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 Co. (SoCalGas) and the University of California Santa Barbara (UCSB) have completed two energy efficiency projects, saving the university 66,000 therms annually. This reduction is equivalent to avoiding 350 metric tons of greenhouse gases or the emissions from 866,516 vehicle miles. Over the past five years, SoCalGas has supported 184 projects, saving over 6 million therms and providing $6.3 million in incentives. SoCalGas aims for 20% of its gas supply to be renewable by 2030 and has saved customers $225 million in utility bills through energy efficiency programs.
On June 15, 2020, Southern California Gas Co. (SoCalGas) collaborated with the Latino Restaurant Association (LRA) to distribute meals to healthcare workers at Mercy Hospital Southwest and Adventist Health Delano Regional Medical Center in Kern County. Supported by a grant from SoCalGas, this initiative is part of LRA's Feed Frontliners Program aimed at aiding restaurants and frontline workers impacted by COVID-19. Over $2 million has also been donated by SoCalGas to support various nonprofit organizations during the pandemic.