About the Company
Headquartered in San Diego, California, Sempra Energy is an energy infrastructure company. It primarily emphasises on developing and operating energy infrastructure and provides electric and gas services in North America. This company serves more than 35 million customers all across the world and has over 17,000 employees. It was formed following the merger between Pacific Enterprises and Enova Corporation in June, 1998. Sempra Energy shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol “SRE”. SRE conducts its operations through the following divisions: San Diego Gas & Electric Company, Sempra Texas Utilities, Sempra Liquefied Natural Gas, Southern California Gas Company and Sempra Mexico.
The first segment is engaged in provision of electric and natural gas services. The Southern California Gas Company controls the operations of natural gas transmission, distribution and storage systems. The Sempra Mexico division involves energy infrastructure operations. The Sempra LNG segment is involved in the development of projects for the export of LNG. Moreover, it is also engaged in the operations involving natural gas pipelines, and the buying, selling and transportation of natural gas in various parts of the United States and Mexico.
Some other popular subsidiaries of Sempra Energy include Energy Future Holdings, Oncor Electric Delivery, Cameron LNG, LLC, Sharyland Utilities, LLC., Port Arthur LNG, LLC, PXiSE Energy Solutions, LLC, ENOVA CORP, Sempra U.S. Gas & Power, LLC and Sempra Commodities Inc. In 1999, SRE expanded its operations to South America by completing the acquisitions of Chilquinta Energía and Luz Del Sur in Chile and Peru respectively. Eight years later, SRE established the Sempra Energy Foundation to help various communities through volunteering and grants. In 2012, operations of the San Diego Gas and Electric Company’s Sunrise Powerlink began; its 500,000-volt transmission line has a capacity to serve more than 6,00,000 homes.
Since its inception, Sempra Energy has made more than 5 investments and acquisitions. The most noteworthy purchase came in 2008, when it completed the acquisition of Energy South for an estimated $510 million. SRE’s largest disclosed sale was completed in 2019 when it sold off Luz Del Sur S.A.A. to China Yangtze Power, a Chinese utility company headquartered in Beijing, for approximately $3.6 billion. Some of the other key acquisitions include Energy Future Holdings (acquired for $9.45 billion in 2017), Oncor Electric Delivery (acquired for $18.08 billion in 2017) and Sharyland (acquired for $98 million in 2019). In 2018, Forbes ranked SRE 83rd on the list of World’s Best Employers. The following year, it was ranked 33rd on the Forbes’ America’s Largest Public Companies list. In 2020, it occupied the 338th position on the Forbes’ Global 2000 list. In the same year, Sempra Energy ranked 258th on the list of Fortune 500 companies.;
|HeadQuarters||San Diego, CA|