Sempra Energy's commitment to building a highly profitable energy services
company requires an uncommon attention to financial stewardship. A financially strong company that invests wisely and manages its costs and risks prudently is able to capitalize on opportunities when they arise.
The mark of any successful company is the quality of its investments. Sempra Energy's sound investments have enabled the company to maintain a healthy balance sheet, ample liquidity and solid, investment-grade credit ratings.
Sempra Energy's debt structure fits the risk profile of its assets. This enables the company to manage effectively through changing market cycles, maintaining a stable capital-expenditure program and the ability to provide shareholders with a reliable dividend.
Sempra Energy's California utilities and their customers benefit from economies of scale, with the largest customer base of any energy utility in the United States. Sempra Energy Global Enterprises develops assets that are technologically advanced and among the most cost-efficient in the industry.
Every business has risks. What distinguishes Sempra Energy from others in
the industry is how well the company identifies and manages those risks. Sempra Energy assumes only those risks that it can understand and manage effectively—a philosophy that permeates virtually every aspect of the company's operations.
Sempra Energy's experienced management team recognizes that unexpected market, regulatory or political events often impact the best-laid plans, so flexibility is built into every business plan. The financial flexibility that evolves from a strong balance sheet, solid credit ratings, tight cost controls and a balanced portfolio of businesses enables the company to succeed under a broad range of economic scenarios.
The result for Sempra Energy shareholders is a company that has provided superior returns since it was formed in 1998.
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