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Sempra Energy (SRE)

SRE on New York Consolidated

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25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Sempra LNG & Midstream statement in response to Hurricane Harvey
Friday, 1 Sep 2017 02:34am EDT 

Sept 1 (Reuters) - Sempra LNG & Midstream - :Sempra LNG & Midstream media statement in response to hurricane harvey.Anticipate construction activities to resume next week when the site re-opens on September 5.CCJV, a JV between Chicago Bridge and Chiyoda Corp, will continue their assessment over next few days.Cameron LNG's contractor indicated no significant damage to the site during preliminary inspection.  Full Article

Sempra Energy - Energy Future Holding required to pay co fee of $190 million​ in event of termination of proposed acquisition of EFH's ownership in Oncor
Friday, 25 Aug 2017 07:58pm EDT 

Aug 25 (Reuters) - Sempra Energy ::Sempra Energy - Energy Future Holding required to pay co fee of $190 million​ in event of termination of proposed acquisition of EFH's ownership in Oncor.  Full Article

Sempra Energy announces agreement to acquire ownership interest in Oncor
Monday, 21 Aug 2017 02:18am EDT 

Aug 21 (Reuters) - Sempra Energy ::SEMPRA ENERGY ANNOUNCES AGREEMENT TO ACQUIRE OWNERSHIP INTEREST IN ONCOR.DEAL FOR $9.45 BILLION.THE ENTERPRISE VALUE OF THE TRANSACTION IS APPROXIMATELY $18.8 BILLION, INCLUDING THE ASSUMPTION OF ONCOR'S DEBT.TRANSACTION IS EXPECTED TO BE ACCRETIVE TO SEMPRA ENERGY'S EARNINGS BEGINNING IN 2018.SEMPRA ENERGY - EXPECTS TO FUND $9.45 BILLION TRANSACTION USING A COMBINATION OF ITS OWN DEBT AND EQUITY, THIRD-PARTY EQUITY.EXPECTS ITS EQUITY OWNERSHIP AFTER THE TRANSACTION TO BE APPROXIMATELY 60 PERCENT OF THE REORGANIZED HOLDING COMPANY.AT COMPLETION OF TRANSACTION, BOB SHAPARD, ONCOR'S CEO, WILL BECOME EXECUTIVE CHAIRMAN OF ONCOR BOARD OF DIRECTORS.SEMPRA ENERGY -HAS COMMITTED TO SUPPORT ONCOR'S PLAN TO INVEST $7.5 BILLION OF CAPITAL OVER FIVE-YEAR PERIOD TO EXPAND, REINFORCE TRANSMISSION AND DISTRIBUTION NETWORK.ALLEN NYE, CURRENTLY ONCOR'S GENERAL COUNSEL, WILL SUCCEED SHAPARD AS ONCOR'S CEO.SEMPRA ENERGY -TO BUY ENERGY FUTURE AND ITS OWNERSHIP IN ONCOR,WHILE TAKING MAJOR STEP FORWARD IN RESOLVING ENERGY FUTURE'S LONG-RUNNING BANKRUPTCY CASE.LAZARD AND MORGAN STANLEY ARE ACTING AS FINANCIAL ADVISORS TO SEMPRA ENERGY.  Full Article

SoCalGas says may withdraw gas from Aliso Canyon, Calif. facility
Friday, 4 Aug 2017 08:14pm EDT 

Aug 4 (Reuters) - Sempra Energy's Southern California Gas Co (SoCalGas)::says due to increased demand on its system resulting from the hot weather and unplanned maintenance work on a natural gas transmission pipeline in San Bernardino County, it may be necessary to switch its operations and begin withdrawing natural gas from Aliso Canyon.says any withdrawals from the facility will be conducted in accordance with the California Public Utilities Commission's (CPUC) summer withdrawal protocol.says it will resume injections at Aliso Canyon as soon as system conditions allow, to meet the CPUC’s directive to increase inventory at the field.  Full Article

Sempra Energy updates financial outlook at 2017 analyst conference
Wednesday, 5 Apr 2017 11:40am EDT 

Sempra Energy : Sempra energy updates financial outlook at 2017 analyst conference . Reaffirms FY 2017 earnings per share view $4.85 to $5.25 . Reaffirms FY 2018 earnings per share view $5.30 to $5.80 . FY2017 earnings per share view $5.12 -- Thomson Reuters I/B/E/S . Fy2018 earnings per share view $5.69 -- Thomson Reuters I/B/E/S . Projected long-term compound annual EPS growth rate of 10 percent to 11 percent from 2017 through 2021 .Sempra Energy says over next 5 years, expect to invest about $14.2 billion in its utility and energy infrastructure businesses.  Full Article

Sempra Energy's Ienova unit announces pricing of common stock follow-on offering
Friday, 14 Oct 2016 03:24am EDT 

Sempra Energy : Sempra Energy's Ienova unit announces pricing of common stock follow-on offering .Says unit's private offering priced at $4.22 per share.  Full Article

Sempra Energy Q2 adjusted earnings per share $0.79
Thursday, 4 Aug 2016 08:30am EDT 

Sempra Energy : Q2 adjusted earnings per share $0.79 . Q2 earnings per share $0.06 . Q2 earnings per share view $0.97 -- Thomson Reuters I/B/E/S . Sees FY 2016 adjusted earnings per share $4.60 to $5.00 . Quarterly total revenues $2,156 million versus $2,367 million . Socalgas updated estimate of certain costs related to Aliso Canyon natural gas leak is $717 million . Q2 revenue view $2.62 billion -- Thomson Reuters I/B/E/S . Company reaffirms 2016 adjusted earnings guidance .FY2016 earnings per share view $4.81 -- Thomson Reuters I/B/E/S.  Full Article

Geronimo Energy - Sale of Apple Blossom wind farm to Sempra U.S. Gas & Power
Monday, 25 Jul 2016 12:00pm EDT 

: Geronimo Energy LLC - Sale of Apple Blossom wind farm to Sempra U.S. Gas & Power, a subsidiary of Sempra Energy .Geronimo Energy LLC - Apple Blossom is expected to begin construction fall of 2016 and enter into operation in 2017.  Full Article

SoCalGas warns of possible natgas curtailments in Southern California
Friday, 22 Jul 2016 11:45am EDT 

Southern California Gas has issued its second notice this summer that it could be forced to curtail gas supplies to power generators if squeezed by too much electricity demand from consumers cranking up air conditioners to escape a heat wave. The supply of gas available to consumers is tighter-than-usual this year because SoCalGas has only limited access to the fuel in its Aliso Canyon storage field in the Los Angeles area. SoCalGas, a unit of California energy company Sempra Energy , shut the giant storage field after detecting a massive leak in October. [nL1N19E0N2] : If supplies run short, SoCalGas is expected to start curtailing gas supplies to some power generators. California agencies and others have said such curtailments could lead to blackouts on up to 14 days this summer. . The California Independent System Operator, which operates much of the state's power grid, however, has not issued any warnings about power supplies on Friday, saying on its website it would be "helpful" for consumers to conserve energy. . SoCalGas forecast gas demand could top 3.1 billion cubic feet on Friday, which would be met by almost 2.7 bcf of fuel from pipelines and 0.5 bcf from storage withdrawals. . Gas use is expected to slide to under 3.1 bcf on Saturday with 2.7 bcf from pipelines and 0.4 bcf from storage..  Full Article

Sempra U.S. Gas & Power acquires Apple Blossom Wind Project in Michigan
Friday, 22 Jul 2016 09:00am EDT 

Sempra U.S. Gas & Power: Has acquired Apple Blossom Wind Project in Michigan from Geronimo Energy, Llc .Terms of transaction were not disclosed.  Full Article

LPC: United Tech launches US$6.5bn loan for Rockwell Collins buy

NEW YORK, Sept 6 United Technologies Corp launched a US$6.5bn loan on Wednesday to support the aerospace and industrial company’s US$23bn purchase of avionics supplier Rockwell Collins Inc, the largest merger ever in the aerospace sector, sources said.