SAN DIEGO, June 29, 2020 /PRNewswire/ -- Sempra Energy
(NYSE: SRE) was named the top utility company on 3BL Media's "100
Best Corporate Citizens" list for 2020. This is the 11th
consecutive year Sempra Energy has appeared on the list.
"Sempra Energy's mission-focused, values-led culture means each
of our 18,000 employees contributes to improving the lives of our
customers by delivering energy with purpose," said Lisa Alexander, senior vice president of
corporate affairs for Sempra Energy. "The ideal of service is
central to our high-performance culture and empowers us to invest
in the communities we serve."
Sempra Energy prioritizes performance in four key areas:
world-class safety, workforce engagement, resilient operations and
critical support for the energy transition. These categories and
the key performance indicators in each area, as described in the
company's latest corporate sustainability report, are vital to
Sempra Energy's mission to become North
America's premier energy infrastructure company and set a
leading example for the energy industry.
Across Sempra Energy's family of companies, doing the right
thing is central to the company's mission. Consequently, the Sempra
Energy family of companies and Sempra Energy Foundation have
donated more than $12 million in
COVID-19 relief aid to organizations across North America. From California and Texas to Louisiana and Mexico, this support demonstrates Sempra
Energy's firm investment in the resilient communities where the
company operates.
The "100 Best Corporate Citizens" ranking is based on an
assessment of the companies on the Russell 1000 Index – a stock
market index that tracks 1,000 of the largest companies in
the United States. Sempra Energy
holds the 61st spot on the list overall, and is ranked
first among utility companies. The assessment is based on a
company's scores in seven areas: employee relations, environment,
climate change, governance, stakeholders, human rights and
financial performance. The "100 Best Corporate Citizens" list is
developed by 3BL Media, formerly Corporate Responsibility
Magazine.
About Sempra Energy
Sempra Energy's mission is to be North
America's premier energy infrastructure company. With more
than $60 billion in total assets in 2019, the San
Diego-based company is the utility holding company with the largest
U.S. customer base. The Sempra Energy companies' more than 18,000
employees deliver energy with purpose to over 35 million consumers
across North America. The company
is focused on the most attractive markets in North America,
including California, Texas, Mexico and the LNG
export market. Sempra Energy has been consistently recognized for
its leadership in sustainability, and diversity and inclusion, and
is a member of the S&P 500 Utilities Index and the Dow Jones
Utility Index. The company was also named one of the "World's Most
Admired Companies" for 2020 by Fortune Magazine.
This press release contains statements that are not historical
fact and constitute forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on assumptions with respect to
the future, involve risks and uncertainties, and are not guarantees
of performance. Future results may differ materially from those
expressed in the forward-looking statements. These forward-looking
statements represent our estimates and assumptions only as of the
date of this press release. We assume no obligation to update or
revise any forward-looking statement as a result of new
information, future events or other factors.
In this press release, forward-looking statements can be
identified by words such as "believes," "expects," "anticipates,"
"plans," "estimates," "projects," "forecasts," "should," "could,"
"would," "will," "confident," "may," "can," "potential,"
"possible," "proposed," "target," "pursue," "outlook," "maintain,"
or similar expressions, or when we discuss our guidance, strategy,
goals, vision, mission, opportunities, projections or
intentions.
Factors, among others, that could cause our actual results and
future actions to differ materially from those described in any
forward-looking statements include risks and uncertainties relating
to: California wildfires and the
risk that we may be found liable for damages regardless of fault
and the risk that we may not be able to recover any such costs from
insurance, the wildfire fund established by California Assembly
Bill 1054 or in rates from customers; decisions, investigations,
regulations, issuances of permits and other authorizations, renewal
of franchises, and other actions by the Comisión Federal de
Electricidad, California Public Utilities Commission, U.S.
Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and
jurisdictions in the U.S. and other countries in which we operate;
the success of business development efforts, construction projects
and major acquisitions and divestitures, including risks in (i) the
ability to make a final investment decision and completing
construction projects on schedule and budget, (ii) obtaining the
consent of partners, (iii) counterparties' financial or other
ability to fulfill contractual commitments, (iv) the ability to
complete contemplated acquisitions and/or divestitures, and (v) the
ability to realize anticipated benefits from any of these efforts
once completed; the impact of the COVID-19 pandemic on our (i)
ability to commence and complete capital and other projects and
obtain regulatory approvals, (ii) supply chain and current and
prospective counterparties, contractors, customers, employees and
partners, (iii) liquidity, resulting from bill payment challenges
experienced by our customers, decreased stability and accessibility
of the capital markets and other factors, and (iv) ability to
sustain operations and satisfy compliance requirements due to
social distancing measures or if employee absenteeism were to
increase significantly; the resolution of civil and criminal
litigation, regulatory investigations and proceedings, and
arbitrations; actions by credit rating agencies to downgrade our
credit ratings or to place those ratings on negative outlook and
our ability to borrow at favorable interest rates; moves to reduce
or eliminate reliance on natural gas and the impact of the extreme
volatility and unprecedented decline of oil prices on our
businesses and development projects; weather, natural disasters,
accidents, equipment failures, computer system outages and other
events that disrupt our operations, damage our facilities and
systems, cause the release of harmful materials, cause fires and
subject us to liability for property damage or personal injuries,
fines and penalties, some of which may not be covered by insurance
(including costs in excess of applicable policy limits), may be
disputed by insurers or may otherwise not be recoverable through
regulatory mechanisms or may impact our ability to obtain
satisfactory levels of affordable insurance; the availability of
electric power and natural gas and natural gas storage capacity,
including disruptions caused by failures in the transmission grid,
limitations on the withdrawal or injection of natural gas from or
into storage facilities, and equipment failures; cybersecurity
threats to the energy grid, storage and pipeline infrastructure,
the information and systems used to operate our businesses, and the
confidentiality of our proprietary information and the personal
information of our customers and employees; expropriation of
assets, the failure of foreign governments and state-owned entities
to honor the terms of contracts, and property disputes; the impact
at San Diego Gas & Electric Company (SDG&E) on competitive
customer rates and reliability due to the growth in distributed
power generation and from departing retail load resulting from
customers transferring to Direct Access, Community Choice
Aggregation or other forms of distributed power generation and the
risk of nonrecovery for stranded assets and contractual
obligations; Oncor Electric Delivery Company LLC's (Oncor) ability
to eliminate or reduce its quarterly dividends due to regulatory
and governance requirements and commitments, including by actions
of Oncor's independent directors or a minority member director;
volatility in foreign currency exchange, interest and inflation
rates and commodity prices and our ability to effectively hedge the
risk of such volatility; changes in trade policies, laws and
regulations, including tariffs and revisions to or replacement of
international trade agreements, such as the North American Free
Trade Agreement, that may increase our costs or impair our ability
to resolve trade disputes; the impact of changes to federal and
state tax laws and our ability to mitigate adverse impacts; and
other uncertainties, some of which may be difficult to predict and
are beyond our control.
These risks and uncertainties are further discussed in the
reports that Sempra Energy has filed with the U.S. Securities and
Exchange Commission (SEC). These reports are available through the
EDGAR system free-of-charge on the SEC's website, www.sec.gov, and
on the company's website, www.sempra.com. Investors should not rely
unduly on any forward-looking statements.
Sempra North American Infrastructure, Sempra LNG, Sempra Mexico,
Sempra Texas Utilities, Oncor and Infraestructura Energética Nova,
S.A.B. de C.V. (IEnova) are not the same companies as the
California utilities, SDG&E or
Southern California Gas Company, and Sempra North American
Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities,
Oncor and IEnova are not regulated by the California Public
Utilities Commission.
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SOURCE Sempra Energy