Full Description

Sempra Energy (SRE.N) (New York Stock Exchange)
As of  20 Nov 2009
51.96USD
Price Change
-0.20
Percent Change
-0.38%
 
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Sempra Energy is an energy services holding company. The Company, through its business units, provides electric, natural gas and other energy products and services. Its operations are organised into Sempra Utilities and Sempra Global. The Sempra Utilities includes San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas). Sempra Commodities, Sempra Generation, Sempra Pipelines & Storage, and an additional business unit, Sempra LNG (liquefied natural gas) are subsidiaries of Sempra Global. Sempra Global consists of businesses engaged in providing energy products and services. SDG&E, Pacific Enterprises (PE) and SoCalGas are subsidiaries of Sempra Energy. In October 2008, Sempra Energy acquired EnergySouth, Inc. In October 2009, Sempra Generation, a subsidiary of Sempra Energy, acquired Auwahi Wind Energy LLC from Shell WindEnergy Inc.

San Diego Gas & Electric Company

SDG&E provides electricity to 3.4 million consumers and natural gas to 3.1 million consumers. It delivers the electricity through 1.4 million meters in San Diego County and an adjacent portion of southern Orange County, California. SDG&E’s electric energy is purchased from others or generated from its Palomar and Miramar electric generation facilities and its 20% ownership interest in the San Onofre Nuclear Generating Station (SONGS). SDG&E also delivers natural gas through 840,000 meters in San Diego County and transports electricity and natural gas for others.

Southern California Gas Company

SoCalGas is a natural gas distribution utility. SoCalGas owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas to approximately 20,000 square miles of service territory. SoCalGas provides natural gas service to residential, commercial, industrial, utility electric generation and wholesale customers through 5.7 million meters.

Sempra Commodities

Sempra Commodities holds its investment in RBS Sempra Commodities LLP (RBS Sempra Commodities), a joint venture with The Royal Bank of Scotland (RBS). The partnership was formed on April 1, 2008 from its commodities marketing businesses previously reported in this business unit. The partnership’s commodities-trading businesses serve customers in the global markets for natural gas, natural gas liquids, power, petroleum and petroleum products, coal, emissions, ethanol and base metals.

Sempra Generation

Sempra Generation develops, owns and operates electric power plants serving wholesale electricity markets in North America. It sells electricity under long-term contracts and into the spot market and other markets. Sempra Generation purchases natural gas to fuel its natural gas-fired power. Sempra Generation also develops renewable energy generation projects. Sempra Generation’s three 100%-owned facilities, Mesquite Power, Termoelectrica de Mexicali and El Dorado, sell the output under long-term contracts and a purchased-power contract. Sempra Generation also has a 50% equity interest in Elk Hills, a merchant plant located in Bakersfield, California.

Sempra Pipelines & Storage

Sempra Pipelines & Storage develops, owns and operates, or holds interests in, natural gas pipelines and storage facilities in the United States and Mexico, and in companies that provide natural gas or electric services in Argentina, Chile, Mexico and Peru. The natural gas distribution utility that operates in three separate areas in Mexico had a customer count of 94,650 and sales volume of 52 million cubic feet per day during the year ended December 31, 2008. Sempra Pipelines & Storage includes the operations of EnergySouth, Inc. EnergySouth owns and operates, or holds interests in, natural gas underground storage and related pipeline facilities in Alabama and Mississippi (now Sempra Midstream), and owns Mobile Gas Service Corporation (Mobile Gas), a regulated natural gas distribution utility in Southwest Alabama.

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