Profile: Sempra Energy (SRE.N)
28 Apr 2017
Sempra Energy, incorporated on October 11, 1996, is a holding company. The Company's principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments. As of December 31, 2016, SDG&E's service area covered 4,100 square miles.
As of December 31, 2016, SDG&E owned and operated four natural gas-fired power plants: a 566-megawatts (MW) electric generation facility (the Palomar generation facility) in Escondido, California; a 485-MW electric generation facility (the Desert Star generation facility) in Boulder City, Nevada; a 96-MW electric generation peaking facility (the Miramar Energy Center) in San Diego, California, and a 47-MW electric generation facility (the Cuyamaca Peak Energy Plant) in El Cajon, California. As of December 31, 2016, SDG&E had electric franchises with the two counties served and the 27 cities in or adjoining its electric service territory, and natural gas franchises with the one county and the 18 cities in its natural gas service territory. As of December 31, 2016, SDG&E's electric transmission and distribution facilities included substations and overhead and underground lines. These electric facilities are located in San Diego, Imperial and Orange counties of California, and in Arizona and Nevada. As of December 31, 2016, the facilities consisted of 2,083 miles of transmission lines, 23,371 miles of distribution lines and 161 substations.
Sempra South American Utilities operates Chilquinta Energia, which serves customers in the region of Valparaiso in central Chile. Its property consisted of 10,118 miles of distribution lines, 352 miles of transmission lines and 48 substations as of December 31, 2016. Sempra South American Utilities operates Luz del Sur, which serves customers in the southern zone of metropolitan Lima, Peru. Its property consisted of 13,763 miles of distribution lines, 194 miles of transmission lines and 39 substations as of December 31, 2016. Luz del Sur operates Santa Teresa, a 100-MW hydroelectric power plant located in the Cusco region of Peru.
As of December 31, 2016, SoCalGas owned four natural gas storage facilities, the facilities had a combined working gas capacity of 137 billion cubic feet (Bcf) and had over 200 injection, withdrawal and observation well. As of December 31, 2016, SoCalGas had natural gas franchises with the 12 counties and the 223 cities in its service territory. These franchises allow SoCalGas to locate, operate and maintain facilities for the transmission and distribution of natural gas. As of December 31, 2016, SoCalGas' natural gas facilities included 2,964 miles of transmission and storage pipelines, 50,296 miles of distribution pipelines and 47,676 miles of service pipelines, it also included 10 transmission compressor stations and four underground natural gas storage reservoirs with a combined working capacity of 137 Bcf.
As of December 31, 2016, Sempra Mexico and Sempra Renewables operated or owned interests in a power plant and/or renewable generation facilities in North America with a total capacity of 3,329 megawatts. As of December 31, 2016, Sempra Mexico's operations included 2,336 miles of natural gas distribution pipelines, 710 miles of natural gas transmission pipelines and eight compressor stations, 140 miles of ethane pipelines and 118 miles of liquid petroleum gas pipelines. Sempra Mexico operates its Energia Costa Azul LNG regasification terminal on land it owns in Baja California, Mexico and operates a liquid petroleum gas storage terminal in Jalisco, Mexico. Sempra Renewables leases properties in Nevada and Michigan and owns property in California, Arizona and Michigan for potential development and/or for operating solar and wind electric generation facilities and intermittency solutions. Sempra Mexico leases properties in Mexico and potential development of solar and wind electric generation facilities.
Sempra LNG & Midstream and its partner, ProLiance Transportation and Storage, LLC, own land in Cameron Parish, Louisiana, with potential to develop 19 Bcf of salt cavern natural gas storage capacity at the LA Storage development project. As of December 31, 2016, in Washington County, Alabama, Sempra LNG & Midstream operated a 20 Bcf natural gas storage facility, Bay Gas, under a land lease. Sempra LNG & Midstream also owns land in Simpson County, Mississippi, on which it operates a 22 Bcf natural gas storage facility, Mississippi Hub. Sempra LNG & Midstream owns land in Port Arthur, Texas, for potential LNG liquefaction development. Sempra LNG & Midstream also has an equity interest in Cameron LNG JV, which owns land and an LNG regasification terminal and has a land lease in Hackberry, Louisiana. The joint venture is constructing an LNG liquefaction terminal at the facility.
Sempra Renewables has operations, investments or development projects in the various United States markets. Sempra LNG & Midstream develops and invests in liquefied natural gas (LNG)-related infrastructure in North America, develops and operates natural gas storage facilities in Alabama and Mississippi and owns an interest in a liquefaction project in Louisiana. It also focuses on authorization to develop an LNG natural gas liquefaction and export terminal in Port Arthur, Texas. The Company's Sempra Mexico segment owns, develops and operates in Mexico which includes natural gas pipelines, ethane systems and a liquid petroleum gas pipeline and associated storage terminal; electric generation facilities, including wind and solar power generation facilities and a natural gas-fired power plant in Baja California, Mexico; natural gas distribution systems in Mexicali, Chihuahua, and the La Laguna-Durango zone in north-central Mexico, and the Energia Costa Azul LNG regasification terminal located in Baja California, Mexico.
The Company competes with Avangrid, MidAmerican Energy, First Solar, NextEra Energy Resources, Invenergy, NRG Energy, BP, Petronas, Cheniere Energy, Qatar Petroleum, Chevron, Royal Dutch Shell, ConocoPhillips, Total, ExxonMobil, Woodside, Kinder Morgan, Boardwalk Pipeline Partners, Cardinal Gas Storage Partners, Macquarie Infrastructure Partners, Columbia Energy, Plains All American Pipeline, Enbridge, Southern Company Gas, Energy Transfer Partners, Enterprise Products Partners, The Williams Companies, Carso Energy, Fermaca, Enagas, ENGIE S.A. and TransCanada.
488 8th Ave,
PO Box 129400
SAN DIEGO CA 92101-7123
Company Web Links
- BRIEF-Sempra Energy updates financial outlook at 2017 analyst conference
- BRIEF-Sempra Energy's CEO Debra Reed's 2016 total compensation was $18.8 mln
- BRIEF-Sempra Energy appoints Contreras-Sweet to board
- BRIEF-P. Kevin Chase appointed chief information officer for Sempra Energy
- BRIEF-Sempra Energy Q4 adjusted earnings per share $1.52