced from waste and agriculture that can be used to heat homes and businesses, for cooking, and to fuel trucks and buses. The fuel assists in helping California reduce its greenhouse gas (GHG) emissions because it is carbon-neutral or carbon-negative, meaning that it can take more GHG emissions out of the air than it emits as an energy source. Under the proposed program, millions of Californians would have the option to purchase a portion of their natural gas from renewable sources, just as many today can opt to purchase renewable electricity. The program is expected to create increased demand for renewable natural gas, which should help increase supply and lower its cost over time, similar to what has happened with renewable electricity created from wind and solar power. Photos of renewable natural gas projects in California are available here. "Renewable natural gas is an important component in California's efforts to reduce GHG emissions," said Sharon Tomkins, SoCalGas vice president of customer solutions and strategy. "Using renewable natural gas in homes and commercial buildings will cut greenhouse gas emissions just as much as mandating all-electric appliances, but 2 to 3 times more cost-effectively. This solution not only preserves consumer choice, it can achieve climate goals at a lower cost." As California seeks to reduce GHG emissions from homes and commercial buildings, renewable natural gas has emerged as a viable and cost-effective solution. A study last year showed that replacing less than 20 percent of SoCalGas' traditional natural gas supply with renewable natural gas by 2030 can achieve the same greenhouse gas reductions as converting all homes and commercial buildings to electric-only energy. That same study also found that using a mix of both in- and out-of-state renewable gas resources is up to 2 to 3 times more cost effective in reducing greenhouse gases than an electrification scenario. A 2016 study by the University of California, Davis calculated that California has the potential to produce approximately 90.6 billion cubic feet (bcf) per year of renewable natural gas from dairy, landfill, municipal solid waste, and wastewater treatment plant sources alone. This would be enough to meet the annual natural gas needs of around 2.3 million California homes. In addition, out-of-state sources of renewable natural gas are significant and growing. According to the U.S. Department of Energy the U.S. currently produces 1 trillion cubic feet of renewable natural gas every year, and that number is expected to increase to 10 trillion by 2030. Using even a portion of this renewable fuel would meet the needs of millions more Californians. Renewable Natural Gas Program DetailsIf approved, the renewable natural gas program will be available to nearly all SoCalGas core residential and small commercial and industrial customers. Residential customers will be able to have some of their natural gas delivered from renewable sources, choosing from several set dollar amounts to be provided from renewable natural gas supplies. Commercial customers will be able to have all of their natural gas come from renewable sources or select from a series of set dollar amounts or a percentage of their total gas use. Each month, participating customers would see a line item on their bill that includes the amount of renewable gas they received, along with a very small program fee. To allow the utilities to enter into the longer-term contracts necessary to purchase renewable natural gas, residential customers will have to commit to one year. After one year, they would have the option to change their dollar amount or could participate on a month-to-month basis. As customers opt to purchase renewable natural gas, SoCalGas will buy the renewable gas from producers and reduce the amount of fossil gas that is brought into their pipeline systems. As renewable natural gas enters the SoCalGas pipeline system, its molecules blend together with traditional natural gas and cannot be separated or filtered by source, just like solar and wind electrons on the electric grid. Every additional therm of this renewable fuel that is purchased means one less therm of traditional natural gas is used. Renewable fuel will be displacing fossil gas and helping build the market for more renewable natural gas. SoCalGas hopes to offer the program beginning in 2020 if regulators at the California Public Utilities Commission approve the proposal. Customers who support being able to purchase a portion of their gas from renewable sources and increase their use of green energy should express their support by contacting the Public Utilities Commission Public Advisor at 1 (877) 849-8390 or public.advisor@cpuc.ca.gov. Increasing Demand will Encourage Further Production of More Renewable Fuel California has the potential to produce more than 90 billion cubic feet of renewable natural gas per year from waste sources, enough to meet the natural gas needs of around 2.3 million California homes. SoCalGas has been bringing renewable natural gas into its pipeline system from out of state since about 2013, in large part because using the renewable fuel in vehicles is supported by the state's Low Carbon Fuel Standard, a program designed to reduce greenhouse gas and air pollution from the transportation sector. In 2018, renewable natural gas produced in California began flowing into SoCalGas pipelines for the first time, from an anaerobic digester built and operated by waste hauling company CR&R. CR&R's facility produces renewable natural gas using organic waste collected in Southern California cities' green waste bins. In February 2019, SoCalGas announced that renewable natural gas was flowing into its system from a dairy digester pipeline cluster run by biofuel producer Calgren. The Calgren facility will eventually collect biogas from anaerobic digesters at 12 Tulare County dairies. Those digesters will capture and process manure from more than 75,000 cows, preventing about 130,000 tons of greenhouse gas from entering the atmosphere each year, the equivalent of taking more than 25,000 passenger cars off the road for a year. Today, there are already 24 California dairy methane capture projects either operating or in development, and experts estimate there could be as many as 120 projects funded and operating in next five years. In addition, as the state seeks to divert organic waste from landfills and capture emissions from wastewater treatment plants, more and more renewable natural gas will become available. Consumer polls support the increased production and use of renewable natural gas. Research shows nine out of 10 California families use natural gas in their homes. A recent California Building Industry Association survey of California voters found that only 10 percent of voters would consider purchasing an all-electric home and 80 percent oppose laws that would take away their natural gas appliances. Renewable natural gas is complementary to other renewable energy sources like solar and wind, since it is available day and night to make the entire energy system cleaner and more reliable. This renewable fuel has already begun to clean the air and reduce greenhouse gas emissions in California's transportation sector, which accounts for more than 80 percent of smog forming emissions and about 40 percent of greenhouse gas emissions in the state. Proposal Has Broad SupportMany organizations and businesses have voiced support for the renewable natural gas proposal, including environmental groups, businesses, and universities. A list of supporters may be found here. "The University of California supports the SoCalGas proposal to offer customers renewable natural gas," said David Phillips, associate vice president of energy and sustainability of the University of California's Office of the President. "UC is committed to carbon neutrality and has been working to develop our own renewable gas supply projects. New programs like this proposal are necessary to create a robust and cost-effective commercial market for renewable natural gas in California." "Renewable natural gas (RNG) is an important alternate fuel with significant greenhouse gas and air quality benefits," said Arun Raju, director of the Center for Renewable Natural Gas at the University of California, Riverside. "RNG, like most other renewable fuels, is more expensive than fossil fuels due to a number of factors. With proper policy support, the costs will very likely decrease over time as more projects are developed and technology keeps maturing. SoCalGas' proposed initiative is an excellent way to support RNG, and similar approaches have worked for other renewable resources and in other jurisdictions. This approach also gives individuals and organizations a unique opportunity to support a clean, renewable fuel and combat climate change." "This is smart policy and is wholly aligned with California's goal of achieving net zero emissions by 2045," said Jonathan Parfrey, executive director of Climate Resolve, a Los Angeles-based environmental non-profit. "SoCalGas' program is a practical way for households, businesses, even entire cities, to achieve carbon neutral goals." "Renewable natural gas is the lowest-carbon fuel available -- in fact the California Air Resources Board verified it is net-carbon negative over its lifecycle, when food waste or manure are the feedstocks," said Matt Tomich, president of the non-profit Energy Vision. "RNG is 'pipeline grade' so it can reach its markets through the same pipelines used to transport fossil gas. It's one of the most powerful decarbonization tools there is, and California's and SoCalGas's leadership in scaling it up has important national impact." For more information on renewable natural gas, go to: socalgas.com/smart-energy About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook . SOURCE Southern California Gas Company
Supporters of SoCalGas Proposal to Offer Renewable Natural Gas to Customers
David Phillips, Associate Vice President of Energy and Sustainability of the University of California’s Office of the President Arun Raju, Director of the Center for Renewable Natural Gas at the University of California Riverside Jonathan Parfrey, Executive Director of Climate Resolve, a Los Angeles-based environmental non-profit Matt Tomich, President of Energy Vision, an environmental non-profit based in New York City Grace Adams, Executive Director, Bolsa Chica Conservancy, an environmental non-profit based in Huntington Beach Gary Clifford II, Executive Vice President, Athens Services, a waste-hauling company based in Los Angeles David Perez, principal of Valley Vista Services, an L.A.-area waste and recycling collection and processing business Evan Creelman, Chief Operating Officer, Newlight Technologies, Inc., a carbon capture technology company based in Huntington Beach Ronald Stein, Founder and Ambassador for Energy & Infrastructure at PTS Advance, a workforce utilization company based in Irvine Robert Taylor, Executive Director, Commerce Industrial Council Alicia Berhow, Senior Vice President of Government Affairs for the Orange County Business Council Paul Little, President and Chief Executive Officer, Pasadena Chamber of Commerce Sharon Gibbs, Chief Executive Officer, Alhambra Chamber of Commerce Ken Rausch, Chief Executive Office, El Monte/South El Monte Chamber of Commerce Anthony Duarte, Chief Executive Officer, Regional Chamber of Commerce San Gabriel Valley Ani Minasian, President/CEO, Montebello Chamber of Commerce Deborah Villar, Chief Executive Officer, Via Care Community Health Center Gene Hale, Chairman, Greater Los Angeles African American Chamber of Commerce (GLAAACC) Tracy Stanhoff, President and Creative Director, AD PRO; Former Tribal Chair, Prairie Band Potawatomi Nation; President, American Indian Chamber of Commerce of CA Kim May Yamasaki, Executive Director, Center for Asian Americans United for Self Empowerment Richard D. Chapman, President and CEO, Kern Economic Development Corporation Gary Passmore, President, Congres of California Seniors Hannah Riches, Director of Finance, The Langham Huntington, Pasadena Lisa Baca, Executive Director, California Latino Leadership Institute Paul M. Saldana, President and CEO, Tulare County Economic Development Corporation Adam Livingston, Director of Planning and Policy, Sequoia Riverlands Trust Benjamin Wu, Plant Manager, American Jerky Company William R. Manis, President and CEO, San Gabriel Valley Economic Partnership Theresa Harvey, President and CEO, North Orange County Chamber Andrea Ostenso, Sustainable Cities Associate, Global Green Kami Grosvenor, President and CEO, Inland Valley Hope Partners Samuel Robinson, Energy Program Manager, Eastern Municipal Water District
Sempra Energy's 2018 Earnings Rise On Strong Operating Results
SAN DIEGO, Feb. 26, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today reported its 2018 full-year earnings increased to $924 million, or $3.42 per diluted share, from $256 million, or $1.01 per diluted share, in 2017. On an adjusted basis, the company's 2018 earnings were $1.5 billion, or $5.57 per diluted share, up from $1.37 billion, or $5.42 per diluted share, in 2017. "Our strong 2018 operational and financial results confirm that we're on track to fulfill our mission to become North America's premier energy infrastructure company," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Over the past year, we made significant strides in all aspects of our business. We expanded our Texas regulated utility platform with the acquisition of our majority interest in Oncor. Also, we delivered outstanding safety, reliability and customer service at our California utilities, while advancing our role in North America's liquefied natural gas (LNG) export market. Moreover, we executed our strategy to realign our portfolio to support our core mission. These results are a testament to our team's ability to deliver value to our owners." In the fourth quarter 2018, Sempra Energy reported earnings of $864 million, or $3.03 per diluted share, compared with a loss of $501 million, or $1.99 per diluted share, in 2017. Sempra Energy's adjusted earnings in the fourth quarter 2018 increased to $431 million, or $1.56 per diluted share, from $389 million, or $1.54 per diluted share in 2017. These financial results reflect certain significant items, as described on an after-tax basis in the following table of GAAP earnings reconciled to adjusted earnings for the fourth quarter and full year 2018 and 2017. Three months ended Years ended Dec. 31 Dec. 31 (Dollars, except earnings per share, and shares, in millions) 2018 2017 2018 2017 (Unaudited) GAAP Earnings (Losses) (1) $ 864 $ (501) $ 924 $ 256 Gain on Sale of Certain Sempra Renewables Assets (367) - (367) - Impairment of Investment in RBS Sempra Commodities - - 65 - (Adjustment)/Impairment of Non-Utility U.S. Natural Gas Storage Assets (126) - 629 - Impairment of U.S. Wind Equity Method Investments - - 145 - Impacts Associated With Aliso Canyon Litigation - 20 22 20 Impact From Tax Cuts and Jobs Act of 2017 60 870 85 870 Write-Off of Wildfire Regulatory Asset - - - 208 Adjustments Related to Termoeléctrica de Mexicali (TdM) Held for Sale - - - 42 Recoveries Related to Permanent Releases of Pipeline Capacity - - - (28) Adjusted Earnings (1) $ 431 $ 389 $ 1,503 $ 1,368 GAAP Diluted Weighted-Average Shares Outstanding 296 252 270 252 GAAP Earnings (Losses) per Diluted Share (1) $ 3.03 (2) $ (1.99) $ 3.42 $ 1.01 Adjusted Diluted Weighted-Average Shares Outstanding (1) 276 253 270 252 Adjusted Earnings per Diluted Share (1) $ 1.56 $ 1.54 $ 5.57 $ 5.42 1) Attributable to common shares. Sempra Energy adjusted earnings and adjusted earnings per share are non-GAAP financial measures. See Table A for information regarding non-GAAP financial measures and descriptions of adjustments above. 2) Due to the dilutive effect of the mandatory convertible preferred stock for GAAP earnings, the numerator used to calculate GAAP earnings per share includes an add-back of $36 million of mandatory preferred stock dividends declared in the quarter. Last week, Sempra Energy's board of directors approved an approximate 8-percent increase in the company's dividend to $3.87 per common share from $3.58 per common share, on an annualized basis. This marks the ninth consecutive year that the company has raised its common dividend. OPERATING HIGHLIGHTS In 2018, Sempra Energy achieved several significant milestones in advancing its mission to become North America's premier energy infrastructure company. Earlier this month, Sempra Energy announced an agreement to complete the divestiture of its U.S. renewables business by selling its remaining wind operating and development assets. When complete, the sales of the company's U.S. solar, wind and non-utility natural gas storage assets are expected to generate approximately $2.5 billion in cash proceeds for Sempra Energy. The proceeds will be used to support Sempra Energy's focus on North America and strengthen its balance sheet. Additionally, in January, Sempra Energy announced that it would sell its equity interests in its South American businesses, including Luz del Sur S.A.A. in Peru and Chilquinta Energía S.A. in Chile. While Luz del Sur and Chilquinta Energía have made significant contributions to Sempra Energy over the past two decades and offer exciting future growth opportunities, the planned sale supports Sempra Energy's refocusing of capital investments in North America. Sempra Energy will launch the formal sale process in March. Sempra Energy also announced several LNG agreements with commercial parties in the fourth quarter 2018 with respect to the company's LNG facilities in development: Port Arthur LNG in Jefferson County, Texas; Cameron LNG Phase 2 in Hackberry, La.; and Energía Costa Azul LNG Phases 1 and 2 in Mexico. The agreements support Sempra Energy's goal to become one of the largest U.S. exporters of LNG, targeting the export of 45 million tons per annum to global markets. In November 2018, Cameron LNG initiated the commissioning process for the first of three liquefaction trains of Phase 1 of the project. Sempra Energy expects Cameron LNG to begin generating earnings in mid-2019. Last month, Sempra Energy was added to the Dow Jones Utility Average, a 15-stock, price-weighted index measuring the performance of some of the largest U.S. companies within the utilities sector. Stocks are selected for the index based on reputation, demonstration of sustained financial growth and interest to a large number of investors. Additionally, in 2018, the Wall Street Journal ranked Sempra Energy as the top company in the utility sector in the Journal's first "Management Top 250" list. 2019 EARNINGS GUIDANCE Sempra Energy today affirmed its 2019 adjusted earnings-per-share guidance range of $5.70 to $6.30. NON-GAAP FINANCIAL MEASURES Non-GAAP financial measures for Sempra Energy include fourth-quarter and full-year 2018 and 2017 adjusted earnings and adjusted earnings per share and 2019 adjusted earnings-per-share guidance. Additional information regarding these non-GAAP financial measures is in the appendix on Table A of the fourth-quarter 2018 financial tables. INTERNET BROADCAST Sempra Energy will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. ET with senior management of the company. Access is available by logging onto the website at www.sempra.com. For those unable to log onto the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 2787825. Sempra Energy's mission is to become North America's premier energy infrastructure company. With 2018 revenues of more than $11.5 billion, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees are focused on delivering energy with purpose to approximately 40 million consumers worldwide. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, social responsibility and investment value. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or when we discuss our guidance, strategy, plans, goals, vision, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the greater degree and prevalence of wildfires in California in recent years and the risk that we may be found liable for damages regardless of fault, such as where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; actions and the timing of actions, including decisions, new regulations and issuances of authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; the success of business development efforts, construction projects, major acquisitions, divestitures and internal structural changes, including risks in (i) obtaining or maintaining authorizations; (ii) completing construction projects on schedule and budget; (iii) obtaining the consent of partners; (iv) counterparties' ability to fulfill contractual commitments; (v) winning competitively bid infrastructure projects; (vi) disruption caused by the announcement of contemplated acquisitions and/or divestitures or internal structural changes; (vii) the ability to complete contemplated acquisitions and/or divestitures; and (viii) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation and regulatory investigations and proceedings; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements; delays in, or denial of, regulatory agency authorizations to recover costs in rates from customers or regulatory agency approval for projects required to enhance safety and reliability; and moves to reduce or eliminate reliance on natural gas; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; risks posed by actions of third parties who control the operations of our investments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; actions of activist shareholders, which could impact the market price of our securities and disrupt our operations as a result of, among other things, requiring significant time by management and our board of directors; changes in capital markets, energy markets and economic conditions, including the availability of credit; and volatility in currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; the impact of recent federal tax reform and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; expropriation of assets by foreign governments and title and other property disputes; the impact at San Diego Gas & Electric (SDG&E) on competitive customer rates and reliability of electric transmission and distribution systems due to the growth in distributed and local power generation and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation and the potential risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory capital requirements and other regulatory and governance commitments, including the determination by a majority of Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SEMPRA ENERGY Table A CONSOLIDATED STATEMENTS OF OPERATIONS Three months endedDecember 31, Years endedDecember 31, (Dollars in millions, except per share amounts; shares in thousands) 2018 2017 (1) 2018 2017 (1) (unaudited) REVENUES Utilities $ 2,798 $ 2,604 $ 10,046 $ 9,776 Energy-related businesses 423 360 1,641 1,431 Total revenues 3,221 2,964 11,687 11,207 EXPENSES AND OTHER INCOME Utilities: Cost of electric fuel and purchased power (545) (551) (2,323) (2,281) Cost of natural gas (426) (287) (1,208) (1,190) Energy-related businesses: Cost of natural gas, electric fuel and purchased power (98) (113) (355) (339) Other cost of sales (24) (19) (78) (24) Operation and maintenance (916) (868) (3,309) (3,096) Depreciation and amortization (391) (384) (1,549) (1,490) Franchise fees and other taxes (120) (111) (472) (436) Write-off of wildfire regulatory asset — — — (351) Impairment losses 182 — (1,122) (72) Gain on sale of assets 514 1 524 3 Other (expense) income, net (124) (89) 72 233 Interest income 28 20 104 46 Interest expense (240) (166) (925) (659) Income before income taxes and equity earnings of unconsolidated entities 1,061 397 1,046 1,551 Income tax expense (223) (898) (96) (1,276) Equity earnings 126 50 176 76 Net income (loss) 964 (451) 1,126 351 Earnings attributable to noncontrolling interests (64) (50) (76) (94) Mandatory convertible preferred stock dividends (36) — (125) — Preferred dividends of subsidiary — — (1) (1) Earnings (losses) attributable to common shares $ 864 $ (501) $ 924 $ 256 BASIC EARNINGS PER COMMON SHARE Numerator: Earnings (losses) attributable to common shares $ 864 $ (501) $ 924 $ 256 Denominator: Weighted-average shares outstanding, basic 274,331 251,902 268,072 251,545 Basic earnings (losses) per common share $ 3.15 $ (1.99) $ 3.45 $ 1.02 DILUTED EARNINGS PER COMMON SHARE Numerator: Earnings (losses) attributable to common shares $ 864 $ (501) $ 924 $ 256 Add back dividends for dilutive mandatory convertible preferred stock 36 N/A N/A N/A Total $ 900 $ (501) $ 924 $ 256 Denominator: Weighted-average shares outstanding, basic 274,331 251,902 268,072 251,545 Dilutive effect of stock options, RSAs and RSUs 905 — 919 755 Dilutive effect of common shares sold forward 994 — 861 — Dilutive effect of mandatory convertible preferred stock 20,199 — — — Weighted-average shares outstanding, diluted (2) 296,429 251,902 269,852 252,300 Diluted earnings (losses) per common share (2) $ 3.03 $ (1.99) $ 3.42 $ 1.01 (1) As adjusted for the retrospective adoption of Accounting Standards Update (ASU) 2017-07 and a reclassification to conform to current year presentation. (2) For the three months ended December 31, 2017, the total weighted-average potentially dilutive securities was 823 shares. However, these securities were not included in the computation of GAAP EPS since to do so would have decreased the loss per share. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY ADJUSTED EARNINGS TO SEMPRA ENERGY GAAP EARNINGS (LOSSES) (Unaudited) Sempra Energy Adjusted Earnings and Adjusted Earnings Per Common Share (Adjusted EPS) exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2018 and 2017 as follows: Three months ended December 31, 2018: $367 million gain on the sale of certain Sempra Renewables assets $126 million reduction in the impairment of certain non-utility natural gas storage assets in the southeast U.S. at Sempra LNG & Midstream $(60) million income tax expense in 2018 to adjust the Tax Cuts and Jobs Act of 2017 (TCJA) provisional amounts recorded in 2017 Three months ended December 31, 2017: $(870) million income tax expense from the impact of the TCJA $(20) million associated with Aliso Canyon litigation reserves at Southern California Gas Company (SoCalGas) Year ended December 31, 2018: $367 million gain on the sale of certain Sempra Renewables assets $(65) million impairment of RBS Sempra Commodities LLP (RBS Sempra Commodities) equity method investment at Parent and Other $(629) million impairment of certain non-utility natural gas storage assets at Sempra LNG & Midstream $(145) million other-than-temporary impairment of certain U.S. wind equity method investments at Sempra Renewables $(22) million impacts associated with Aliso Canyon natural gas storage facility litigation at SoCalGas $(85) million income tax expense in 2018 to adjust the TCJA provisional amounts recorded in 2017 Year ended December 31, 2017: $(870) million income tax expense from the impact of the TCJA $(208) million write-off of wildfire regulatory asset at San Diego Gas & Electric Company (SDG&E) $(47) million impairment of Termoeléctrica de Mexicali (TdM) assets that were held for sale until June 2018 at Sempra Mexico $(20) million associated with Aliso Canyon litigation reserves at SoCalGas $5 million deferred income tax benefit on the TdM assets that were held for sale $28 million of recoveries related to 2016 permanent releases of pipeline capacity at Sempra LNG & Midstream Sempra Energy Adjusted Earnings, Weighted-Average Shares Outstanding – Adjusted and Adjusted EPS are non-GAAP financial measures (GAAP represents accounting principles generally accepted in the United States of America). Because of the significance and/or nature of the excluded items, management believes that these non-GAAP financial measures provide a meaningful comparison of the performance of Sempra Energy's business operations from 2018 to 2017 and to future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra Energy GAAP Earnings (Losses), Weighted-Average Shares Outstanding – GAAP and GAAP Diluted Earnings (Losses) Per Common Share (GAAP EPS), which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA ENERGY Table A (Continued) Pretax amount Income tax expense (benefit) (1) Non-controlling interests Earnings Pretax amount Income tax expense (benefit) (1) Non-controlling interests (Losses) earnings (Dollars in millions, except per share amounts; shares in thousands) Three months ended December 31, 2018 Three months ended December 31, 2017 Sempra Energy GAAP Earnings (Losses) $ 864 $ (501) Excluded items: Gain on sale of certain Sempra Renewables assets $ (513) $ 146 $ — (367) $ — $ — $ — — Reduction of impairment of non-utility natural gas storage assets (183) 47 10 (126) — — — — Impact from the TCJA — 60 — 60 — 870 — 870 Aliso Canyon litigation reserves — — — — 20 — — 20 Sempra Energy Adjusted Earnings $ 431 $ 389 Diluted earnings (losses) per common share (2): Sempra Energy GAAP Earnings (Losses) $ 900 (3) $ (501) Weighted-average shares outstanding, diluted – GAAP 296,429 251,902 Sempra Energy GAAP EPS $ 3.03 (3) $ (1.99) Sempra Energy Adjusted Earnings $ 431 $ 389 Weighted-average shares outstanding, diluted – Adjusted 276,230 (4) 252,725 (5) Sempra Energy Adjusted EPS $ 1.56 (4) $ 1.54 (5) Year ended December 31, 2018 Year ended December 31, 2017 Sempra Energy GAAP Earnings $ 924 $ 256 Excluded items: Gain on sale of certain Sempra Renewables assets $ (513) $ 146 $ — (367) $ — $ — $ — — Impairment of investment in RBS Sempra Commodities 65 — — 65 — — — — Impairment of non-utility natural gas storage assets 1,117 (452) (36) 629 — — — — Impairment of U.S. wind equity method investments 200 (55) — 145 — — — — Impacts associated with Aliso Canyon litigation 1 21 — 22 — — — — Impact from the TCJA — 85 — 85 — 870 — 870 Write-off of wildfire regulatory asset — — — — 351 (143) — 208 Impairment of TdM assets held for sale — — — — 71 — (24) 47 Aliso Canyon litigation reserves — — — — 20 — — 20 Deferred income tax benefit associated with TdM — — — — — (8) 3 (5) Recoveries related to 2016 permanent release of pipeline capacity — — — — (47) 19 — (28) Sempra Energy Adjusted Earnings $ 1,503 $ 1,368 Diluted earnings per common share: Sempra Energy GAAP EPS $ 3.42 $ 1.01 Sempra Energy Adjusted EPS $ 5.57 $ 5.42 Weighted-average shares outstanding, diluted 269,852 252,300 (1) Except for adjustments that are solely income tax and tax related to outside basis differences, income taxes were primarily calculated based on applicable statutory tax rates. Income taxes associated with TdM were calculated based on the applicable statutory tax rate, including translation from historic to current exchange rates. An income tax benefit of $12 million associated with the 2017 TdM impairment has been fully reserved. (2) For the three months ended December 31, 2018, the assumed conversion of the mandatory convertible preferred stock is dilutive for GAAP earnings, but antidilutive for the lower adjusted earnings. (3) Due to the dilutive effect of the mandatory convertible preferred stock, the numerator used to calculate GAAP EPS includes an add-back of $36 million of mandatory convertible preferred stock dividends declared in that quarter. (4) Due to the antidilutive effect of the mandatory convertible preferred stock, the denominator used to calculate Adjusted EPS excludes 20,199 shares of mandatory convertible preferred stock. (5) The denominator used to calculate Adjusted EPS includes 823 shares of potentially dilutive securities, which were excluded from GAAP EPS because to include them would have decreased the loss per share. SEMPRA ENERGY Table A (Continued) SEMPRA ENERGY 2019 ADJUSTED EPS GUIDANCE RANGE (Unaudited) Sempra Energy 2019 Adjusted EPS Guidance Range of $5.70 to $6.30 excludes: an approximate $35 million after-tax (1) (approximately $50 million pretax) gain, plus working capital and other customary adjustments, related to our agreement to sell the remaining U.S. renewables assets and investments to American Electric Power any potential gain from the planned sale, as well as income tax expense related to an expected change in our indefinite reinvestment assertions, resulting from our decision in January 2019 to hold our South American businesses for sale Sempra Energy 2019 Adjusted EPS Guidance is a non-GAAP financial measure. Because of the significance and nature of the excluded items, management believes that this non-GAAP measure provides better clarity into the ongoing results of the business and the comparability of such results to prior and future periods. Sempra Energy 2019 Adjusted EPS Guidance should not be considered an alternative to GAAP EPS Guidance. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. Because the sale process for the planned divestiture of our South American businesses was only recently initiated in January 2019, the terms and structure of any potential sale transaction or transactions are unknown, including terms that would impact income tax expense resulting from an expected change in our assertion regarding indefinite reinvestment of foreign undistributed earnings, including the timing and amounts of repatriation of such earnings. (1) Income taxes were estimated based on statutory tax rates. SEMPRA ENERGY Table B CONSOLIDATED BALANCE SHEETS (Dollars in millions) December 31, 2018 December 31, 2017 Assets Current assets: Cash and cash equivalents $ 190 $ 288 Restricted cash 35 62 Accounts receivable, net 1,850 1,584 Due from unconsolidated affiliates 39 37 Income taxes receivable 68 110 Inventories 296 307 Regulatory assets 138 325 Greenhouse gas allowances 59 299 Assets held for sale 713 127 Other 257 202 Total current assets 3,645 3,341 Other assets: Restricted cash 21 14 Due from unconsolidated affiliates 688 598 Regulatory assets 1,589 1,517 Nuclear decommissioning trusts 974 1,033 Investment in Oncor Holdings 9,652 — Other investments 2,337 2,527 Goodwill 2,373 2,397 Other intangible assets 272 596 Dedicated assets in support of certain benefit plans 416 455 Insurance receivable for Aliso Canyon costs 461 418 Deferred income taxes 151 170 Greenhouse gas allowances 289 93 Sundry 974 792 Total other assets 20,197 10,610 Property, plant and equipment, net 36,796 36,503 Total assets $ 60,638 $ 50,454 SEMPRA ENERGY Table B (Continued) CONSOLIDATED BALANCE SHEETS (Dollars in millions) December 31, 2018 December 31, 2017 Liabilities and Equity Current liabilities: Short-term debt $ 2,079 $ 1,540 Accounts payable 1,474 1,523 Due to unconsolidated affiliates 10 7 Dividends and interest payable 499 342 Accrued compensation and benefits 469 439 Regulatory liabilities 105 109 Current portion of long-term debt 1,673 1,427 Reserve for Aliso Canyon costs 160 84 Greenhouse gas obligations 59 299 Liabilities held for sale 25 49 Other 970 816 Total current liabilities 7,523 6,635 Long-term debt 21,611 16,445 Deferred credits and other liabilities: Due to unconsolidated affiliates 37 35 Pension and other postretirement benefit plan obligations, net of plan assets 1,161 1,148 Deferred income taxes 2,571 2,767 Deferred investment tax credits 24 28 Regulatory liabilities 4,016 3,922 Asset retirement obligations 2,787 2,732 Greenhouse gas obligations 131 — Deferred credits and other 1,529 1,602 Total deferred credits and other liabilities 12,256 12,234 Equity: Sempra Energy shareholders' equity 17,138 12,670 Preferred stock of subsidiary 20 20 Other noncontrolling interests 2,090 2,450 Total equity 19,248 15,140 Total liabilities and equity $ 60,638 $ 50,454 SEMPRA ENERGY Table C CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended December 31, (Dollars in millions) 2018 2017 Cash Flows from Operating Activities Net income $ 1,126 $ 351 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,549 1,490 Deferred income taxes and investment tax credits (182) 1,160 Write-off of wildfire regulatory asset — 351 Impairment losses 1,122 72 Gain on sale of assets (524) (3) Equity earnings, net (176) (76) Share-based compensation expense 83 82 Fixed-price contracts and other derivatives (10) 7 Other 315 67 Net change in other working capital components 173 57 Insurance receivable for Aliso Canyon costs (43) 188 Changes in other noncurrent assets and liabilities, net 14 (121) Net cash provided by operating activities 3,447 3,625 Cash Flows from Investing Activities Expenditures for property, plant and equipment (3,784) (3,949) Expenditures for investments and acquisitions, net of cash andcash equivalents acquired (10,376) (270) Proceeds from sale of assets, net of cash and restricted cash sold 1,593 17 Distributions from investments 10 26 Purchases of nuclear decommissioning trust assets (890) (1,314) Proceeds from sales by nuclear decommissioning trust assets 890 1,314 Advances to unconsolidated affiliates (102) (531) Repayments of advances to unconsolidated affiliates 71 9 Other 31 (2) Net cash used in investing activities (12,557) (4,700) Cash Flows from Financing Activities Common dividends paid (877) (755) Preferred dividends paid (89) — Preferred dividends paid by subsidiary (1) (1) Issuances of mandatory convertible preferred stock, net of $42 in offering costs in 2018 2,258 — Issuances of common stock, net of $41 in offering costs in 2018 2,272 47 Repurchases of common stock (21) (15) Issuances of debt (maturities greater than 90 days) 9,174 4,509 Payments on debt (maturities greater than 90 days) (3,510) (2,800) Decrease in short-term debt, net (124) (36) Advances from unconsolidated affiliates — 35 Proceeds from sale of noncontrolling interests, net of $1 and $3 in offering costs, respectively 90 196 Net distributions to noncontrolling interests (43) (130) Settlement of cross-currency swaps (33) — Other (90) (43) Net cash provided by financing activities 9,006 1,007 Effect of exchange rate changes on cash, cash equivalents and restricted cash (14) 7 Decrease in cash, cash equivalents and restricted cash (118) (61) Cash, cash equivalents and restricted cash, January 1 364 425 Cash, cash equivalents and restricted cash, December 31 $ 246 $ 364 SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES, INVESTMENTS AND ACQUISITIONS Three months endedDecember 31, Years endedDecember 31, (Dollars in millions) 2018 2017 2018 2017 (unaudited) Earnings (Losses) San Diego Gas & Electric $ 148 $ 131 $ 669 $ 407 Southern California Gas 156 128 400 396 Sempra Texas Utility 88 — 371 — Sempra South American Utilities 59 52 199 186 Sempra Mexico 76 64 237 169 Sempra Renewables 382 203 328 252 Sempra LNG & Midstream 147 126 (617) 150 Parent and other (192) (1,205) (663) (1,304) Total $ 864 $ (501) $ 924 $ 256 Three months endedDecember 31, Years endedDecember 31, (Dollars in millions) 2018 2017 2018 2017 (unaudited) Capital Expenditures, Investments and Acquisitions San Diego Gas & Electric $ 348 $ 433 $ 1,542 $ 1,555 Southern California Gas 411 334 1,538 1,367 Sempra Texas Utility 179 — 9,457 — Sempra South American Utilities 287 106 448 245 Sempra Mexico 148 202 468 467 Sempra Renewables 10 136 56 497 Sempra LNG & Midstream 104 15 306 68 Parent and other (63) 3 345 20 Capital Expenditures, Investments and Acquisitions $ 1,424 $ 1,229 $ 14,160 $ 4,219 SEMPRA ENERGY Table E OTHER OPERATING STATISTICS (Unaudited) Three months endedDecember 31, Years ended or atDecember 31, UTILITIES 2018 2017 2018 2017 SDG&E and SoCalGas Gas sales (Bcf) (1) 93 88 337 341 Transportation (Bcf) (1) 134 150 581 638 Total deliveries (Bcf) (1) 227 238 918 979 Total gas customer meters (thousands) 6,885 6,846 SDG&E Electric sales (millions of kWhs) (1) 3,643 3,845 15,125 15,617 Direct Access and Community Choice Aggregation (millions of kWhs) 947 864 3,628 3,394 Total deliveries (millions of kWhs) (1) 4,590 4,709 18,753 19,011 Total electric customer meters (thousands) 1,459 1,446 Oncor (2) Total deliveries (millions of kWhs) 29,800 — 107,276 — Total electric customer meters (thousands) 3,621 — Ecogas Natural gas sales (Bcf) — 7 7 29 Natural gas customer meters (thousands) 123 120 Chilquinta Energía Electric Sales (Millions of kWhs) 739 735 2,948 2,936 Tolling (Millions of kWhs) 85 27 303 98 Total Deliveries (Millions of kWhs) 824 762 3,251 3,034 Electric customer meters (thousands) 722 704 Luz del Sur Electric Sales (Millions of kWhs) 1,661 1,678 6,760 6,999 Tolling (Millions of kWhs) 649 539 2,385 1,922 Total Deliveries (Millions of kWhs) 2,310 2,217 9,145 8,921 Electric customer meters (thousands) 1,134 1,102 ENERGY-RELATED BUSINESSES Power generated and sold (millions of kWhs) Sempra Mexico (3) 1,404 1,305 5,250 4,337 Sempra Renewables (4) 1,036 1,075 4,799 4,175 (1) Includes intercompany sales. (2) Includes 100 percent of the electric deliveries and customer meters of Oncor Electric Delivery Company LLC (Oncor), in which we hold an 80.25-percent interest through our March 2018 acquisition of our equity method investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings). Total deliveries for the year ended December 31, 2018 only include volumes from the March 9, 2018 acquisition date. (3) Includes power generated and sold at the TdM natural gas-fired power plant and the Ventika wind power generation facilities. Also includes 50 percent of total power generated and sold at the Energía Sierra Juárez wind power generation facility, in which Sempra Energy has a 50-percent ownership interest. Energía Sierra Juárez is not consolidated within Sempra Energy, and the related investment is accounted for under the equity method. (4) We include 50 percent of total power generated and sold related to U.S. solar and wind projects in which Sempra Energy has a 50-percent ownership. These subsidiaries are not consolidated within Sempra Energy, and the related investments are accounted for under the equity method. On June 25, 2018, our board of directors approved a plan to sell all U.S. wind and solar assets and investments. For assets and investments sold in December 2018, we include their power generated and sold up to the date of the sale. SEMPRA ENERGY Table F (Unaudited) STATEMENT OF OPERATIONS DATA BY SEGMENT Three months ended December 31, 2018 (Dollars in millions) SDG&E SoCalGas Sempra Texas Utility Sempra South American Utilities Sempra Mexico Sempra Renewables Sempra LNG & Midstream Consolidating Adjustments, Parent & Other Total Revenues $ 1,163 $ 1,262 $ — $ 395 $ 348 $ 21 $ 142 $ (110) $ 3,221 Cost of sales and other expenses (737) (882) — (293) (175) (26) (122) 106 (2,129) Depreciation and amortization (179) (142) — (15) (44) — (2) (9) (391) Write-off and reduction in impairment losses — — — — — — 183 (1) 182 Gain (loss) on sale of assets — 1 — 1 (1) 513 — — 514 Other (expense) income, net (21) (34) — 10 (63) 1 — (17) (124) Income (loss) before interest and tax (1) 226 205 — 98 65 509 201 (31) 1,273 Net interest (expense) income (59) (32) — 2 (13) 2 10 (122) (212) Income tax (expense) benefit (22) (17) — (31) 41 (138) (53) (3) (223) Equity earnings (losses), net — — 88 — 38 1 (1) — 126 Losses (earnings) attributable to noncontrolling interests 3 — — (10) (55) 8 (10) — (64) Preferred dividends — — — — — — — (36) (36) Earnings (losses) $ 148 $ 156 $ 88 $ 59 $ 76 $ 382 $ 147 $ (192) $ 864 Three months ended December 31, 2017 (Dollars in millions) SDG&E SoCalGas Sempra Texas Utility Sempra South American Utilities Sempra Mexico Sempra Renewables Sempra LNG & Midstream Consolidating Adjustments, Parent & Other Total Revenues $ 1,125 $ 1,090 $ — $ 398 $ 323 $ 20 $ 134 $ (126) $ 2,964 Cost of sales and other expenses (2) (698) (729) — (312) (165) (19) (136) 111 (1,948) Depreciation and amortization (171) (131) — (14) (42) (10) (11) (5) (384) Other income (expense), net (2) 9 (20) — 6 (85) 1 1 (1) (89) Income (loss) before interest and tax (1)(3) 265 210 — 78 31 (8) (12) (21) 543 Net interest (expense) income (52) (25) — 3 (13) (1) 3 (61) (146) Income tax (expense) benefit (83) (57) — (23) 51 201 136 (1,123) (898) Equity earnings (losses), net (3) — — — 2 45 4 (1) — 50 Losses (earnings) attributable to noncontrolling interests 1 — — (8) (50) 7 — — (50) Earnings (losses) $ 131 $ 128 $ — $ 52 $ 64 $ 203 $ 126 $ (1,205) $ (501) (1) Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations. (2) As adjusted for the retrospective adoption of ASU 2017-07. (3) As adjusted for a reclassification to conform to current year presentation. SEMPRA ENERGY Table F (Unaudited) STATEMENT OF OPERATIONS DATA BY SEGMENT Year ended December 31, 2018 (Dollars in millions) SDG&E SoCalGas Sempra Texas Utility Sempra South American Utilities Sempra Mexico Sempra Renewables Sempra LNG & Midstream Consolidating Adjustments, Parent & Other Total Revenues $ 4,568 $ 3,962 $ — $ 1,585 $ 1,376 $ 124 $ 472 $ (400) $ 11,687 Cost of sales and other expenses (2,870) (2,816) — (1,218) (628) (94) (446) 327 (7,745) Depreciation and amortization (688) (556) — (58) (175) (27) (26) (19) (1,549) Write-off and impairment losses — — — — (4) — (1,117) (1) (1,122) Gain (loss) on sale

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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).