Sempra Energy Statement on Freeport LNG U.S. Department of Energy Permit Approval

   Sempra Energy Statement on Freeport LNG U.S. Department of Energy Permit

PR Newswire

SAN DIEGO, May 17, 2013

SAN DIEGO, May 17, 2013 /PRNewswire/ --The U.S. Department of Energy today
approved a permit that allows for the export of liquefied natural gas (LNG)
from the Freeport LNG project in Texas to key markets, including major trading
partners in Europe and Asia that do not currently have free trade agreements
with the United States.Sempra International, a subsidiary of Sempra Energy,
has proposed a $6 billion to $7 billion expansion of its existing Cameron LNG
project in Hackberry, La.Cameron LNG is scheduled to commence construction
in the first half of 2014 and begin operations in late 2017. Cameron LNG is
the only project pending before the Federal Energy Regulatory Commission with
an approved schedule for a final environmental permit.

The following statement was issued by Mark A. Snell, president of Sempra

We applaud the Department of Energy's action and view it as an indication that
other projects, including our own Cameron LNG, will receive this authorization
soon. Just yesterday, we signed agreements with Mitsubishi, Mitsui and GDF
Suez that fully subscribes the capacity of our proposed new liquefaction

There is a narrow window of opportunity for U.S. companies to participate in
the global LNG market. Moving forward with the approval of these permits in a
timely manner is essential if our nation is going to realize the many economic
and geopolitical benefits of these projects.

This media statement 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,"
"forecasts," "estimates," "may," "will," "would," "could," "should,"
"potential," "target," "outlook," "project," "maintain," "depends," "pursue"
or similar expressions, or discussions of guidance, strategies, plans, goals,
opportunities, projections,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 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 third 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 impact on reliability of SDG&E's electric transmission and
distribution system due to increased power supply from renewable energy
sources; the impact on competitive customer rates of the growth in distributed
and local power generation and the corresponding decrease in demand for power
delivered through our electric transmission and distribution system; 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 most recent Annual Report on Form
10-K and Quarterly Report on Form 10-Q 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,, and on the
company's website at

We caution you not to rely unduly on any forward-looking statement.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 Energy

Contact: Art Larson, Sempra Energy, (877) 340-8875,
Press spacebar to pause and continue. Press esc to stop.