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 Energy (SRE) is a leading North American energy infrastructure company serving over 40 million consumers through regulated utilities and strategic infrastructure projects. This page aggregates official press releases, financial disclosures, and operational updates to serve as investors' primary source for tracking SRE's market activities.
Access real-time announcements including quarterly earnings reports, regulatory filings, and infrastructure investment updates. Our curated feed ensures stakeholders stay informed about California utility operations, Texas transmission developments, and LNG project milestones without promotional bias.
Key updates cover rate case decisions, grid modernization progress, and sustainability initiatives. Bookmark this page for immediate access to SRE's verified financial communications and strategic announcements, enabling data-driven analysis of one of the energy sector's most stable dividend performers.
SoCalGas announced that over 13,400 new residential units enrolled in the 2021 Energy Efficient New Homes (EENH) Program, aiding builders in constructing energy-efficient homes. This initiative is projected to save approximately 150,000 net therms and $250,000 in customer bills, reducing 794 metric tons of CO2 emissions in 2021. The program, in place since 2018, has provided over $3.9 million in rebates. In total, SoCalGas's energy efficiency efforts have saved customers $250 million over the past five years. The company aims for net-zero GHG emissions by 2045.
Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), announced the successful completion of its inaugural offering of $400 million in 3.250% senior notes due 2032. This milestone reflects the strength of its integrated platform focusing on renewable energy and natural gas. The proceeds will enhance financial flexibility for future energy investments and potentially repay existing debt. The notes were privately placed with qualified institutional buyers under U.S. securities regulations. Sempra Infrastructure is dedicated to enabling energy transition while maintaining a focus on sustainability.
Southern California Gas Co. (SoCalGas) announced a partnership with Doosan Mobility Innovation (DMI) and GTI to showcase a new hydrogen drone technology at CES Las Vegas. The DS30 drone, powered by hydrogen, offers 120 minutes of flight time and a payload capacity of 11 pounds. SoCalGas intends to utilize this drone for efficient pipeline inspections, providing enhanced aerial mapping and imagery. This demonstration aligns with SoCalGas' commitment to achieving net-zero greenhouse gas emissions by 2045 and signifies a step towards sustainable energy solutions.
Sempra (SRE) announced a definitive agreement to sell a non-controlling 10% interest in Sempra Infrastructure Partners to a subsidiary of the Abu Dhabi Investment Authority for $1.785 billion in cash. This transaction values Sempra Infrastructure at $26.5 billion, including approximately $8.6 billion in debt. Following this deal, Sempra will maintain a 70% controlling stake in the infrastructure unit. Proceeds will help fund capital expenditures and a $500 million stock repurchase. The transaction is expected to close in summer 2022 and will be accretive to earnings.
Southern California Gas Co. (SoCalGas) and Bloom Energy (NYSE: BE) announced a project to pioneer hydrogen economy technologies aimed at supporting California's carbon neutrality goals. Set to launch in 2022 at Caltech, the project will use Bloom's electrolyzer to blend 10% hydrogen into the natural gas network, supplying electricity to the university. The collaboration emphasizes innovative decarbonization methods and could lead to more resilient energy systems. Bloom’s high-temperature electrolyzer enhances hydrogen production efficiency, reducing costs and accelerating market adoption.
Bloom Energy (NYSE:BE) and Southern California Gas Co. (OTC-PINK:SOCGP) are collaborating on a hydrogen project aimed at demonstrating the integration of hydrogen into California's natural gas infrastructure. This initiative, launching at Caltech in Pasadena, will generate hydrogen using Bloom's high-temperature electrolyzer, blending it into the existing natural gas network. The project seeks to aid California in achieving carbon neutrality, showcasing hydrogen's potential for energy resilience and cost-effective storage. The companies emphasize the economic advantages of using less electricity for hydrogen production.
Sempra (NYSE: SRE) has been recognized as a Trendsetter in political disclosure practices for the sixth consecutive year, scoring 95.7 out of 100 in the 2021 CPA-Zicklin Index. This ranking places Sempra among the top-performing utility companies alongside two others. The average score for the 493 companies studied was only 51.4. Sempra's commitment to transparency and strong corporate governance is highlighted by its placement on Newsweek's 'America's Most Responsible Companies' list for 2022. The company aims to be North America's premier energy infrastructure firm, serving over 36 million consumers.
The board of directors of Southern California Gas Co. (SoCalGas) has declared quarterly dividends of $0.375 per share for its preferred series stock, including Series A. These dividends will be payable on January 15, 2022, to shareholders of record as of December 10, 2021. SoCalGas, a subsidiary of Sempra, serves 21.8 million consumers across 24,000 square miles in California, emphasizing a commitment to clean energy and sustainability, including plans for net-zero greenhouse gas emissions by 2045.
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