SAN DIEGO, Nov. 16, 2015 /PRNewswire/ -- Sempra Energy
(NYSE: SRE) has been selected for the S&P 500 Climate
Disclosure Leadership Index in 2015.
The S&P 500 Climate Disclosure Leadership Index lists the
top 10 percent of companies within the S&P 500 Index for the
depth and quality of climate change data disclosed to investors and
the global marketplace. Produced by CDP, the index is compiled
annually for 822 investors, representing more than $95 trillion in combined assets. The program
facilitates corporate management and reporting of greenhouse gas
emissions and climate-related risks and opportunities.
"Responsible management of our environmental footprint is a
priority for us and our key stakeholders," said Steven D. Davis, executive vice president of
external affairs and corporate strategy and chief sustainability
officer for Sempra Energy. "We are pleased to be listed on this
prestigious index for the fifth consecutive year."
Sempra Energy has earned its position on the index by indicating
a high level of transparency in the disclosure of climate
change-related information and energy data through CDP's climate
change program. The reported data has been independently assessed
against CDP's scoring methodology. Sempra Energy was one of three
utilities in the S&P 500 and one of 41 companies overall in the
S&P 500 to receive CDP's top disclosure score of 100.
Sempra Energy has made substantial investments in clean energy
infrastructure. Along with its affiliates and joint-venture
partners, the Sempra Energy companies have nearly 2,000 megawatts
(MW) of solar and wind generation in operation with new projects
under construction. The company's greenhouse-gas-emissions rate was
more than 40 percent better than the national average in 2014.
San Diego Gas & Electric (SDG&E) and SoCalGas, Sempra
Energy's California utilities,
have been industry leaders in delivering clean energy and promoting
energy efficiency. In 2015, SDG&E became the first California utility to meet the state's
33-percent renewable energy mandate – five years ahead of schedule.
It is on track to exceed 40-percent renewable energy in 2018.
SoCalGas has launched the first power-to-gas project in the
U.S., which could provide a cost-effective solution for storing
excess renewable energy. In 2014, the utility helped its 21.4
million customers save 27.1 million therms of natural gas through
energy-efficiency programs.
CDP is an investor-funded nonprofit organization that drives
sustainable economies and produces a comprehensive survey of global
corporate carbon emissions.
For more information on CDP's Climate Disclosure Leadership
Index, visit: www.cdp.net. To learn more about sustainability at
Sempra Energy, visit: http://responsibility.sempra.com/.
Sempra Energy's four principal subsidiaries are SoCalGas,
SDG&E, Sempra International and Sempra U.S. Gas &
Power.
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 and natural gas 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;
deviations from regulatory precedent or practice that result in a
reallocation of benefits or burdens among shareholders and
ratepayers; 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, including motions to modify settlements; 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 and increased reliance
on natural gas and natural gas transmission systems; 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, Sempra U.S. Gas & Power, LLC,
and Sempra Partners, LP, 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, Sempra U.S. Gas & Power, LLC, and
Sempra Partners, LP, 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