Sempra Energy, through its subsidiaries, operates as an energy services company. The company’s subsidiaries include San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas). The company’s principal operating units are SDG&E and SoCalGas, which are separate segments; Sempra International, which includes the company’s Sempra South American Utilities and Sempra Mexico segments; and Sempra U.S. Gas & Power, which includes the company’s Sempra Renewables and Sempra Natural Gas segments. SoCalGas has natural gas franchises with the 12 counties and the 223 cities in its service territory. SDG&E has electric franchises with the 2 counties served and the 27 cities in or adjoining its electric service territory; and natural gas franchises with the 1 county and the 18 cities in its natural gas service territory. The company’s Sempra Mexico segment owns and operates the following in Mexico: A natural gas-fired power plant and a 50-percent interest in a wind generation facility in Baja California, Mexico. In February 2016, management approved a plan to market and sell the natural gas-fired power plant. Natural gas distribution systems in Mexicali, Chihuahua, and the La Laguna-Durango zone in north-central Mexico. Natural gas pipelines between the U.S. border and Baja California, Mexico and Sonora, Mexico. Sempra Mexico also owns a 50-percent interest in a joint venture with Petróleos Mexicanos, the Mexican state-owned oil company, which operates various natural gas pipelines and propane and ethane systems in Mexico. The Energía Costa Azul liquefied natural gas (LNG) regasification terminal located in Baja California, Mexico. These operations are subject to regulation by the Energy Regulatory Commission (Comisión Reguladora de Energía) and by the labor and environmental agencies of city, state and federal governments in Mexico. Sempra Mexico’s operations in Mexico are contained in the company’s subsidiary, Infraestructura Energetica Nova, S.A.B. de C.V. California Natural Gas Utility Operations SoCalGas and SDG&E sell, distribute, and transport natural gas. SoCalGas purchases and stores natural gas for its core customers and SDG&E’s core customers on a combined portfolio basis and provides natural gas storage services for others. Customers As of December 31, 2015, SoCalGas had approximately 5.9 million customer meters consisting of approximately 5,621,600 residential; 252,900 commercial; 26,300 industrial; and 50 electric generation and wholesale. SDG&E had approximately 873,000 natural gas customer meters consisting of approximately 839,600 residential; 28,500 commercial; and 4,700 electric generation and transportation. For regulatory purposes, end-use customers are classified as either core or noncore customers. Core customers are primarily residential and small commercial and industrial customers. Noncore customers at SoCalGas consist primarily of electric generation, wholesale, large commercial and industrial, and enhanced oil recovery customers. SoCalGas’ wholesale customers are primarily other investor-owned utilities, including SDG&E, or municipally owned natural gas distribution systems. Noncore customers at SDG&E consist primarily of electric generation and large commercial customers. In 2015, SoCalGas added approximately 33,000 new connected natural gas customer meters. Natural Gas Procurement and Transportation SoCalGas purchases natural gas under short-term and long-term contracts for SDG&E’s and SoCalGas’ core customers. SoCalGas purchases natural gas from Canada, the U.S. Rockies and the southwestern U.S. to meet its and SDG&E’s core customer requirements and maintain supply reliability. It also purchases some California natural gas production and additional supplies delivered directly to California for its remaining requirements. SoCalGas has entered into firm interstate pipeline capacity contracts that require the payment of fixed reservation charges to reserve firm transportation rights. These contracts expire on various dates between 2016 and 2031. Pipeline companies, primarily El Paso Natural Gas Company, Transwestern Pipeline Compa
sempra energy (SRE:New York)
488 8th Avenue
San Diego, CA 92101
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