Sempra Power, headquartered in San Diego, is an vitality companies holding firm. In 2022, roughly 88% of SRE’s income got here from its utilities and the rest from wholesale vitality gross sales. Its 18,000 workers serve greater than 36 million prospects. The corporate’s major regulated utilities are San Diego Gasoline & Electrical (3.7 million fuel and electrical prospects) and Southern California Gasoline (22 million fuel prospects). Oncor is the biggest regulated electrical utility in Texas (10 million prospects). Sempra LNG is a fuel infrastructure firm and developer of liquefaction services in North America, together with new operations in Port Arthur, Texas. IEnova is a three way partnership firm, 99% owned by Sempra, that develops and operates vitality infrastructure in Mexico. The corporate is rising its use of renewable vitality sources, together with renewable hydrogen, with the aim of reaching net-zero emissions by 2050. The corporate has had fuel operations in Mexico for 20 years. As of Might 2022, SRE shares additionally commerce on the Mexican Inventory Trade (BMV) beneath the image SRE. In 3Q22, the corporate introduced a number of agreements to develop infrastructure tasks for the Federal Electrical energy Authority of Mexico. SRE is a element of the S&P 500 Index and has a market capitalization of $46.5 billion.
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