SAN DIEGO, July 14, 2015 /PRNewswire/ -- Sempra Energy
(NYSE: SRE) today announced that its Mexican unit Infraestructura
Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), through its
subsidiary Gasoducto de Aguaprieta S. de R. L. de C.V., has been
awarded a natural gas transportation contract in Chihuahua by the
Comisión Federal de Electricidad (CFE).
The project will comprise a header facility with a capacity of 3
billion cubic feet per day (Bcfd) of natural gas and an
approximately 14-mile pipeline with a capacity of 1,135 million
cubic feet per day (Mcfd) of natural gas. The pipeline will provide
natural gas to the Norte III Combined Cycle Power Generation Plant
and will interconnect with Gasoductos de Chihuahua, Tarahumara and
Samalayuca-Sásabe pipelines.
The estimated $108 million project
is expected to begin operations during the first quarter 2017. The
project is contracted by CFE under a 25-year capacity contract
denominated in U.S. dollars.
"This award demonstrates IEnova´s capacity and experience to
generate value through our projects," said Carlos Ruiz
Sacristán, chairman and CEO of IEnova. "We are pleased
to contribute to the development of the energy infrastructure of
Mexico and continue to strengthen
our company´s presence in the country."
IEnova develops, builds and operates energy infrastructure in
Mexico. As of 2014, the company
invested more than $3.5 billion in
operating assets and projects under construction in Mexico, being one of the largest private
energy companies in the country. IEnova is the first energy
infrastructure company to be listed in the Mexican Stock
Exchange.
Sempra Energy, based in San
Diego, is a Fortune 500 energy services holding company with
2014 revenues of $11 billion.
The Sempra Energy companies' 17,000 employees serve more than 32
million consumers worldwide.
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," "plans," "estimates," "projects,"
"forecasts," "contemplates," "intends," "depends," "should,"
"could," "would," "will," "confident," "may," "potential,"
"possible," "proposed," "target," "pursue," "goals," "outlook,"
"maintain" 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, including
issuances of permits to construct and licenses for operation, by
the California Public Utilities Commission, California State
Legislature, U.S. Department of Energy, Federal Energy Regulatory
Commission, Nuclear Regulatory Commission, Atomic Safety and
Licensing Board, California Energy Commission, U.S. Environmental
Protection Agency, California Air Resources Board, and other
regulatory, governmental and environmental bodies in
the United States and
other countries in which we operate; the timing and success of
business development efforts and construction, maintenance and
capital projects, including risks in obtaining, maintaining or
extending permits, licenses, certificates and other authorizations
on a timely basis and risks in obtaining adequate and competitive
financing for such projects; energy markets, including the timing
and extent of changes and volatility in commodity prices, and the
impact of any protracted reduction in oil prices from historical
averages; the impact on the value of our natural gas storage assets
from low natural gas prices, low volatility of natural gas prices
and the inability to procure favorable long-term contracts for
natural gas storage services; delays in the timing of costs
incurred and the timing of the regulatory agency authorization to
recover such costs in rates from customers; capital markets
conditions, including the availability of credit and the liquidity
of our investments; inflation, interest and currency exchange
rates; the impact of benchmark interest rates, generally Moody's
A-rated utility bond yields, on our California Utilities' cost of
capital; the availability of electric power, natural gas and
liquefied natural gas, and natural gas pipeline and storage
capacity, including disruptions caused by failures in the North
American transmission grid, pipeline explosions and equipment
failures and the decommissioning of San Onofre Nuclear Generating
Station (SONGS); cybersecurity threats to the energy grid, natural
gas storage and pipeline infrastructure, the information and
systems used to operate our businesses and the confidentiality of
our proprietary information and the personal information of our
customers, terrorist attacks that threaten system operations and
critical infrastructure, and wars; the ability to win competitively
bid infrastructure projects against a number of strong competitors
willing to aggressively bid for these projects; weather conditions,
conservation efforts, natural disasters, catastrophic accidents,
and other events that may disrupt our operations, damage our
facilities and systems, and subject us to third-party liability for
property damage or personal injuries; risks that our partners or
counterparties will be unable or unwilling to fulfill their
contractual commitments; risks posed by decisions and actions of
third parties who control the operations of investments in which we
do not have a controlling interest; risks inherent with nuclear
power facilities and radioactive materials storage, including the
catastrophic release of such materials, the disallowance of the
recovery of the investment in, or operating costs of, the nuclear
facility due to an extended outage and facility closure, and
increased regulatory oversight; 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 San Diego Gas & Electric Company's
(SDG&E) electric transmission and distribution system due to
increased amount and variability of 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
SDG&E's 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 due to
insufficient market interest, unattractive pricing or other
factors; the resolution of litigation; and other uncertainties, all
of which are difficult to predict and many of which are beyond our
control. 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.
Investors should not rely unduly on any forward-looking
statements. 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 the California utilities, 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.
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SOURCE Sempra Energy