Last $112.09 USD
Change Today +1.76 / 1.60%
Volume 490.2K
SRE On Other Exchanges
New York
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

101 Ash Street

San Diego, CA 92101

United States

Phone: 619-696-2000


Sempra Energy, through its subsidiaries, operates as an energy services company. The company’s subsidiaries include San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas). The company’s principal operating units are SDG&E and SoCalGas, which are separate, segments; Sempra International, which includes its Sempra South American Utilities and Sempra Mexico segments; and Sempra U.S. Gas & Power, which includes its Sempra Renewables and Sempra Natural Gas segments. California Natural Gas Utility Operations SoCalGas and SDG&E sell, distribute and transport natural gas. SoCalGas purchases and stores natural gas for its core customers and SDG&E’s core customers on a combined portfolio basis and provides natural gas storage services for others. Customers As of December 31, 2013, SoCalGas had 5.8 million customer meters consisting of approximately 5,568,200 residential; 246,700 commercial; 27,000 industrial; and 40 electric generation and wholesale. As of December 31, 2013, SDG&E had approximately 865,000 natural gas customer meters consisting of approximately 832,000 residential; 28,600 commercial; and 3,700 electric generation and cogeneration. The company’s core customers are primarily residential and small commercial and industrial customers. Its noncore customers at SoCalGas consist primarily of electric generation, wholesale, large commercial, industrial, and enhanced oil recovery customers. SoCalGas’ wholesale customers are primarily other investor-owned utilities (IOUs), including SDG&E, or municipally owned natural gas distribution systems. Noncore customers at SDG&E consist primarily of electric generation and large commercial and industrial customers. In 2013, SoCalGas added approximately 23,000 new connected natural gas customer meters. Natural Gas Procurement and Transportation SoCalGas purchases natural gas under short-term and long-term contracts for the California Utilities’ core customers. SoCalGas purchases natural gas from Canada, the U.S. Rockies and the southwestern U.S. to meet its and SDG&E’s core customer requirements and maintain pipeline reliability. It also purchases some California natural gas production and additional supplies delivered directly to California for its remaining requirements. SoCalGas has entered into firm interstate pipeline capacity contracts that require the payment of fixed reservation charges to reserve firm transportation rights. These contracts expire on various dates between 2014 and 2028. Pipeline companies, primarily El Paso Natural Gas Company, Transwestern Pipeline Company, Gas Transmission Northwest, Pacific Gas and Electric Company, and Kern River Gas Transmission Company, provide transportation services into SoCalGas’ intrastate transmission system for supplies purchased by SoCalGas or its transportation customers from outside of California. Natural Gas Storage SoCalGas provides natural gas storage services for core, noncore and non-end-use customers. The California Utilities’ core customers are allocated a portion of SoCalGas’ storage capacity. SoCalGas offers the remaining storage capacity for sale to others, including SDG&E for its non-core customer requirements, through an open bid process. Electric Utility Operations SDG&E Customers: SDG&E’s service area covers 4,100 square miles. As of December 31, 2013, SDG&E had 1.4 million electric customer meters consisting of approximately 1,252,400 residential; 148,000 commercial; 500 industrial; 2,100 street and highway lighting; and 5,400 direct access. Natural Gas Supply: SDG&E buys natural gas under short-term contracts for its Palomar, Miramar, Desert Star and Cuyamaca Peak generating facilities and for the Otay Mesa Energy Center LLC, Orange Grove Energy L.P., El Cajon Energy, LLC and Escondido Energy Center, LLC tolling contracts. SDG&E’s natural gas is typically delivered from Southern California receipt points to the SoCal CityGate pool via backbone transmission system rights which expire on September 30, 2014. The natural gas is then delivered to the generating facilities through SoCalGas’ and SDG&E’s pipeline systems in accordance with a

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