Sempra Energy Stock Price, News & Analysis

Southern California Gas Co. (SoCalGas) announced the conversion of 200 new Ford F-250 service trucks to run on renewable natural gas (RNG), aiming to cut over 2,000 metric tons of CO2 equivalent emissions annually—equivalent to removing 1,800 cars from the roads for a year. With this initiative, nearly 40% of SoCalGas' service vehicles will utilize clean fuels. The company aims for net-zero greenhouse gas emissions by 2045 and is the largest gas utility in North America to set such a target, reflecting its commitment to sustainability and cleaner energy solutions.

Southern California Gas Co. (SoCalGas) announced a partnership with SunLine Transit Agency to demonstrate innovative technologies for producing hydrogen from renewable natural gas (RNG). The three-year project, named 'H2 SilverSTARS', aims to supply renewable hydrogen for SunLine's fleet of hydrogen fuel cell buses. The project features Linde's HydroPrime HC300 MIN and STARS-165 SMR technologies, capable of producing up to 650 kg and 330 kg of hydrogen daily, respectively. This initiative supports California's zero-emission vehicle goals and aims to make hydrogen fuel competitive with gasoline.

On April 20, 2021, Southern California Gas Co. announced a partnership with H2U Technologies to test a new, cost-effective PEM electrolyzer technology for green hydrogen production. This innovation may reduce production costs by 50% and total ownership costs by 75%. The Gramme 50 electrolyzer produces up to 80 kg of hydrogen daily, beneficial for clean energy storage and use. This initiative aligns with SoCalGas' commitment to achieve net zero carbon emissions by 2045 and supports California's renewable energy goals.

On April 19, 2021, San Diego Gas & Electric (SDG&E) announced advancements in its sustainability strategy, committing to reach net zero greenhouse gas (GHG) emissions by 2045. Key initiatives include developing two hydrogen pilot projects, enhancing battery storage facilities, and launching a vehicle-to-grid pilot with electric school buses. SDG&E aims to expand its energy storage capacity to 135 MW and increase electric vehicle charging infrastructure. These efforts align with local climate objectives, promoting clean energy innovations and collaboration within the community.

Sempra Energy (NYSE: SRE) plans to discuss Oncor Electric Delivery Company's first quarter 2021 results during a conference call on May 5 at 12 p.m. ET. The earnings release will be available on Oncor's website prior to the call. The report will cover operational and financial results for the period ended March 31, 2021. Following the call, Oncor's Quarterly Report on Form 10-Q will be filed with the SEC, and details will also be accessible at oncor.com.

Sempra Energy (NYSE: SRE) is set to announce its first-quarter 2021 earnings on May 5 at 7 a.m. ET. A conference call will follow at 12 p.m. ET, accessible via a live webcast on the company's website. Earnings slide presentation will also be available at 7 a.m. ET the same day. Sempra Energy, with over $66 billion in total assets, serves over 36 million consumers across North America, focusing on lower-carbon energy solutions.

The company is recognized for its commitment to sustainability and has been named one of the "World's Most Admired Companies" for 2021.

Southern California Gas Co. (SoCalGas) announced a new initiative inviting Los Angeles County restaurants to apply for pandemic relief via the Restaurants Care Resilience Fund. The fund offers qualifying restaurants a grant of $3,500 to support recovery from COVID-19 impacts, with applications open until April 18, 2021. This program aims to assist around 125 restaurants, particularly those owned by people of color, by helping cover operational costs and providing a year of support services. SoCalGas has contributed over $4 million to related recovery efforts.

Southern California Gas Co. (SoCalGas) has launched the 2021 Fueling Our Communities program, allocating $325,000 to combat food insecurity across 20 underserved communities in Los Angeles County. The initiative aims to provide free meals, groceries, and restaurant gift cards to those in need while supporting local businesses. The program is a continuation from last year, which distributed nearly 40,000 meals and supported approximately 100 local restaurants. The effort reflects SoCalGas's commitment to community welfare amid the ongoing impacts of the COVID-19 pandemic.

Sempra Energy's Mexican subsidiary, IEnova, is set to announce its first-quarter 2021 earnings on April 28 at 6 p.m. ET. Following the earnings release, a conference call with IEnova executives will take place on April 29 at 11 a.m. ET. Investors and the public can access the live webcast on IEnova's website, which will also host briefing materials. IEnova, a major player in Mexico's energy sector, employs over 1,400 individuals and holds approximately $10.5 billion in assets. Sempra Energy operates across North America, boasting over $66 billion in total assets.