Sempra (NYSE:SRE)

Energy

Sempra or Sempra Energy is an energy-service infrastructure company based in San Diego, California.

Recently on June 29, 2021, the company dropped ‘energy’ from its name. However, the legal name will continue as Sempra Energy, and its new brand name with the New York Stock Exchange was effective from July 2, 2021. In addition to the rebranding, the ticker symbol on NYSE remained ‘SRE’.

The company deals with the development of the energy infrastructure and provides electricity and gas utility services.

The energy-service holding company operates through a platform of companies and sister organizations, including:
• Sempra LNG
• San Diego Gas and Electric Co
• Sempra Texas Utilities
• Sempra Mexico
• Southern California Gas Co or SoCalGas

San Diego Gas & Electric Company

The energy company supplies electricity and energy solutions in Southern Orange City and San Diego County.

SoCalGas

The company is engaged in the distribution and transmission of natural gas and also owns and operates energy storage systems.

Sempra Texas Utilities

Through this segment, the affiliate company manages Sempra’s equity investments in Sharyland Holdings and Oncor Holdings.

Sempra Mexico segment

The firm operates and manages all the business activities of IENova through this unit.

Sempra LNG Segment

Sempra LNG is engaged in the development of the pipeline system, natural gas storage systems and related energy infrastructure.

Following a merger between Enova Corporation and Pacific Enterprises, the energy infrastructure and service company was founded in 1998.

Pacific Enterprises and Enova Corporation were the former parent companies of San Diego Gas & Electric and Southern California Gas Co.

Sempra Energy claims to provide electricity and natural gas-based energy solutions to approximately 36 million consumers globally.

In addition, the company’s portfolio consists of a network of 165,000 miles of electric distribution and transmission lines.

The energy-service firm is among the 500 top companies in leading industries of the US economy (S&P 500) and 15 large US-based utility companies.

The company claims to be among Fortune World’ Most Admired Companies, Gender-Equality Index by Bloomberg, Corporate Equality Index by HRC Foundation.