Sempra Energy Financial Highlights Q2-2022
BUSINESS UPDATES
SDG&E + SoCalGas filed GRCs in May for 2024 - 2027
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2023 2025 Cost of Capital final decision anticipated before year-end
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CALIFORNIA
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SDG&E received CPUC approval for four new microgrid energy storage facilities
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TEXAS
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SoCal Gas achieved 37% methane emissions reduction, significantly exceeding
state's goal of 20% reduction by 2025 + nearing state's 2030 goal of 40% reduction²
Oncor filed base rate review in May
Oncor connected 35,000 additional premises year-to-date, anticipates
maintaining long-term annual trend of approximately 2% premise growth
Oncor had 90 new requests for transmission interconnection in Q2-2022,
representing 73% year-over-year increase³
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Oncor built or hardened nearly 480 miles of T+D lines in Q2-2022
Sale of 10% NCI to ADIA for $1.7B in cash proceeds completed June 2022
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SEMPRA Agreement signed with Total, Mitsui, and Mitsubishi supporting Hackberry CS4
INFRASTRUCTURE
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MOUS signed with CFE advancing growth opportunities
Entered into series of HOAs advancing LNG development opportunities
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In June 2022, the CPUC issued Resolution E-5219 approving SDG&E's contract and cost information for four utility-owned circuit-level energy storage microgrid projects.
Amount approximated based on calculation of emissions through 2021 relative to 2015 baseline.
Oncor had ~90 new transmission interconnection requests in Q2-2022, compared to ~52 new requests in Q2-2021.
The ability to complete major development and construction projects is subject to a number of risks and uncertainties.
The current arrangements do not commit any party to enter into definitive contracts, which are subject to negotiation.
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