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.
Sempra Energy (NYSE: SRE) has declared a $1.045 quarterly dividend on its common stock, payable on Oct. 15, 2020, to shareholders of record by Sept. 25, 2020. Additionally, quarterly dividends on various series of preferred stock have been announced: $1.50 on Series A, $1.6875 on Series B, and $15.7083 on Series C, all payable on Oct. 15, 2020. Sempra Energy aims to be North America's leading energy infrastructure company, operating in key markets with over $60 billion in assets and supporting over 35 million customers.
The Los Angeles Area Chamber of Commerce and Southern California Gas Co. (SoCalGas) are hosting a Virtual Job Fair on September 3, from 10:00 a.m. to Noon. This event aims to assist job seekers in the Los Angeles area, where the unemployment rate exceeds 19%. Participants will have access to job openings from various companies, including FedEx and UPS, and can attend training sessions on job application and interview strategies. SoCalGas is the event's presenting sponsor, contributing over $2.74 million to workforce recovery efforts during the pandemic.
Sempra Energy (SRE) announced a $500,000 pledge to support recovery efforts in Southwest Louisiana and Southeast Texas following Hurricane Laura. The company aims to raise an additional $1 million through industry partnerships. The funding will address critical needs in the affected areas. Sempra's subsidiary, Sempra LNG, holds a significant stake in the Cameron LNG export facility and has invested over $2.5 million in Texas nonprofit organizations over the past three years. Sempra Energy operates a pivotal role in the Gulf Coast community.
SoCalGas announced that the U.S. Department of Energy has awarded over $7.1 million for three projects to enhance clean automotive transportation technologies. SoCalGas will contribute an additional $730,000 to the initiatives led by Cummins, GTI, and West Virginia University. The projects aim to develop zero-emissions fuel cells for trucks and buses, a natural gas hybrid locomotive, and cost assessments for alternative fuel vehicles. SoCalGas aims to be the cleanest gas utility in North America, addressing California's high transportation-related GHG emissions.
On Aug. 25, 2020, Southern California Gas Co. (Sempra Energy, SRE) announced it will award $232,000 in scholarships to 60 students across Southern and Central California. The scholarships, aimed at fostering a well-educated workforce, will be distributed based on academic performance, community involvement, and an essay on California’s clean energy future. Notably, 86% of the recipients are minority students. Since 2001, SoCalGas has invested over $2.7 million in scholarships for more than 2,500 students, further supporting educational initiatives in the region.
Sempra Energy (NYSE: SRE) announced a $250,000 donation to the California Fire Foundation to support wildfire relief efforts. This funding will assist families affected by wildfires and enhance the foundation's Supplying Aid to Victims of Emergency (SAVE) program, distributing cards for essential purchases. The donation highlights Sempra Energy Foundation's commitment to community support, with over $100 million donated over the past five years. Sempra aims to be North America's premier energy infrastructure company, serving over 35 million consumers.
Sempra LNG has appointed Lisa Glatch as its new president and chief operating officer, effective immediately. Previously the chief operating officer, Glatch's promotion comes as the company focuses on expanding its liquefied natural gas (LNG) business globally. Under her leadership, Sempra LNG aims to advance its projects, including the Energía Costa Azul facility in Mexico and progress on Cameron LNG, which has recently commenced commercial operations. Glatch brings over 30 years of experience in project management and energy market operations.
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Southern California Gas Co. (SoCalGas) announced the launch of its Restaurant Recovery Program to support Black-owned restaurants impacted by COVID-19 in Los Angeles County and the Inland Empire. The Vermont Slauson Economic Development Corporation will administer the program, distributing grants between $1,000 and $5,000 for payroll, sanitation, and upgrades. The initiative coincides with Black Restaurant Week, promoting economic relief and community support. SoCalGas has pledged over $2.5 million for COVID-19 recovery efforts and aims to be the cleanest gas utility in North America by replacing 20% of natural gas supply with renewable sources by 2030.
On August 11, 2020, Southern California Gas Co. (SoCalGas) marked National 811 Day, emphasizing the importance of contacting 811 prior to any excavation projects. This service connects excavators with utility companies to prevent accidental damage to underground lines, thereby protecting public safety. SoCalGas reported nearly 3,000 underground infrastructure damages in the past year, emphasizing that contacting 811 reduces the risk of accidents by 99%. The company also launched a 'Dig It to Win It' contest to promote safe digging practices.