Sempra Energy

Sempra Energy
Public
Traded as NYSE: SRE
S&P 500 Component
Industry Natural gas utility
Founded 1998
Headquarters San Diego, United States
Key people
 Debra L. Reed
(Chairman and CEO)
Mark A. Snell
(President)
Number of employees
 17,000
Website www.sempra.com

Sempra Energy is an American natural gas utilities holding company based in San Diego, California. It divides its interests into two broad categories: California utilities, including Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E); and businesses not subject to California utilities regulation, chiefly Sempra International and Sempra U.S. Gas & Power.[1][2]

For 2015, Sempra Energy reported more than $10 billion in revenue and 17,000 employees, serving more than 32 million customers worldwide. It is the largest natural gas utility in the United States in terms of coverage area and population served, and is a major force in international natural gas markets.

History

Sempra Energy was created through the 1998 merger of Los Angeles-based Pacific Enterprises, the parent company of SoCalGas, and Enova Corporation, the parent company of SDG&E.[3]

Sempra was sued over claims it manipulated natural gas supplies and electricity contracts during the 2001 California electricity crisis. In 2006, the company agreed to pay $377 million to settle gas supply claims, and in 2010 another $410 million to settle claims on electricity price gouging, but has never admitted wrongdoing.[4]

Awards and rankings

Sempra Energy ranked No. 279 on the 2016 list of Fortune 500 companies.[5] Sempra ranked No.16 among gas and electric utilities.

Sempra Energy was named to the 2015 list of the “100 Best Corporate Citizens”[6] by Corporate Responsibility Magazine for excellence in seven categories including: environmental stewardship, climate change, human rights, employee relations, financial performance, philanthropy and corporate governance.

Sempra Energy has been named one of the best places to work by the Human Rights Campaign each year from 2013-2016.[7] As the largest civil rights organization, Human Rights Campaign represents a force of more than one million members and supporters nationwide working to achieve equality for lesbian, gay, bisexual and transgender Americans.

In 2015, Sempra Energy was named to:

Subsidiaries

Former subsidiaries

The following subsidiaries have been reformed into Sempra International and Sempra U.S. Gas & Power:[2]

See also

References

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