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 Company (SoCalGas) is collaborating with Sierra Northern Railway and Gas Technology Institute to develop a zero-emission hydrogen fuel cell engine for switcher locomotives. The California Energy Commission has awarded nearly $4 million for this project, with SoCalGas contributing $500,000. This initiative aims to replace high-emission diesel locomotives, potentially eliminating over 100 metric tons of CO2 annually and significantly improving air quality in California's port areas. The project aligns with SoCalGas's goal of achieving net zero greenhouse gas emissions by 2045.
On July 26, 2021, Southern California Gas Co. (SoCalGas) announced its submission of several research initiatives to the U.S. Department of Energy's Hydrogen Earthshot Program. These initiatives aim to advance clean hydrogen technologies that could lead to reduced emissions and job creation. Collaborating with institutions like UCI and UCLA, SoCalGas targets a goal of $1.50/kg for green hydrogen by 2030. SoCalGas is also committed to achieving net-zero greenhouse gas emissions by 2045, making it a leader in the clean energy transition.
Oncor Electric Delivery Company plans to release its second quarter 2021 results on August 5, prior to Sempra's second quarter conference call. The earnings will be accessible on Oncor's website. Sempra executives will discuss Oncor's operational and financial outcomes during a conference call at 12 p.m. ET on the same day, available via webcast on Sempra's site. A replay will also be provided. Oncor operates the largest electricity distribution system in Texas, serving over 3.7 million consumers and managing over 139,000 miles of lines.
Sempra (NYSE: SRE) is set to release its second-quarter 2021 earnings on August 5, 2021, at 7 a.m. ET. A conference call will follow at 12 p.m. ET that same day, accessible via live webcast on the company's website. Prior to the call, a detailed slide presentation will be posted at 7 a.m. ET. Sempra, with over $66 billion in total assets, aims to be North America's premier energy infrastructure company, delivering energy solutions to over 36 million consumers.
Southern California Gas Co. and San Diego Gas & Electric have ranked among the top 20 Large Companies on IDG Insider Pro and Computerworld's 2021 list of 100 Best Places to Work in IT. This recognition highlights their commitment to employee satisfaction and career advancement in a challenging pandemic environment. The annual list is based on surveys and questionnaires evaluating company benefits, training, and retention strategies. Both utilities are subordinates of Sempra Energy, which emphasizes innovation and sustainability in their operations.
Sempra (NYSE: SRE) provided a strategic and financial update during its 2021 Virtual Investor Day, highlighting the integration of North American economies and a focus on energy infrastructure. The company announced a $32 billion capital plan aimed at delivering growth and shareholder value. Full-year 2021 GAAP EPS guidance was increased to $7.67 to $8.27, with 2022 guidance set at $8.10 to $8.70. Sempra is advancing its renewables and LNG projects and enhancing its brand to reflect its infrastructure-focused strategy.
On June 28, 2021, Southern California Gas Co. (SoCalGas) announced the recipients of its 2021 scholarship program, awarding over $235,000 to 56 students across Central and Southern California. Community college and trade school students received $1,000 scholarships, while those attending four-year colleges received $5,000. Since 2001, SoCalGas has awarded more than $2.9 million in scholarships to over 2,270 students, prioritizing students in STEM fields. This year, 86% of recipients were students of color, demonstrating a commitment to diversity in education.
Southern California Gas Co. (SoCalGas) has been recognized by Fast Company as one of the World-Changing Ideas for its H2 Hydrogen Home project. This initiative aims to showcase the use of carbon-free gas generated from renewable electricity in U.S. energy systems. The H2 Hydrogen Home, set to be built in Downey, will integrate solar panels, batteries, and electrolyzers for hydrogen production, demonstrating renewable energy reliability. SoCalGas has pledged to achieve net zero greenhouse gas emissions by 2045 and aims to complete five hydrogen pilot projects by 2025.
Sempra Energy (NYSE: SRE) has declared a $1.10 quarterly dividend per share on its common stock, payable on July 15, 2021, to shareholders on record by July 7, 2021. Additionally, a quarterly dividend of $1.6875 per share has been declared on its 6.75% Mandatory Convertible Preferred Stock, Series B, also payable on July 15, 2021, to preferred shareholders on record by July 1, 2021. Sempra operates one of North America's largest energy networks, serving over 36 million consumers.
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