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) 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.