Sempra Energy is a Fortune 500 energy infrastructure company based in San Diego, California, USA. The company was founded in 1998 as a spin-off from a larger energy company called Enova Corporation, which was itself a spin-off from the utility holding company, Pacific Enterprises, dating back to 1925. Sempra Energy's origins can be traced back to early 1900s gas and electric utility companies operating in Southern California. They are listed on the New York Stock Exchange (NYSE) under the ticker symbol "SRE" and the company is a component of the S&P 500 index. It has grown to become one of the largest utility companies in the United States and has expanded its international presence through its LNG business.
As a diversified energy company, Sempra Energy operates in several segments of the energy industry. One of its primary business segments is natural gas and electric utilities. It owns and operates Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E), which provide natural gas and electricity to millions of customers in Southern California.
Sempra Energy is also involved in the development, construction, and operation of liquefied natural gas (LNG) terminals and export facilities. Through its subsidiary, Sempra LNG, the company is engaged in LNG infrastructure projects to facilitate the global trade of natural gas.
Additionally, Sempra Energy owns and operates renewable energy assets, including solar and wind power projects. Through its subsidiary Sempra Renewables, the company invests in renewable energy facilities that contribute to its commitment to cleaner energy solutions.
Sempra Energy continues to play a significant role in the energy industry, striving to meet the growing demand for energy while also investing in sustainable and cleaner energy solutions to address environmental challenges and achieve its long-term strategic goals.