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Displaying results 646 - 660 of 1204
Sempra Energy Declares Common And Preferred Dividends
SAN DIEGO, Nov. 18, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its board of directors has declared a $1.045 per share quarterly dividend on the company's common stock, which is payable Jan. 15, 2021, to common stock shareholders of record at the close of business on Dec. 18, 2020. Sempra Energy's board of directors declared a quarterly dividend of $1.50 per share on Sempra Energy's 6% Mandatory Convertible Preferred Stock, Series A. Sempra Energy's board of directors also declared a quarterly dividend of $1.6875 per share on the company's 6.75% Mandatory Convertible Preferred Stock, Series B. Both preferred stock dividends will be payable Jan. 15, 2021, to preferred stock shareholders of record at the close of business on Jan. 1, 2021. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. 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: California wildfires, including the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we operate or do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts once completed, and (iv) obtaining the consent of partners; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, including in connection with a CPUC-ordered suspension of service disconnections, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; 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; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to 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; 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 of natural gas from storage facilities, and equipment failures; 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; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed or local power generation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in tax and trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the United States-Mexico-Canada 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, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra Energy
SoCalGas Supports LA Urban League's Virtual Construction Training with $50,000 Grant - Company Hiring Up to 100 Qualified Graduates
LOS ANGELES, Nov. 17, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the company will provide a $50,000 grant to the Los Angeles Urban League (LAUL) to support the organization's virtual Construction Career Academy (CCA) program. SoCalGas also plans to hire up to 100 qualified graduates of the program who progress through the company's interview process. The Construction Career Academy is now accepting applicants to the no-cost, 10-week program on a rolling basis and encourages those interested in construction, mechanical, technician and engineering careers to apply. "With many folks struggling to find work, now more than ever, the Construction Career Academy serves as a pathway to limitless opportunities in many different industries," said Wallace Rawls, Director of Gas System Integrity & Programs at SoCalGas, and LAUL Board Member. "SoCalGas is proud to support the LA Urban League's Construction Career Academy. We have been working with LAUL to develop pipelines for employment for graduates at SoCalGas and elsewhere, and we expect to hire some of the hardworking men and women who complete the program." "The Los Angeles Urban League thanks SoCalGas for the generous grant given to our Construction Career Academy. Our partnership with SoCalGas continues to reap benefits for the Construction Career Academy students," said Michael Lawson, President, and CEO of the Los Angeles Urban League. "As we maintain our commitment to helping our constituents in Los Angeles' underserved communities, we embrace and appreciate partners such as SoCalGas." "A quality career can change a life," said 8th District Councilmember Marqueece Harris-Dawson. "The Los Angeles Urban League has long-served Los Angeles neighborhoods by educating and empowering communities of color through employment services. I remain committed to helping South LA residents access employment through local hire programs and I am pleased that SoCalGas is supplementing these efforts by investing in the Construction Career Academy, teaching Angelenos useful skills they can use for a lifetime." CCA provides a free 10-week training aimed at increasing minority workers' access to apprenticeship programs and career opportunities in construction, mechanical, technical and/or engineering. The program prepares job seekers to complete and pass industry exams and go on to obtain apprenticeships and well-paying careers in a variety of industries including utilities, transportation, logistics, energy and building trades. In addition to job sourcing and job placement, CCA also offers supportive services, job readiness skills and ongoing mentorship to support graduates in finding high-demand, well-paying jobs. Ninety percent of CCA graduates, who had little or no prior experience in construction or utility related positions, passed industry exams and found industry employment. SoCalGas has been a longtime partner of the Los Angeles Urban League and the Construction Career Academy. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable 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. 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 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. By developing renewable gas from our state's abundant organic waste streams, we can help to meet our climate goals sooner, while diversifying our carbon-free energy sources, improving energy resilience and reliability, while also creating additional renewable fuel and jobs for our communities. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline 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 Los Angeles Urban League Los Angeles Urban League (LAUL) serves, educates and empowers African Americans and other minorities to secure economic self-reliance and civil rights by providing targeted social programs and advocating for issues that benefit our communities. The Los Angeles Urban League, founded in 1921, is a flagship affiliate of the National Urban League, founded in New York City in 1910. It is one more than 90 affiliates in the United States. The Los Angeles Urban League helps thousands of Angelenos annually through its programs focusing on education, entrepreneurship, job training and placement. Visit and follow the Los Angeles Urban League at laul.org. SOURCE Southern California Gas Company
Sempra Energy Announces FID For Landmark Energía Costa Azul LNG Export Project
SAN DIEGO, Nov. 17, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its subsidiary ECA Liquefaction (ECA LNG), a joint venture between Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), has reached a final investment decision (FID) for the development, construction and operation of the ECA LNG Phase 1 natural gas liquefaction-export project in Baja California, Mexico. ECA LNG Phase 1 is currently the only liquefied natural gas (LNG) export project in the world to reach FID in 2020. "We are excited to continue to help unlock North America's energy potential with ECA LNG Phase 1. This project would be the first LNG export facility on the Pacific Coast of North America that can help connect abundant natural gas supplies from Texas and the Western U.S. directly to markets in Mexico and countries across the Pacific Basin," said Justin Bird, CEO of Sempra LNG. "This important milestone is a testament to the resiliency of our team and marks the latest step toward our goal to be North America's premier LNG infrastructure company." Estimated capital expenditures for ECA LNG Phase 1 are approximately $2 billion. Sempra expects to fund the project with a combination of equity contributions and debt. First LNG production from ECA LNG Phase 1 is expected in late 2024. "As one of the largest private investments in the history of Baja California, ECA LNG's liquefaction-export project is expected to help support the Mexican economy through investment, tax revenue and jobs," said Tania Ortiz Mena, CEO of IEnova. "The project is also expected to positively impact the local community through social investment programs as well as help position Mexico as a key player in the global trade of natural gas." ECA LNG Phase 1 will be built and operated by Sempra LNG and IEnova, Sempra Energy's subsidiary in Mexico, as a single-train liquefaction facility with a nameplate capacity of 3.25 million tonnes per annum (Mtpa) of LNG and an initial offtake capacity of approximately 2.5 Mtpa of LNG. Exports of LNG from ECA LNG Phase 1 are expected to improve the trade balances of the U.S. and Mexico. Its construction is expected to create more than 10,000 direct and indirect jobs as a result of increased economic activity and social investments in both countries. Approximately 75 full-time jobs are expected to be added to the operations of ECA LNG. ECA LNG has secured definitive 20-year sale and purchase agreements with Mitsui & Co., Ltd. and an affiliate of Total SE for the purchase of approximately 2.5 Mtpa of LNG from Phase 1 of the project. Additionally, ECA LNG and Total SE continue to work toward a potential equity investment in the project by Total SE. In February, ECA LNG executed a lump-sum, turn-key engineering, procurement and construction contract with an affiliate of TechnipFMC plc for Phase 1 of the LNG export facility. Sempra LNG is developing additional LNG export facilities on the Gulf Coast and Pacific Coast of North America, including a potential Phase 2 of the ECA LNG project. The successful development and ultimate construction of both phases of ECA LNG's project and Sempra Energy's other LNG export projects are subject to a number of risks and uncertainties and there can be no assurance that these projects will be completed. About Sempra LNGSempra LNG's mission is to be North America's premier LNG infrastructure company by providing sustainable, safe and reliable access to U.S. natural gas for global markets. Sempra LNG owns a 50.2% interest in Cameron LNG, a 12 Mtpa export facility operating in Hackberry, Louisiana and is currently developing additional LNG export facilities on the Gulf Coast and Pacific Coast of North America through Cameron LNG expansion, Port Arthur LNG in Texas and Energía Costa Azul LNG in Mexico. Through its disciplined value creation process, Sempra LNG evaluates expansion opportunities at each of these locations and other infrastructure investments along the LNG value chain. About IEnovaIEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2019, the company has 1,300 employees and approximately US$9.6 billion in total assets, making it one of the largest private energy companies in the country. IEnova was the first energy infrastructure company to be listed on the Mexican Stock Exchange. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. 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: decisions, investigations, regulations, issuances of permits and other authorizations, and other actions by (i) the U.S. Department of Energy and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we operate or do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts once completed, and (iv) obtaining the consent of partners; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; 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; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to 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 impact our ability to obtain satisfactory levels of affordable insurance; cybersecurity threats to 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; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in tax and trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the United States-Mexico-Canada 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, and on the company's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not the same company as San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG
Sempra Energy Donates to Operation Homefront for Third Annual Veterans Day Grant
SAN DIEGO, Nov. 11, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that for its third annual Veterans Day grant, the company is donating $20,000 to Operation Homefront, the San Antonio, Texas-based national nonprofit whose mission is to build strong, stable and secure military families, including those in the communities where Sempra Energy operates. Operation Homefront works to help military families by providing critical financial assistance, transitional and permanent housing, and recurring family support programs and services throughout the year to help these families overcome short-term bumps in the road, so they do not become long-term chronic problems. "This year, military veterans and their families need our support more than ever due to impacts from the COVID-19 pandemic," said Lisa Alexander, senior vice president of corporate affairs for Sempra Energy. "We are proud to partner with Operation Homefront to further support military veterans who have impacted the lives of every American through their commitment to serve our country. I am proud that our company has programs in place to champion both our veteran employees and veterans in our communities." Operation Homefront serves tens of thousands of military families each year and over 90% of their expenditures go toward delivering programs for families struggling to make ends meet. The grant from Sempra Energy will support the organization's "11 Days of Impact" campaign, an effort to raise $111,000 to support military families in honor of Veterans Day. Specifically, Sempra Energy's funds will go toward the Critical Financial Assistance program to assist veterans in California and Texas with mortgage and rent payments, utilities, groceries and more. "We are deeply grateful to the entire Sempra Energy team for their enthusiastic support of our 11 Days of Impact campaign," said Brig. Gen. (ret.) John I. Pray, Jr., president and CEO of Operation Homefront. "Our nation is currently facing a number of unprecedented challenges and many military families are really struggling to make ends meet. With Sempra Energy's help, we will be able to continue to provide much-needed financial assistance to this very special and deserving group of our fellow citizens." Sempra Energy launched its annual Veterans Day grant program in 2018 as part of the company's overall commitment to supporting its veteran employees, as well as veterans who live in the communities where the company operates. More than 1,000 employees across the Sempra Energy family of companies have served in the U.S. Armed Forces. In the past five years, the Sempra Energy family of companies has donated more than $1.4 million to causes supporting military veterans or active-duty service members. Sempra Energy and its operating companies regularly participate in job-recruitment events for veterans and have employee groups in Los Angeles and San Diego to support the recruitment, on-boarding and engagement of veteran employees. Additionally, the company has supplier-diversity programs that advocate for procurement opportunities for businesses owned by service-disabled veterans, women, minorities and LGBTQ-owned business enterprises. This year, the company also received a bronze designation from the "Military Friendly" organization, honoring Sempra Energy for exceeding benchmark standards that measure businesses' commitment, effort and success in creating sustainable and meaningful opportunity for the military community. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. About Operation Homefront Founded in 2002, Operation Homefront is a national nonprofit organization whose mission is to build strong, stable, and secure military families so that they can thrive – not simply struggle to get by – in the communities they have worked so hard to protect. Recognized for superior performance by leading independent charity oversight groups, over 90% of Operation Homefront expenditures go directly to programs that support tens of thousands of military families each year. Operation Homefront provides critical financial assistance, transitional and permanent housing and family support services to prevent short-term needs from turning into chronic, long-term struggles. Thanks to the generosity of our donors and the support from thousands of volunteers, Operation Homefront proudly serves America's military families. For more information, visit OperationHomefront.org. http://www.OperationHomefront.org. SOURCE Sempra Energy
SoCalGas Joins United Way of Greater LA for First-Ever Virtual HomeWalk, Encourages All Angelenos to Sign Up and Support the Walk to End Homelessness
LOS ANGELES, Nov. 10, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) will join the United Way of Greater Los Angeles for the first-ever virtual HomeWalk – 5k Family Run/Walk/Ride to End Homelessness. SoCalGas employees, their families and business partners have participated in the annual HomeWalk event every year since its inception in 2007 and have raised over $2 million in total. In 2019, SoCalGas had over 1,500 registered participants and raised nearly $250,000 for the effort to end homelessness in Los Angeles County. SoCalGas and United Way of Greater LA encourage all to join in on Saturday, November 14 for the virtual event. Participants can walk, run or ride the 5K any time that day in their own neighborhoods or a location of their choice, and share photos and videos of their participation on social media using #HomeWalkatHome. A link to the registration page is located at HomeWalkLA.org. "The pandemic has magnified inequities in our communities, and it is crucial that we support those who are struggling—even though this year we will not be able to walk physically side by side," said Sandra Hrna, vice president of human resources & diversity and inclusion at SoCalGas and board member at United Way of Greater LA. "Please sign up, walk the 5K wherever and whenever you choose, and donate to be a part of the effort to end homelessness via HomeWalk. Those struggling against homelessness need you now more than ever." "There were already far too many people experiencing homelessness prior to the start of the pandemic which has only further exacerbated the need for safe and affordable housing. Now more than ever, our most vulnerable neighbors, especially seniors and those suffering from severe chronic health conditions, are at even greater risk of exposure and death," Elise Buik, President and CEO of United Way of Greater Los Angeles said. "We are grateful for the support of SoCalGas and the many families who will join us as we gather together while apart to power the solutions bringing everyone in to end homelessness." "With the COVID-19 pandemic exacerbating homelessness -- essentially creating a crisis within a crisis -- we all need to do everything we can to help our most vulnerable neighbors," said Supervisor Mark Ridley-Thomas. "With HomeWalk at Home, people from all walks of life are not only standing up but stepping forward to tackle the moral crisis of our time. Thank you to SoCalGas and all other sponsors for shining a light on this issue and working together to find solutions." According to the United Way of Greater Los Angeles, homelessness starts rising when the median rent in a region exceeds 22% of median income and rises even more sharply at 32%. In Los Angeles, the median rent is 46.1% of median income. Nearly one-third of Los Angeles renter households pay more than half of their income on housing and nearly 600,000 county residents spend 90% or more of their income on housing. Since 2007, HomeWalk has brought together more than 125,000 people from across Los Angeles County and raised over $9.5 million that has helped move over 20,000 people into homes. SoCalGas and United Way of Greater LA encourage everyone to join in on Saturday, November 14 for the virtual HomeWalk. Participants can spend the day doing their own 5K run, walk or ride and can share photos and videos of their participation on social media using #HomeWalkatHome. Participants are asked to be back at home by 5 p.m. for a virtual program including live entertainment with the Los Angeles Rams cheerleaders, players, LA Rams coach Sean McVay, remarks from top sponsors including SoCalGas, heartfelt stories from formerly homeless neighbors and much more. Those who are interested can sign up and find more information at HomewalkLA.org. About United Way of Greater Los Angeles and EVERYONE IN: United Way of Greater Los Angeles is a nonprofit organization fighting to end poverty by preparing students for high school graduation, college, and the workforce; housing our homeless neighbors; and guiding hard-working families towards economic mobility. United Way identifies the root causes of poverty and works strategically to solve them by building alliances across all sectors, funding targeted programs and advocating for change. Powered by United Way of Greater Los Angeles, EVERYONE IN is a countywide initiative bringing together leaders and voices across L.A. County to keep the best solutions to end homelessness moving forward by creating ways for the public to get involved; tracking, measuring and sharing progress; and lifting up successes and celebrating wins. For more information, visit HomewalkLA.org, UnitedWayLA.org and EveryoneInLA.org or follow United Way of Greater Los Angeles on Facebook, Instagram, and Twitter via @LAUnitedWay, #HomeWalk, and # EVERYONEIN. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90% of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45% of electric power generated in the state comes from gas-fired power plants. SoCalGas' vision is to be the cleanest 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% of its traditional natural gas supply with renewable gas by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline 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
Sempra Energy And Salk Institute Announce Project To Advance Plant-Based Carbon Capture And Storage Research
SAN DIEGO and LA JOLLA, Calif., Nov. 9, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) and the Salk Institute today announced a new project to advance plant-based carbon capture and sequestration research, education and implementation to help address the climate crisis. Sempra Energy is donating $2 million to the Salk Institute to help fund the five-year project. "There is incredible urgency to address our changing climate," said Salk Professor Wolfgang Busch, co-director of the Institute's Harnessing Plants Initiative (HPI). "As the world's population increases to 10 billion or more, global warming is going to put incredible pressure on our ability to meet humanity's needs for food, fuel and fiber. Sempra's investment in research to develop solutions that remove excess carbon from the atmosphere is an investment in our shared future." "At Sempra Energy, we support partnerships designed to produce sustainable and responsible change, and we believe the Salk Institute is an ideal partner to make true progress in the fight against climate change," said Kevin Sagara, group president of Sempra Energy and advisory committee member of HPI. "This project has the potential to help remove significant amounts of carbon from entering our atmosphere and aligns with Sempra Energy's portfolio to advance the global energy transition to lower-carbon energy sources." Sempra Energy will be the lead sponsor of the Salk Institute's "Sequestering Carbon Through Climate Adapted Sorghum" project, part of the Institute's Harnessing Plants Initiative. HPI is an innovative, scalable and bold approach to fight climate change by optimizing a plant's natural ability to capture and store carbon and adapt to diverse climate conditions. Salk researchers aim to develop these Salk Ideal Plants™ to mitigate the disastrous effects of climate change by drawing down significant amounts of the excess carbon in our atmosphere while also providing more food, fuel and fiber for a growing population. With Sempra Energy's funding, over the next five years Salk scientists will work to develop a drought-tolerant, carbon-sequestering grass (sorghum) variety designed to grow on land in Southern California and store carbon in the soil for use with grain production, grazing or bio-energy feed stocks. HPI aims to develop crop plants that have significant global acreages to store long-lasting carbon in the soil. Crop plants that are engineered to store more carbon in the soil for longer can lead to a potentially enormous reduction in atmospheric carbon dioxide (CO2). The six crops that HPI is developing (including sorghum) can have a global impact on carbon levels. HPI estimates that if, worldwide, 70% of the target crops are converted into carbon-sequestration-enhanced crop plants, 1.5 to 6 gigatons of CO2 can be sequestered per year, the equivalent of up to as much as one-third of human-caused CO2 emissions that accumulate in the atmosphere each year. Salk Professor Joanne Chory, co-director of the Harnessing Plants Initiative, said, "Our plant-based approach to climate change offers a win-win-win for improving soil health, feeding the world's burgeoning population and sequestering carbon affordably with the potential for global scale. Salk's plant scientists are very excited at how much Sempra Energy's generosity will help move our critical research forward." About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. About the Salk InstituteEvery cure has a starting point. The Salk Institute embodies Jonas Salk's mission to dare to make dreams into reality. Its internationally renowned and award-winning scientists explore the very foundations of life, seeking new understandings in neuroscience, genetics, immunology, plant biology and more. The Institute is an independent nonprofit organization and architectural landmark: small by choice, intimate by nature and fearless in the face of any challenge. Be it cancer or Alzheimer's, aging or diabetes, Salk is where cures begin. Learn more at: salk.edu. SOURCE Sempra Energy
Sempra Energy Reports Third-Quarter 2020 Earnings Results
SAN DIEGO, Nov. 5, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today reported third-quarter 2020 earnings of $351 million, or $1.21 per diluted share, compared to third-quarter 2019 earnings of $813 million, or $2.84 per diluted share. On an adjusted basis, the company's third-quarter 2020 earnings were $380 million, or $1.31 per diluted share, compared to $425 million, or $1.50 per diluted share, in the third quarter of 2019. Sempra Energy's earnings for the first nine months of 2020 were $3.35 billion, or $11.43 per diluted share, compared with earnings of $1.61 billion, or $5.74 per diluted share, in the first nine months of 2019. Adjusted earnings for the first nine months of 2020 were $1.8 billion, or $6.10 per diluted share, compared to $1.46 billion, or $5.23 per diluted share, in the first nine months of 2019. "We are excited to advance our leadership position in the most attractive markets in North America – California, Texas, Mexico and the LNG export market – with an unrelenting commitment to safety and operational excellence. Our investments in critical new energy infrastructure support economic prosperity, community wellbeing and the energy transition," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Our strategy of investing in a high-growth infrastructure platform supports long-term, stable cash flows, attractive economic returns and improved earnings visibility." The reported 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 third quarter and first nine months of 2020 and 2019. Three months ended Nine months ended September 30, September 30, (Dollars, except EPS, and shares, in millions) 2020 2019 2020 2019 (Unaudited) GAAP Earnings $ 351 $ 813 $ 3,350 $ 1,608 Loss (Gain) on Sale of South American Businesses 7 - (1,747) - Losses from Investment in RBS Sempra Commodities LLP - - 100 - Impacts Associated with Aliso Canyon Litigation and Regulatory Matters 22 - 94 - Tax Impacts from Holding the South American Businesses for Sale - (192) - (99) Gain on Sale of U.S. Wind Assets - - - (45) SDG&E Retroactive Impact of 2019 GRC FD for first half of 2019 - (66) - - SoCalGas Retroactive Impact of 2019 GRC FD for first half of 2019 - (130) - - Adjusted Earnings (1) $ 380 $ 425 $ 1,797 $ 1,464 GAAP Diluted Weighted-Average Common Shares Outstanding 291 296 293 280 GAAP Earnings Per Diluted Common Share (2) $ 1.21 $ 2.84 $ 11.43 $ 5.74 Adjusted Diluted Weighted-Average Common Shares Outstanding (1) 291 283 307 280 Adjusted Earnings Per Diluted Common Share (1),(3) $ 1.31 $ 1.50 $ 6.10 $ 5.23 1) Represents a non-GAAP financial measure. See Table A for information regarding non-GAAP financial measures. 2) To calculate Q3-2019 GAAP EPS, preferred dividends of $26 million are added back to GAAP Earnings because of the dilutive effect of Series A mandatory convertible preferred stock. 3) To calculate YTD-2020 Adjusted EPS, preferred dividends of $78 million are added back to Adjusted Earnings because of the dilutive effect of Series A mandatory convertible preferred stock. Advancing Critical Energy Infrastructure in North America In August, Phase 1 of the Cameron LNG export facility in Hackberry, Louisiana, reached full commercial operations under Cameron LNG's tolling agreements. This marked the start of full run-rate earnings and cash flows. Sempra Energy's share of full run-rate earnings from the Phase 1 project is expected to be between $400 million and $450 million annually, with no commodity or volumetric exposure. Due to the structure of the tolling agreements at Cameron LNG, Sempra Energy does not expect any earnings impact as a result of the recent outages due to Hurricanes Laura and Delta on the U.S. Gulf Coast. Sempra Energy continues to work closely with local authorities as well as the highest levels of the Mexican government to advance the export permit process for Energía Costa Azul (ECA) LNG Phase 1. The company expects to reach a final investment decision in the fourth quarter of 2020. Phase 1 of ECA LNG's project is planned to be built and operated by Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), Sempra Energy's subsidiary in Mexico, as a single-train liquefaction facility. Last year, ECA LNG received authorization from the U.S. Department of Energy to export U.S.-produced natural gas to Mexico and to re-export liquefied natural gas (LNG) to countries that do not have a free-trade agreement with the U.S. ECA LNG has successfully secured definitive 20-year sale-and-purchase agreements with Mitsui & Co., Ltd. and an affiliate of Total SE for the purchase of approximately 2.5 Mtpa of LNG from Phase 1 of the project. In another development, the U.S. Department of Energy extended the terms of the export authorizations for Phase 1 of the proposed Port Arthur LNG export project through Dec. 31, 2050. Additionally, IEnova is advancing construction of its Gulf of Mexico network of fuel terminals. All three terminals are backed by take-or-pay contracts with Valero Energy Corp. and, once completed, should contribute nearly 3.4 million barrels of combined refined products storage capacity, while improving Mexico's energy security. Notably, the Veracruz terminal is situated in the largest Mexican port on the Gulf Coast and is expected to be one of the largest terminals in Mexico. Executing Capital Plans and Driving Sustainability at U.S. Utilities Oncor Electric Delivery Company LLC (Oncor) today announced its 2021-2025 capital plan of $12.2 billion. This is a $300 million increase over Oncor's previous 2020-2024 capital plan and is a result of new growth capital required across the system, increased maintenance on the transmission system, including investments to enhance the safety and reliability of service, and continued investment in technology and innovation. Additionally, Oncor recently issued its inaugural sustainable bond with proceeds expected to finance or refinance expenditures with minority- and women-owned business suppliers. San Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co. (SoCalGas) continue to execute on their record five-year capital investment plans. These plans are centered on enhancing safety, improving system reliability, and reducing energy-related emissions. Further, SDG&E has announced a new sustainability strategy that includes a commitment to place two green hydrogen projects into service by 2022, aiming to offer long-duration energy storage, increased system resiliency and reduced carbon intensity. In addition, SoCalGas has announced its participation in three research and development projects that are designed to advance fuel cell technology for trucking and transit and near-zero emissions natural gas technology for rail locomotives. Investing in a High-Performing Culture Sempra Energy is committed to creating long-term value by managing environmental, social and governance risks and opportunities. The company has a long-standing history of prioritizing diversity and inclusion to advance its high-performance culture and is continuing to build upon those efforts. Last month, Sempra Energy received three awards recognizing its leadership position in diversity, inclusion and sustainability. Forbes and JUST Capital named Sempra Energy to the Forbes JUST 100 list, which is intended to recognize companies that are doing right by all their stakeholders, including employees, customers, communities, the environment and shareholders. Additionally, Sempra Energy received the National Association of Corporate Directors' NXT Award, recognizing boards for their excellence in utilizing diversity and inclusion as a strategy for building long-term value for their companies. The National Organization on Disability also recently recognized Sempra Energy as a 2020 Leading Disability Employer for adopting exemplary employment practices for people with disabilities. Earnings Guidance As a result of the company's strong execution and financial results, Sempra Energy is reaffirming and guiding to the high end of both its full-year 2020 GAAP earnings-per-common-share (EPS) guidance range of $12.50 to $13.10 and adjusted EPS guidance range of $7.20 to $7.80. Additionally, Sempra Energy is reaffirming its full-year 2021 EPS guidance range of $7.50 to $8.10. Non-GAAP Financial Measures Non-GAAP financial measures include Sempra Energy's adjusted earnings and adjusted EPS for the third quarters and first nine months of 2020 and 2019, adjusted diluted weighted-average common shares outstanding for the first nine months of 2020 and third quarter of 2019, and full-year 2020 adjusted EPS guidance range. See Table A for additional information regarding these non-GAAP financial measures. 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 on to the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 8857186. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions. 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: California wildfires, including the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we operate or do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts once completed, and (iv) obtaining the consent of partners; the impact of the COVID-19 pandemic on our (i) ability to commence and complete capital and other projects and obtain regulatory approvals, (ii) supply chain and current and prospective counterparties, contractors, customers, employees and partners, (iii) liquidity, resulting from bill payment challenges experienced by our customers, including in connection with a CPUC-ordered suspension of service disconnections, decreased stability and accessibility of the capital markets and other factors, and (iv) ability to sustain operations and satisfy compliance requirements due to social distancing measures or if employee absenteeism were to increase significantly; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; 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; moves to reduce or eliminate reliance on natural gas and the impact of the extreme volatility of oil prices on our businesses and development projects; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to 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; 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 of natural gas from storage facilities, and equipment failures; 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; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed or local power generation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in tax and trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the United States-Mexico-Canada 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, and on the company's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SEMPRA ENERGY Table A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three months endedSeptember 30, Nine months endedSeptember 30, (Dollars in millions, except per share amounts; shares in thousands) 2020 2019 2020 2019 (unaudited) REVENUES Utilities $ 2,301 $ 2,398 $ 7,199 $ 6,808 Energy-related businesses 343 360 1,000 1,078 Total revenues 2,644 2,758 8,199 7,886 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (114) (122) (582) (789) Cost of electric fuel and purchased power (429) (410) (918) (929) Energy-related businesses cost of sales (90) (94) (200) (265) Operation and maintenance (1,044) (845) (2,893) (2,515) Depreciation and amortization (418) (402) (1,242) (1,174) Franchise fees and other taxes (139) (127) (397) (369) Impairment losses (1) (43) (1) (43) (Loss) gain on sale of assets — (3) — 63 Other income (expense), net 29 (7) (163) 103 Interest income 27 22 76 64 Interest expense (264) (279) (818) (797) Income from continuing operations before income taxes and equity earnings 201 448 1,061 1,235 Income tax expense (99) (61) (60) (150) Equity earnings 326 266 822 485 Income from continuing operations, net of income tax 428 653 1,823 1,570 (Loss) income from discontinued operations, net of income tax (7) 256 1,850 292 Net income 421 909 3,673 1,862 Earnings attributable to noncontrolling interests (22) (60) (201) (146) Preferred dividends (48) (36) (121) (107) Preferred dividends of subsidiary — — (1) (1) Earnings attributable to common shares $ 351 $ 813 $ 3,350 $ 1,608 Basic earnings per common share (EPS): Earnings $ 1.21 $ 2.93 $ 11.48 $ 5.83 Weighted-average common shares outstanding 289,490 277,360 291,771 275,684 Diluted EPS: Earnings $ 1.21 $ 2.84 $ 11.43 $ 5.74 Weighted-average common shares outstanding 290,582 295,789 292,935 279,809 SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY ADJUSTED EARNINGS TO SEMPRA ENERGY GAAP EARNINGS (Unaudited) Sempra Energy Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2020 and 2019 as follows: Three months ended September 30, 2020: $(22) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at Southern California Gas Company (SoCalGas) $(7) million reduction to the gain on sale of our Chilean businesses as a result of post-closing adjustments Three months ended September 30, 2019: $196 million incremental revenue increases for the first six months of 2019 from the retroactive application of the final decision in the 2019 General Rate Case (GRC FD) at the California Utilities Associated with holding the South American businesses for sale: $192 million income tax benefit associated with outside basis differences in our South American businesses primarily related to a change in the anticipated structure of the sale of those businesses Nine months ended September 30, 2020: $(94) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(100) million equity losses at RBS Sempra Commodities LLP, which represent an estimate of our obligations to settle pending tax matters and related legal costs at our equity method investment at Parent and Other $1,747 million gain on the sale of our South American businesses Nine months ended September 30, 2019: $45 million gain on the sale of certain Sempra Renewables assets Associated with holding the South American businesses for sale: $89 million income tax benefit from outside basis differences in our South American businesses primarily related to the change in our indefinite reinvestment assertion from our decision in January 2019 to hold those businesses for sale and a change in the anticipated structure of the sale $10 million income tax benefit to reduce a valuation allowance against certain net operating loss (NOL) carryforwards as a result of our decision to sell our South American businesses Sempra Energy Adjusted Earnings, Weighted-Average Common 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 to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra Energy GAAP Earnings, Weighted-Average Common Shares Outstanding – GAAP and 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 (benefit) expense (1) Earnings Pretax amount Income tax expense (benefit) (1) Earnings (Dollars in millions, except per share amounts; shares in thousands) Three months ended September 30, 2020 Three months ended September 30, 2019 Sempra Energy GAAP Earnings $ 351 $ 813 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters $ 27 $ (5) 22 $ — $ — — Reduction to gain on sale of Chilean businesses 16 (9) 7 — — — SDG&E retroactive impact of 2019 GRC FD for first half of 2019 — — — (92) 26 (66) SoCalGas retroactive impact of 2019 GRC FD for first half of 2019 — — — (181) 51 (130) Associated with holding the South American businesses for sale: Change in indefinite reinvestment assertion of basis differences and structure of sale of discontinued operations — — — — (192) (192) Sempra Energy Adjusted Earnings $ 380 $ 425 Diluted EPS: Sempra Energy GAAP Earnings $ 351 $ 813 Add back dividends for dilutive series A preferred stock — 26 Sempra Energy GAAP Earnings for GAAP EPS $ 351 $ 839 Weighted-average common shares outstanding, diluted – GAAP 290,582 295,789 Sempra Energy GAAP EPS $ 1.21 $ 2.84 Sempra Energy Adjusted Earnings for Adjusted EPS $ 380 $ 425 Weighted-average common shares outstanding, diluted – Adjusted (2) 290,582 282,551 Sempra Energy Adjusted EPS $ 1.31 $ 1.50 Nine months ended September 30, 2020 Nine months ended September 30, 2019 Sempra Energy GAAP Earnings $ 3,350 $ 1,608 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters $ 127 $ (33) 94 $ — $ — — Losses from investment in RBS Sempra Commodities LLP 100 — 100 — — — Gain on sale of South American businesses (2,899) 1,152 (1,747) — — — Gain on sale of certain Sempra Renewables assets — — — (61) 16 (45) Associated with holding the South American businesses for sale: Change in indefinite reinvestment assertion of basis differences and structure of sale of discontinued operations — — — — (89) (89) Reduction in tax valuation allowance against certain NOL carryforwards — — — — (10) (10) Sempra Energy Adjusted Earnings $ 1,797 $ 1,464 Diluted EPS: Sempra Energy GAAP Earnings $ 3,350 $ 1,608 Weighted-average common shares outstanding, diluted – GAAP 292,935 279,809 Sempra Energy GAAP EPS $ 11.43 $ 5.74 Sempra Energy Adjusted Earnings $ 1,797 $ 1,464 Add back dividends for dilutive series A preferred stock 78 — Sempra Energy Adjusted Earnings for Adjusted EPS $ 1,875 $ 1,464 Weighted-average common shares outstanding, diluted – Adjusted (3) 307,405 279,809 Sempra Energy Adjusted EPS $ 6.10 $ 5.23 (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. We did not record an income tax benefit for the equity losses from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction will reduce United Kingdom taxes. (2) In the three months ended September 30, 2019, because the assumed conversion of the series A preferred stock is antidilutive for Adjusted Earnings, 13,238 series A preferred stock shares are excluded from the denominator used to calculate Adjusted EPS. (3) In the nine months ended September 30, 2020, because the assumed conversion of the series A preferred stock is dilutive for Adjusted Earnings, 14,470 series A preferred stock shares are added back to the denominator used to calculate Adjusted EPS. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ENERGY 2020 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA ENERGY 2020 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra Energy 2020 Adjusted EPS Guidance Range of $7.20 to $7.80 excludes items (after the effects of income taxes and, if applicable, noncontrolling interests) as follows: $(94) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(100) million equity losses at RBS Sempra Commodities LLP, which represent an estimate of our obligations to settle pending tax matters and related legal costs at our equity method investment at Parent and Other $1,747 million gain on the sale of our South American businesses Sempra Energy 2020 Adjusted EPS Guidance is a non-GAAP financial measure. Because of the significance and/or nature of the excluded items, management believes that this non-GAAP financial measure provides a meaningful comparison of the performance of Sempra Energy's business operations to prior and future periods. Sempra Energy 2020 Adjusted EPS Guidance should not be considered an alternative to Sempra Energy 2020 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. The table below reconciles Sempra Energy 2020 Adjusted EPS Guidance Range to Sempra Energy 2020 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. Full-Year 2020 Sempra Energy GAAP EPS Guidance Range (1) $ 12.50 to $ 13.10 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters 0.32 0.32 Losses from investment in RBS Sempra Commodities LLP 0.34 0.34 Gain on sale of South American businesses (5.96) (5.96) Sempra Energy Adjusted EPS Guidance Range $ 7.20 to $ 7.80 Weighted-average common shares outstanding, diluted (millions) (2) 293 (1) Sempra Energy's prior GAAP EPS guidance range for full-year 2020 has been updated to reflect additional impacts associated with the Aliso Canyon natural gas storage facility litigation and regulatory matters, and post-closing adjustments with respect to the sale of our Chilean businesses. (2) Weighted-average common shares outstanding does not include the dilutive effect of mandatory convertible preferred stock, as they are assumed to be antidilutive for full-year 2020. If such mandatory convertible preferred stock were dilutive for the full year, the 2020 GAAP EPS Guidance Range would differ from the range presented above. SEMPRA ENERGY Table B CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) September 30,2020 December 31, 2019 (1) (unaudited) ASSETS Current assets: Cash and cash equivalents $ 3,515 $ 108 Restricted cash 28 31 Accounts receivable – trade, net 1,067 1,261 Accounts receivable – other, net 418 455 Due from unconsolidated affiliates 46 32 Income taxes receivable 152 112 Inventories 309 277 Regulatory assets 386 222 Greenhouse gas allowances 66 72 Assets held for sale in discontinued operations — 445 Other current assets 407 324 Total current assets 6,394 3,339 Other assets: Restricted cash 3 3 Due from unconsolidated affiliates 617 742 Regulatory assets 1,740 1,930 Nuclear decommissioning trusts 1,057 1,082 Investment in Oncor Holdings 11,962 11,519 Other investments 1,455 2,103 Goodwill 1,602 1,602 Other intangible assets 205 213 Dedicated assets in support of certain benefit plans 469 488 Insurance receivable for Aliso Canyon costs 504 339 Deferred income taxes 199 155 Greenhouse gas allowances 598 470 Right-of-use assets – operating leases 563 591 Wildfire fund 371 392 Assets held for sale in discontinued operations — 3,513 Other long-term assets 699 732 Total other assets 22,044 25,874 Property, plant and equipment, net 38,784 36,452 Total assets $ 67,222 $ 65,665 (1) Derived from audited financial statements. SEMPRA ENERGY Table B (Continued) CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) September 30,2020 December 31, 2019 (1) (unaudited) LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 772 $ 3,505 Accounts payable – trade 1,129 1,234 Accounts payable – other 163 179 Due to unconsolidated affiliates 6 5 Dividends and interest payable 563 515 Accrued compensation and benefits 412 476 Regulatory liabilities 373 319 Current portion of long-term debt and finance leases 2,890 1,526 Reserve for Aliso Canyon costs 268 9 Greenhouse gas obligations 66 72 Liabilities held for sale in discontinued operations — 444 Other current liabilities 993 866 Total current liabilities 7,635 9,150 Long-term debt and finance leases 21,770 20,785 Deferred credits and other liabilities: Due to unconsolidated affiliates 271 195 Pension and other postretirement benefit plan obligations, net of plan assets 999 1,067 Deferred income taxes 2,696 2,577 Deferred investment tax credits 22 21 Regulatory liabilities 3,410 3,741 Asset retirement obligations 2,961 2,923 Greenhouse gas obligations 456 301 Liabilities held for sale in discontinued operations — 1,052 Deferred credits and other 2,146 2,048 Total deferred credits and other liabilities 12,961 13,925 Equity: Sempra Energy shareholders' equity 23,228 19,929 Preferred stock of subsidiary 20 20 Other noncontrolling interests 1,608 1,856 Total equity 24,856 21,805 Total liabilities and equity $ 67,222 $ 65,665 (1) Derived from audited financial statements. SEMPRA ENERGY Table C CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine months ended September 30, (Dollars in millions) 2020 2019 (unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 3,673 $ 1,862 Less: Income from discontinued operations, net of income tax (1,850) (292) Income from continuing operations, net of income tax 1,823 1,570 Adjustments to reconcile net income to net cash provided by operating activities 692 741 Intercompany activities with discontinued operations, net — 184 Net change in other working capital components (137) (200) Distributions from investments 429 163 Insurance receivable for Aliso Canyon costs (165) 107 Wildfire fund, current and noncurrent — (323) Changes in other noncurrent assets and liabilities, net 38 (413) Net cash provided by continuing operations 2,680 1,829 Net cash (used in) provided by discontinued operations (1,051) 289 Net cash provided by operating activities 1,629 2,118 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (3,313) (2,590) Expenditures for investments and acquisitions (229) (1,449) Proceeds from sale of assets 22 899 Distributions from investments 761 9 Purchases of nuclear decommissioning trust assets (1,091) (728) Proceeds from sales of nuclear decommissioning trust assets 1,091 728 Advances to unconsolidated affiliates (32) (16) Repayments of advances to unconsolidated affiliates 7 12 Intercompany activities with discontinued operations, net — (257) Other 13 16 Net cash used in continuing operations (2,771) (3,376) Net cash provided by (used in) discontinued operations 5,186 (63) Net cash provided by (used in) investing activities 2,415 (3,439) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (872) (734) Preferred dividends paid (107) (107) Issuances of preferred stock 890 — Issuances of common stock 10 757 Repurchases of common stock (565) (23) Issuances of debt (maturities greater than 90 days) 5,934 3,269 Payments on debt (maturities greater than 90 days) and finance leases (4,387) (2,500) (Decrease) increase in short-term debt, net (1,871) 888 Advances from unconsolidated affiliates 64 — Purchases of noncontrolling interests (178) (30) Contributions from noncontrolling interests, net of distributions — 171 Intercompany activities with discontinued operations, net — (128) Other (29) (37) Net cash (used in) provided by continuing operations (1,111) 1,526 Net cash provided by discontinued operations 401 49 Net cash (used in) provided by financing activities (710) 1,575 Effect of exchange rate changes in continuing operations (2) — Effect of exchange rate changes in discontinued operations (3) (3) Effect of exchange rate changes on cash, cash equivalents and restricted cash (5) (3) Increase in cash, cash equivalents and restricted cash, including discontinued operations 3,329 251 Cash, cash equivalents and restricted cash, including discontinued operations, January 1 217 246 Cash, cash equivalents and restricted cash, including discontinued operations, September 30 $ 3,546 $ 497 SEMPRA ENERGY Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES, INVESTMENTS AND ACQUISITIONS Three months ended September 30, Nine months ended September 30, (Dollars in millions) 2020 2019 2020 2019 (unaudited) Earnings (Losses) Attributable to Common Shares SDG&E $ 178 $ 263 $ 633 $ 582 SoCalGas (24) 143 425 437 Sempra Texas Utilities 209 212 458 419 Sempra Mexico 50 84 302 214 Sempra Renewables — — — 59 Sempra LNG 71 2 207 13 Parent and other (126) (139) (515) (383) Discontinued operations (7) 248 1,840 267 Total $ 351 $ 813 $ 3,350 $ 1,608 Three months ended September 30, Nine months ended September 30, (Dollars in millions) 2020 2019 2020 2019 (unaudited) Capital Expenditures, Investments and Acquisitions SDG&E $ 473 $ 363 $ 1,323 $ 1,071 SoCalGas 460 360 1,345 1,019 Sempra Texas Utilities 86 56 225 1,338 Sempra Mexico 122 178 443 420 Sempra Renewables — — — 2 Sempra LNG 63 37 200 183 Parent and other — 3 6 6 Total $ 1,204 $ 997 $ 3,542 $ 4,039 SEMPRA ENERGY Table E OTHER OPERATING STATISTICS (Unaudited) Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 UTILITIES SDG&E and SoCalGas Gas sales (Bcf) (1) 57 57 257 271 Transportation (Bcf) (1) 174 156 451 424 Total deliveries (Bcf) (1) 231 213 708 695 Total gas customer meters (thousands) 6,953 6,912 SDG&E Electric sales (millions of kWhs) (1) 4,063 3,970 10,647 10,796 Direct Access and Community Choice Aggregation (millions of kWhs) 914 952 2,530 2,640 Total deliveries (millions of kWhs) (1) 4,977 4,922 13,177 13,436 Total electric customer meters (thousands) 1,480 1,468 Oncor (2) Total deliveries (millions of kWhs) 39,084 40,834 100,542 102,462 Total electric customer meters (thousands) 3,744 3,673 Ecogas Natural gas sales (Bcf) — — 2 2 Natural gas customer meters (thousands) 137 129 ENERGY-RELATED BUSINESSES Power generated and sold Sempra Mexico Termoeléctrica de Mexicali (TdM) (millions of kWhs) 893 1,032 2,176 2,862 Wind and solar (millions of kWhs) (3) 432 419 1,304 1,109 (1) Include intercompany sales. (2) Includes 100% of the electric deliveries and customer meters of Oncor Electric Delivery Company LLC (Oncor), in which we hold an indirect 80.25% interest through our investment in Oncor Electric Delivery Holdings Company LLC. (3) Includes 50% of the total power generated and sold at the Energía Sierra Juárez wind power generation facility, in which Sempra Energy has a 50% ownership interest. SEMPRA ENERGY Table F (Unaudited) STATEMENTS OF OPERATIONS DATA BY SEGMENT Three months ended September 30, 2020 (Dollars in millions) SDG&E SoCalGas Sempra Texas Utilities Sempra Mexico Sempra LNG Consolidating Adjustments, Parent & Other Total Revenues $ 1,472 $ 842 $ — $ 351 $ 63 $ (84) $ 2,644 Cost of sales and other expenses (957) (661) — (160) (105) 66 (1,817) Depreciation and amortization (200) (165) — (47) (2) (4) (418) Other (expense) income, net (2) (7) — 36 — 2 29 Income (loss) before interest and tax (1) 313 9 — 180 (44) (20) 438 Net interest (expense) income (102) (39) — (17) 17 (96) (237) Income tax (expense) benefit (33) 6 — (92) (18) 38 (99) Equity earnings, net — — 209 1 116 — 326 Earnings attributable to noncontrolling interests — — — (22) — — (22) Preferred dividends — — — — — (48) (48) Earnings (losses) from continuing operations $ 178 $ (24) $ 209 $ 50 $ 71 $ (126) 358 Losses from discontinued operations (2) (7) Earnings attributable to common shares $ 351 Three months ended September 30, 2019 (Dollars in millions) SDG&E SoCalGas Sempra Texas Utilities Sempra Mexico Sempra LNG Consolidating Adjustments, Parent & Other Total Revenues $ 1,427 $ 975 $ — $ 357 $ 100 $ (101) $ 2,758 Cost of sales and other expenses (802) (571) — (174) (120) 69 (1,598) Depreciation and amortization (196) (154) — (46) (2) (4) (402) Impairment losses (6) (37) — — — — (43) Loss on sale of assets — — — — — (3) (3) Other income (expense), net 19 1 — (30) — 3 (7) Income (loss) before interest and tax (1) 442 214 — 107 (22) (36) 705 Net interest (expense) income (105) (36) — (10) 4 (110) (257) Income tax (expense) benefit (71) (35) — — 2 43 (61) Equity earnings, net — — 212 37 17 — 266 (Earnings) losses attributable to noncontrolling interests (3) — — (50) 1 — (52) Preferred dividends — — — — — (36) (36) Earnings (losses) from continuing operations $ 263 $ 143 $ 212 $ 84 $ 2 $ (139) 565 Earnings from discontinued operations 248 Earnings attributable to common shares $ 813 (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) Represents post-closing adjustments related to the sale of our equity interests in our Chilean businesses. SEMPRA ENERGY Table F (Unaudited) STATEMENTS OF OPERATIONS DATA BY SEGMENT Nine months ended September 30, 2020 (Dollars in millions) SDG&E SoCalGas Sempra Texas Utilities Sempra Mexico Sempra Renewables Sempra LNG Consolidating Adjustments, Parent & Other Total Revenues $ 3,976 $ 3,247
SoCalGas Now Dispensing California-Produced Renewable Natural Gas at its Vehicle Fueling Stations for the First Time
LOS ANGELES, Oct. 29, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced it is for the first time dispensing California-produced renewable natural gas (RNG) at many of the natural gas fueling stations it operates across the state. The utility recently began purchasing RNG from Pixley-based Calgren Dairy Fuels (Calgren), which captures the greenhouse gas-producing manure from dairy farms and turns it into RNG, a renewable fuel. SoCalGas has dispensed 100% RNG from out-of-state sources at its fueling stations for a year. Calgren's facility is part of a rapidly growing biomethane industry in California and is currently the largest dairy biogas operation in the U.S. Photos of the fueling stations and Calgren's dairy digester facility are available here. A video demonstrating RNG's ability to reduce California's transportation emissions is available here. "With the right incentives in place, RNG has significant opportunity to help the state move toward carbon-neutrality in not only the transportation sector but in many areas where traditional natural gas is now used." "RNG is an important tool in reducing greenhouse gas emissions, which cause climate change, and we're looking forward to major growth in production of this renewable fuel in California," said Jawaad Malik, SoCalGas vice president of gas acquisition. "With the right incentives in place, RNG has significant opportunity to help the state move toward carbon-neutrality in not only the transportation sector but in many areas where traditional natural gas is now used." "Calgren is excited to be one of the leading production facilities in the U.S., which will eventually capture the waste of more than 132,000 cows from at least 18 dairies," said Lyle Schlyer, president of Calgren. "Using the methane captured from dairy waste for transportation fuel is good for the environment because it not only keeps methane from escaping to the air, it allows us to replace traditional natural gas with a renewable version, and it reduces pollution from diesel truck engines." RNG is produced when methane, a greenhouse gas that occurs naturally when organic waste breaks down, is captured and upgraded to pipeline standards rather than being released into the air. Organic waste sources such as dairy farms, landfills, sewage, food waste, and dead forest trees create about 80% of all methane emissions in California. Capturing this methane and converting it to RNG rapidly reduces greenhouse gas emissions. In California, a 2016 law requires a 40% reduction of methane emissions from waste sources, with provisions to deliver that energy to customers. Production of the fuel has accelerated quickly in California, supported by state incentive programs seeking to reduce greenhouse gas emissions from trucking and dairy farms. In just the next three and a half years, at least 160 RNG production facilities will be online in California to serve the transportation fuel sector, producing more than 15.8 million therms of carbon-negative RNG every year and replacing about 119 million gallons of diesel fuel. That's enough to reduce greenhouse gas emissions by over 3.4 million tons every year, the equivalent of taking more than 730,000 cars off the road. Renewable natural gas trucks currently displace about 150 million gallons of diesel fuel in California. By increasing RNG trucks by ten times and decreasing diesel trucks by half, California could cut NOx emissions by 200 tons and reduce greenhouse gas emissions by 10 million tons. In addition, California recently enacted legislation that expands the definition of renewable natural gas to include organic waste such as dead trees, agricultural waste and vegetation removed for wildfire mitigation which is typically converted to RNG by non-combustion thermal conversion. The new legislation has a twin benefit of helping to manage wildfires with reduced debris and also lowering greenhouse gas emissions. To help expand the growth and use of RNG, SoCalGas has proposed a service that would give its customers the option to purchase a portion of their natural gas from renewable sources, just as millions of people can opt to purchase renewable electricity today. The California Public Utilities Commission (CPUC) has issued a draft ruling authorizing such a service, which is expected to be voted on by the end of the year. Investment in RNG is also growing beyond California. Oregon recently enacted legislation allowing its natural gas utilities to purchase RNG on behalf of its customers, with the goal of replacing 15% of traditional natural gas with RNG by 2030. Virginia-based Dominion Energy has committed to investing in enough RNG projects to make its gas infrastructure net-zero carbon by 2040. In 20 years, enough RNG could be available in the U.S. to replace about 90% of the nation's current residential natural gas consumption, according to a recent study by ICF. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable 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. 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 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 gas by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline 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
SoCalGas and The Laundry Truck LA Unveil New Equipment to Provide Free Laundry Services to Unhoused Angelenos
LOS ANGELES, Oct. 22, 2020 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today partnered with The Laundry Truck LA (TLTLA) to unveil the organization's newest trailer which will provide free mobile laundry services to unhoused individuals in the Greater Los Angeles area. The trailer is fully equipped with five sets of washers and dryers, a folding station, and a water heater. With the addition of the new trailer, TLTLA is expecting to complete over 10,000 loads of laundry by the end of 2020. Please see photos from the media event here. The Laundry Truck LA is a non-profit organization dedicated to providing free mobile laundry services for those in need throughout Los Angeles and is one of the first mobile laundry services in the country to serve the homeless population. With the help of additional sponsors and partners, TLTLA has successfully expanded their operations to meet growing demands. Earlier this year, Landi Renzo USA donated a converted CNG Ford F-250 pickup truck equipped with the company's Eco Ready™ compressed natural gas (CNG) system to assist with TLTLA's efforts. The addition of the truck will help TLTLA expand their reach to more people in need while reducing their environmental impact and lowering greenhouse gas emissions. TLTLA's trailers offer services seven days a week, including night shifts, to unhoused individuals throughout Los Angeles County's parks, recreation centers and specialized locations. These free laundry services are made available exclusively to individuals experiencing homelessness at designated locations. Accessible personal care services, like laundry, play a large part in helping improve the day-to-day livelihood, self-confidence, hygiene, and future opportunities for underserved populations. "We are proud to join with SoCalGas in launching this new truck," said Councilmember Gil Cedillo. "As an early supporter of The Laundry Truck LA, we have been gratified to watch this organization grow, and reach more people experiencing homelessness in our community. Clean clothing is something so many of us take for granted, but it is truly a human right and need for us all. They provide a great service to the homeless in Council District 1." "Thanks to The Laundry Truck LA, many people experiencing homelessness in Los Angeles County have been able to wash and dry their clothes free of cost. That is why I proudly supported The Laundry Truck LA with a grant of $90,405, which made it possible for Laundry Truck LA to provide critical laundry services to residents of the Winter Shelter in Bassett Park," said Los Angeles County Supervisor Hilda L. Solis. "Access to laundry services is a simple way to give our unhoused neighbors self-confidence and a sense of dignity." "I look forward to having my clothes washed and folded every week. This is a great necessity, especially during this time of the coronavirus," said TLTLA guest Daniel. "What I appreciate the most about The Laundry Truck and their services is their ability to treat all their guests like a human being, regardless of their situation or background." Earlier this year, SoCalGas donated $25,000 to TLTLA to support rising demands for personal care and laundry services. "As an Angeleno myself, I am extremely proud to join forces with The Laundry Truck LA to provide much needed support and services to our unhoused neighbors throughout Los Angeles County," said Andy Carrasco, vice president of strategy and engagement, and chief environmental officer at SoCalGas. "Our partnership with The Laundry Truck LA and Landi Renzo allows us to make a positive impact to our community and the environment." "People experiencing homelessness in LA have been hit hard by the pandemic, and the demand for our free mobile laundry services has never been higher," said Jodie Dolan, founder of The Laundry Truck LA. "We are deeply grateful to SoCalGas and Landi Renzo for their incredible support and partnership. This new truck enables us to expand our reach and provide our services to those who need them most." SoCalGas COVID-19 Pandemic Response Since March, SoCalGas has donated more than $2.74 million to nonprofit organizations for COVID-19 recovery efforts, including supporting the region's workforce, feeding the hungry, providing bill assistance to customers, and more. For more information on SoCalGas's response to the COVID-19 pandemic, please visit www.socalgas.com/coronavirus. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable 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. 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 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 gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline 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 The Laundry Truck LA Founded in 2017, The Laundry Truck LA (TLTLA) is a non-profit organization dedicated to providing free mobile laundry services for people experiencing homelessness in Los Angeles. TLTLA was one of the first mobile laundry services in the country to serve people experiencing homelessness, and is one of a handful in the world. TLTLA is expanding its services through local city, county and community support – and provided an estimated 3,000-4,000 loads of laundry in 2019. Accessible personal care services, like clean laundry, truly impact lives, and can make the difference in securing employment or housing, or for kids, the difference in having a positive school experience. For additional information, please visit https://www.thelaundrytruckla.com/. SOURCE Southern California Gas Company
The YMCA Of Metropolitan Los Angeles And SoCalGas Join Forces To Bring Wifi Connectivity To In-Need Communities
LOS ANGELES, Oct. 19, 2020 /PRNewswire/ -- Distance learning has brought to light a number of equity challenges facing many Los Angeles County students and their families. One challenge that stands out is the lack of wifi connectivity to allow adequate access to at home learning and other resources. The YMCA-LA and SoCalGas have partnered to provide free unlimited internet access to outdoor spaces at 20 Y branches throughout Los Angeles. This initiative is funded via a generous donation made by SoCalGas of $60,000 and provides in-need communities with this vital utility. "We greatly appreciate the generosity of SoCalGas," said Mario Valenzuela, Vice President of Equity and Inclusion, YMCA-LA. "Their donation allows us to give in-need communities equal access to the internet and in turn equal opportunities as everyone else to learn and thrive." The goal of the initiative is to bridge the digital divide with free wifi connectivity to support distance learning, offer career counseling, tele-health resources, job opportunities and other necessary resources to thrive in today's current climate. The program kicks off on October 19 with four Y branches: Weingart East Los Angeles Family YMCA; Weingart YMCA Wellness & Aquatic Center; Wilmington Family YMCA; and Montebello-Commerce Family YMCA. An additional 16 branches will follow in the next few weeks with all branches operational by November. "SoCalGas and the YMCA share the common goal of improving the quality of life in the communities in which we serve. We are proud to partner with the Y to help close the digital divide and provide free public wifi to all," said Cedric Williams, Vice President of Customer Services for SoCalGas and YMCA Board Member. "This initiative will open the doors of opportunity to many Angelenos, in particular students, jobseekers, and those in need of tele-health resources." Internet access is unlimited and availability is in line with branch hours. Visit ymcala.org to find wifi locations and information. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable 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. 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 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 gas by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline 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 the YMCA of Metropolitan Los Angeles: Since the pandemic crisis YMCA-LA has been supporting the community by providing over 750,000 Grab & Go meals to kids and teens and their families, delivering tens of thousands of meals to homebound seniors and providing 25,000+ hours of free child care to emergency responders and essential workers. They have leveraged their facilities to provide nearly 15,000 showers for the homeless and are hosting over 70 blood drives to ensure LA County 's blood supply is ready for all of our needs. The Y also wishes to thank their members for their commitment. Without them, the Y could not have provided the level of community support during these difficult times. For more information on YMCA-LA programs visit www.ymcala.org SOURCE Southern California Gas Company
Sempra Energy To Report Third-Quarter 2020 Earnings Nov. 5
SAN DIEGO, Oct. 15, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to release its third-quarter 2020 earnings by 7 a.m. ET, Thursday, Nov. 5. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Thursday, Nov. 5. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link. Prior to the conference call, a slide presentation detailing the earnings results also will be posted by 7 a.m. ET, Thursday, Nov. 5, on Sempra Energy's website. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 8857186, or it can be accessed on the company's website. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. SOURCE Sempra Energy
SoCalGas Offers Disaster Preparedness Tips in Recognition of 13th Annual Great California Shakeout
LOS ANGELES, Oct. 15, 2020 /PRNewswire/ -- In observance of the 13 th annual Great California ShakeOut event, Southern California Gas Co. (SoCalGas) today reminded customers about the importance of emergency preparedness. Natural disasters such as earthquakes can happen at any moment, almost always without warning... SoCalGas encourages customers to be aware of their surroundings after an earthquake and not to turn off their natural gas unless there are signs of a natural gas leak and it is safe to do so. "The safety of our communities is a priority at SoCalGas and we are proud to participate in The Great California ShakeOut to help bring awareness about the importance of being prepared for an earthquake or other emergency," said Angelica Espinosa, vice president and chief risk officer at SoCalGas. "We want to take this opportunity to educate our customers on some simple steps they can take to help keep their families safe." California is at a higher risk for earthquakes compared to the rest of United States and natural disasters can happen at any moment. Last year, over 10.9 million Californians participated in the Great California ShakeOut event, which offers many ways for individuals, businesses, schools, and others to practice what to do during and after an earthquake. "The Great Shakeout event is crucial in helping us all be aware of the risk from earthquakes and take the steps to prevent further harm to ourselves and our families. With the ongoing pandemic, many of us continue to remain sheltered in place at home – it's even more important now than ever to emphasize preparedness actions that can reduce risks from earthquakes," said Dr. Lucy Jones, seismologist and founder of the Dr. Lucy Jones Center for Science and Society. "Remember to practice drop, cover, and hold on with family and friends to make sure you remain safe in the next real earthquake, and take one other step to protect yourself, your family, and your community." SoCalGas offers the following tips: Know where your gas meter is located and keep a 12" or larger adjustable wrench with your emergency supplies, near your building exit or next to your gas meter shut-off valve. Do not store the wrench on the gas meter or other gas piping. Be prepared to turn off your natural gas meter but ONLY in the event you smell natural gas, hear the sound of natural gas escaping or see other signs of a leak--and ONLY if it is safe to do so. *** Depending on how many customers are without natural gas service, it may take an extended period of time for SoCalGas to turn your natural gas services back on. Remember there may not be a need to shut your natural gas off. Learn more here . If you turn off gas to the meter, leave it OFF. Do not turn it back on yourself. Interior gas piping and appliances must be inspected for possible damage before service can be safely restored. Call SoCalGas to turn the gas back on, relight the pilots and service your appliances. (Note that certain repairs may have to be performed by your plumber or heating contractor. However, only SoCalGas field employees are allowed to turn on the gas to the meter.) DO NOT ignite a flame or use any electrical appliances, light switches or other devices that can cause a spark until you are sure there are no gas leaks. Check safety devices, such as smoke and carbon monoxide detectors, to ensure that they are functioning properly. For more natural gas safety information, visit socalgas.com/stay-safe/emergency-information/emergency-preparedness. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable 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. 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 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 gas delivery infrastructure while keeping bills affordable for our customers. From 2014 through 2018, the company invested nearly $6.5 billion to upgrade and modernize its pipeline 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
Sempra Energy Named To Forbes' JUST 100 List
SAN DIEGO, Oct. 15, 2020 /PRNewswire/ -- Forbes and JUST Capital have named Sempra Energy (NYSE: SRE) to the Forbes JUST 100 list, which is intended to recognize companies that are doing right by all their stakeholders, including employees, customers, communities, the environment and shareholders. "Sempra Energy's vision to deliver energy with purpose comes to life through our stakeholder-centered approach and leading with environmental, social and governance principles," said Lisa Alexander, senior vice president of corporate affairs and chief sustainability officer for Sempra Energy. "It's an honor to see Forbes and JUST Capital recognize Sempra Energy as a 'most just' corporation working to create long-term sustainable value for our stakeholders." "Now more than ever, business leaders have the chance to spark lasting systemic change within their companies and across society," said Forbes Senior Editor Steven Bertoni. "The companies in this year's JUST 100 show that we can face the twin tragedies of the COVID-19 pandemic and racial inequality and continue to improve our actions and refocus our missions to do better, and be better, for all stakeholders." Through vigorous, objective analysis determined by data from public reports, company surveys and crowd-sourced repositories, the Forbes JUST 100 evaluates and celebrates U.S. publicly traded corporations that outperform on the issues that matter most to the American public – paying a fair wage, upholding human rights across the supply chain, investing in worker training, acting ethically and with integrity, cultivating a diverse and inclusive workplace, protecting worker health and safety, providing good benefits and work-life balance, and more. By striving to meet the needs of all stakeholders, JUST 100 leaders demonstrate that profits and purpose go hand in hand. United under a vision to deliver energy with purpose, Sempra Energy's 18,000 employees power the lives of more than 35 million consumers. This award represents the company's continued progress on living its values: do the right thing, champion people and shape the future. To learn more about Sempra Energy's commitment to environmental, social and governance principles, please read the 2019 corporate sustainability report. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. About JUST CapitalThe mission of JUST Capital, an independent nonprofit, is to build an economy that works for all Americans by helping companies improve how they serve all their stakeholders – workers, customers, communities, the environment, and shareholders. We believe that business and markets can and must be a greater force for good, and that by shifting the resources of the $19 trillion private sector, we can address systemic issues at scale, including income inequality and lack of opportunity. Guided by the priorities of the public, our research, rankings, indexes, and data-driven tools help measure and improve corporate performance in the stakeholder economy. To learn more about how data-driven insights are creating a more just future for capitalism, visit: www.JUSTCapital.com. About ForbesThe defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 160 million people worldwide through its trusted journalism, signature LIVE events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Connect. SOURCE Sempra Energy
Sempra Energy Receives National Association of Corporate Directors NXT Award for Diversity and Inclusion
SAN DIEGO, Oct. 14, 2020 /PRNewswire/ -- Sempra Energy's (NYSE: SRE) board of directors has received the National Association of Corporate Directors' NXT Award recognizing boards that have made transformative efforts in the areas of diversity and inclusion. "Diversity and inclusion have been part of Sempra's DNA for decades, underpinned by our board's view that inclusive teams are essential to building a stronger and more successful company," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "It's an honor to receive this award as an acknowledgement of our progress to date and commitment to further live our values to do the right thing, champion people and shape the future." Sempra Energy received the award due to its exemplary diversity and inclusion programs held across its family of companies. This includes launching Community Conversations, a series of employee dialogues held in the wake of racial injustice issues this summer. These dialogues, as well as strategic guidance from Sempra Energy's board of directors, accelerated the efforts to drive substantive and enduring change across the Sempra family of companies with a view toward ensuring every employee is valued, respected and enabled to reach their full potential. Additionally, targeted volunteer and charitable giving programs are aimed at re-invigorating diverse spending goals with community partners. Sempra Energy's regulated California utilities have consistently exceeded internal goals for supplier diversity, as well as those set by the California Public Utilities Commission. Sempra Energy has been recognized as a Best Place to Work for LGBTQ Equality by the Human Rights Council and is included in Bloomberg's Gender-Equality Index. Nominations were evaluated by an independent selection committee composed of leading corporate directors and executives. Each board is evaluated on the following criteria: strength of the organization's diversity, equity and inclusion, and/or belonging objectives; the organization's ability to define and measure the success of its diversity and inclusion objectives; board composition, culture and practices that align with the organization's diversity and inclusion objectives; how the company's diversity and inclusion initiatives permeate not only the organization internally but its external stakeholders; and how innovation was spurred based on diversity and inclusion efforts. About Sempra EnergySempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. About NACD The National Association of Corporate Directors (NACD) empowers more than 21,000 directors to lead with confidence in the boardroom. As the recognized authority on leading boardroom practices, NACD helps boards strengthen investor trust and public confidence by ensuring that today's directors are well prepared for tomorrow's challenges. World-class boards join NACD to elevate performance, gain foresight, and instill confidence. Fostering collaboration among directors, investors, and corporate governance stakeholders, NACD has been setting the standard for responsible board leadership for more than 40 years. To learn more about NACD, visit https://www.nacdonline.org/. SOURCE Sempra Energy
Sempra Energy Supports Southwest Louisiana With Hurricane Delta Relief Funds
SAN DIEGO, Oct. 12, 2020 /PRNewswire/ -- In the wake of Hurricane Delta, Sempra Energy (NYSE: SRE) today pledges $100,000 to assist communities in Southwest Louisiana and Southeast Texas in recovering from back-to-back hurricanes. This builds on a $500,000 pledge by the Sempra Energy Foundation toward recovery efforts after Hurricane Laura struck the region in August. "Hurricane Delta has multiplied the hardship on Gulf Coast communities, including families and small businesses still recovering from Hurricane Laura and suffering from the COVID-19 pandemic," said Lisa Alexander, senior vice president of corporate affairs for Sempra Energy. "We are committed to strengthening communities where Sempra Energy operates and know these funds will provide much-needed support, particularly to the resilient people of Southwest Louisiana." Together with the previous pledge from the Sempra Energy Foundation and generous commitments from Sempra Energy partners, this additional pledge from Sempra Energy will help families and small businesses repair damage caused by flooding and sustained winds. Together, these commitments will help speed the recovery of property for those hit hard from back-to-back storms on top of an economic recession. Sempra Energy, the Sempra Energy Foundation and Sempra LNG will engage community partners and local government in the Gulf Coast to help identify areas of need and distribute the funds. Over the last three years Sempra Energy, Sempra LNG and the Sempra Energy Foundation have committed more than $3.5 million to nonprofit organizations providing services in Texas and Louisiana. About Sempra Energy Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. About the Sempra Energy Foundation The Sempra Energy Foundation is a 501(c)(3) private foundation based in San Diego. The foundation was founded by Sempra Energy. The Sempra Energy Foundation is committed to making a difference through partnerships that produce sustainable and responsible change. Over time, the foundation has invested in communities where Sempra Energy employees live and work, responded to a wide range of natural disasters, and encouraged community collaboration. SOURCE Sempra Energy

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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).