Sempra Energy Stock Price, News & Analysis

Southern California Gas Co. (SoCalGas) has announced energy-saving tips for customers as winter approaches, amid rising natural gas prices nationwide. The cooler temperatures have led to increased gas usage, with bills potentially rising three to seven times. SoCalGas claims its programs saved customers $44 million and cut greenhouse gas emissions by 211,000 metric tons. Customers are advised to utilize energy-efficient practices, such as lowering thermostats and fixing leaks, to manage costs effectively.

Sempra Foundation has donated nearly $500,000 to Fundación Mozcalti to provide cleaner cook stoves to over 20,000 individuals in 28 vulnerable communities in Mexico. This initiative aims to enhance energy access and reduce emissions by replacing traditional stoves, cutting firewood consumption by 9,000 tons annually. The portable cook stoves will benefit approximately 2,400 households across several states, addressing health issues caused by smoke exposure and supporting economic development through local food sales. This project reflects Sempra Foundation's commitment to improving lives and building resilient communities.

A new technical analysis by Southern California Gas Co. (SoCalGas) emphasizes the vital role of clean fuels, including hydrogen and renewable natural gas, in achieving California's net zero emissions target by 2045. The report outlines affordable strategies leveraging existing gas infrastructure, highlighting electrification paired with clean fuels as the most resilient path. Key findings suggest a clean fuels network can save the state between $45 billion to $75 billion in transition costs, while addressing challenges in hard-to-abate sectors. Collaboration is critical for timely decarbonization efforts.

Southern California Gas Co. (SoCalGas) has opened the application window for its 2021 SoCal Climate Champions Grant program, offering $400,000 in grants to non-profit organizations dedicated to climate solutions in Southern California. Nonprofits can apply until November 5, 2021. Recipients will receive grants ranging from $40,000 to $50,000 and additional resources, including support from SoCalGas volunteers. Since its inception in 2015, the grant program has benefited 150 nonprofits with $2 million in funding.

San Diego Gas & Electric Company (SDG&E) released its annual sustainability strategy update, showcasing achievements and setting new net zero greenhouse gas emissions goals by 2045. Key initiatives include operating a 100% zero emissions vehicle fleet by 2035, achieving zero net energy facilities by 2030, and piloting a virtual power plant by 2022. The update highlights significant investments such as $750 million in green bonds to fund projects essential for sustainability, alongside the addition of energy storage facilities and microgrids to enhance grid reliability.

Oncor Electric Delivery Company LLC will release its third quarter 2021 results on November 5, prior to Sempra’s (NYSE: SRE) conference call. The earnings release will be accessible on Oncor's website. A conference call led by Sempra executives will occur at 12 p.m. ET that same day, discussing Oncor's operational and financial performance. Additionally, Oncor's quarterly report for the period ended September 30, 2021 will be filed with the SEC following the call. Oncor delivers electricity to over 3.8 million homes and businesses in Texas.

Sempra (NYSE: SRE) will announce its third-quarter 2021 earnings on November 5 at 7 a.m. ET, with a conference call scheduled for 12 p.m. ET the same day. Investors can access the live webcast on the company's website. A detailed slide presentation regarding the earnings will also be available at the same time. As of the end of 2020, Sempra had over $66 billion in total assets and serves more than 36 million consumers. The company is recognized for its commitment to sustainable energy practices and is included in the Dow Jones Sustainability World Index.

Southern California Gas Co. (SoCalGas) is testing hydrogen blending with natural gas in household appliances at its Engineering Analysis Center. Preliminary results show that appliances can operate effectively with a 20% hydrogen blend, supporting SoCalGas' goal of achieving net zero emissions by 2045. This innovative testing positions SoCalGas as a leader in hydrogen integration within natural gas infrastructure. Additionally, the company is engaged in over 10 hydrogen pilot projects and plans to break ground on the H2 Hydrogen Home project, aimed at demonstrating renewable energy solutions.

Southern California Gas Co. (SoCalGas) has reached agreements aimed at resolving most civil litigation surrounding the 2015 Aliso Canyon natural gas leak, leading to an after-tax charge of approximately $1.1 billion. The agreements require about 97% participation from approximately 36,000 plaintiffs and court approval. SoCalGas has enhanced safety measures at the facility since 2017, implementing industry-leading technologies for improved operational safety. These settlements will not impact ratepayers, representing a significant step towards closure for the company and affected communities.