Sempra Energy

Sempra Energy is a Fortune 500 utility company based in San Diego, California that provides gas and electrical services to residential, commercial and industrial customers in California, Texas and other areas in North America. 

Sempra Energy was founded in 1998 after a merger between the parent companies of two long-established utilities, San Diego Gas & Electric and Southern California Gas Company. Sempra Energy's focus is to enhance shareholder value while meeting customer needs by sustaining financial strength, operational flexibility, and a skilled workforce. The company is committed to delivering superior shareholder returns through deep industry expertise and rigorous risk management. The company is also involved in developing and operating energy infrastructure, including liquefied natural gas (LNG) facilities, natural gas pipelines, and storage facilities. 

In 2019, Sempra Energy reported revenues of $11.7 billion and had approximately 18,000 employees. 

Sempra Energy is dedicated to sustainable and responsible operations, including reducing greenhouse gas emissions and promoting clean energy solutions.

Sempra Energy was founded in 1998 through the merger of Pacific Enterprises and Enova Corporation, the parent companies of two long-established investor-owned utilities in Southern California. The company quickly expanded its operations into the Latin American energy market with the acquisition of two utilities in Chile and Peru in 1999. However, Sempra Energy faced legal action in 2001 for allegedly manipulating natural gas supplies and electricity contracts during the California electricity crisis. In 2003, the company completed three state-of-the-art power plant projects in Arizona, California, and New Mexico.

In subsequent years, Sempra Energy made significant investments in energy infrastructure projects in the United States and Latin America, including the creation of the Sempra Energy Foundation in 2007 and the launch of the Energía Costa Azul liquefied natural gas (LNG) receipt terminal in Baja California in 2008. The company continued to expand its LNG operations with the successful performance testing and commercial operations of the Cameron LNG receipt terminal in Louisiana in 2009.

Sempra Energy reached a major milestone in 2014 when its stock price reached $100 for the first time. The company continued to pursue strategic acquisitions and partnerships, including the acquisition of InfraREIT by Oncor Electric Delivery Company in 2019 and a partnership with Aramco to supply LNG to Saudi Arabia. Sempra Energy also completed the sale of its business in Peru in 2020 and reached a final investment decision for the Energía Costa Azul liquefaction export project in Baja California.

Today, Sempra Energy remains a Fortune 500 energy services company based in San Diego, California, with a focus on delivering superior shareholder returns through deep industry expertise and rigorous risk management. The company provides gas and electrical services to millions of customers in California and operates energy infrastructure projects throughout the United States and Latin America.

According to Sempra Energy, the company's mission is: “to build north America's premier energy infrastructure company.”

The mission of Sempra Energy is to be North America's premier energy infrastructure company, delivering affordable and reliable energy to customers and communities, while also promoting sustainability and protecting the environment.

Sempra Energy aims to achieve this mission by:

- Focusing on its core businesses: Sempra Energy is committed to maintaining and growing its core businesses, including natural gas distribution, electricity generation and distribution, and energy infrastructure development.

- Investing in renewable energy: Sempra Energy is committed to investing in renewable energy projects and increasing its clean energy portfolio. The company has set a goal of achieving a 100% clean energy portfolio by 2045.

- Delivering value to shareholders: Sempra Energy is committed to delivering long-term value to its shareholders by investing in profitable and sustainable growth opportunities.

- Being a responsible corporate citizen: Sempra Energy is committed to being a responsible corporate citizen and engaging with the communities where it operates. The company strives to promote environmental sustainability, diversity and inclusion, and ethical business practices.

As stated in company website, Sempra Energy vision is: “to enhance shareholder value and meet customer needs by sustaining the financial strength, operational flexibility and skilled workforce needed to succeed in rapidly changing market conditions.”

Sempra Energy's vision statement highlights the company's commitment to providing value to its shareholders while meeting the needs of its customers. The company recognizes the importance of sustaining its financial strength, operational flexibility, and skilled workforce to adapt and thrive in an ever-changing energy market.

By prioritizing these key factors, Sempra Energy aims to position itself as a leader in the energy industry, delivering reliable and innovative solutions to meet the evolving needs of its customers. The company recognizes that success in the energy industry requires a deep understanding of market dynamics, as well as a commitment to responsible and sustainable business practices.

Natural Gas: Sempra Energy is one of the largest natural gas distribution companies in the United States. The company provides natural gas services to over 36 million customers in the United States and Mexico.

Electricity: Sempra Energy generates and distributes electricity to over 10 million customers in the United States and Mexico. The company operates power plants that use natural gas, solar, wind, and other renewable energy sources.

Renewable Energy: Sempra Energy invests in renewable energy projects, including solar, wind, and geothermal power plants. The company has a goal of achieving a 100% clean energy portfolio by 2045.

Energy Storage: Sempra Energy develops and operates energy storage facilities that can help balance the grid and improve the integration of renewable energy.

Energy Services: Sempra Energy provides energy management services to commercial and industrial customers, helping them to optimize their energy usage and reduce costs.

Pipelines: Sempra Energy owns and operates natural gas pipelines that transport natural gas to customers throughout North America.

LNG: Sempra Energy is involved in the liquefied natural gas (LNG) industry, including the development of LNG export facilities.

Infrastructure: Sempra Energy invests in energy infrastructure projects, including the development of natural gas and electric transmission lines, as well as energy storage and renewable energy projects.