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.
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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.
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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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Sempra (NYSE: SRE) announced a quarterly dividend of $1.10 per share, payable on January 15, 2022, to shareholders of record by December 23, 2021. With over $66 billion in total assets and serving over 36 million consumers, Sempra aims to be a leader in North America's energy infrastructure. The company emphasizes its commitment to lower-carbon energy solutions and has been recognized for sustainable business practices, being included in the Dow Jones Sustainability World Index.