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 (NYSE: SRE) generates frequent news as a North American energy infrastructure company with major regulated utilities and large-scale energy projects. Public announcements often highlight developments at its California utilities, San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas), as well as at its Texas affiliate Oncor Electric Delivery Company LLC and its LNG-focused Sempra Infrastructure businesses.
Investors following SRE news can expect regular updates on quarterly earnings, dividend declarations, regulatory proceedings and capital plans. Recent press releases have covered common and preferred dividend announcements, detailed quarterly financial results, and guidance updates. Sempra also issues news about strategic transactions, such as the agreement to sell a 45% equity interest in Sempra Infrastructure Partners to a KKR-led consortium, which is designed to support its utility-focused capital campaign and adjust its business mix.
Subsidiary-level news is also significant. SDG&E has reported recognition for reliability performance in the Western Region and described investments in grid enhancements, safety programs and wildfire mitigation. SoCalGas issues releases on preferred stock dividends and provides background on its role as a large gas distribution utility in Central and Southern California. Oncor regularly reports its quarterly results, capital spending plans and progress on major transmission and distribution projects across Texas.
News related to Sempra Infrastructure often focuses on LNG projects, including final investment decisions, long-term offtake agreements and investor equity arrangements for projects such as Port Arthur LNG Phase 2. Together, these updates give readers insight into how Sempra manages regulatory issues, funds large capital programs and advances energy infrastructure projects. This page aggregates such company and subsidiary announcements so readers can review the latest SRE-related developments in one place.
The board of directors of Southern California Gas Co. (SoCalGas) has declared a quarterly dividend of $0.375 per share for its preferred stock and Series A preferred stock. These dividends will be payable on April 15, 2021, to shareholders recorded by March 10, 2021. SoCalGas operates as the largest gas distribution utility in the U.S., serving 21.8 million customers across 24,000 square miles of California. The company's mission focuses on providing renewable gas services while investing in infrastructure improvements.
On February 8, 2021, Southern California Gas Co. (SoCalGas) announced a $1.3 million investment to develop four innovative hydrogen fuel technologies, aiming to enhance emissions-free transportation in California. The initiative is part of a larger $11.7 million funding backed by the California Energy Commission to support clean hydrogen projects, including fuel-cell marine vessels and hydrogen refueling stations. SoCalGas is committed to advancing low- and zero-carbon technologies, aligning with California's climate goals for zero-emission vehicles by 2035.
On February 5, 2021, Southern California Gas Co. (SoCalGas) announced energy savings tips to assist customers in managing their utility bills during colder months. The utility noted that usage of natural gas can increase significantly in winter. To help, SoCalGas provides customer assistance programs, including discounts and free home improvements, aimed at reducing energy costs. Notable tips include lowering thermostats and sealing leaks. SoCalGas is committed to offering affordable natural gas while enhancing its infrastructure as part of a broader mission to transition to renewable energy sources.
Oncor Electric Delivery Company is set to announce its fourth quarter and year-end 2020 results on February 25, before the Sempra Energy conference call. Investors can access the earnings release on Oncor's website. The call will take place at 12 p.m. ET on the same day, discussing Oncor's operational and financial performance. A slide presentation will be available prior to the call, and a replay can be accessed later on the Sempra Energy website.
Sempra Energy (NYSE: SRE) will announce its fourth-quarter and 2020 year-end earnings on February 25, 2021, at 7 a.m. ET. A conference call for investors, media, and analysts will follow at 12 p.m. ET, live on the company's website. A slide presentation with earnings details will also be available at 7 a.m. on the same day. Sempra Energy, headquartered in San Diego, has over $60 billion in assets and serves over 35 million consumers across North America.
Sempra Energy's Mexican subsidiary, IEnova, is set to release its year-end and fourth-quarter 2020 earnings on February 18 at 6 p.m. ET. This will precede a conference call with executives scheduled for February 19 at 11 a.m. ET. Investors can access briefing materials on IEnova's website, and a live webcast of the conference call will be available. IEnova, a significant player in Mexico's energy infrastructure, reported total assets of approximately $9.6 billion by the end of 2019, and employs around 1,300 individuals.
SoCalGas announced a $75,000 grant to three NAACP branches to support college scholarship programs, benefiting 15 students with $5,000 each. The scholarships will assist with tuition, books, and housing. SoCalGas has partnered with the NAACP for over 20 years and aims to alleviate financial burdens for students during challenging times. The initiative reflects SoCalGas's commitment to social equity and community support, having doubled its charitable spending in Black communities last year. The grants will be awarded through the NAACP's established scholarship selection process.
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On January 29, 2021, Southern California Gas Co. (SoCalGas) was recognized by the Utility Analytics Institute (UAI) as the most innovative utility in data analytics among over 150 competitors. The award highlights SoCalGas' advancements in using data to enhance safety, save costs, and promote energy conservation. Notably, data initiatives have resulted in annual savings of over $64 million for customers and a reduction of nearly 193,000 metric tons of greenhouse gas emissions. The company continues to prioritize safety and efficiency through targeted data-driven strategies amidst COVID-19.
On January 27, 2021, Southern California Gas Co. (SoCalGas) and the San Gabriel Valley Council of Governments (SGVCOG) presented the 2020 Energy Champion Awards. The awards recognized 13 cities and one school district for their energy efficiency efforts, with categories including bronze, silver, and gold. Notable projects saved significant energy, such as the City of San Gabriel's initiative saving 14,074 therms. SoCalGas offers rebates for energy-efficient appliances, promoting sustainability in California's climate goals.