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.
Sempra Energy (NYSE: SRE) announced a $100,000 pledge to aid recovery efforts in Southwest Louisiana and Southeast Texas following Hurricane Delta. This contribution builds on a prior commitment of $500,000 after Hurricane Laura. The funds aim to support families and small businesses impacted by the storms and ongoing economic challenges due to the COVID-19 pandemic. Over the last three years, Sempra Energy, alongside its foundation, has dedicated more than $3.5 million to nonprofits in Texas and Louisiana, demonstrating its commitment to community resilience.
On October 8, 2020, Southern California Gas Co. (SoCalGas) and Longo Toyota of El Monte donated 1,008 meals to Meals on Wheels to honor National Hydrogen & Fuel Cell Day. This event emphasizes the significance of hydrogen-powered vehicles, particularly the Toyota Mirai, which operates on hydrogen and emits only water. SoCalGas identifies hydrogen as vital for California's clean energy future, aligning with Governor Newsom's zero-emissions vehicle mandate by 2035. The initiative reinforces SoCalGas's commitment to sustainable energy and innovation in hydrogen technology.
Summary not available.
On October 7, 2020, Southern California Gas Co. (SoCalGas) marked Energy Efficiency Day by highlighting its energy-saving programs aimed at reducing greenhouse gas emissions. In the past five years, these initiatives saved over 208 million therms of energy—equivalent to the natural gas consumption of 127,000 households annually—resulting in more than $229 million in savings for customers. SoCalGas also announced a 50% increase in rebates for energy-efficient appliances, valid until year-end, and offers the Energy Savings Assistance program to help improve energy efficiency in homes.
Summary not available.
On October 1, 2020, Southern California Gas Co. (SoCalGas) announced a $25,000 sponsorship of The Midnight Mission's Banquet of Hope event, intended to support individuals experiencing homelessness. This funding will provide over 26,315 meals, addressing critical needs in Los Angeles. SoCalGas has committed significant resources to community support, including over $2.74 million for COVID-19 recovery efforts. With a long history of volunteering and monetary contributions, SoCalGas aims to play a vital role in combating homelessness in Southern California.
Sempra Energy's Mexican subsidiary, IEnova, is set to release its third-quarter 2020 earnings on October 21 at 6 p.m. ET. This will be followed by a conference call on October 22 at 11 a.m. ET. Investors can access the briefing materials on IEnova's website. As of year-end 2019, IEnova employed 1,300 individuals and held approximately $9.6 billion in total assets, standing as one of Mexico's largest private energy firms, while Sempra Energy's total assets exceeded $60 billion.
Southern California Gas Co. (SoCalGas) has announced a 50% increase in rebates on energy-efficient appliances until December 31, 2020. This initiative aims to help customers reduce their energy bills as they face financial difficulty during the pandemic. Rebate amounts can reach up to $600 for select water heaters and $500 for fireplaces. Notably, over 1.1 million metric tons of greenhouse gas emissions were avoided due to past energy efficiency programs, saving customers $229 million on bills. SoCalGas continues to support environmental goals while assisting customers with financial relief.
Sempra Energy (NYSE: SRE) will participate in a virtual closing bell ceremony at the New York Stock Exchange on Sept. 3, 2020. Chairman and CEO Jeffrey W. Martin and seven employees will be recognized as part of the NYSE's Gratitude Campaign, honoring essential workers during the COVID-19 pandemic. The event emphasizes Sempra's commitment to safety and essential energy services for over 35 million consumers, including hospitals and first responders. The ceremony begins at 3:59 p.m. Eastern Time and can be viewed live on the NYSE website.
Sempra Energy (NYSE: SRE) appointed Manuela "Nelly" Molina as vice president of investor relations. Molina, previously CFO of IEnova, has a proven track record in corporate finance, managing $10.1 billion in financing initiatives since 2013. Recognized as a leading CFO in Latin America, she is set to enhance Sempra's communication with investors. Faisel Khan will transition to chief financial officer for Sempra LNG on October 3, 2020, allowing Molina to take over the investor relations team. Sempra aims to be a premier energy infrastructure company in North America.