The report covers the company's efforts to build infrastructure to connect customers to renewable energy supplies including energy from solar, wind, battery storage and renewable natural gas. Sempra's operating companies also have a number of programs that aim to enhance electric reliability and energy efficiency.
According to the report, the company expects to play a leadership role in the worldwide shift away from coal toward lower-emissions natural gas through the development of five liquefied natural gas (LNG) infrastructure projects in North America.
Delivering Energy With Purpose -- 2018 Corporate Sustainability Report
HERE. (Source: Sempra Energy, PR, NewsWire, 24 June, 2019) Contact: Sempra Energy,
Dennis V. Arriola, VP, Chief Sustainability Officer, Jeff Martin, CEO (619) 696-2901, www.sempra.com
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NeoVolta designs, develops and manufactures utility-bill reducing residential energy storage systems based on Lithium-Iron Phosphate chemistry.
The NV14 is equipped with a solar rechargeable 14.4 kWh battery, a 7,680-Watt inverter and a web-based energy management system with 24/7 monitoring. (Source: Sempra, PR, June 25, 2019) Contact: NeoVolta, Brent Willson, CEO, (858) 239-2029, IR@NeoVolta.com, www.NeoVolta.com
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In December 2018, the company completed the sale of its solar assets and battery storage development projects, along with one wind farm, to a subsidiary of Consolidated Edison for $1.6 billion. In February, it executed the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners for $328 million in cash, marking its exit from the non-utility natural gas storage sector. The company is currently working to sell its equity interest in its South American businesses including its 83.6 pct stake in Luz del Sur S.A.A. in Peru and 100 pct stake in Chilquinta Energia S.A. in Chile.
The company said the move is consistent with a strategy to pay down debt and redeploy capital to support the growth of Sempra Energy in North America.
(Source: Sempra Energy, Power Mag., 25 April, 2019) Contact: American Electric Power, Nicholas K. Akins, Pres., (614) 716-1000, www.aep.com; Sempra Energy, Jeff Martin, CEO (619) 696-2901, www.sempra.com
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AEP will absorb all of Sempra's shareholding in seven operational wind farms and a battery storage facility in Colorado, Hawaii, Indiana, Kansas, Michigan, Minnesota and Pennsylvania. A Q2 closing is expected. (Source: AEP, Renewables, 13 Feb., 2019)Contact: American Electric Power, Nicholas K. Akins, Pres., (614) 716-1000, www.aep.com; Sempra Energy, Inv. Relations, (619) 696-2901, www.sempra.com
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The transaction included Mesquite Solar 2 and 3 in Arizona, Copper Mountain Solar 1 and 4 in Nevada, Great Valley Solar in California, and solar and battery storage development projects. Additionally, Con Edison acquired Sempra Energy's interest in jointly owned facilities, including Mesquite Solar 1; Copper Mountain Solar 2 and 3; the Alpaugh, Corcoran and White River solar facilities in California; and the Broken Bow II wind facility in Nebraska. The sale represents approximately 980 MW AC of installed capacity.
Sempra Energy intends to use the sale proceeds for debt reduction and to expand its regulated Texas utility platform through Oncor Electric Delivery Co. LLC's pending acquisition of InfraREIT Inc.
(Source: Sempra Energy, PR, 14 Dec., 2018) Contact: ConEdison, Jorge J. Lopez, Pres., CEO, (914) 286-7094, www.conedsolutions.com; Sempra Energy, Inv. Relations, (619) 696-2901, www.sempra.com
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ConEdison plans to fund the acquisition via borrowing $825 million in long-term, non-recourse debt and issuing $715 million in equity, and will assume $576 million in debt tied to these projects.
(Source: ConEdison, PV Mag., Other, 21 Sept., 2018)
Contact: ConEdison, Jorge J. Lopez, Pres., CEO, (914) 286-7094, www.conedsolutions.com; Sempra Energy, Inv. Relations, (619) 696-2901, www.sempra.com
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