Efficient Financing & Incremental Investment Opportunities
HIGHER-VALUE, LOWER-RISK
SEMPRA BUSINESS MODEL
T
EXPLORATION
+ PRODUCTION
Exposed to commodity price
fluctuations in the wholesale
market
GENERATION
OR PROCESSING
Exposed to spreads between
wholesale supply costs and
generated energy
TRANSMISSION
DISTRIBUTION
Critical infrastructure with 40 - 60 year asset lives, that
connects energy to end-use market and generates
consistent and attractive returns on invested capital
END MARKET
Exposed to supply price volatility,
volumetric risk caused by weather
+ changes in consumer preferences
HIGHER
COMMODITY
RISK
Smart, New Energy
Infrastructure
HIGHER-VALUE + LOWER-RISK
HIGHER
CONSUMER
RISK
In addition to focusing on top-tier markets in North America, we are making critical investments
in the portion of the energy value chain where we target attractive risk-adjusted returns
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