In 2023, Sempra announced a five-year capital plan of $40 billion for 2023-2027, to improve safety, bolster reliability and support the delivery of cleaner sources of energy across its three growth platforms: Sempra California, Sempra Texas and Sempra Infrastructure. liquefied natural gas (LNG) to help displace reliance on Russian gas. In 2022, shortly after Russia attacked Ukraine, Sempra Infrastructure, a subsidiary of Sempra, announced a series of agreements with European energy companies for U.S. It launched an updated logo and dropped "Energy" from its name to emphasize its core focus on infrastructure that delivers energy. In June 2021, Sempra Energy announced it was rebranding to Sempra. These two sales completed Sempra Energy's exit from South America. In June 2020, Sempra Energy announced it completed the sale of its Chilean businesses to China's State Grid International Development Ltd for $2.23 billion in cash. In April 2020, Sempra Energy announced it had completed the sale of its utility business in Peru, Luz del Sur, for $3.59 billion. These utility deals were lauded by the company as disciplined, low-risk investments in the fast-growing Texas market. In March 2019, Sempra Energy and Oncor Electric Delivery Company announced the acquisition of InfraREIT, and Sempra Energy's acquisition of a 50% interest in Sharyland Utilities. The company stated its intent to refocus its investments in North American transmission and distribution infrastructure. renewables and non-utility natural gas storage assets, generating approximately $2.5 billion in cash proceeds. Over 20, Sempra completed its divestiture of its U.S. On January 16, 2019, Sempra Energy was added to the Dow Jones Utility Average, replacing Pacific Gas and Electric. On March 8, 2018, regulators in Texas approved Sempra Energy's purchase of a majority stake in Oncor for $9.45 billion. Sempra reported giving $13.85 million in COVID-19 response across the foundation and its operating companies. The foundation matches employees' charitable contributions and has matched $13 million as of 2021. Since its inception, the foundation has contributed nearly $45 million through philanthropic investments in communities where Sempra employees live and work. In 2007, the company created the Sempra Energy Foundation (now known as Sempra Foundation) as a 501(c)(3) private foundation. In 2006, the company agreed to pay $377 million to settle gas supply claims, and in 2010, it paid another $410 million to settle claims on electricity price gouging, but has never admitted wrongdoing. Sempra was sued over claims it manipulated natural gas supplies and electricity contracts during the 2001 California electricity crisis. In 2003, Sempra Energy Resources, the former power generation subsidiary of Sempra Energy, completed three state-of-the-art power plant projects in Arizona, California and New Mexico. In 1999, the company acquired two utilities in South America Chilquinta Energia in Chile and Luz Del Sur in Peru, which gave Sempra Energy an entry into the expanding Latin American energy market. ![]() Sempra Energy, now known as Sempra, was created through the 1998 merger of Los Angeles-based Pacific Enterprises, the parent company of SoCalGas, and Enova Corporation, the parent company of SDG&E. Sempra was also recognized by Newsweek as one of America's Most Responsible Companies, earning this distinction for the fourth consecutive year. In 2023, Sempra was named one of the World's Most Admired Companies by Fortune Magazine, marking the 13th year the company is on this prestigious list. Sempra ranks as one of the largest energy companies in the world and is ranked #285 on the Fortune 500 list as of 2023 and #312 on the Forbes Global 2000 list as of 2023. The company is led by chairman and chief executive officer Jeffrey Martin, who assumed that role in May 2018. Sempra's focus is on electric and natural gas infrastructure and its operating companies include: Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E) in Southern California Oncor Electric Delivery Company in Texas and Sempra Infrastructure, with offices in California.Īs of 2022, Sempra reported more than $78 billion in total assets and 20,000 employees. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers. Sempra is a North American public utility holding company based in San Diego, California.
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