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Displaying results 436 - 450 of 1201
SDG&E Releases Decarbonization Roadmap With First Utility Industry Standard Reliability Analysis
One of the biggest challenges facing the San Diego region and California is how to decarbonize key economic sectors over the next two decades, while also helping to ensure electric reliability, affordability and equity. A study released today by San Diego Gas & Electric offers recommendations designed to help meet the monumental challenge of achieving California’s goal of carbon neutrality by 2045 – removing as much carbon emissions from the atmosphere as the state produces. While other studies have been published on how to decarbonize California’s economy through electrification of sectors such as transportation and buildings, SDG&E’s study, “ The Path to Net Zero: A Decarbonization Roadmap for California,” also incorporates for the first time the utility industry standard for reliability using industry-specific planning tools to chart what we believe to be an achievable approach. The industry standard considers an electric system to be reliable if it experiences only one power outage every ten years due to the probability of energy demand exceeding supply. Conducted with technical support from the Boston Consulting Group, Black & Veatch and UC San Diego Professor David G. Victor, the study concluded that a diversified decarbonization approach is necessary: a combination of clean electricity, clean fuels (such as renewable natural gas and clean hydrogen) and carbon removal. “Accelerated electrification of transportation and other sectors is essential to California and our region’s sustainability. It is also incredibly important that California takes electric reliability into consideration and doesn’t leave anyone behind when developing a decarbonization roadmap,” said SDG&E CEO Caroline Winn. “Given the scale of the transformation required to achieve California’s ambitious goals, collaboration across many sectors will be critical. SDG&E alone cannot implement the decarbonization Roadmap, but we are committed to helping enable an equitable, safe, reliable and affordable energy transition, and that includes investments in electric vehicle charging infrastructure, grid modernization and emerging innovations like long-duration, hydrogen-based energy storage.” Victor, co-director of UCSD’s Deep Decarbonization Initiative, served as the study’s advisor and echoed one of its key findings. “While the exact combination of technologies and investments needed to get to net zero is unknown at this time, what is certain today is that a flexible and diversified approach to decarbonization is both prudent and necessary to help ensure we are eliminating carbon emissions while also safeguarding grid reliability,” he said. Victor also noted that decarbonization, done well, could actually lower the fraction of the California economy that is spent on energy services while also providing leadership on global strategies to cut emissions. “The state’s clean energy industry is ready to lead the way on decarbonization and deliver solutions that benefit our environment, local communities and the economy,” said Jason Anderson, president and CEO of Cleantech San Diego. “SDG&E’s analysis helps shine a light on the importance of policy collaboration and the need to rapidly scale a broad set of innovative energy technologies to reach California’s climate goals.” “As an advocate for a just and equitable energy transition, I believe we all need to work together to accelerate the pace of decarbonization and bring everyone along,” said County Chair Nathan Fletcher. “We need to provide support for low-income and working households while the region moves towards adoption of clean technologies, such as electric vehicles and electric appliances.” Takeaways from the Study California is estimated to need to decarbonize at 4.5 times the pace over the past decade to reach its carbon neutrality goal and mitigate the negative impacts of climate change. Electric generation capacity is estimated to need to increase to about four times the capacity that existed in 2020, in order to support transportation and building electrification. Between 2020 and 2045, electric consumption is expected to increase by 96%. To keep electric service reliable, California will need to complement its growing portfolio of intermittent solar and wind generation with a mix of clean, firm and flexible resources that can be dispatched at any time to meet needs. Installing 40 GW of new battery storage, as well as 20 GW of dispatchable generation from 100% clean hydrogen combustion by 2045 is projected as necessary to meet this goal. According to the California Independent System Operator, the statewide grid has interconnected about 2,600 MW of energy storage as of January 2022, but no electric generation from 100% clean hydrogen combustion. It is estimated that by 2045, there will be demand for 6.5 million metric tons of clean hydrogen across the economy, 80% of which is projected to be used to enhance the reliability of the electric supply. The implementation of the Roadmap requires regulatory and political support from four fronts to: 1) prioritize electric sector reliability; 2) maintain affordability and enhance equity; 3) incentivize innovation and adaptability; 4) and enable the deployment of decarbonization infrastructure. To help accelerate the energy transition, SDG&E will share this study widely with key stakeholders to stimulate conversations and cross-sector collaboration. SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter ( @SDGE), Instagram ( @SDGE) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S. in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) the ability to realize anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; changes to laws; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; the impact 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 Community Choice Aggregation and Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; volatility in inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on our cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra LNG, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
Sempra Infrastructure Announces Heads of Agreement with TotalEnergies, Mitsui, Mitsubishi and NYK for Cameron LNG Phase 2
Sets commercial framework for expansion and offtake Advances development with selection of two contractors to conduct front-end engineering and design SAN DIEGO, April 4, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced today it has entered into a Heads of Agreement (HOA) with affiliates of TotalEnergies, Mitsui & Co. and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK), for the development of the Cameron LNG Phase 2 export project in Hackberry, Louisiana. "We are excited to continue advancing Cameron LNG Phase 2 with our partners," said Justin Bird, CEO of Sempra Infrastructure. "Today's announcement represents the shared focus of the Cameron LNG partners to increase the supply of cleaner U.S. natural gas to global markets, while also facilitating the energy security of our allies." The HOA provides the commercial framework for the expansion of the Cameron LNG facility by adding a fourth liquefied natural gas (LNG) train and increasing the production capacity of the three operating trains through debottlenecking activities. The HOA also contemplates the allocation to Sempra Infrastructure of 50.2% of the projected fourth train production capacity and 25% of projected debottlenecking capacity under tolling agreements, with the remaining capacity allocated equally to the existing Cameron LNG Phase 1 customers. Sempra Infrastructure plans to sell the LNG corresponding to its capacity under long-term sale and purchase agreements prior to taking a final investment decision. Additionally, Sempra Infrastructure announced that Cameron LNG awarded two Front-End Engineering Design (FEED) contracts to Bechtel Energy Inc. and a joint venture between JGC America Inc. and Zachry Industrial Inc. At the conclusion of this competitive FEED process, one contractor is expected to be selected to be the engineering, procurement and construction (EPC) contractor for the project. The proposed Cameron LNG Phase 2 project is expected to include a single LNG train with a maximum production capacity of 6.75 million tonnes per annum (Mtpa) of LNG, as well as debottlenecking of the existing three LNG trains. The project is expected to include certain design enhancements resulting in a more cost-effective and efficient facility, while also reducing overall greenhouse gas emissions. The HOA is a preliminary non-binding arrangement, and the development of the Cameron LNG Phase 2 project remains subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision by each of the Cameron LNG partners. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, but companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website at www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries are regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure
Sempra Infrastructure and KOGAS Sign MOU Exploring New Infrastructure Opportunities for Energy Transition
SAN DIEGO, April 4, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Korea Gas Corporation (KOGAS) announced today the companies have entered into a memorandum of understanding (MOU) to explore opportunities to cooperate in the global energy transition to lower-carbon and zero-carbon fuels. The MOU contemplates the companies' joint collaboration around project development and offtake across multiple business areas, including liquefied natural gas (LNG), carbon capture and sequestration, and hydrogen infrastructure. "We are excited to work with KOGAS to advance the development of a series of critical, energy-transition projects," said Justin Bird, CEO of Sempra Infrastructure. "Given our shared values and strategies, there are multiple opportunities for Sempra Infrastructure and KOGAS to collaborate across the lower-carbon value chain to deliver cleaner and more secure energy to our partners around the world." "Signing this MOU, KOGAS and Sempra Infrastructure share a strong commitment to decarbonization and green energy, including a joint commitment to take a leadership role in the lower-carbon energy market. KOGAS will focus on securing a new growth engine for the future by developing new business projects with Sempra Infrastructure," said Chae Hee-bong, KOGAS CEO and President. Sempra Infrastructure is currently developing multiple world-class energy transition projects in North America, including LNG export projects to serve customers in both the Atlantic and Pacific Basin, as well as new opportunities in renewable energy, carbon capture and sequestration, hydrogen and ammonia. The referenced MOU is non-binding, and the development of these joint projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision with respect to each project. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter. About KOGAS KOGAS has been supplying natural gas safely and reliably for 38 years to improve convenience in the lives of citizens and playing a key role in the transition to eco-friendly energy. The company, as Korea's representative global energy company, is currently engaged in 25 overseas projects from upstream sector to the downstream sector. KOGAS will now lead the world energy industry to a new horizon to become the global standard for energy enterprise beyond Korea as the paradigm shifts towards eco-friendly energy. For more information about KOGAS, please visit www.kogas.or.kr. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, but companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries are regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure
Glen Donovan Appointed Vice President of Investor Relations for Sempra
SAN DIEGO, April 1, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that Glen Donovan, currently vice president of development for Sempra Infrastructure's LNG and net-zero solutions business, has been appointed vice president of investor relations for Sempra. Manuela "Nelly" Molina, Sempra's current vice president of investor relations, has been named vice president of audit services effective April 2, 2022. "Glen's leadership experience across the Sempra family of companies and contributions to sustainable development at our infrastructure business make him a key asset as he returns to take on a critical leadership role at Sempra," said Trevor Mihalik, executive vice president and chief financial officer of Sempra. "In his new role as vice president of investor relations, Glen will help shape how we highlight Sempra's growth and business story to our shareholders to further demonstrate our commitment to a sustainable future." As vice president of development at Sempra Infrastructure, Donovan oversaw the development of LNG and net-zero opportunities, including exploring existing infrastructure for clean hydrogen production. Donovan previously served as vice president of finance and vice president of project development and structuring for Sempra LNG and held various positions of increasing responsibility at Sempra Renewables, including vice president of business development. In these roles, he was responsible for renewable project finance, mergers and acquisitions, asset management and renewable contract origination. At Sempra, Donovan has held several corporate finance roles, including director of investor relations, and oversaw the company's planning and analysis functions. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra. SOURCE Sempra
Sempra and TotalEnergies Expand North American Strategic Alliance for LNG and Renewable Development Projects
SAN DIEGO, March 31, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) and TotalEnergies today announced that Sempra Infrastructure, a subsidiary of Sempra, and TotalEnergies are expanding their North American strategic alliance through two memoranda of understanding (MOU): one for Sempra Infrastructure's proposed Vista Pacífico LNG project in Mexico; and a second MOU for a proposed offshore wind project in California under development by TotalEnergies, as well as other renewable energy and energy storage projects under development by Sempra Infrastructure in Northern Mexico. The MOU for Vista Pacífico LNG contemplates TotalEnergies potentially contracting for approximately one-third of the long-term export production of the liquefied natural gas (LNG) facility under development on Mexico's West Coast, as well as TotalEnergies' potential participation as a minority equity investor in the project. The second MOU provides a framework for broader cooperation in the development of North American renewable energy projects, including the potential acquisition by Sempra Infrastructure of a target of 30% of TotalEnergies' equity interest in a proposed offshore wind project, which would result in 24% of the project, in preparation for an upcoming auction off the coast of California. In addition, the MOU provides the framework for TotalEnergies' potential acquisition of equity participation targeting 30% in certain Sempra Infrastructure renewable and energy storage development projects in Northern Mexico. "With last week's energy accord between the U.S. and European Commission, alliances between some of the leading energy companies like TotalEnergies and Sempra are increasingly important to transatlantic trade and energy security," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. "We own one of the largest energy networks in North America, and by collaborating with TotalEnergies to create additional scale advantages in LNG and renewable energy, our customers benefit from having access to cleaner and more affordable energy options and improved security of supply." “We are pleased to further strengthen our partnership with Sempra in North America in LNG and to extend it to renewables. Over the past years, TotalEnergies has become the leading exporter of U.S. LNG and has built up a pipeline of 4 GW of solar projects and 3 GW of offshore wind projects currently under development in the U.S.,” said Patrick Pouyanné, Chairman & CEO of TotalEnergies. “This new step in our collaboration allow us to go further in our ambition to offer our customers sustainable, affordable and reliable energy, in line with our transformation into a global multi-energy company.” Sempra Infrastructure and TotalEnergies are already participants in two joint venture projects: Cameron LNG, a 12-Mtpa LNG export facility operating in Hackberry, Louisiana, and Energia Costa Azul (ECA) LNG Phase 1, an approximately 3-Mtpa liquefaction facility under construction in Baja California, Mexico. The proposed Vista Pacífico LNG project is expected to be a mid-scale facility that would source lower-cost natural gas from the Permian Basin for export to high-demand markets, including Asia, Europe and South America, and to satisfy natural gas demand requirements in other regions of Mexico. In January, Sempra Infrastructure signed a non-binding agreement with Comisión Federal de Electricidad, Mexico's state-owned electric company, for the potential joint development of the Vista Pacífico LNG project. The MOUs that are the subject of this announcement are non-binding, and accordingly, the development of these projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits and reaching a final investment decision. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; 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 Community Choice Aggregation Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E's and SoCalGas' cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra LNG, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document. SOURCE Sempra
SoCalGas to Start Construction of Electric Vehicle Chargers in Support of Zero Emissions Fleet Goal
The utility plans to convert much of its light-duty fleet to electric vehicles and install 1,500 EV chargers LOS ANGELES, March 30, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) took another major step toward its ASPIRE 2045 sustainability goals today, announcing plans to install more than 240 electric vehicle (EV) chargers this year at nine company locations. SoCalGas also pledged to install EV chargers at 67 company facilities by the end of 2024, for a total of 1,500 new chargers over the next three years. A year ago, SoCalGas became the largest gas distribution utility in North America to set a net zero emissions target, consistent with California's climate goals and the Paris Agreement. To help reach that goal, the company aims to replace 50% of its over-the-road fleet with clean fuel vehicles by 2025 and operate a 100% zero-emission fleet by 2035. "Today's announcement is the latest example of SoCalGas making critical investments in the infrastructure that California will need to reach net-zero emissions by mid-century," said Sandra Hrna, vice president of supply chain and operations support at SoCalGas. "Whether they're powered by cutting edge batteries or hydrogen fuel cells, electric vehicles will be a big part of helping SoCalGas and California reach our shared climate and air quality goals. And thanks to our use of renewable electricity, the vehicles charged at most of these locations will be powered almost exclusively by solar and wind energy." "It's no secret the transportation sector is the largest contributor of greenhouse gases in California," said Assemblymember Miguel Santiago. "Electric vehicles will help reduce our state's carbon footprint, and SoCalGas' installation of EV chargers is one of many steps the utility is taking to help California decarbonize faster." "Southern California Edison is excited to help fleet owners, including fellow energy companies like SoCalGas, make the transition to zero-emission electric vehicles," said Lisa Cagnolatti, SCE senior vice president of customer service. "All of our customers will benefit from lower greenhouse gas emissions and cleaner air." SoCalGas is applying for SCE's Charge Ready program, which provides assistance with installing electrical infrastructure for EV charging stations. To help reach its goal of replacing 50% of the company's over-the-road fleet with clean fuel vehicles by 2025, SoCalGas recently purchased 50 Toyota Mirai hydrogen fuel cell vehicles (HFCEV), making SoCalGas among the first utilities in the nation to start transitioning to hydrogen-powered vehicles. And last year, SoCalGas converted 200 new Ford F-250 service pickup trucks to run on renewable natural gas. The service trucks are outfitted with the newest Landi Renzo Eco Ready™ equipment, a California Air Resource Board certified ultra-low emissions vehicles system. The company plans to purchase Ford F-150 Lightning electric trucks to be serviced by the new chargers. A full charge on one of the trucks provides a driving range of up to 300 miles. Since fleet charging typically occurs overnight, employees can charge their personal vehicles during the day to support a clean commute. Currently, a third of SoCalGas' fleet already operates on clean fuels and the company is on track with replacing 50% of its over-the-road fleet with alternative fuels by 2025 and operating a 100% zero-emissions fleet by 2035. This year SoCalGas announced its ASPIRE 2045 sustainability strategy to further integrate sustainability across our business. This strategy builds upon our climate commitment to achieve net zero greenhouse gas emissions in our operations and delivery of energy by 2045. The company is the largest North American gas distribution utility to set an ambitious net-zero goal that includes scopes 1, 2 and 3 GHG emissions. Read more at socalgas.com/mission. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the two goals of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
SDG&E Adds Second Energy Storage Facility in San Diego to Strengthen Grid Reliability and Advance Clean Energy Goals
Less than a year after it completed the Top Gun Energy Storage facility in the Miramar area, San Diego Gas & Electric (SDG&E) today announced the completion of a second energy storage project in the City of San Diego. SDG&E Senior Vice President of Customer Services and External Affairs Scott Crider, SDG&E Vice President of Energy Innovation Miguel Romero and local labor leaders cut the ribbon on the region’s latest energy storage facility located in Kearny Mesa. The new 20MW/80MWh facility can meet the energy needs of about 13,000 homes for up to four hours. “Investing in advanced technologies like energy storage is critical to advancing our state’s and region’s aggressive climate goals, including getting to net zero greenhouse gas emissions, with the added benefit of building a more resilient energy grid,” said SDG&E CEO Caroline Winn. “Project by project, step by step, we are making progress toward a cleaner, safer and more reliable energy future.” The Kearny facility is one of several SDG&E projects that will help California reach its goal of 100% carbon-free electricity, while also bolstering grid reliability during the summer. SDG&E completed the Top Gun Energy Storage, a 30MW/120MWh lithium-ion battery system, last June. The facility can provide the energy equivalent for serving 20,000 homes for four hours. Top Gun is connected to the California Independent System Operator (CAISO) market and can be dispatched by CAISO to support statewide grid needs. The Kearny facility began commercial operation this month and will also be available for dispatch by CAISO. By year end, SDG&E expects to have 145 MW of owned storage connected to the regional grid. To learn more about SDG&E’s clean energy projects, visit sdge.com/sustainability. Battery storage works by capturing renewable resources like wind and solar when they are abundant during the day, then sending that energy back to the grid when it is needed, such as at night when the sun has set or when energy supply is tight during hot summer months. The Kearny facility consists of lithium-ion phosphate batteries, which feature a chemistry that is more durable. The batteries are housed in special storage cubes that bring additional safety benefits such as temperature sensors and fire retardant. SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram ( @SDGE) and Facebook.
Joy Gao Q&A: lifting up our employees
Vice President of Risk Management Joy Gao leads Sempra’s risk management, insurance, physical security, and pension and trust investments functions while serving as a champion for women across our family of companies. Since joining Sempra in 2002, Gao has served in various roles of increasing responsibility across multiple functions. She also currently serves as an executive sponsor for Sempra’s employee resource group for women, a group committed to helping cultivate a sense of belonging while providing networking and career advancement opportunities for women. Learn more about Joy Gao in this Q&A: Tell us more about your current role and the responsibilities of your team at Sempra. At an overarching level, my team oversees the company’s enterprise risk management, including evaluating enterprise, credit and trading/market risks. On the insurance side, we procure and manage approximately 40 insurance programs across our enterprise, which represent the diversity of our business platforms, assets and functions in the communities we serve. My team also manages the company’s pension and trust investments, and physical security. Overall, my team helps the company face climate-related weather events, geopolitical challenges and other uncertainties, with a view to helping the company to remain on strong financial footing while maintaining reliable and resilient energy networks for our customers. How does your team help enable the global energy transition? My team is committed to helping enable the energy transition and mitigating climate risks for the nearly 40 million consumers we serve. Our department helps support important boots-on-the-ground work happening in the communities in North America in which we operate, such as San Diego Gas & Electric Company’s (SDG&E) wildfire mitigation programs. For example, with respect to credit risk, we are front and center when vetting potential commercial counterparts for the company’s new initiatives and investment projects. With respect to enterprise risk management, we also work with the strategy group to help make sure that any emerging risks are properly incorporated in the company’s strategies. On the insurance side we are trying to make sure that when taking on new initiatives, we transfer residual risk to insurers to the extent possible, in an effort to allow us to maintain a strong balance sheet to take on more sustainability-related opportunities. You are one of the executive sponsors for the women’s employee resource group here at Sempra. Why are groups like this important in creating Sempra’s high-performance culture? We always say that championing people is at the core of our values. I think this employee resource group is incredibly beneficial because it gives us leaders the opportunity to really hear employee questions and concerns. By engaging in constructive dialogue at this level, we are working to make our workplace an even more trusting community where people can feel good about coming to work each day. As I advanced my own career, I was lucky that my jobs allowed me to expand my professional network. If you look at other employees who either are just starting their careers or haven’t had a lot of in-person networking opportunities because of the COVID-19 pandemic, they may have not had the same opportunities. I hope to contribute, sponsor and share the contacts I have with our employee resource group for women. Not only do I hope to guide these employees in this way, but I also hope I’m helping Sempra maintain its strong ability to retain employees while advancing a sense of belonging. March is Women’s History Month. What memories or thoughts come to mind as you reflect on the month? In terms of feminism and women’s rights, I’ve seen things change so suddenly in China, where I was born. When thinking about the generation I grew up in compared to my grandmother’s generation, there was a massive societal shift in a short amount of time. When my grandmother was a girl, she had her feet bound. In my generation, feminism and women’s rights were key parts of everyday life. For example, in school in China, we would often recite the slogan, “women hold up half of the sky.” Students were evaluated based on their academic achievements, not their gender. As a result of this upbringing, my three sisters and I have very strong personalities and I am personally passionate about women’s equality. At Sempra we talk a lot about innovation, and I believe diversity and inclusion is a vital part of maintaining our innovative and high-performance employee culture. Every day I am committed to building a safe environment and advancing D&I so our employees can feel that they can bring their full selves to work each day. When an employee feels like they can be themselves, they will share new ideas, improve processes, and innovate — and that’s what will keep pushing our company forward. We can’t just believe in feminism, we need to take action to demonstrate the belief and be an active member of a feminist community. We can each be a leader in this area, regardless of our title. By doing so, we can advance equality.
Sempra advances energy security with TotalEnergies
The war in Ukraine has led to human suffering at a scale not seen in Europe since World War II, while also emphasizing the critical role of energy security in overall economic and social wellbeing. Among other takeaways from the conflict, there is a call for greater alignment and cooperation in support of Europe’s need for reliable access to diverse sources of cleaner energy. With last week’s energy accord between the U.S. and the European Commission, alliances between some of the leading energy companies like TotalEnergies and Sempra are increasingly important to transatlantic trade, energy security and environmental progress. With Sempra’s broad portfolio of liquefied natural gas (LNG) export projects in operations and development in North America, we are uniquely positioned to advance secure access to U.S. LNG for our allies abroad. Leveraging U.S. natural gas Working in concert with strong counterparties, Sempra is playing a critical role in building the 21st century energy networks that promote energy diversification, security, resiliency and affordable access to cleaner forms of energy for consumers around the world. The U.S. Energy Information Administration projects U.S. LNG exports will reach 11.4 billion cubic feet per day in 2022, accounting for an estimated 22% of expected world LNG demand. At CERAWeek in Houston, LNG took center stage. “Earlier this month, one of the key takeaways at CERAWeek was the immediacy of the need to support Europe and Asia with higher volumes of LNG,” said Justin Bird, chief executive officer of Sempra Infrastructure. “The spotlight is shining on the issue of security of energy supplies, and we believe the U.S. is well positioned to help solve that challenge.” Sempra and TotalEnergies expand strategic alliance This week, Sempra and TotalEnergies announced that Sempra Infrastructure, a subsidiary of Sempra, and TotalEnergies are expanding their North American strategic alliance through a non-binding memorandum of understanding (MOU) for the proposed Vista Pacífico LNG export facility in Topolobompo, Mexico. The MOU contemplates TotalEnergies contracting for approximately one-third of the long-term export production of the LNG facility under development on Mexico’s West Coast, as well as TotalEnergies’ potential participation as a minority equity investor in the project. The MOU also contemplates cooperation on several renewable energy projects in North America. Sempra Infrastructure and TotalEnergies are already partners in two joint venture projects: Cameron LNG, a 12-Mtpa LNG export facility operating in Hackberry, Louisiana; and Energía Costa Azul (ECA) LNG Phase 1, an approximately 3-Mtpa liquefaction facility under construction in Baja California, Mexico. “Over the past several years, TotalEnergies has become a leading exporter of U.S. LNG and has developed an impressive pipeline of renewable projects in the U.S.,” said Bird. “Expanding our strategic alliance at Cameron LNG and ECA LNG Phase 1 to a third LNG project on the West Coast highlights Sempra Infrastructure’s differentiated strategy of offering customers the optionality of directly dispatching LNG into both the Atlantic and Pacific regions.” The Vista Pacífico LNG project is expected to be a mid-scale facility that would source lower-cost natural gas from the Permian Basin for export to high-demand markets, including Asia, Europe and South America, and to satisfy natural gas demand requirements in other regions of Mexico. In 2020, TotalEnergies acquired a 16.6% equity stake in ECA LNG Phase 1, which is under construction, and signed a 20-year sale and purchase agreement for approximately 1.7 million tonnes per annum (Mtpa) of LNG from the export facility. Cameron LNG, developed by Sempra, is jointly owned by affiliates of Sempra Infrastructure, TotalEnergies, Mitsui & Co. Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nipon Yusen Kabushiki Kaisha. Working together to advance a better future for all Great global challenges can only be overcome when public and private industries from across the world coalesce around a collective goal. We must all do our part to improve energy security and advance climate goals through strategic investments in renewable energy and natural gas. Collaboration like we are announcing this week with TotalEnergies will be critical to support the future transformation of the world’s energy ecosystem. At Sempra, we think the U.S. has an important role to play in improving the energy security of Europe and the overall sustainability of advanced and emerging economies. This article contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this article. 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 article, forward-looking statements can be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company’s (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico’s trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; 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 Community Choice Aggregation Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC’s (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor’s independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E’s and SoCalGas’ cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, sec.gov, and on Sempra’s website, sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra LNG, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. None of the website references in this article are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document.
Sempra Issues Statement on European Energy Security
SAN DIEGO, March 25, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today issued the following statement in response to the Joint Statement between the United States and the European Commission on European Energy Security: "We applaud today's announcement by President Biden and European Union President Von der Leyen on the establishment of a Task Force on Energy Security. Sempra stands with our European allies as they pursue their energy security and sustainability objectives, and we look forward to collaborating with the U.S. Administration to expeditiously bring more LNG to market," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra. SOURCE Sempra
Advancing women in our communities and companies
Women play critical roles in the success of our companies, economies and societies. Their perspectives, lived experiences and traits bring important value and deserve our support. According to the United Nations, women worldwide make 77 cents for every dollar earned by men. At Sempra, we understand the urgency of this problem and are committed to uplifting women and celebrating their contributions. Sempra and our family of companies continue to invest in and recognize the importance of gender equality and representation. As part of the Paradigm for Parity coalition, Sempra has worked to advance women into leadership positions and worked toward gender pay parity. Since our inception, we have been committed to working with community leaders and organizations that align with our values of do the right thing, champion people and shape the future. In the last year alone, Sempra supported 3 million women and girls across the communities we serve in collaboration with nonprofit partners working in our priority areas of climate action, economic prosperity and energy access. Sempra’s investment of over $1.4 million is helping to build the next generation of women climate leaders and advocates, while advancing educational attainment, professional growth and development, and employment opportunities for women and girls. Promoting leadership and equality In addition to our internal commitment to gender equality and diversity, Sempra and its family of companies work with external partners, including Hispanas Organized for Political Equality (HOPE) and Women in Blue — San Diego Police Foundation. HOPE is a nonprofit organization, supported by Southern California Gas Company (SoCalGas), that equips Latina communities with leadership and advocacy education and training in order to advance political and economic parity for Latinas and all women. In partnership with the San Diego Police Foundation, San Diego Gas & Electric Company (SDG&E) helped launch Women in Blue: Leadership Knows No Gender, a new educational series about safety that spotlights women leaders in the San Diego Police Department. Through this initiative, the San Diego Police Foundation is breaking the stigma around women in leadership positions within the police force. Helping create economic prosperity through business In Texas, Sempra supports the Governor’s Commission for Women, which focuses on advancing women’s economic opportunities, especially for women-owned businesses. With the goal of making Texas a leading state for women-owned businesses, the commission is working to mitigate the barriers many women face when it comes to accessing high-quality entrepreneurship opportunities and achieving prosperity. Similarly in San Diego, SDG&E supports The Social Entrepreneurs for Economic Development (SEED) Program which works with refugee and immigrant entrepreneurs to provide micro-grants and business development training. Eighty percent of program participants are women who are hoping to start or maintain a business that targets a societal problem or community need. Both programs help uplift women and communities at-large. Improving our future world As Sempra works toward its aim of having net-zero emissions by 2050, the company is proud to support organizations addressing climate change. Sempra and SDG&E work with Wildcoast on two projects, the Ocean Conservation Leadership Project for Tribal Youth and The Mangrove Conservations and Restoration in the Mexican Pacific. The Ocean Conservation Leadership Project for Tribal Youth is an internship program that builds climate literacy and coastal and marine stewardship through conservation and nature-based education. Seventy percent of those taking part in this internship are women, all of whom are from tribes or areas in San Diego with limited access to recreational open space or parkland. Simultaneously, Sempra is working with Wildcoast on mangrove conservation and restoration, working with two local groups of women to plant a total of 43,500 mangrove seedlings in Laguna San Ignacio, Baja California Sur, Mexico. These mangroves are intended to aid communities most susceptible to the negative impacts of climate change in carbon filtration, wildlife habitat, erosion control, food security and much more. With the help of local women activists and students, the company’s support of Wildcoast is helping positively transform communities along the Southern California Pacific Coast while helping drive positive change for women, communities of color and the environment. Advancing a lasting positive impact As we look beyond Women’s History Month, our vision of delivering energy with purpose paves the way for us to continue to work to advance positive outcomes for women across the Sempra family of companies and within the communities we serve.
Diverse Businesses Awarded Over $972 Million in SoCalGas Contracts in 2021, 42% of Total Spending
Minority, women-owned, service-disabled veteran, and LGBT-owned business get largest share of SoCalGas' spending ever, breaking record for the 29th consecutive year LOS ANGELES, March 15, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today the company achieved another record year of spending with over 570 diverse business enterprises in 2021—at $972.6 million, the highest in company history. SoCalGas exceeded the California Public Utilities Commission's (CPUC) goal of 21.5% for the 29 th consecutive year by procuring over 42% of total goods and services from women, minority, service-disabled veteran, LGBT, and small disadvantaged businesses, and increased spend with African American vendors by 49%. Over the last five years, SoCalGas has spent $3.9 billion with diverse business enterprises. "SoCalGas is proud to have worked with over 570 diverse suppliers in 2021," said Jeff Walker, chief administrative and diversity officer, and senior vice president at SoCalGas. "Earlier this year, we released our Sustainability Strategy, which includes achieving 45% spend with diverse business enterprises by 2025. In partnership with diverse firms and community partners, we can help California implement clean energy solutions at scale and achieve our ASPIRE 2045 sustainability goals, which includes achieving net zero greenhouse gas emissions in our operations and delivery of energy by 2045." SoCalGas has also made a commitment to increase African American supplier participation and growth over the next five years. Key to these efforts will be working with organizations such as the Greater Los Angeles African American Chamber of Commerce (GLAAACC), which advocates for African American-owned business enterprises and provides a variety of programs and services to assist in their growth and development. "SoCalGas creates pathways for underserved small businesses that have not traditionally had access to opportunities," says Gene Hale, chairman of GLAAACC. "They also help guide us in removing obstacles and challenges small businesses face." Despite 2021's global health and economic crisis, SoCalGas increased its focus with community-based organizations to promote its supplier diversity. In addition to spending with diverse enterprises, SoCalGas also invests in the development of these firms. Development opportunities include business boot camps, mentoring events, business assessment programs, entrepreneurship courses, organizational and operation strategy programs, mentorship, and technical assistance. The programs are designed to help diverse suppliers enhance their operations and help ensure success in their business partnerships. "SoCalGas has been an important wind under our wings and our ability to employ more people," said Christine Halley, president of Cornerstone Engineering, a woman-owned firm that supports SoCalGas on several engineering projects. "It's impressive how purposeful the company is in its outreach to minority businesses. They take it seriously. The feeling we walk away with is SoCalGas is invested in our success. When others in the marketplace hear we're a trusted supplier of SoCalGas, it heightens our reputation." "Congratulations to SoCalGas for another record-breaking year in diverse, business contracts," says Elizabeth Martinez, vice president of business development at Meruelo Enterprises Inc. "As someone who works at a Latino-owned firm, I am continuously impressed by SoCalGas' commitment to diversity. SoCalGas' supplier diversity team holds themselves accountable to exceed goals, which translates to tangible opportunities for diverse businesses that are providing needed services. " "Of all the companies I've seen, SoCalGas is the most committed to supplier diversity," says Christine Keith, president of Elite Auto Network, an African American-owned firm, which provides auto purchasing services to SoCalGas. "The Supplier Diversity department gives us updates and invites us to educational and networking events," adds Todd Keith chief executive officer of Elite Auto Network. "Without them, I don't know if we would've been able to get these contracts. They have a huge impact." "Congratulations to SoCalGas for a record year of spending with Minority, women-owned, disabled veteran and LGBT-owned business. Your continued commitment to supplier diversity helps businesses to thrive and grow, but there is much to be done to improve equity" said California State Senator Steven Bradford (D- Gardena). Other 2021 highlights include: $640 million spent with minority-owned businesses (category includes both minority men and women-owned) 42.42% total purchases with diverse suppliers 105 new diverse partners added 13 firms among the top 25 SoCalGas suppliers are diverse firms 91% of suppliers are based in SoCalGas' home state of California In addition to its supplier diversity efforts, SoCalGas supports social impact by aiming to increase diversity, equity and inclusion in the workplace and the communities it serves. The utility is positioned to be an industry leader in racial and ethnic diversity representation in leadership roles and is taking actions to enhance the presence of women in leadership roles and the overall workforce by 2025. SoCalGas also plans to invest $50 million to positively impact diverse and underserved communities over the next five years. Last month, SoCalGas announced its proposal for the Angeles Link, which aims to be America's largest green hydrogen infrastructure system. The utility plans to continue its best practices in supplier diversity and identify opportunities for diverse suppliers as it looks to achieve its net zero goals and advance California's clean energy and climate goals. More information on the company's mission and strategic priorities can be found at socalgas.com/mission. More information about SoCalGas' commitment to supplier diversity can be found in the newly released 2021 Supplier Diversity Annual Report. SoCalGas invites diverse businesses to engage and learn more about the Supplier Diversity Program at socalgas.com/for-your-business/supplier-diversity. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Infrastructure's Mexico Subsidiary Credit Rating Upgraded by Fitch
SAN DIEGO, March 14, 2022 /PRNewswire/ -- Sempra Infrastructure, a majority owned subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced today that Fitch Ratings ("Fitch") has upgraded its Mexico subsidiary's long-term foreign and local currency issuer default rating as well as its senior unsecured notes to 'BBB+' from 'BBB'. The outlook remains stable. The ratings upgrade is a result of the integration of Sempra Infrastructure as a company that consolidated Mexico's operating company and Sempra's LNG business to advance three growth platforms – clean power, energy networks, and LNG and net-zero solutions – to capture new opportunities aligned with the global energy transition. According to Fitch, this result is based on structural factors such as predictable and stable cash flows, as well as a competitive position in the energy infrastructure sector in Mexico. This upgrade strengthens Sempra Infrastructure's financial position to advance its growth and investment strategy in North America through the development of large-scale projects in the region. "This credit ratings upgrade demonstrates the trust in our new platform strength," said Tania Ortiz Mena, group president, Clean Power and Energy Networks for Sempra Infrastructure. "We are proud of our performance as we continue advancing energy infrastructure investments in North America that can create new jobs and support economic prosperity and social benefits for Mexico." About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and follow on social media. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, but companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website at www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries are regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure
SDG&E Sets Supplier Diversity Record, Supporting Regional Economic Growth
San Diego Gas & Electric purchased nearly $1 billion in goods and services from diverse business enterprises in 2021. More than half (56%) of SDG&E’s diverse business expenditures, or $525 million, were with local companies in the San Diego region. And approximately 90% of SDG&E’s diverse suppliers are located in California, further helping to grow California’s economy, which currently is the fifth largest in the world. Highlights from all diverse spending categories and interviews with key suppliers can be found in SDG&E’s newly released annual supplier diversity report. “Our company’s long-standing commitment to supplier diversity is stronger than ever, particularly as we look to support an equitable economic recovery from the pandemic,” said SDG&E CEO Caroline Winn. “This commitment reflects our customers, employees and the communities we serve and truly enhances our ability to remain competitive while contributing to the local economy.” SDG&E’s supplier diversity program is part of its broader commitment to environmental, social and governance best practices, and reflects one of the company’s core values, which is to champion people by creating opportunities through diversity, equity and inclusion. “If more of the region’s anchors and large employers follow in SDG&E’s footsteps in adopting or expanding their supplier diversity programs—especially focused on small, local and diverse businesses—San Diego would see significant economic impact and quality job creation,” said Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corporation (EDC). Overall, SDG&E infused $2.4 billion into the economy last year, the highest level of expenditures on goods and services in the company’s 140-year history. Of that amount, $936 million went to small and diverse suppliers, representing 39.1% of the total expenditures – far exceeding the 21.5% goal set by the California Public Utilities Commission’s (CPUC). Diverse suppliers support SDG&E’s key business areas such as electric and gas construction and operations. One reason for SDG&E’s success is its Ambassadors for Excellence program. More than 340 SDG&E employees play a significant role in seeking out, training and mentoring new diverse suppliers to ensure they are competitive and able to grow into prime roles. The goal is to expand the program to 500 employees by year end. Here is a breakdown of SDG&E’s 2021 spending by diverse business categories: Minority Business Enterprise: $461.2 million or 19.3% Women Business Enterprise: $355.2 million or 14.8% Service-Disabled Veteran Business Enterprise: $110.3 million or 4.6% Lesbian, Gay, Bisexual, Transgender Business Enterprise: $9.3 million or 0.4% SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@ SDGE), Instagram (@ SDGE) and Facebook.
3 facts on sustainable energy investments
Despite considerable uncertainty in the world today, the clean energy and energy efficiency transition is progressing at a remarkable pace. On March 4, the Business Council for Sustainable Energy released its annual Sustainable Energy in America Factbook, which showcased how 2021 was a record-breaking year for deployment of renewable power, battery storage and sustainable transportation. An unprecedented injection of new capital into companies, technologies and projects, and a wave of supportive new policies helped the U.S. advance toward a net-zero future. “Each year, the Sustainable Energy in America Factbook provides vital insights about the progress and speed at which the global energy transition is accelerating, and where investment opportunities are needed to advance electrification and decarbonization,” said Lisa Larroque Alexander, senior vice president and chief sustainability officer of Sempra. “America is well on the path to securing its position as a leader in the energy transition through significant public and private investment across all sectors of our economy. Investment in energy transition assets in the U.S. increased 70% over the last five years, and Sempra is proud to help drive that growth. Today, we are more committed than ever to advancing electrification and decarbonization and investing in the critical infrastructure that will allow us to deliver increasingly cleaner energy to our nearly 40 million consumers across North America.” Here are three facts from the Sustainable Energy in America Factbook that show how the country advanced the energy transition in 2021: $27.8 billion invested in electric transmission This 11% increase in electric transmission investments last year was driven in large part by the need to upgrade infrastructure designed to be safer and more resilient to climate change and other threats. Additionally, investments were made to bring more renewables online and reduce congestion to deliver clean energy more efficiently and reliably. These themes are reflected in Sempra’s recent and projected capital investments, which are focused on safety and reliability at our California and Texas utilities, including a top-tier wildfire mitigation program at Sempra subsidiary San Diego Gas & Electric Co. ( SDG&E). Global clean energy investments top $700 billion In 2021, the world’s investments in clean energy technologies surged past $700 billion for the first time, with the U.S. accounting for $105 billion, an increase of 11% from the previous year. At Sempra, we believe energy markets are going to evolve dramatically over the next 30 years — with energy investments centering on cleaner forms of electrification and decarbonization strategies across all sectors of the economy. Renewable natural gas (RNG) and hydrogen investments soar The U.S. invested $200 million in developing hydrogen technology, doubling what was spent in 2020. Roughly $3 billion was earmarked for renewable natural gas investment in 2021. Sempra subsidiary Southern California Gas Co. ( SoCalGas) is continuing to progress toward its previously announced goal of 20% RNG deliveries to its core customers by 2030. SoCalGas recently announced a proposal to develop what would be the nation's largest green hydrogen energy infrastructure system, the Angeles Link. Sempra invests in critical new infrastructure to expand electrification and decarbonization in the markets we serve. We believe doing so supports moving cleaner sources of energy onto the grid and is an essential part of powering new solutions to society’s climate challenges, as well as building a healthy economy and better quality of life for our communities. This article contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this article. 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 article, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E's and SoCalGas' cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, sec.gov, and on Sempra's website, sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.

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Governance and business data

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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).