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  • Home Investors Financial News

Financial News

For a complete list of all company news releases, click here.

General Releases
View Summary Media Statement on Settlement with 12 Individual Plaintiffs in Continental Forge Case
Oct 29, 2005
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SAN DIEGO, Oct. 29, 2005 -- Javade Chaudhri, executive vice president and general counsel of Sempra Energy, issued the following statement today regarding a settlement agreement by Sempra Energy, Southern California Gas Co. and San Diego Gas & Electric with the County of Los Angeles and 11 other individual plaintiffs in the Continental Forge c...

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View Summary Sempra LNG Negotiating With Sonatrach S.A. to Bring Algerian LNG to U.S. Market
Oct 25, 2005
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SAN DIEGO and ALGIERS, Algeria, Oct. 25, 2005 - Sempra LNG, a unit of Sempra Energy (NYSE: SRE) today announced that it has signed a Heads of Agreement (HOA) with Sonatrach S.A., one of the world's leading energy companies, and is proceeding with detailed negotiations to bring Algerian natural gas to the U.S. Gulf Coast. The negotiations include e...

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View Summary Sempra Energy Unit Completes Sale Of Michigan, Louisiana Natural Gas Storage Assets
Sep 15, 2005
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SAN DIEGO, Sept. 15, 2005 – Sempra Energy (NYSE: SRE) today announced it has completed the sale of an indirect subsidiary whose principal assets are two natural gas storage facilities, Bluewater Gas Storage and Pine Prairie Energy Center, for $250 million, to Plains All American Pipeline, L.P. (NYSE: PAA) and Vulcan Capital. ...

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View Summary Sempra Energy Unit To Sell Michigan, Louisiana Natural Gas Storage Assets
Aug 22, 2005
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SAN DIEGO, Aug. 22, 2005 – Sempra Energy (NYSE: SRE) today announced a definitive agreement to sell an indirect subsidiary whose principal assets are two natural gas storage facilities, Bluewater Gas Storage and Pine Prairie Energy Center, for approximately $250 million to Plains All American Pipeline, L.P. (NYSE: PAA) and Vulcan Capital...

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View Summary Sempra LNG Signs Capacity Agreement with Eni S.p.A For Louisiana LNG Project
Aug 1, 2005
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20-Year Agreement to Begin in Early 2009 for About 40 Percent of Terminal's Capacity Sempra LNG Will Issue Notice to Proceed with Construction Eni Purchases Capacity on Pipeline Accessing U.S. Markets SAN DIEGO and MILAN, Aug. 1, 2005 – Sempra LNG, a unit of Sempra Energy (NYSE: SRE), today announced it...

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View Summary Sempra Generation Completes Acquisition Of Nevada Power Plant
Jul 26, 2005
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SAN DIEGO, July 26, 2005 – Sempra Generation, a subsidiary of Sempra Energy (NYSE: SRE), has completed its previously announced purchase from Reliant Energy of Reliant's 50-percent interest in El Dorado Energy, a 480-megawatt (MW) natural gas fired, combined-cycle power plant in Boulder City, Nev. Sempra Generation now owns the entire pl...

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View Summary Sempra Generation Files for Expansion of Texas Power Plant
Jul 19, 2005
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SAN DIEGO, July 19, 2005 – Sempra Generation, a subsidiary of Sempra Energy (NYSE: SRE), today announced plans to develop and construct a 600-megawatt (MW) expansion of its Twin Oaks Power plant near Bremond, Texas, tripling the plant's 305 MW total capacity to 900 MW. The announcement coincides with the filing of an air-permit applicati...

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View Summary San Diego Gas & Electric issues $250 million of first-mortgage bonds
May 19, 2005
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SAN DIEGO, May 19, 2005 - San Diego Gas & Electric (SDG&E), a unit of Sempra Energy (NYSE: SRE), today closed a public offering of $250 million of 30-year First Mortgage Bonds.The bonds have an interest rate of 5.35 percent, with a stated maturity date of May 15, 2035. The proceeds of the bonds will be used to finance SDG&E's capital- ...

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View Summary Sempra Generation to Acquire Full Ownership of Nevada Power Plant
May 19, 2005
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SAN DIEGO, May 19, 2005 - Sempra Generation, a subsidiary of Sempra Energy (NYSE: SRE), today announced it has entered into an agreement to purchase Reliant Energy's 50-percent interest in El Dorado Energy, a 480-megawatt (MW) natural gas fired, combined-cycle power plant in Boulder City, Nev., for a total value of $132 million. The payment to R...

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View Summary Sempra Pipelines & Storage, ProLiance Transportation & Storage Announce Partnership in Louisiana Gas Storage Facility
May 16, 2005
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SAN DIEGO and INDIANAPOLIS, May 16, 2005 - Sempra Pipelines & Storage, a subsidiary of Sempra Energy (NYSE: SRE), and ProLiance Transportation and Storage, LLC, the asset development and ownership affiliate of ProLiance Energy, LLC, a natural gas marketing company, today announced an agreement to construct, own and operate the Liberty Gas Storage n...

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View Summary Sempra Energy Unit Signs Memorandum of Understanding with Gazprom
Apr 25, 2005
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SAN DIEGO and MOSCOW, April 25, 2005 - Sempra Energy (NYSE: SRE) today announced that Sempra Global, the umbrella for the company's businesses operating in competitive energy markets, has signed a Memorandum of Understanding (MOU) with Gazprom, the largest natural gas producing company in the world, to cooperate in the delivery and associated mar...

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View Summary Sempra Energy files FERC application for Louisiana natural gas storage facility
Mar 25, 2005
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SAN DIEGO, March 25, 2005 - Sempra Pipelines & Storage, a unit of Sempra Energy (NYSE: SRE), today announced that it has petitioned for authorization from the Federal Energy Regulatory Commission (FERC) to construct and operate its Liberty Gas Storage LLC natural gas storage facility in Calcasieu Parish, La. In its filing, the company...

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View Summary Sempra Energy Provides Earnings Guidance For 2006-09
Mar 8, 2005
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SAN DIEGO, March 8, 2005 - In advance of its financial analysts' conference today in New York, Sempra Energy (NYSE: SRE) has updated its earnings outlook. The company today provided earnings-per-share guidance for 2006 of $3.20 to $3.40 and, for 2009, a target of $3.70 to $4.20. Last month, Sempra Energy raised its 2005 earnings-pe...

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View Summary Sempra LNG Signs Heads Of Agreement With ENI S.P.A For Louisiana LNG Project
Mar 8, 2005
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SAN DIEGO and MILAN, March 8, 2005 - Sempra LNG, a unit of Sempra Energy (NYSE: SRE), today announced it has signed a Heads of Agreement (HOA) that provides Eni S.p.A. (NYSE: E), one of the world's leading oil and natural gas exploration and production companies, with approximately one-third of the capacity of Sempra LNG's Cameron LNG receipt...

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View Summary Sempra LNG Signs Heads Of Agreement With Tractebel LNG North America For Louisiana LNG Project
Jan 27, 2005
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Twenty-year Contract Contemplated to Begin in 2008 Involves Up to One-third of Terminal's Total Capacity SAN DIEGO, Jan. 27, 2005 - Sempra LNG, a unit of Sempra Energy (NYSE: SRE), today announced it has signed a Heads of Agreement (HOA) that provides Tractebel LNG North America LLC (Tractebel LNG NA), the North A...

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View Summary Sempra LNG Awarded $1.4 Billion Mexico Natural Gas Contract
Jan 11, 2005
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15-Year Contract Begins in 2008 Contract Supports CFE's Baja California Power Plant's Natural Gas Needs New Sempra LNG Receipt Facility to Provide Gas SAN DIEGO, Jan. 11, 2005 - Sempra LNG, a unit of Sempra Energy (NYSE: SRE), today announced it has been awarded a 15-year natural gas supply contract by Mexic...

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View Summary Judge Sets Schedule For Continental Forge Case
Jan 10, 2005
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SAN DIEGO, Jan. 10, 2005 -- Sempra Energy (NYSE: SRE) announced today that a schedule has been set for a trial in the Continental Forge Company class-action litigation, beginning June 3, 2005. At that time, the judge will address what issues will be decided by a jury, as well as the scope and sequence of the cases. "After years of l...

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View Summary Sempra Energy Renames Several Subsidiaries
Jan 5, 2005
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SAN DIEGO, Jan. 5, 2005 - Sempra Energy (NYSE: SRE) has renamed several of its subsidiaries operating in competitive energy markets to more accurately describe their business focus. Sempra Energy Global Enterprises, the umbrella company for Sempra Energy's competitive energy businesses, now is Sempra Global. Its operating units are act...

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View Summary Sempra LNG Awards Engineering And Construction Contracts For Mexico And Louisiana LNG Receipt Terminals
Jan 3, 2005
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Construction Contracts Total Near $1.2 Billion Mexico Project's Major Construction Begins Soon Louisiana Project Construction Will Commence Upon Finalization of LNG Supply Contracts SAN DIEGO, Jan. 3, 2005 - Sempra LNG officials today announced the company has awarded approximately $1.2 billion in engineering, ...

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View Summary CPUC Ruling On Market Activities During California Energy Crisis Vindicates The Gas Company
Dec 16, 2004
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LOS ANGELES, Dec. 16, 2004 -- The California Public Utilities Commission (CPUC) today rejected an earlier draft decision by an administrative law judge critical of the efforts of Southern California Gas Co. (The Gas Company) during California's energy crisis of 2000-2001.The CPUC made its ruling after a two-year review of the evidence i...

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Sempra U.S. Gas & Power, LLC and Sempra International, LLC are not the same company as the utility, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra U.S. Gas & Power, LLC and Sempra International, LLC are not regulated by the California Public Utilities Commission.

Note: Formerly known as entities Sempra Generation, Sempra LNG and Sempra Pipelines & Storage have now been realigned under Sempra International and Sempra U.S. Gas & Power.