Sempra Foundation invests in Texas charitable organizations
SAN DIEGO, Dec. 17, 2019 — Sempra Foundation is investing in charitable organizations throughout Texas as part of its holiday giving campaign and ongoing focus on supporting causes in the state.
“Sempra is committed to giving back in the communities where we do business and that includes Texas,” said Dennis V. Arriola, executive vice president and group president of Sempra, and chairman of Sempra Foundation. “As we continue to invest in energy infrastructure in the state, we are focused on having a positive impact. These charitable organizations make a profound difference in lives throughout Texas and reflect Sempra’s values to do the right thing, champion people and shape the future.”
The organizations receiving the donations include: Big Brothers — Big Sisters of Greater Houston; Girl Scouts of San Jacinto; National Alliance on Mental Illness in Austin; Salvation Army of Beaumont; Southeast Texas Food Bank; Special Olympics Texas; and Texas Children’s Hospital in Houston. Each organization will receive a $10,000 grant.
“Grants like this one from Sempra Foundation allow us to continue our mission of ‘Doing the Most Good,’” said Lauren Pope, regional resource development director of Salvation Army of Beaumont. “This is the time when there is generally the greatest need — especially shelter from the cold and inclement weather. It is wonderful to have the extra resources from Sempra to help take care of these needs.”
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, Sempra Foundation and Sempra employees have donated more than $100 million over the past five years.
Sempra began operating in Texas more than 20 years ago. Most recently, in May 2019, the company acquired a 50% limited-partnership interest in Sharyland Utilities, LLC. Sempra is also the majority owner of Oncor Electric Delivery Company LLC (Oncor), the largest electric transmission and distribution utility in Texas, serving more than 10 million consumers. In 2019, Sempra also supported Oncor’s acquisition of InfraREIT, Inc. Through the acquisitions of Oncor, InfraREIT and Sharyland, Sempra has made investments of more than $10 billion in Texas.
Additionally, Sempra’s subsidiary Sempra LNG is developing the proposed Port Arthur LNG export project in Jefferson County, Texas. Port Arthur LNG is a multibillion-dollar infrastructure investment that will enable the delivery of natural gas sourced from Texas to world markets. The project will also support manufacturing, small businesses and the community by creating thousands of jobs and contributing to the local economy. Sempra LNG develops, builds and invests in natural gas liquefaction facilities and is pursuing the development of five strategically located LNG projects in North America with a goal of delivering 45 million tonnes per annum of clean natural gas, including natural gas sourced from Texas, to the largest world markets.
Sempra’s mission is to be North America’s premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, Sempra 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 approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, 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. Sempra and Sempra Foundation are based in San Diego.
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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: the greater degree and prevalence of wildfires in California in recent years and the risk that we may be found liable for damages regardless of fault, such as where inverse condemnation applies, and the risk that we may not be able to recover any such costs from insurance, the California wildfire fund or in rates from customers in California or otherwise; actions and the timing of actions, including decisions, investigations, new regulations and issuances of permits and other authorizations and renewal of franchises by the Comisión Federal de Electricidad (CFE), California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Los Angeles County Department of Public Health, U.S. Environmental Protection Agency, Federal Energy Regulatory Commission, Pipeline and Hazardous Materials Safety Administration, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; 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risks posed by actions of third parties who control the operations of our investments; 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 to honor the terms of contracts by foreign governments and state-owned entities such as the CFE, and other property disputes; the impact at San Diego Gas & Electric Company on competitive customer rates and reliability of electric transmission and distribution systems due to the growth in distributed and local power generation and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation and the potential 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 capital requirements and other regulatory and governance commitments, including the determination by a majority of Oncor's independent directors or a minority member director to retain such amounts to meet future requirements; changes in capital markets, energy markets and economic conditions, including the availability of credit; and 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 foreign and domestic trade policies and laws, including border 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; actions of activist shareholders, which could disrupt our operations by, among other things, requiring significant time by management and our board of directors; the impact of federal or state tax reform 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. 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 South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), 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.