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    Sempra (SRE)

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    Sempra is a leading energy infrastructure company in North America, focusing on investing in and operating energy infrastructure that provides regulated electric and gas services in California and Texas, as well as other energy services globally . The company is structured around three main growth platforms: Sempra California, Sempra Texas, and Sempra Infrastructure, which includes LNG, Energy Networks, and Low-Carbon Solutions . Sempra's strategic investments and diversified business model aim to deliver stable cash flows and increase shareholder value .

    1. Utilities - Provides regulated electric and gas services in California and Texas, contributing significantly to the company's revenue.
    2. Sempra Infrastructure - Focuses on long-term contracted cash flows, primarily in the LNG sector, ensuring stability and earnings visibility.
      • LNG - Engages in liquefied natural gas operations, offering long-term contracts for energy supply.
      • Energy Networks - Develops and operates energy networks to support infrastructure needs.
      • Low-Carbon Solutions - Invests in solutions aimed at reducing carbon emissions and promoting sustainability.
    3. Energy-Related Businesses - Engages in energy derivatives to manage market risks related to natural gas and electricity price volatility .
    NamePositionStart DateShort Bio
    Jeffrey W. MartinChairman, Chief Executive Officer, and President2018Jeffrey W. Martin has served as the Chairman of the Board, Chief Executive Officer, and President of Sempra since 2018. He was previously Executive Vice President and Chief Financial Officer from 2017 to 2018 .
    Trevor I. MihalikExecutive Vice President and Chief Financial OfficerJanuary 1, 2024Trevor I. Mihalik serves as the Executive Vice President and Chief Financial Officer of Sempra as of January 1, 2024. He oversees Sempra California and certain corporate functions .
    Karen L. SedgwickExecutive Vice President and Chief Financial OfficerJanuary 1, 2024Karen L. Sedgwick was promoted to Executive Vice President and Chief Financial Officer effective January 1, 2024. She previously served as Chief Administrative Officer and Chief Human Resources Officer .
    Peter R. WallSenior Vice President, Controller, and Chief Accounting OfficerN/APeter R. Wall is responsible for overseeing the company's accounting functions. Specific details regarding his start date in this role or his career history prior to this position are not provided.
    Kevin C. SagaraFormer Executive Vice President and Group President (retired)Retired Dec 1, 2023Kevin C. Sagara served as the Former Executive Vice President and Group President at Sempra Energy. He retired on December 1, 2023, after a total of 27 years of service, including prior employment from 1992-1999 .
    Jennifer M. KirkDirector; Member of the Audit Committee and Safety, Sustainability and Technology CommitteeN/AThe documents do not provide any information about Jennifer M. Kirk serving in these roles at SRE.
    1. With the proposed decision in your General Rate Cases indicating a lower than requested rate base and critical investment areas requiring additional work, how will you ensure that necessary infrastructure investments for safety and reliability are adequately funded if not fully approved?

    2. Given the reduction of 42 basis points in authorized ROEs and the lower adjustment percentage for future triggers in the California cost of capital proceeding, how do you anticipate this will impact your earnings and future investment plans in California?

    3. Considering Oncor's anticipated 40-50% increase in its five-year capital plan due to significant new investment opportunities, how do you plan to finance this substantial growth while maintaining your balance sheet strength and credit ratings?

    4. With the DOE non-FTA export permit for Port Arthur Phase 2 LNG project still pending and expected in the first half of next year, what are the risks of further delays, and how might they impact your timeline and commitments for the project?

    5. In light of intensifying geopolitical developments and potential increased competition in the LNG export market, how does Sempra Infrastructure plan to secure long-term contracts and maintain its competitive edge in supplying growing demand in Europe and Asia?

    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP1935 PresentCurrent auditor