|Bid||147.48 x 800|
|Ask||147.49 x 1100|
|Day's Range||146.46 - 147.63|
|52 Week Range||104.88 - 148.14|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||21.25|
|Earnings Date||Nov 1, 2019|
|Forward Dividend & Yield||3.87 (2.63%)|
|1y Target Est||152.57|
LOS ANGELES, Oct. 22, 2019 /PRNewswire/ -- Today, Southern California Gas Co. (SoCalGas) is partnering with the California Restaurant Association Foundation (CRAF) to help prepare Los Angeles-area high school students, enrolled in culinary programs, for their first jobs. SoCalGas employees will provide guidance on things like resume-writing, interview skills, handling typical job expectations, and the like. "SoCalGas is proud to take part in this one-day event to help mentor young people who aspire to be a part of the foodservice field," said Dan Rendler, director of customer programs and assistance at SoCalGas.
(Bloomberg) -- More than 200,000 homes and businesses lost power Monday morning as thunderstorms produced heavy rainfall and knocked down power lines from Texas to Tennessee.A tornado struck Dallas late Sunday, damaging houses and businesses, and Sempra Energy’s Oncor Electric utility reported 99,000 outages across its system in Texas east of Interstate 35. The utility “has experienced significant damage to power lines” that have made it difficult to estimate restoration times, the company said in a statement on its website.Utilities in Missouri, Arkansas, Louisiana and Tennessee reported another 105,000 customer cutoffs scattered throughout their service areas as storms moved east. There were 204 reports of storm damage across the central and southern U.S. through Sunday as the front passed through, said Bob Oravec, a senior branch forecaster with the U.S. Weather Prediction Center in College Park, Maryland.Large, damaging hail was reported across Texas, Oklahoma, Missouri and Arkansas, according to the U.S. Storm Prediction Center in Norman, Oklahoma. Meanwhile, tornado watches stretch from Illinois to Mississippi, and severe thunderstorms are possible as far south as central Louisiana.A strong low pressure trough that pushed the thunderstorms and wind in front of it was “a very good set-up for pretty widespread heavy rain and thunderstorms,” Oravec said.\--With assistance from Brian K. Sullivan.To contact the reporter on this story: Christopher Martin in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Reg Gale, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
DALLAS, Oct. 18, 2019 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its third quarter 2019 results on Nov. 1, prior to Sempra Energy's (SRE) third quarter 2019 conference call. Oncor's earnings release will be available at oncor.com. Sempra Energy executives will conduct a conference call at 12 p.m. ET on Nov. 1 that will include discussion of Oncor's third quarter 2019 operational and financial results.
SAN DIEGO, Oct. 18, 2019 /PRNewswire/ -- Sempra Energy (SRE) plans to release its third-quarter 2019 earnings by 7 a.m. ET, Nov. 1. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Nov. 1. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link.
LOS ANGELES, Oct. 17, 2019 /PRNewswire/ -- In recognition of the 12th annual Great California ShakeOut event, Southern California Gas Co. (SoCalGas) today reminded its customers about natural gas safety in preparation for and following an earthquake. "During and after a natural disaster or other major incident, public safety services and first responders will be busy handling many emergency situations," said David Buczkowski, vice president of gas engineering and system integrity at SoCalGas. "That is why SoCalGas wants all Californians to be prepared in the event of a natural disaster.
Sempra Energy (SRE) will approximately earn $2.23 billion in cash from the divestment of its Chilean businesses, subject to working capital and debt adjustments
U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China's State Grid International Development Ltd for $2.23 billion in cash as part of its plan to exit South America and shore up capital. Sempra, much like other utilities companies, has been seeking to bolster its finances and increase its appeal to investors after wildfires in California exposed it to more legal liabilities. The company was under pressure from hedge fund Elliott Management Corp and investment firm Bluescape Group to scale back its global operations.
SAN DIEGO, Oct. 14, 2019 /PRNewswire/ -- Sempra Energy (SRE) today announced that it has entered into an agreement to sell its equity interests in its Chilean businesses, including its 100% stake in Chilquinta Energía S.A. (Chilquinta Energía), to State Grid International Development Limited (SGID). Sempra Energy's interests will be sold for $2.23 billion in cash, subject to adjustments for working capital and net indebtedness and other adjustments.
(Bloomberg) -- Several wildfires are raging in Southern California, including a blaze at the edge of Los Angeles that’s led to the evacuation of 25,000 homes and a sprawling natural gas-storage site that once sprung the biggest U.S. gas leak.The Aliso Canyon gas field operated by Sempra Energy’s Southern California Gas Co. was evacuated after the blaze, named the Saddleridge fire, broke out Thursday in hills north of the San Fernando Valley, the company said in a statement. About 100,000 people were displaced, police said.The fire has burned more than 7,500 acres and is about 13% contained, authorities said. A cause hasn’t been determined. It comes after California utilities cut power to more than 2 million people to avoid having live wires topple during windstorms and spark wildfires in the state’s largest-ever preemptive blackout. Power has been restored to 97% of PG&E Corp.’s affected customers.East of Los Angeles, another fire -- named Sandalwood -- in Riverside County has burned 823 acres. Further west, the Wendy blaze in Ventura County has burned 91 acres, according to the California Department of Forestry and Fire Protection.For more, listen to this mini-podcast on California’s wildfire blackouts.Edison International’s Southern California Edison utility had begun to restore power to customers it had cut power, but about 14,000 homes and businesses remained in the dark as of late Friday. The company warned 110,000 were still at risk of losing service. It wasn’t immediately clear whether the Saddleridge fire broke out in Edison’s territory or that of Los Angeles Department of Water and Power. Both operate in the area. The Los Angeles Fire Department said it was investigating reports of sparks flying from a transformer at the time of the blaze, which began along the 210 Freeway near Yarnell Street in Sylmar.READ MORE: Governor Slams PG&E as Epic Blackout EbbsAs they battle the blaze, crews have staged firefighting equipment around the Aliso Canyon storage site, according to SoCalGas. The facility does not appear to have suffered damage, and there are no indications of leaks, the utility said in a statement at 10 a.m. local time Friday. The company said it doesn’t anticipate that any of the field’s wellheads will be damaged.The blaze also prompted authorities to partially close several freeways including parts of Interstate 5, the West Coast’s main north-south artery.In 2015, employees discovered a massive gas leak at Aliso Canyon, forcing thousands of residents to evacuate for months. Sempra has already reported more than $1 billion in costs associated with the incident.(Updates with PG&E restoration in third paragraph)\--With assistance from Christopher Palmeri, Naureen S. Malik, Nathan Crooks, Hailey Waller and Nic Querolo.To contact the reporter on this story: David R. Baker in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It's part of California's new normal - year-round fire seasons, planned electricity blackouts and, for retired couple Bhagvei and Paresh Badreshia, sudden evacuations in the middle of the night. The evacuations in Southern California came after the state's largest utility, Pacific Gas and Electric Co. (PG&E) , switched off the power to nearly 800,000 homes and businesses in northern and central California to prevent its transmission lines from sparking wildfires under gusting dry winds. It was the second time in less than four years the Badreshias have been forced by an emergency to flee their home in Porter Ranch, a plush suburb where some scenes for the 1982 movie "E.T. the Extra-Terrestrial" were filmed.
Sempra has been seeking to bolster its finances and increase its appeal to investors after a wave of wildfires in California exposed it and other utilities to more legal liabilities. Sempra's deal with State Grid Corporation of China could be announced as early as next week, the sources said, cautioning it was still possible that negotiations may falter at the last minute and asking not to be identified because the matter is confidential. Sempra declined to comment, while State Grid Corporation of China did not immediately respond to requests for comment.
The financial regulations require hedge funds and wealthy investors that crossed the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
The U.S. Supreme Court on Monday declined to hear a bid by Sempra Energy's San Diego Gas & Electric Co to recover $379 million from customers related to damages it was forced to pay out in litigation after the deadly 2007 California wildfires that burned hundreds of homes. After state courts turned away the utility's challenge to a decision by California regulators to prohibit it from raising utility rates to compensate for the payouts because it had improperly maintained its equipment, the Supreme Court opted not to hear San Diego Gas & Electric's appeal.
LOS ANGELES, Oct. 6, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today sponsored CicLAvia: Heart of LA for the fourth consecutive year with a booth at the event's Chinatown hub. The company held cooking demonstrations from Chinatown chefs, offered food tastings, shared information on the company's customer assistance programs and more.
LOS ANGELES, Oct. 3, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today applauded the more than 100 local governments across Southern California, representing approximately 6.75 million Californians, that have passed resolutions in support of affordable and balanced strategies to reduce emissions from buildings and that call on state policymakers to preserve consumers' ability to choose either natural gas or electric appliances for their homes and businesses. These resolutions were passed in response to concerns state policymakers are taking steps to prohibit the use of natural gas in new buildings. State energy regulators are actively considering calls for new regulations that would eliminate natural gas use in new buildings and have also proposed programs that would result in existing natural gas customers paying for all-electric retrofits to existing homes.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]
LOS ANGELES, Oct. 3, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the utility has awarded the City of Corona more than $44,000 in incentive funding following completion of a renewable energy project at one of the city's Department of Water & Power facilities. The project includes the retrofitting of an existing biogas conditioning unit at one of the city's wastewater treatment facilities. The unit, converts methane emissions from the wastewater treatment process into renewable natural gas that is used to heat the facility, helping reduce emissions.
SAN DIEGO , Oct. 2, 2019 /PRNewswire/ -- Sempra Energy's (NYSE:SRE) Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), plans to release its third-quarter 2019 ...
Sempra Energy's (SRE) latest Peruvian business divestments come as part of its planned exit from the South American markets, which was approved by management in January.