Sempra Energy Stock Price, News & Analysis

SoCalGas has announced a multi-million-dollar collaboration with Landi Renzo USA to convert an additional 200 Ford F-250 service pickup trucks to run on renewable natural gas (RNG). This expansion will increase the clean fuel-powered portion of SoCalGas' fleet to approximately 44%, helping to reduce an additional 2,000 metric tons of CO2 equivalent emissions. The initiative aligns with SoCalGas' mission to achieve net-zero greenhouse gas emissions by 2045 and to deliver 20% renewable natural gas by 2030. The project is expected to be completed by the end of the year.

San Diego Gas & Electric (SDG&E) has submitted a proposal to the California Public Utilities Commission for a project at UC San Diego to study hydrogen blending with natural gas. This project aims to explore how up to 20% hydrogen can be injected into existing gas infrastructure, supporting California's carbon neutrality goal by 2045. If approved, the project will begin construction in Q2 2024 and focus on safety, public outreach, and research collaboration. Hydrogen's use is pivotal for a clean energy future, leveraging California's renewable resources while stimulating economic growth.

Southern California Gas Co. (SoCalGas) and UC Irvine have announced a collaboration on a hydrogen blending project aimed at integrating electrolytic hydrogen into existing natural gas infrastructure. This project seeks to advance California's clean energy goals by demonstrating how renewable hydrogen can be blended and delivered through current gas systems. If approved, testing could start in 2024, initially blending 5% hydrogen, with plans to increase this to 20%. This innovative approach could potentially reduce CO2 emissions equivalent to removing over a million vehicles from the road.

Sempra (NYSE: SRE) declared a quarterly dividend of $1.145 per share on its common stock, payable on October 15, 2022, for shareholders of record by September 23, 2022. Additionally, a semi-annual dividend of $24.375 per share was announced for its 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C, also payable on October 15, 2022, for Series C preferred shareholders of record by October 1, 2022. Sempra continues to focus on sustainable energy practices, furthering its mission as North America's leading energy infrastructure company.

SoCalGas has partnered with West Basin Municipal Water District to provide $150,000 in energy and water conservation upgrades to 100 income-eligible families in Los Angeles County. The initiative aims to combat drought conditions and affordability issues, enabling households to save up to 394,000 gallons of water over the devices' lifetimes. The program is part of SoCalGas' Community Language Efficiency Outreach initiative and contributes to significant energy savings across the region. Over the past five years, SoCalGas has generated over $1 billion in avoided energy costs.

Southern California Gas Company (SoCalGas) partnered with Reading Heart to host a community-wide Book Fair in Corcoran, distributing over 20,000 free books to residents. This event, the largest of its kind for Reading Heart, aimed to promote literacy and accessibility to books for children in the Central Valley. SoCalGas contributed $6,000 to support the fair, emphasizing their commitment to community education. The fair included various activities, encouraging participation among attendees with music and games, and highlighting the importance of reading in shaping children's futures.

Southern California Gas Co. (SoCalGas) has launched the Climate Adaptation & Resiliency Grant program, offering $50,000 each to three municipalities within its service area to enhance climate resilience. This initiative aims to support local planning against climate vulnerabilities, focusing on underserved communities. Applications are open until October 14, 2022. Experts will assess proposals based on community impact and collaboration. This grant is part of SoCalGas' broader commitment to sustainability and aiding California's climate goals.

Southern California Gas Co (SoCalGas) has commenced construction on the H2 SilverSTARS initiative, an innovative hydrogen production system at SunLine Transit Agency in Thousand Palms, California. Utilizing renewable natural gas (RNG), the project aims to supply hydrogen for SunLine’s 17 hydrogen fuel cell buses. The system, developed with technology from the Pacific Northwest National Lab, can produce up to 80 kilograms of clean hydrogen daily, significantly contributing to California’s climate goals. SoCalGas plans to leverage insights from this project to enhance clean hydrogen adoption statewide.

Sempra Foundation, in collaboration with GRID Alternatives, has completed multiple solar energy installations in Baja California, Mexico, aimed at providing renewable power to organizations serving vulnerable communities. These installations, funded by $200,000 from Sempra, have reduced electricity costs by up to 50% for facilities like orphanages and migrant shelters. This initiative enables organizations to allocate savings towards essential needs such as food and hygiene products. A second phase of solar installations is planned, expected to include more than 140 kW of energy and benefit hundreds of residents.