Powering the Lone Star State
Sempra Energy’s strategic mission is to be North America’s premier energy infrastructure company, and there’s no place bigger than Texas when it comes to energy.
Texas leads the nation in energy production as the number one producer of oil, natural gas and gasoline. But Texas is more than just an oil and gas state. Texas both produces and consumes more electricity than any other state, and has almost 25,000 megawatts of wind energy capacity.
Energy Opportunities in Texas
Last year, Sempra Energy made a bold move through the acquisition of an approximate 80-percent majority interest in Oncor, Texas’ largest utility that serves approximately 10 million Texans. Oncor plays a key role in connecting the more than 1,000 new Texans added to the state every day to safe, reliable, affordable power. The Dallas-Ft. Worth Metroplex is one of the fastest-growing metropolitan areas in the country, and booming oil and gas production in the Permian Basin in West Texas will require substantial new electrical infrastructure over the coming decade.
This is creating a big opportunity for Sempra Energy. The company is continuing to grow in Texas through Oncor’s acquisition of InfraREIT, Inc. — a transmission company that overlaps and is adjacent to Oncor’s existing transmission footprint — solidifying Oncor’s role in connecting the next generation of renewable energy generation to Texas customers at the lowest rates of any investor-owned utility in Texas.
Whether it’s connecting new wind, solar and storage to the Texas grid, or building out infrastructure to serve a booming Texas economy, Sempra Energy’s opportunities to continue to grow in Texas are only just beginning.