Sempra Energy

San Diego Gas & Electric provides natural gas and electricity to San Diego County and southern Orange County in southwestern California, United States. It is owned by Sempra Energy, a Fortune 500 energy services holding company based in San Diego. SDG&E is a regulated public utility that provides energy service to 3.3 million consumers through 1.4 million electric meters and more than 840,000 natural gas meters in San Diego and southern Orange counties. The utility's area spans 4,100 square miles. SDG&E employs about 5,000 people.

San Diego Gas & Electric

South California Gas Copany is the primary provider of natural gas to the region of Southern California. SoCalGas provides natural gas service for approximately 21.6 million customers, spanning roughly 20,000 square miles of California, extending from Visalia in the north to the Mexican border in the south. Gas service for San Diego County is provided by sister utility San Diego Gas & Electric, and Southwest Gas and the Long Beach Gas & Oil Department carve out small portions of the Southern California area for natural gas delivery.

Southern California Gas Company

Sempra is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: Sempra California, Sempra Texas Utilities, Sempra Infrastructure, and All Other. The Sempra California segment offers natural gas and electric service to Southern California and part of central California through Sempra’s wholly owned subsidiaries, SDG&E and SoCalGas. The Sempra Texas Utilities holds investment in Oncor Holdings. The Sempra Infrastructure includes the operating companies of subsidiary, SI Partners, as well as a holding company and certain services companies. The company was founded on October 11, 1996, and is headquartered in San Diego, CA.

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Sempra Energy reports strong Q1 earnings and outlines growth strategy

Sempra Energy's Q1 2023 Earnings Call highlighted strong financial performance, strategic investments, and a robust capital plan. The company's focus on growth, income generation, and sustainability initiatives positions it well for future success in the energy sector.

Sempra Energy reports strong Q2 earnings, eyes growth in utilities and LNG projects

Sempra Energy's Q2 2023 earnings call highlighted strong financial performance, strategic focus on regulated utilities, and growth opportunities in transmission and LNG projects. The company faces challenges in regulatory environments and capital decisions but remains optimistic about its future prospects.

Sempra Energy surpasses Q3 earnings expectations, eyes disciplined growth

Sempra Energy's Q3 performance exceeded expectations, driven by strong operational results and growth opportunities in North America. The company is focused on disciplined capital allocation, exploring new projects, and aiming for consistent long-term growth.

Sempra Energy posts record earnings, eyes growth in infrastructure projects

Sempra Energy's Q4 2023 earnings call highlighted robust financial performance, a significant capital plan, and a focus on sustainable growth. The company's strategic investments in infrastructure and commitment to cleaner energy solutions position it well for long-term success amidst challenges and opportunities in the energy sector.

Sempra Energy excels in Q1 2024, poised for growth and resilience

Sempra Energy's Q1 2024 Earnings Call showcased strong financial performance, strategic positioning in growth markets, and a commitment to shareholder value. Despite challenges in regulatory impacts and financing, the company remains focused on growth, resiliency, and delivering strong financial returns.

Sempra Energy reports robust Q2 earnings, eyes growth in Texas

Sempra Energy's Q2 2024 Earnings Call highlighted strong financial performance, growth prospects in California and Texas, and a commitment to sustainability. Addressing challenges such as project delays and costs will be key to sustaining momentum and capitalizing on opportunities.

Sempra Energy reports robust earnings, eyes LNG growth opportunities

Sempra Energy's Q3 2024 earnings call showcased solid financial performance, a focus on infrastructure investment, and growth opportunities in the LNG sector. While facing regulatory challenges and financing inquiries, the company remains optimistic about its future prospects, driven by strong leadership and strategic initiatives.

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Sempra's (SRE) subsidiary,SoCalGas,announces that it is likely to begin the construction of electric vehicle chargers at the company's various locations and facilities as part of its zero-emission fleet goal.

Sempra (SRE) Arm to Install 240 EV Chargers, Boost E-fleet

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.

Sempra and TotalEnergies Expand North American Strategic Alliance for LNG and Renewable Development Projects

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.

SoCalGas to Start Construction of Electric Vehicle Chargers in Support of Zero Emissions Fleet Goal

SAN DIEGO--(BUSINESS WIRE)--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

SDG&E Adds Second Energy Storage Facility in San Diego to Strengthen Grid Reliability and Advance Clean Energy Goals

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.

Sempra Issues Statement on European Energy Security

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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 29th 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%.

Diverse Businesses Awarded Over $972 Million in SoCalGas Contracts in 2021, 42% of Total Spending

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.

Sempra Infrastructure's Mexico Subsidiary Credit Rating Upgraded by Fitch

SAN DIEGO--(BUSINESS WIRE)--San Diego Gas & Electric purchased nearly $1 billion in goods and services from diverse business enterprises in 2021, setting a record.

SDG&E Sets Supplier Diversity Record, Supporting Regional Economic Growth

LOS ANGELES, March 7, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) released the latest issue of EMPOWER Magazine, a quarterly publication spotlighting the company's efforts to achieve measurable social impact in diversity, equity, and inclusion in the workplace and in communities it serves. This second edition of EMPOWER features inspiring stories and a new video about SoCalGas' work with non-profit organizations like the Los Angeles Urban League that provide essential workforce development and career advancement opportunities in underserved communities.

New Issue of SoCalGas' EMPOWER Magazine Highlights Local Workforce Development Non-Profit Partnerships

LOS ANGELES, March 2, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) has kicked off the assembly of its award-winning H2 Hydrogen Home in Downey, a state-of-the-art demonstration project designed to show the resiliency and reliability of a hydrogen microgrid. The company took delivery of the modular, prefabricated H2 Hydrogen Home, which is the first of its kind in the United States and will show how carbon-free gas made from renewable electricity can be used to fuel clean energy systems of the future.

SoCalGas Begins Assembling Award-Winning H2 Hydrogen Home

Sempra (SRE) CEO Jeff Martin on Q4 2021 Results - Earnings Call Transcript

Sempra Energy's (SRE) Q4 adjusted earnings of $2.16 per share beat the Zacks Consensus Estimate by 6.9%. The top line improves 21.2% year over year.

Sempra Energy (SRE) Q4 Earnings Beat, Revenues Rise Y/Y

Sempra (SRE) delivered earnings and revenue surprises of 6.93% and 18.49%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Sempra (SRE) Q4 Earnings and Revenues Surpass Estimates

DALLAS, Feb. 25, 2022 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported twelve months ended December 31, 2021 net income of $770 million compared to reported twelve months ended December 31, 2020 net income of $713 million. The $57 million year-over-year increase was driven by increases in revenues contributing to earnings primarily from updates to base transmission and distribution rates to reflect increases in invested capital and customer growth and a higher annual energy efficiency program performance bonus recognized in 2021, partially offset by increases in operation and maintenance expense and costs associated with additional investment (primarily depreciation, property taxes and borrowing costs).

ONCOR REPORTS 2021 RESULTS

SAN DIEGO, Feb. 25, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced full-year 2021 earnings of $1.25 billion, or $4.01 per diluted share, compared to full-year 2020 earnings of $3.76 billion, or $12.88 per diluted share. On an adjusted basis, the company's full-year 2021 earnings were $2.64 billion, or $8.43 per diluted share, compared to $2.34 billion, or $8.00 per diluted share, in 2020.

Sempra Reports 2021 Financial and Business Results

LOS ANGELES, Feb. 24, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), applauds action taken by the California Public Utilities Commission (CPUC) today to establish a renewable gas standard, an important step toward decarbonizing the gas system and reducing short-lived climate pollutant emissions. The action taken by the CPUC today makes California the first state in the country to adopt a renewable gas standard.

SoCalGas Applauds Establishment of First Renewable Gas Standard in the United States

LOS ANGELES, Feb. 24, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced that 14 billion cubic feet of renewable natural gas (RNG) produced from organic waste was distributed via SoCalGas' pipeline system in 2021, the equivalent to removing 166,896 cars off the road annually. This is 2 billion cubic feet more than 12 billion cubic feet distributed by SoCalGas in 2020.

2021 Brings More Renewable Natural Gas into SoCalGas Pipelines

Sempra Energy (SRE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Sempra Energy (SRE) Might Surprise This Earnings Season

Sempra's (SRE) Q4 results are likely to reflect a mixed impact of weather conditions on revenues, while higher operating expenses may have hurt the company's earnings.

Sempra (SRE) to Post Q4 Earnings: What's in the Offing?

SAN DIEGO, Feb. 18, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV:SRE), announced today its president and former U.S. Secretary of Energy, Dan Brouillette, has been elected to the U.S. Chamber of Commerce's U.S.-Japan Business Council (USJBC) board of directors.  "I look forward to working closely with other world-class companies, as well as the U.S. and Japanese governments, as we work to advance the two countries' commercial relationships to help promote the use of secure, clean energy sources and shape transparent trade rules, standards and regulations," said Brouillette.

Dan Brouillette, President of Sempra Infrastructure Appointed to the U.S. Chamber of Commerce's U.S.-Japan Business Council

LOS ANGELES , Feb. 17, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced its proposal to develop what would be the nation's largest green hydrogen energy infrastructure system (the "Angeles Link") to deliver clean, reliable renewable energy to the Los Angeles region. As proposed, the Angeles Link would support the integration of more renewable electricity resources like solar and wind and would significantly reduce greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, and other hard-to-electrify sectors of the Southern California economy.

SoCalGas Proposes to Develop United States' Largest Green Hydrogen Energy Infrastructure System to Help Decarbonize LA Basin and Accelerate California's Climate Goals

SAN DIEGO--(BUSINESS WIRE)--Today, the California Public Utilities Commission (CPUC) authorized San Diego Gas & Electric (SDG&E) to build three new energy storage facilities totaling 161MW/644MWh in order to provide the state with greater capacity to meet high energy demand on summer days and at night after solar power dissipates. Altogether, these new projects will be able to provide enough capacity to meet the energy needs of more than 100,000 homes for up to four hours. Like other en

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