Sempra Foundation To Donate Up To $250,000 To Support Louisiana Nonprofits Impacted By COVID-19
SAN DIEGO, March 23, 2020 /PRNewswire/ -- Sempra (NYSE: SRE) today announced that the Sempra Foundation will donate up to $250,000 to help small to medium-sized nonprofits in Louisiana as they continue to serve critical needs related to the ongoing coronavirus (COVID-19) situation.
"Many nonprofit organizations are faced with unprecedented demand for their services due to the current COVID-19 situation," said Dennis V. Arriola, board chair of the Sempra Foundation, and executive vice president and group president of Sempra. "These grants will help them to continue serving the needs of vulnerable populations who need their support now more than ever."
The grants for Louisiana nonprofits will be part of a larger $1.75 million Nonprofit Hardship Fund from the Sempra Foundation that will be made available to charities in the areas of the United States where Sempra and its family of companies operate, including California, Texas and Louisiana.
"I applaud the generosity of Sempra during this challenging time for all of us," said Louisiana State Senator Mark Abraham of Lake Charles. "This is not the first time they have stepped up to help our community and I know everyone in our region appreciates this generous gift. I encourage everyone to do whatever we can big or small to help each other get through this and I am confident that by helping each other we will come back stronger than ever."
The Sempra Foundation's Nonprofit Hardship Fund will provide grants of up to $50,000 to nonprofit organizations serving populations affected by COVID-19. This could include, among other things: support for the increased volume of services being provided to clients, such as meals for homebound seniors; support for unexpected expenses associated with fulfilling those services; and/or support to sustain operations and services to populations impacted by COVID-19 amid pandemic-related cancellation of major fundraisers.
"It is comforting during this challenging time that the Sempra Foundation recognizes what CareHelp is doing in Southwest Louisiana to keep our food bank open and Backpack Blessing program operating," said Jody Farnum, CareHelp executive director. "This availability of these grant funds will enable us to continue serving the most impacted families in our community."
Sempra indirectly owns 50.2% of the Cameron LNG liquefaction-export project, located in Hackberry, Louisiana. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).
Sempra LNG develops and builds natural gas liquefaction facilities and is pursuing the development of five strategically located LNG projects in North America with a goal of delivering up to 45 million tonnes per annum of clean natural gas to the largest world markets, which would make Sempra one of North America's largest developers of LNG-export infrastructure facilities.
Visit the Sempra Foundation website for information about the foundation's Nonprofit Hardship Fund, and to learn how to apply for a grant.
About the Sempra Foundation
The Sempra Foundation is a 501(c)(3) private foundation based in San Diego. The foundation was founded by Sempra. As part of the company's commitment to investing in the communities it serves, the Sempra Foundation and Sempra employees have donated more than $100 million over the past five years.
Sempra's mission is to be North America's premier energy infrastructure company. With more than $65 billion in total assets reported in 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra companies' more than 20,000 employees deliver energy with purpose to over 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Louisiana, Mexico and the LNG export market. Sempra has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine.
Media Contact: Kelli Mleczko, Sempra, (877) 340-8875, email@example.com
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. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions, or when we discuss our guidance, strategy, goals, vision, mission, opportunities, projections or intentions.
Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires and the risk that we may be found liable for damages regardless of fault and the risk that we may not be able to recover any such costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances of permits and other authorizations, renewal of franchises, and other actions by the Comisión Federal de Electricidad, California Public Utilities Commission, U.S. Department of Energy, Public Utility Commission of Texas, regulatory and governmental bodies and jurisdictions in the U.S. and other countries in which we operate; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision and completing construction projects on schedule and budget, (ii) obtaining the consent of partners, (iii) counterparties' financial or other ability to fulfill contractual commitments, (iv) the ability to complete contemplated acquisitions and/or divestitures, and (v) the ability to realize anticipated benefits from any of these efforts once completed; the resolution of civil and criminal litigation, regulatory investigations and proceedings and arbitrations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow at favorable interest rates; moves to reduce or eliminate reliance on natural gas; the impact of the novel coronavirus on (i) our ability to commence and complete capital projects and obtain regulatory approvals, (ii) our current and prospective counterparties, customers and partners, and (iii) the stability of the capital markets; weather, natural disasters, accidents, equipment failures, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; cybersecurity threats to the energy grid, 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; expropriation of assets, the failure of foreign governments and state-owned entities to honor the terms of contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed power generation and from departing retail load resulting from customers transferring to Direct Access, Community Choice Aggregation or other forms of distributed power generation and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, interest and inflation rates and commodity prices and our ability to effectively hedge the risk of such volatility; changes in trade policies, laws and regulations, including tariffs and revisions to or replacement of international trade agreements, such as the North American Free Trade Agreement, that may increase our costs or impair our ability to resolve trade disputes; the impact of changes to federal and state tax laws and our ability to mitigate adverse impacts; and other uncertainties, some of which may be difficult to predict and are beyond our control.
These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). 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, www.sempra.com. Investors should not rely unduly on any forward-looking statements.
Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company, and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission.