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Sempra Releases 2018 Corporate Sustainability Report (Ind. Report)
Sempra Energy
Date: 2019-06-26
San Diego-based Sempra Energy reports release of its Delivering Energy With Purpose 2018 corporate sustainability report outlining the company's clean energy, environmental, social and governance performance and investments in energy infrastructure in North America.

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.

Download Sempra's 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

More Low-Carbon Energy News Sempra Energy,  Renewable Energy,  Sustainable Energy,  


Sempra OKs NeoVolta NV14 for Grid Interconnection (Ind. Report)
Sempra Energy,NeoVolta
Date: 2019-06-26
Sempra Energy, parent of San Diego Gas & Electric (SDG&E), is reporting approval of NeoVolta's NV14 home energy storage system for grid operations.

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

More Low-Carbon Energy News Sempra Energy,  NeoVolta,  Energy Storage,  


Sempra Energy Completes U.S. Renewables Sector Exit (Ind Report)
Sempra Energy
Date: 2019-04-26
Further to our Feb. 13th coverage, San Diego-based utility holding company Sempra Energy is reporting the completion of its exit from its U.S. renewables business with the sale of 7 wind farms totaling 724 MW and battery assets to Columbus, Ohio-based American Electric Power (AEP) for $1.05 billion. The transaction is the latest in a series of divestitures over the past year to raise $2.5 billion in proceeds.

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

More Low-Carbon Energy News Sempra Energy,  Renewable Energy,  


AEP Plans Sempra Energy Renewables Operations Acquisition (M&A)
American Electric Power,Sempra Renewables
Date: 2019-02-13
Columbus, Ohio-headquartered American Electric Power Company Inc (AEP) reports it plans to acquire Sempra Renewables LLC renewables business and its 724-MW portfolio of wind and battery storage capacity for $1.06 billion, subject to Federal Energy Regulatory Commission and other approvals. The acquisition is based on $551 million cash, $343 million in project debt assumption, approximately $162 million in tax equity obligations plus closing and working capital adjustments.

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

More Low-Carbon Energy News American Electric Power,  AEP,  Sempra,  Wind,  Renewable Energy ,  


Sempra, ConEdison Completes Renewable Energy Assets Sale (M&A)
Sempra Energy,CopnEdison
Date: 2018-12-17
Further to our 24th Sept. coverage, Sempra Energy reports the closure of the sale of its U.S. operating solar assets, solar and battery storage development projects, and ownership interest in one wind facility to Consolidated Edison Inc. for approximately $1.6 billion in cash, subject to customary post-closing adjustments.

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

More Low-Carbon Energy News Sempra Energy,  ConEdison,  


Con Edison Snares 943 MW Sempra Solar Asset (Ind. Report, M&A)
ConEdison, Sempra
Date: 2018-09-24
Con Edison is reporting it will close on the planned $1.54 billion purchase of 943 MW of operational solar plants and a 38 MW wind farm from Sempra before the year end -- subject to US DOE and FERC regulatory approvals. The transaction will make Con Edison the 2nd-largest owner of operational solar assets in the US.

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

More Low-Carbon Energy News ConEdison,  Sempra,  Solar,  

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