“Market Cap $23.64 B As of May 2014
- Industry: Natural Gas Utilities
- Founded: 1998
- Country: United States
- CEO: Debra Reed
- Website: www.sempra.com
- Employees: 17,000
- Sales: $10.56 B
- Headquarters: San Diego, California
- #921 in Sales
- #629 in Profit
- #635 in Assets
- #472 in Market value
Sempra Energy is an energy services holding company operates through its subsidiaries. The company is engaged in the development of energy infrastructure, operation of utilities, and provision of energy-related products and services. It operates through six reportable segments: SDG&E, SoCalGas, Sempra South American Utilities, Sempra Mexico, Sempra Renewables and Sempra Natural Gas. The SDG&E segment provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County. The SoCalGas segment is a natural gas distribution utility, serving customers throughout most of Southern California and part of central California. The Sempra South American Utilities segment operates electric transmission and distribution utilities in Chile and Peru, and owns interests in utilities in Argentina. The Sempra Mexico segment develops, owns and operates, or holds interests in, natural gas transmission pipelines and propane and ethane systems, a natural gas distribution utility, electric generation facilities (including wind), a terminal for the import of LNG, and marketing operations for the purchase of LNG and the purchase and sale of natural gas in Mexico. The Sempra Renewables segment develops, owns and operates, or holds interests in, wind and solar energy projects in Arizona, California, Colorado, Hawaii, Indiana, Kansas, Nevada and Pennsylvania to serve wholesale electricity markets in the U.S. The Sempra Natural Gas segment develops, owns and operates, or holds interests in, a natural gas-fired electric generation plant, natural gas pipelines and storage facilities, natural gas distribution utilities and a terminal for the importation and export of LNG and sale of natural gas, all within the U.S. Sempra Energy was founded in 1998 and is headquartered in San Diego, CA.“
“The Sempra Energy Story
Sempra Energy was created in 1998 by a merger of parent companies of two long-established, and highly respected, investor-owned utilities with rich histories dating back more than a century.
Sempra Energy was founded to capitalize on new opportunities in competitive energy markets. The company’s ongoing focus 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 is a Fortune 500 energy services company, based in San Diego, Calif., that combines deep industry expertise with rigorous risk management to deliver superior shareholder returns. In 2013, Sempra Energy produced revenues of approximately $10.5 billion.
More than 31 million consumers
With 17,000 employees, the Sempra Energy companies develop energy infrastructure, operate utilities, and provide related products and services to more than 31 million consumers worldwide.
Sempra Energy’s California utilities, San Diego Gas & Electric Co. andSouthern California Gas Co., serve more than 20 million consumers. And its other businesses – Sempra U.S. Gas & Power and Sempra International – develop and operate critical energy infrastructure and provide gas and electricity services in North America and South America.”
*Information from Forbes.com and Sempra.com
**Video published on YouTube by “Sempra Energy“