SPOTLIGHT | PORT ARTHUR LNG PHASE 1
RECENT LEGISLATION STRENGTHENS
INVESTMENT THESIS
As the owner of one of North America's largest T+D networks, we envision
positive tailwinds from the IRA and other recent federal legislation
ELECTRIFY
CLEAN
FUELS2
IRA TAX
IMPLICATIONS
·
SDG&E | Battery storage, EVs,
V2G + clean transportation
Texas | Incremental renewables
requiring new T+D investment
SoCalGas | Hydrogen
infrastructure, carbon
capture/storage + RNG
SI | Carbon capture/storage +
hydrogen infrastructure
Tax credits incentivize new
investment
.
Book earnings + cash tax impact
expected to be de minimis
H₂
g
CO₂
贏食
1.
2.
Based on Sempra's top quartile rank for total T+D miles among S&P 500 Utilities peers and top energy providers in Mexico and Canada as available in their most recent Form
10-Ks, Annual Reports and company websites. Sempra's total includes T+D miles for SDG&E, SoCalGas, Sempra Infrastructure and 100% of Oncor and Sharyland as of
12/31/2021.
Represents opportunities under development. The ability to complete potential projects in these areas of opportunity is subject to a number of risks and uncertainties.
SEMPRA
5View entire presentation