Sempra U.S. Gas & Power Dedicates Nevada's Newest Solar Power Project
Dedication Marks Completion of One of North America's Largest Photovoltaic
BOULDER CITY, Nev., March 15, 2013
BOULDER CITY, Nev., March 15, 2013 /PRNewswire/ -- Nevada Gov. Brian Sandoval
and Boulder City Mayor Roger Tobler today joined Sempra U.S. Gas & Power
officials and community leaders to dedicate the state's newest solar energy
project, the 92-megawatt (MW) first phase of the company's Copper Mountain
Solar 2 facility in Boulder City.
Copper Mountain Solar 2 is one of the North America's largest photovoltaic
(PV) solar plants. When its second phase is completed in 2015, the project's
total operating capacity will be 150 MW, or enough energy for 45,000 homes.
The first phase of construction of Copper Mountain Solar 2 began in December
2011 and created approximately 650 construction jobs. The project employs 11
"Large-scale projects such as this shows that Nevada continues to be a leader
in developing renewable energy and is another step towards making our state
the western hub of renewable energy activity," Gov. Sandoval said. "With an
abundance of sunshine in the Silver State, this project will harness the
sunlight and turn it into clean electricity, while creating jobs for
Nevadans. I'm pleased to be a part of this dedication ceremony."
"Our hats off to the leadership in the state of Nevada," said Jeffrey W.
Martin, president and CEO of Sempra U.S. Gas & Power. "This state is a
shining example of how a pro-growth business climate continues to attract
clean energy investments. Our success here today also reflects the vision and
leadership of Pacific Gas & Electric, which stepped forward to procure the
output of this facility for the next 25 years."
During the dedication, Martin announced the start of construction at Sempra
U.S. Gas & Power's largest solar project, Copper Mountain Solar 3. When
completed in 2015, the project will be capable of generating 250 MW, or enough
electricity to power about 80,000 homes. It will create an estimated 500
construction jobs and eight permanent positions. In all, Copper Mountain Solar
1, Copper Mountain Solar 2 and Copper Mountain Solar 3 will represent one of
the largest solar power complexes in the U.S., capable of generating 458 MW.
Sempra U.S. Gas & Power, LLC is a leading developer of renewable energy and
natural gas solutions. The company operates solar, wind and natural gas power
plants that generate enough electricity for nearly 1 million homes, along with
natural gas storage, pipelines and distribution utilities. The company is a
subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding
company with 2012 revenues of approximately $10 billion. The Sempra Energy
companies' nearly 17,000 employees serve more than 31 million consumers
worldwide. For more information, visit www.SempraUSGP.com.
This press release contains statements that are not historical fact and
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements can be identified
by words like "believes," "expects," "anticipates," "intends," "plans,"
"estimates," "may," "will," "would," "could," "should," "potential," "target,"
"outlook," "depends," "pursue" or similar expressions, or discussions of
guidance, strategies, plans, goals, initiatives, objectives or intentions.
Forward-looking statements are not guarantees of performance. They involve
risks, uncertainties and assumptions. Future results may differ materially
from those expressed in the forward-looking statements. Forward-looking
statements are necessarily based upon various assumptions involving judgments
with respect to the future and other risks, including, among others: local,
regional, national and international economic, competitive, political,
legislative and regulatory conditions and developments; actions and the timing
of actions by the California Public Utilities Commission, California State
Legislature, Federal Energy Regulatory Commission, U.S. Department of Energy,
Nuclear Regulatory Commission, California Energy Commission, California Air
Resources Board, and other regulatory, governmental and environmental bodies
in the United States and other countries where the company does business;
capital market conditions, including the availability of credit and the
liquidity of investments; inflation, interest and exchange rates; the impact
of benchmark interest rates, generally the U.S. Treasury bond and Moody's
A-rated utility bond yields, on the California utilities' cost of capital; the
timing and success of business development efforts and construction,
maintenance and capital projects, including risks inherent in the ability to
obtain, and the timing of the granting of, permits, licenses, certificates and
other authorizations; energy markets, including the timing and extent of
changes and volatility in commodity prices; the availability of electric
power, natural gas and liquefied natural gas, including disruptions caused by
failures in the North American transmission grid, pipeline explosions and
equipment failures; weather conditions, natural disasters, catastrophic
accidents, and conservation efforts; risks inherent in nuclear power
generation and radioactive materials storage, including catastrophic release
of such materials, the disallowance of the recovery of the investment in, or
operating costs of, the generation facility due to an extended outage, and
increased regulatory oversight; risks posed by decisions and actions of fourth
parties who control the operations of investments in which the company does
not have a controlling interest; wars, terrorist attacks and cyber security
threats; business, regulatory, environmental and legal decisions and
requirements; expropriation of assets by foreign governments and title and
other property disputes; the status of deregulation of retail natural gas and
electricity delivery; the inability or determination not to enter into
long-term supply and sales agreements or long-term firm capacity agreements;
the resolution of litigation; and other uncertainties, all of which are
difficult to predict and many of which are beyond the control of the company.
These risks and uncertainties are further discussed in the reports that Sempra
Energy has filed with the Securities and Exchange Commission. 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 at www.sempra.com.
These forward-looking statements speak only as of the date hereof, and the
company undertakes no obligation to update or revise these forecasts or
projections or other forward-looking statements, whether as a result of new
information, future events or otherwise.
Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not the same
companies as San Diego Gas & Electric (SDG&E) or Southern California Gas
Company (SoCalGas) and Sempra International, LLC and Sempra U.S. Gas & Power,
LLC are not regulated by the California Public Utilities Commission. Sempra
International's underlying entities include Sempra Mexico and Sempra South
American Utilities. Sempra U.S. Gas & Power's underlying entities include
Sempra Renewables and Sempra Natural Gas.
SOURCE Sempra U.S. Gas & Power
Contact: Media, Art Larson, 1-877-340-8875, firstname.lastname@example.org, or Financial,
Victor Vilaplana, 1-877-736-7727, email@example.com, both of Sempra Energy
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