September 20, 2014 10:38 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Sempra U.S. Gas & Power, LLC

Company Overview

Sempra U.S. Gas & Power, LLC develops renewable energy and natural gas solutions in the United States. It operates photovoltaic solar, wind, and low-emission natural gas power plants that generate electricity for homes and businesses. The company also develops and operates natural gas storage facilities, long-distance pipelines, and distribution utilities to supply natural gas to residential, commercial, and industrial customers in Mobile and Baldwin counties in southwest Alabama; and greater Hattiesburg, as well as portions of Covington, Jones, and Simpson counties. Sempra U.S. Gas & Power, LLC has a strategic partnership with Consolidated Edison Development. The company was formerly known ...

101 Ash Street

HQ 13

San Diego, CA 92101

United States

Founded in 2011

Phone:

619-696-2000

Fax:

619-696-4463

Key Executives for Sempra U.S. Gas & Power, LLC

Chief Executive Officer and President
Age: 52
Chief Financial Officer and Vice President
Regional President of Natural Gas Business Segment
Vice President of Administration & External Affairs
Chief Counsel of Legal and Compliance
Compensation as of Fiscal Year 2014.

Sempra U.S. Gas & Power, LLC Key Developments

Sempra U.S. Gas & Power Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Sempra U.S. Gas & Power reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, earnings of Sempra Renewables were $18 million, compared with $15 million in 2013. Earnings for Sempra Natural Gas in the second quarter 2014 were $4 million, compared with $9 million in the second quarter 2013. In the first half of 2014, Sempra Renewables' earnings were $46 million, up from $19 million during the same period last year, due primarily to a $16 million gain in the first quarter 2014 on the sale of a 50% equity interest in the Copper Mountain Solar 3 facility. For the first six months of 2014, Sempra Natural Gas had earnings of $13 million, compared with $62 million in the first half of 2013. Earnings in the first six months of 2013 included a $44 million first-quarter gain on the sale of a portion of the Mesquite Power plant.

Sempra U.S. Gas & Power, LLC Presents at 7th Annual Utility Scale Solar Summit 2014, Sep-09-2014 through Sep-11-2014

Sempra U.S. Gas & Power, LLC Presents at 7th Annual Utility Scale Solar Summit 2014, Sep-09-2014 through Sep-11-2014. Venue: San Diego Convention Center, San Diego, California, United States. Presentation Date & Speakers: Sep-10-2014, Kevin C. Sagara, Vice President of Renewables and Corporate Development. Sep-11-2014, Lawrence S. Folks, Regional Vice President of Renewables Development.

Sempra U.S. Gas & Power and Consolidated Edison Development Partner in Additional Solar Projects

Sempra U.S. Gas & Power and Consolidated Edison Development (ConEdison Development) announced agreements to partner in five solar projects in Nevada and California. The projects include Sempra U.S. Gas & Power's 250-megawatt (MW) Copper Mountain Solar 3 project near Las Vegas, and Consolidated Edison Development's CED California Holdings, LLC portfolio: the 50-MW Alpaugh 50, 20-MW Alpaugh North and 20-MW White River 1 facilities in Tulare County, and the 20-MW Corcoran 1 facility in Kings County. The renewable power from all of the projects has been sold under long-term contracts. Upon finalization of the agreements, Sempra U.S. Gas & Power and Consolidated Edison Development holding companies will each own a 50% interest in the five solar facilities. The agreement relative to the CED California Holdings, LLC projects is subject to regulatory approvals which are expected during the second quarter of 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 26, 2013
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