Sempra reports developments for a North American energy infrastructure company centered on regulated utility networks in California and Texas. Recurring news includes Sempra earnings, operational and financial results from Oncor, and updates from Southern California Gas Company and San Diego Gas & Electric on natural gas delivery, underground storage, grid reliability, customer affordability and energy resilience.
Company updates also cover utility capital plans, rate and regulatory mechanisms, customer growth, preferred dividend actions at SoCalGas, and capital-structure activity tied to financing energy infrastructure across Sempra's utility businesses.
Sempra reported first-quarter 2024 earnings of $801 million or $1.26 per diluted share, compared to $969 million or $1.53 per diluted share in 2023. Adjusted earnings were $854 million or $1.34 per diluted share, down from $922 million or $1.46 in 2023. The company remains focused on infrastructure-centered strategies to meet evolving energy needs, with investments in renewables, electric vehicles, and digital infrastructure. Sempra California is driving innovation in clean energy, including hydrogen blending projects, while Sempra Texas is investing in system resiliency with a $3 billion plan. Sempra Infrastructure is progressing on LNG and wind projects, aiming for operational excellence.
SoCalGas has been awarded the ENERGY STAR Partner of the Year award by the U.S. Environmental Protection Agency for the second year in a row. The utility was recognized for its dedication to energy efficiency, saving customers money, conserving energy, and transitioning to a net-zero emissions future. Through its programs, SoCalGas has saved customers millions of dollars, reduced greenhouse gas emissions, and helped households and businesses improve their energy efficiency.
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