SAN DIEGO, June 15, 2021 /PRNewswire/ -- Sempra
Energy (NYSE: SRE) today announced that its board of directors
has declared a $1.10 per
share quarterly dividend on the company's common stock, which
is payable July 15, 2021, to common
stock shareholders of record at the close of business on July
7, 2021.
Sempra Energy's board of directors also declared a quarterly
dividend of $1.6875 per share on the company's 6.75%
Mandatory Convertible Preferred Stock, Series B, which is
payable July 15, 2021, to preferred stock shareholders of
record at the close of business on July 1,
2021.
About Sempra Energy
Sempra Energy's mission is to be North
America's premier energy infrastructure company. The Sempra
Energy family of companies have more than 19,000 talented employees
who deliver energy with purpose to over 36 million consumers. With
more than $66 billion in total assets
at the end of 2020, the San
Diego-based company is the owner of one of the largest
energy networks in North America
serving some of the world's leading economies. The company is
helping to advance the global energy transition by enabling the
delivery of lower-carbon energy solutions in each market it serves,
including California, Texas, Mexico
and the LNG export market. Sempra Energy is consistently recognized
as a leader in sustainable business practices and for its
long-standing commitment to building a high-performing culture
including safety, workforce development and training, and diversity
and inclusion. Sempra Energy is the only North American utility
sector company included on the Dow Jones Sustainability World Index
and was also named one of the "World's Most Admired Companies" for
2021 by Fortune Magazine. For additional information about Sempra
Energy, please visit Sempra Energy's website at www.sempra.com and
on Twitter @SempraEnergy.
This press release contains statements that 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. Future
results may differ materially from those expressed in any
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," "in process," "under construction," "in
development," "target," "outlook," "maintain," "continue," or
similar expressions, or when we discuss our guidance, priorities,
strategy, goals, vision, mission, opportunities, projections,
intentions or expectations.
Factors, among others, that could cause actual results and
events to differ materially from those described in any
forward-looking statements include risks and uncertainties relating
to: California wildfires,
including the risks that we may be found liable for damages
regardless of fault and that we may not be able to recover costs
from insurance, the wildfire fund established by California
Assembly Bill 1054 or in rates from customers; decisions,
investigations, regulations, issuances or revocations of permits
and other authorizations, renewals of franchises, and other actions
by (i) the Comisión Federal de Electricidad, California Public
Utilities Commission (CPUC), U.S. Department of Energy, Public
Utility Commission of Texas, and
other regulatory and governmental bodies and (ii) states, counties,
cities and other jurisdictions in the U.S., Mexico and other countries in which we do
business; 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, (ii)
completing construction projects or other transactions on schedule
and budget, (iii) the ability to realize anticipated benefits from
any of these efforts if completed, and (iv) obtaining the consent
of partners or other third parties; the resolution of civil and
criminal litigation, regulatory inquiries, investigations and
proceedings, and arbitrations, including, among others, those
related to the natural gas leak at Southern California Gas
Company's (SoCalGas) Aliso Canyon natural gas storage facility; the
impact of the COVID-19 pandemic on our capital projects, regulatory
approval processes, supply chain, liquidity and execution of
operations; actions by credit rating agencies to downgrade our
credit ratings or to place those ratings on negative outlook and
our ability to borrow on favorable terms and meet our substantial
debt service obligations; actions to reduce or eliminate reliance
on natural gas, including any deterioration of or increased
uncertainty in the political or regulatory environment for local
natural gas distribution companies operating in California, and the impact of volatility of
oil prices on our businesses and development projects; weather,
natural disasters, pandemics, accidents, equipment failures,
explosions, acts of terrorism, 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,
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 of natural gas from storage
facilities, and equipment failures; cybersecurity threats to the
energy grid, the 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, failure of foreign governments and state-owned entities to
honor their 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 and
local power generation, including from departing retail load
resulting from customers transferring to Direct Access and
Community Choice Aggregation, 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, inflation and interest rates and commodity
prices and our ability to effectively hedge these risks; changes in
tax and trade policies, laws and regulations, including tariffs and
revisions to international trade agreements that may increase our
costs, reduce our competitiveness, or impair our ability to resolve
trade disputes; 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 SoCalGas, and Sempra North American Infrastructure,
Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova
are not regulated by the CPUC.
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SOURCE Sempra Energy