Efficient Financing & Incremental Investment Opportunities
NORTH AMERICA
ECONOMIC GROWTH
DEMOGRAPHIC TRENDS
Real GDP Growth (2021 - 2040)1
Population Growth (2021 - 2040)4
2.2% CAGR2
2.5%3
2.7%
2.9%
6,000
5,000
0.7% CAGR
4,000
3,000
1.5%
2,000
1,000
ENERGY TRANSITION
Electricity Generation (TWh)5
2010
Coal
2018 2019 2025 2030 2040
Natural gas Nuclear
Renewables
Southwest U.S. and Mexico are the
.
fastest growing regions³
U.S. population overall is expected to be
relatively flat through 2040
.
Texas is one of the fastest growing
U.S. states
•
Texas is expected to grow at twice the
national rate
Demand is expected to grow at 1.2%
annually through 2040
Transition from coal to renewables,
supported by batteries and natural gas,
is expected to accelerate
Sempra's market focus within North America positions us well to capture future growth opportunities
1.
IHS Markit.
2.
Compound Annual Growth Rate (CAGR).
1345
3. Southwest U.S. represents Arizona, California, Nevada, and Utah.
4.
University of Virginia's The Cooper Center.
7
5.
Includes U.S., Canada, and Mexico data. Based on U.S. Energy Information Administration (EIA) AEO (2021), Canada Energy Regulator, and IEA Mexico Energy Outlook.
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