SAN DIEGO, June 21, 2016 /PRNewswire/ -- Sempra Energy
(NYSE: SRE) today released its 2015 corporate responsibility report, "People, Priorities and Performance." The report describes
Sempra Energy's progress in developing and delivering renewable energy, achieving safety goals, minimizing the use of fresh water
and improving employee diversity.
"To be successful we must be committed to our core strengths and values," said Debra L. Reed,
Sempra Energy's chairman and CEO. "We must continue to make safety our top priority; maintain excellent customer service; execute
on our growth strategy; and abide by high ethical standards."
Milestones published in the 2015 corporate responsibility report include:
- Renewable energy: Sempra Energy subsidiary Sempra U.S. Gas & Power completed its largest solar energy
project, the jointly owned 250-megawatt (MW) Copper Mountain Solar 3 project in Boulder City,
Nevada. By year-end 2016, Sempra U.S. Gas & Power's goal is to operate solely or jointly with partners nearly 2,300
MW of renewable energy.
- Water: Fresh water represented only 2 percent of the water withdrawn by Sempra Energy and its
subsidiaries.
- Safety: The Sempra Energy companies achieved a consolidated recordable incident rate of 2.01 cases per 100
workers, nearly 20-percent better than the company's target.
- Diversity and inclusion: More than half of Sempra Energy's U.S. workforce is comprised of ethnic minorities.
As of Dec. 31, 2015, six of the 12 members of Sempra Energy's board of directors were women or
people of color.
Sempra Energy's corporate responsibility report is available online at responsibility.sempra.com.
Sempra Energy's four principal subsidiaries are Southern California Gas Co., San Diego Gas & Electric, Sempra
International and Sempra U.S. Gas & Power.
Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500 energy services holding company with 2015 revenues of more than
$10 billion. The Sempra Energy companies' 17,000 employees serve more than 32 million
consumers worldwide.
This press release contains statements that are not historical fact and constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like
"believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "intends," "assumes,"
"depends," "should," "could," "would," "will," "confident," "may," "potential," "possible," "proposed," "target,"
"pursue," "goals," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals,
opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of
performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those
expressed in the forward-looking statements.
Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future
and other risks, including, among others: local, regional, national and international economic, competitive, political,
legislative, legal and regulatory conditions, decisions and developments; actions and the timing of actions, including general
rate case decisions, new regulations, issuances of permits to construct, operate and maintain facilities and equipment and to use
land, franchise agreements and licenses for operation, by the California Public Utilities Commission, California State
Legislature, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory
Commission, Nuclear Regulatory Commission, California Energy Commission, U.S. Environmental Protection Agency, Pipeline and
Hazardous Materials Safety Administration, California Air Resources Board, South Coast Air Quality Management District, Mexican
Competition Commission, cities and counties, and other regulatory, governmental and environmental bodies in the United
States and other countries in which we operate; the timing and success of business development efforts and construction,
maintenance and capital projects, including risks in obtaining, maintaining or extending permits, licenses, certificates and
other authorizations on a timely basis and risks in obtaining adequate and competitive financing for such projects; the
resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that
result in a reallocation of benefits or burdens among shareholders and ratepayers, and delays in regulatory agency authorization
to recover costs in rates from customers; the availability of electric power, natural gas and liquefied natural gas, and natural
gas pipeline and storage capacity, including disruptions caused by failures in the North American transmission grid, moratoriums
on the ability to withdraw natural gas from or inject natural gas into storage facilities, pipeline explosions and equipment
failures; energy markets; the timing and extent of changes and volatility in commodity prices; the impact on the value of
our natural gas storage and related assets and our investments from low natural gas prices, low volatility of natural gas prices
and the inability to procure favorable long-term contracts for natural gas storage services; risks posed by decisions and actions
of third parties who control the operations of investments in which we do not have a controlling interest, and risks that our
partners or counterparties will be unable (due to liquidity issues, bankruptcy or otherwise) or unwilling to fulfill their
contractual commitments; capital markets conditions, including the availability of credit and the liquidity of our
investments, and inflation, interest and currency exchange rates; cybersecurity threats to the energy grid, natural gas storage
and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our
proprietary information and the personal information of our customers and employees; terrorist attacks that threaten system
operations and critical infrastructure; wars; the ability to win competitively bid infrastructure projects against a number of
strong competitors willing to aggressively bid for these projects; weather conditions, natural disasters, catastrophic accidents,
equipment failures and other events that may disrupt our operations, damage our facilities and systems, cause the release of
greenhouse gasses, radioactive materials and harmful emissions, and subject us to third-party liability for property damage or
personal injuries, fines and penalties, some of which may not be covered by insurance or may be disputed by insurers;
disallowance of regulatory assets associated with, or decommissioning costs of, the San Onofre Nuclear Generating Station
facility due to increased regulatory oversight, including motions to modify settlements; expropriation of assets by foreign
governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's
(SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable
energy sources and increased reliance on natural gas and natural gas transmission systems; the impact on competitive customer
rates of the growth in distributed and local power generation and the corresponding decrease in demand for power delivered
through SDG&E's electric transmission and distribution system; the inability or determination not to enter into long-term
supply and sales agreements or long-term firm capacity agreements due to insufficient market interest, unattractive pricing or
other factors; and other uncertainties, all of which are difficult to predict and many of which are beyond our control.
These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and
Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website
at www.sempra.com. Investors
should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date
hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking
statements, whether as a result of new information, future events or otherwise.
Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not the same companies as
the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and
Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not regulated by the California Public
Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities.
Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
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SOURCE Sempra Energy