Profile: Sempra Energy (SRE.N)
7 Dec 2016
Sempra Energy, incorporated on October 11, 1996, is a holding company. The Company's principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments. Sempra Mexico segment owns and operates a natural gas-fired power plant and interests in a wind generation facility in Baja California, Mexico; natural gas distribution systems in Mexicali, Chihuahua, and the La Laguna-Durango zone in north-central Mexico; natural gas pipelines between the United States border and Baja California, Mexico and Sonora, Mexico, and the Energia Costa Azul LNG regasification terminal located in Baja California, Mexico. Sempra Mexico also owns interests in a joint venture with PEMEX (Petroleos Mexicanos, the Mexican state-owned oil company) that operates several natural gas pipelines and propane and ethane systems in Mexico.
Sempra Mexico's operations in Mexico are contained in the Company's subsidiary Infraestructura Energetica Nova, S.A.B. de C.V. (IEnova). Sempra South American Utilities has approximately two utilities in South America. Chilquinta Energia S.A. (including its subsidiaries, Chilquinta Energia) is an electric distribution utility serving customers in the cities of Valparaiso and Vina del Mar in central Chile. Luz del Sur S.A.A. (including its subsidiaries, Luz del Sur) is an electric distribution utility in the southern zone of metropolitan Lima, Peru. Sempra Mexico and Sempra Renewables operate or own interests in a power plant and renewable generation facilities in North America with a total capacity of approximately 2,655 megawatts. Sempra South American Utilities property consists of approximately 10,012 miles of distribution lines, 342 miles of transmission lines and 47 substations. Luz del Sur property consists of approximately 13,458 miles of distribution lines, 185 miles of transmission lines and 36 substations. Sempra Mexico's operations include approximately 2,252 miles of distribution pipelines, 543 miles of transmission pipelines and three compressor stations.
Sempra Renewables leases properties in Nevada for operating solar electric generation facilities to develop additional solar electric generation facilities on these properties. Sempra Renewables also leases property in Minnesota for the development of a wind electric generation facility. Sempra Renewables also owns property in Arizona and California for development of solar electric generation facilities. Sempra Mexico leases properties in Mexico for development of wind electric generation facilities. Sempra Natural Gas and its partner, ProLiance Transportation and Storage, LLC, owns approximately three salt caverns representing 10 billion cubic feet to 12 billion cubic feet of natural gas storage capacity in Cameron Parish, Louisiana.
The Sempra Natural Gas segment owns and operates Mobile Gas, a natural gas distribution utility located in Mobile and Baldwin counties in Alabama. Its property consists of distribution mains, service lines and regulating equipment. The Sempra Natural Gas segment also owns and operates Willmut Gas, a natural gas distribution utility headquartered in Forrest County, Mississippi.
California natural gas utility operations
SoCalGas and SDG&E sell, distribute and transport natural gas. SoCalGas purchases and stores natural gas for its core customers and SDG&E's core customers on a combined portfolio basis and provides natural gas storage services for others. SoCalGas purchases natural gas under short-term and long-term contracts for the California Utilities' core customers. SoCalGas purchases natural gas from Canada, the United States Rockies and the southwestern United States. It also purchases some California natural gas production and additional supplies delivered directly to California for its remaining requirements. SoCalGas provides natural gas storage services for core, noncore and non-end use customers. SoCalGas owns approximately four natural gas storage facilities. The facilities have a combined working gas capacity of approximately 137 billion cubic feet and have over 200 injection, withdrawal and observation wells. The Aliso Canyon natural gas storage facility represents 63% of SoCalGas' owned natural gas storage capacity.
Electric utility operations
SDG&E buys natural gas under short-term contracts for its Palomar, Desert Star, Miramar and Cuyamaca Peak generating facilities and for the Otay Mesa Energy Center LLC, Orange Grove Energy L.P., El Cajon Energy, LLC, Escondido Energy Center, LLC and Goal Line L.P. tolling contracts. The natural gas is delivered to the generating facilities through SoCalGas' and SDG&E's pipeline system.
The Company competes with Avangrid, First Solar, Invenergy, MidAmerican Energy, NextEra Energy Resources, NRG Energy, SunEdison, AGL Resources, Boardwalk Pipeline Partners, Cardinal Gas Storage Partners, Clean Energy, Duke Energy, Enbridge, Energy Transfer Partners, Enterprise Products Partners, Kinder Morgan, Macquarie Infrastructure Partners, NiSource, Plains All American Pipeline, Spectra Energy, TransCanada, The Williams Companies, Carso Energy, Enagas, Fermaca, ENGIE S.A., Mitsui, Cenagas, BG, BP, Cheniere Energy, Chevron, ConocoPhillips, ExxonMobil, Petronas, Qatar Petroleum, Royal Dutch Shell, Total and Woodside.
488 8th Ave,
PO Box 129400
SAN DIEGO CA 92101-7123
Company Web Links
- California expects to complete Aliso Canyon natgas review in early 2017
- Odebrecht selling Peru irrigation business to Brookfield, Suez
- Sempra quits talks on Odebrecht Peru pipeline, partners scramble
- UPDATE 3-Sempra quits talks on Odebrecht Peru pipeline, partners scramble
- BRIEF-Sempra International negotiations have been terminated regarding Gasoducto Sur Peruano natural gas pipeline project