Welcome to our dedicated page for Sempra Energy news (Ticker: SRE), a resource for investors and traders seeking the latest updates and insights on Sempra Energy stock.
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.
Southern California Gas Co. (SoCalGas) has received the Sustainable Innovation Award from the U.S. Green Building Council - Los Angeles for its [H2] Innovation Experience project in Downey, California. Recognized for its commitment to sustainability, this microgrid project integrates clean hydrogen production and storage with renewable energy sources, demonstrating potential for reliable energy solutions. SoCalGas aims for net-zero greenhouse gas emissions by 2045 and has previously won accolades for transformative sustainability measures in the energy sector.
Sempra Infrastructure has entered a long-term sale and purchase agreement with ENGIE S.A. for the supply of liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project in Texas. ENGIE will purchase approximately 0.875 million tonnes per annum of LNG for 15 years. The deal emphasizes reducing the carbon intensity of LNG through ESG compliance. With existing agreements for 6.4 Mtpa of LNG, Sempra aims for a final investment decision by Q1 2023. The Port Arthur project is poised to produce 13.5 Mtpa of LNG under optimal conditions.
Sempra Infrastructure has announced a long-term sale and purchase agreement with INEOS for the supply of approximately 1.4 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from its Port Arthur LNG Phase 1 project in Texas. The agreement spans 20 years and includes a non-binding heads of agreement for an additional 0.2 Mtpa from Phase 2. The project aims for first cargo deliveries in 2027, with a total production capacity of up to 13.5 Mtpa.
The board of Southern California Gas Co. has announced a regular quarterly dividend of $0.375 per share for its preferred stock, including Series A. These dividends will be paid on January 15, 2023, to shareholders on record as of December 10, 2022. SoCalGas, a subsidiary of Sempra (NYSE: SRE), serves 21.8 million customers across 24,000 square miles in California and aims for net-zero greenhouse gas emissions by 2045. The company continues to support renewable energy integration in California.
The U.S. Chamber of Commerce Foundation awarded the Sempra Foundation the Best Community Improvement Program honor at the 23rd Annual Citizens Awards. This recognition stems from the Foundation’s initiatives to enhance energy access for under-resourced communities, enabling them to reduce utility costs and repurpose funds to critical needs. Sempra's support has facilitated clean energy solutions to organizations in Ensenada, Tijuana, Tecate, and Mexicali, which are projected to cut greenhouse gas emissions by approximately 3,800 metric tons.
Sempra (NYSE: SRE) and ConocoPhillips (NYSE: COP) have signed a 20-year Sale and Purchase Agreement for 5 Mtpa of liquefied natural gas from the Port Arthur LNG project in Texas. ConocoPhillips will also acquire 30% equity in Phase 1 and manage feedgas supply requirements. This partnership aims to enhance energy security and support global energy supply needs. Sempra expects to make a final investment decision by Q1 2023 following recent contracts with Bechtel Energy for construction. Phase 1 is designed to produce approximately 13.5 Mtpa of LNG.
Southern California Gas Co (SoCalGas) and Captura announced the deployment of a pioneering direct ocean carbon removal technology, utilizing 100% renewable energy to capture excess atmospheric CO2. Installed at Caltech's Kerckhoff Marine Lab, this system will be tested for energy efficiency and CO2 purity. Captura aims to scale this technology to remove millions of tons of CO2, supporting California's climate goals of 20 million metric tons removal by 2030. The initiative aligns with SoCalGas's commitment to net-zero greenhouse gas emissions by 2045.
Summary not available.
Sempra (NYSE: SRE) has declared a quarterly dividend of $1.145 per share on its common stock, payable on January 15, 2023, to shareholders of record by December 22, 2022. This dividend demonstrates Sempra's commitment to returning value to its shareholders while maintaining a strong position in the energy sector. With over $72 billion in total assets, Sempra continues to focus on cleaner energy initiatives and has been recognized for its sustainable business practices, achieving top rankings in environmental, social, and governance metrics.
Williams (NYSE: WMB) has announced a non-binding heads of agreement with Sempra Infrastructure (NYSE: SRE) aimed at enhancing access to low-carbon natural gas from the Haynesville basin. The agreement includes gas sales of approximately 0.5 Bcf/d and LNG offtake agreements totaling about 3 million tons per annum. Additionally, a joint venture for pipeline operations is proposed, focusing on Sempra's Gulf Coast LNG export facilities. This strategic effort supports the growing demand for cleaner energy, aligning with Williams’ focus on sustainability and innovation.