Efficient Financing & Incremental Investment Opportunities
GROWTH PLATFORMS
T+D
PLATFORM
SCALE +
LOCATION
SEMPRA
CALIFORNIA
145,000 mi T+D lines¹
Decoupled from electricity
and gas sales
26M consumers served¹
• CA is #2 solar and wind
producer
•
SEMPRA
TEXAS
SEMPRA
INFRASTRUCTURE
139,000 mi T+D lines²
.
5,000 mi T+D lines³
• Pure T+D infrastructure
(wires-only)
•
•
10M consumers served²
TX is #1 solar and wind
producer+
$0.6B FY-20 earnings
$1.6B FY-20 adj. earnings
EARNINGS
VISIBILITY
10% projected 5-year
rate base CAGR
6
7% projected 5-year
rate base CAGR
• Limited volumetric or
commodity exposure
.
0.4M consumers served³
Mexico is #3 solar and
wind producer
$0.6B FY-20 earnings
Long-term, take-or-pay
contracts (avg. 20 years)
SEMPRA
289,000 mi
T+D lines
36M
Consumers
$2.3B
FY-20 Adj.
Earnings
5
12345
Amounts are approximate and includes SDG&E and SoCal Gas as of 12/31/2020. Distribution lines included in the T+D miles total include distribution and service pipelines.
Amounts are approximate and includes 100% of Oncor and Sharyland as of 12/31/2020.
Amounts are approximate and includes 100% of IEnova as of 12/31/2020.
2019 Data. EIA Net Generation for All Sectors within the United States and for Mexico, BP's 2020 Statistical Review of World Energy. Includes U.S. and Mexico only.
Amounts are approximate. Adjusted Earnings is a non-GAAP financial measure. GAAP Earnings for FY-2020 California Utilities and Sempra were $1.3B and $3.8B, respectively. See Appendix for information regarding non-GAAP financial
11
Projected rate base CAGR from 2020-2025. Actual amounts/results may differ materially.
measures.
SEMPRA
6.View entire presentation