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Sempra Energy (SRE)

SRE on New York Consolidated

140.57USD
22 Jul 2019
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Latest Key Developments (Source: Significant Developments)

San Diego Gas & Electric Notifies CPUC Of Commitment To Provide Shareholder Contributions To Wildfire Fund
Friday, 19 Jul 2019 06:27am EDT 

July 19 (Reuters) - Sempra Energy ::SAN DIEGO GAS & ELECTRIC - ON JULY 18 , CO NOTIFIED CPUC OF COMMITMENT TO PROVIDE SHAREHOLDER CONTRIBUTIONS TO WILDFIRE FUND.SAN DIEGO GAS & ELECTRIC -WILDFIRE FUND WILL ONLY BE CREATED IF SOUTHERN CALIFORNIA EDISON COMPANY ALSO COMMITS TO PROVIDE ITS SHAREHOLDER CONTRIBUTIONS.SAN DIEGO GAS & ELECTRIC - DEADLINE FOR EDISON TO INDICATE WHETHER THEY WILL COMMIT TO CONTRIBUTING TO WILDFIRE FUND IS JULY 27, 2019.SAN DIEGO GAS & ELECTRIC - SDG&E'S INITIAL CONTRIBUTION TO FUND WOULD BE $322.5 MILLION.SAN DIEGO GAS & ELECTRIC - ANNUAL CONTRIBUTION WOULD BE $12.9 MILLION EACH YEAR FOR 10 YEARS, ALL OF WHICH WOULD BE FUNDED BY SDG&E'S SHAREHOLDERS.SAN DIEGO GAS & ELECTRIC - CONTRIBUTION MAY RESULT IN, AMONG OTHER POSSIBILITIES, A CHARGE AGAINST EARNINGS OF SEMPRA ENERGY AND SDG&E IN Q3 OF 2019.SAN DIEGO GAS & ELECTRIC -SUBJECT TO EDISON COMMITTING TO CONTRIBUTE TO WILDFIRE FUND, EDISON, CO WOULD BE REQUIRED TO MAKE INITIAL CONTRIBUTIONS BY SEPT 10, 2019.  Full Article

CPUC Opens Investigation Against SoCalGas for Aliso Canyon Leak
Friday, 28 Jun 2019 09:44am EDT 

June 28 (Reuters) - The California Public Utilities Commission (CPUC)::OPENED AN INVESTIGATION ON THURSDAY TO CONSIDER PENALTIES AGAINST SOUTHERN CALIFORNIA GAS COMPANY (SOCALGAS) FOR THE LEAK AT ITS ALISO CANYON NATURAL GAS STORAGE FACILITY, WHICH BEGAN ON OCT. 23, 2015.ALSO OPENED AN INVESTIGATION AGAINST SOCALGAS AND SEMPRA ENERGY "TO DETERMINE WHETHER THEIR ORGANIZATIONAL CULTURE AND GOVERNANCE PRIORITIZE SAFETY AND ADEQUATELY DIRECT RESOURCES TO PROMOTE ACCOUNTABILITY AND ACHIEVE SAFETY GOALS AND STANDARDS".SOCALGAS SAYS CALIFORNIA ALISO NATGAS STORAGE FACILITY FULL nL2N23W0SD.  Full Article

Sempra Energy Sets Quarterly Dividend Of $0.9675Per Share
Tuesday, 18 Jun 2019 12:48pm EDT 

Sempra Energy ::SETS QUARTERLY DIVIDEND OF $0.9675PER SHARE.  Full Article

InfraREIT Says Public Utility Commission Of Texas Approves Oncor's Acquisition Of Co
Thursday, 9 May 2019 04:48pm EDT 

May 9 (Reuters) - InfraREIT Inc ::PUBLIC UTILITY COMMISSION OF TEXAS APPROVES ONCOR'S ACQUISITION OF INFRAREIT.  Full Article

Sempra Energy Q1 Adjusted Earnings Per Share $1.92
Tuesday, 7 May 2019 06:55am EDT 

May 7 (Reuters) - Sempra Energy ::REPORTS HIGHER FIRST-QUARTER 2019 EARNINGS.Q1 ADJUSTED EARNINGS PER SHARE $1.92.Q1 EARNINGS PER SHARE $1.59.Q1 EARNINGS PER SHARE ESTIMATE $1.68 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $5.70 TO $6.30.SEES FY 2020 EARNINGS PER SHARE $6.70 TO $7.50.FY2019 EARNINGS PER SHARE VIEW $6.01 -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $7.11 -- REFINITIV IBES DATA.QTRLY TOTAL REVENUES $2,898 MILLION VERSUS $ 2,536 MILLION.EPS GUIDANCE RANGE FOR 2020 DOES NOT INCLUDE IMPACTS FROM PLANNED SALE OF SEMPRA ENERGY'S SOUTH AMERICAN BUSINESSES.AFFIRMED ITS 2019 ADJUSTED EARNINGS-PER-SHARE GUIDANCE RANGE.SEMPRA ENERGY EXPECTS TO BEGIN RECOGNIZING EARNINGS FROM TRAIN 1 IN MID-2019.SALES PROCESS OF SEMPRA ENERGY'S EQUITY INTERESTS IN ITS SOUTH AMERICAN BUSINESSES ALSO REMAINS ON TRACK.Q1 REVENUE VIEW $3.14 BILLION -- REFINITIV IBES DATA.  Full Article

Southern California Gas Co Non-Executive Chairman Patricia Wagner To Resign
Tuesday, 19 Mar 2019 04:41pm EDT 

March 19 (Reuters) - Southern California Gas Co ::SOUTHERN CALIFORNIA GAS CO - ON MARCH 15, PATRICIA WAGNER INFORMED SHE WILL RESIGN AS DIRECTOR AND NON-EXECUTIVE CHAIRMAN EFFECTIVE MARCH 18.SOUTHERN CALIFORNIA GAS CO - BOARD APPOINTED J. BRET LANE, CEO, AS EXECUTIVE CHAIRMAN EFFECTIVE MARCH 19.  Full Article

SoCalGas Plans To Replace 20 Pct Of Its Traditional Natural Gas Supply With Renewable Natural Gas By 2030
Wednesday, 6 Mar 2019 01:44pm EST 

March 6 (Reuters) - Southern California Gas Company::SOUTHERN CALIFORNIA GAS COMPANY - ANNOUNCED PLAN TO REPLACE 20 PERCENT OF ITS TRADITIONAL NATURAL GAS SUPPLY WITH RENEWABLE NATURAL GAS BY 2030.SOCALGAS SAYS WILL PURSUE REGULATORY AUTHORITY TO IMPLEMENT "A BROAD RENEWABLE NATURAL GAS PROCUREMENT PROGRAM".SOCALGAS SAYS HAS GOAL OF REPLACING FIVE PERCENT OF ITS NATURAL GAS SUPPLY WITH RENEWABLE NATURAL GAS BY 2022.  Full Article

Sempra Energy To Sell Us Wind Assets To American Electric Power
Tuesday, 12 Feb 2019 04:15pm EST 

Feb 12 (Reuters) - Sempra Energy ::PRESS RELEASE - SEMPRA ENERGY TO SELL US WIND ASSETS TO AMERICAN ELECTRIC POWER.SEMPRA ENERGY - DEAL FOR $551 MILLION IN CASH.SEMPRA ENERGY - SELLING ITS REMAINING WIND OPERATING AND DEVELOPMENT ASSETS TO AMERICAN ELECTRIC POWER.SEMPRA ENERGY - AEP ALSO WILL ACQUIRE ALL OF SEMPRA RENEWABLES WIND PROJECTS CURRENTLY IN DEVELOPMENT.SEMPRA ENERGY - SALE IS EXPECTED TO BE COMPLETED IN Q2 OF 2019.SEMPRA ENERGY - SALE TO AEP COMPRISES ABOUT 724 MEGAWATTS OF CAPACITY IN SEMPRA ENERGY'S NON-UTILITY U.S. RENEWABLES PORTFOLIO.  Full Article

Sempra Energy Subsidiary And Polish Oil & Gas Sign Agreement To Export U.S. LNG To Europe
Wednesday, 19 Dec 2018 06:50am EST 

Dec 19 (Reuters) - Sempra Energy ::SEMPRA ENERGY SUBSIDIARY AND POLISH OIL & GAS CO. SIGN DEFINITIVE AGREEMENT TO EXPORT U.S. LNG TO EUROPE.SEMPRA ENERGY - FINANCIAL TERMS WERE NOT DISCLOSED.SEMPRA ENERGY - AGREEMENT IS FOR SALE AND PURCHASE OF 2 MTPA, OR APPROXIMATELY 2.7 BILLION CUBIC METERS PER YEAR OF NATURAL GAS.SEMPRA ENERGY - AGREEMENT IS SUBJECT TO CERTAIN CONDITIONS PRECEDENT, INCLUDING PORT ARTHUR LNG MAKING A FINAL INVESTMENT DECISION..SEMPRA ENERGY - PORT ARTHUR LNG & POLISH OIL & GAS COMPANY ENTERED INTO A DEFINITIVE 20-YEAR SALE-AND-PURCHASE AGREEMENT FOR LIQUEFIED NATURAL GAS.SEMPRA - PORT ARTHUR LNG WILL MANAGE GAS PIPELINE TRANSPORTATION, LIQUEFACTION PROCESSING, CARGO LOADING.SEMPRA ENERGY - PGNIG PLANS TO DELIVER CARGOS TO DOMESTIC CUSTOMERS IN POLAND OR TRADE LNG ON GLOBAL MARKET, ONCE OPERATIONS COMMENCE.SEMPRA ENERGY - UNDER AGREEMENT, LNG PURCHASES FROM PORT ARTHUR LNG WILL BE MADE ON A FREE-ON-BOARD BASIS.SEMPRA - PORT ARTHUR LIQUEFACTION-EXPORT FACILITY IS SCHEDULED TO RECEIVE ITS FINAL ENVIRONMENTAL IMPACT STATEMENT FROM FERC NEXT MONTH.  Full Article

Cameron LNG To Initiate Commissioning Of First Train Of Liquefaction-Export Project
Friday, 2 Nov 2018 06:59am EDT 

Nov 2 (Reuters) - Sempra Energy ::CAMERON LNG TO INITIATE COMMISSIONING OF FIRST TRAIN OF LIQUEFACTION-EXPORT PROJECT.SEMPRA ENERGY - ALL THREE TRAINS ARE EXPECTED TO BE PRODUCING LNG IN 2019..SEMPRA ENERGY - CO'S SHARE OF FULL RUN-RATE EARNINGS FROM FIRST THREE TRAINS AT CAMERON LNG ARE PROJECTED TO BE BETWEEN $365 MILLION AND $425 MILLION ANNUALLY.  Full Article

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California lawmakers approve legislation for $21 billion wildfire fund

SAN FRANCISCO California lawmakers approved legislation on Thursday to create a $21 billion fund to help utilities in the state pay for claims arising from future wildfires sparked by their equipment, tackling a top issue for the state.