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February 12, 2016 2:43 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Sempra U.S. Gas & Power, LLC

Company Overview

Sempra U.S. Gas & Power, LLC engages in the design, development, construction, and operation of renewable energy and natural gas infrastructure for homes, community service and civic organizations, and businesses. It engages in the development of photovoltaic solar plants; development and building of wind farms in Kansas and Pennsylvania; ownership of a natural gas interstate pipeline and an LNG terminal; development and management of power marketing for natural gas plants that generate electricity for homes in the Southwest United States; and distribution of natural gas for residential, commercial, and industrial customers in Mobile and Baldwin counties in southwest Alabama. The company was...

488 8th Avenue HQ12

San Diego, CA 92101

United States

Phone:

619-696-2000

Fax:

619-696-4463

Key Executives for Sempra U.S. Gas & Power, LLC

Chief Executive Officer and President
Age: 53
Chief Financial Officer and Vice President
Vice President of Operations
Senior Vice President and President of Natural Gas
Senior Vice President and President of Renewables
Compensation as of Fiscal Year 2015.

Sempra U.S. Gas & Power, LLC Key Developments

Sempra U.S. Gas & Power Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Sempra U.S. Gas & Power announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company's earnings for Sempra Renewables were $15 million compared with $17 million in 2014. Earnings for Sempra Natural Gas were $1 million, compared  with $26 million in the third quarter 2014. Capital Expenditures and Investments for Sempra Renewables were $26 million compared with $83 million in 2014. Capital Expenditures and Investments for Sempra Natural Gas were $53 million compared with $125 million in 2014. Income before interest and tax was for Sempra Renewables were $5 million, compared  with $3 million in the third quarter 2014. Loss before interest and tax was for Sempra Natural Gas were $3 million, compared  with $4 million in the third quarter 2014. Earnings attributable to noncontrolling interests was for Sempra Natural Gas were $1 million. For the nine months, the company's earnings for Sempra Renewables were $47 million, compared with $63 million a year ago. Sempra Natural Gas  had earnings of $43 million compared to $39 million a year ago. Capital Expenditures and Investments for Sempra Renewables were $67 million compared with $359 million in 2014. Capital Expenditures and Investments for Sempra Natural Gas were $222 million compared with $192 million in 2014. Income before interest and tax was for Sempra Renewables were $10 million, compared  with $31 million a year ago. Loss before interest and tax was for Sempra Natural Gas were $68 million, compared  with $21 million a year ago. Earnings attributable to noncontrolling interests was for Sempra Natural Gas were $1 million, compared  with loss attributable to noncontrolling interests of $1 million a year ago.

Sempra U.S. Gas & Power Announces Expansion of Arizona Solar Complex

Sempra U.S. Gas & Power announced a 100-megawatt (MW) expansion of its Mesquite Solar complex in Arlington, Ariz., about 60 miles west of Phoenix. When completed in late 2016, the expansion, called Mesquite Solar 2, will produce enough power for 45,000 homes. The entire output of the Mesquite Solar 2 expansion has been sold to Southern California Edison under a 20-year power purchase agreement. The contract is subject to approval by the California Public Utilities Commission. Construction on Mesquite Solar 2 is expected to begin this fall. The project will create hundreds of construction jobs, part of a multi-phase expansion that will employ about 600 workers at peak. The 4,000-acre Mesquite Solar complex is among the large photovoltaic solar facilities in the U.S. By late 2016, the complex's three phases are expected to produce a total of 400 MW. The company also expects to complete the 94-MW Copper Mountain Solar 4 project in Nevada during that time frame. By year-end 2016, the combined solar power portfolio of projects jointly owned by Sempra U.S. Gas & Power in Arizona and Nevada is expected to grow to more than 1,000 MW.

US Navy Signs Agreement to Purchase Renewable Energy with Western Area Power Administration and Sempra US Gas & Power

The US Department of the Navy (DON) has signed an agreement with Western Area Power Administration and Sempra US Gas & Power to construct a 210MW direct current solar facility to support 14 DON installations. The new development is expected to diversify the DON's shore energy portfolio and deliver long-term cost stability that supports the DON's energy security priorities. Sempra US Gas & Power's Mesquite Solar 3 project will deliver a third of the energy needed to power 14 navy and Marine Corps installations. The construction of the plant, which is located 60 miles west of Phoenix in Arizona, is expected to start this month. As part of the development, more than 650,000 photovoltaic (PV) panels on ground-mounted, horizontal single-axis trackers will be installed in the plant. The construction is scheduled to be completed by the end of next year. The new plant also enables the 14 installations to comply with California's Renewable Portfolio Standard.

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