Sempra Energy Files Proxy Materials
Ticker: SRE · Form: DEFA14A · Filed: 2024-04-17T00:00:00.000Z
Sentiment: neutral
Topics: proxy, shareholder-meeting, sec-filing
Related Tickers: SRE
TL;DR
Sempra filed proxy docs, shareholders vote soon.
AI Summary
Sempra Energy filed a Definitive Additional Materials proxy statement on April 17, 2024. This filing is related to the company's proxy materials for its upcoming shareholder meeting. The document is a standard filing under the Securities Exchange Act of 1934, indicating it contains information for shareholders regarding voting matters.
Why It Matters
This filing provides shareholders with crucial information needed to participate in the company's governance, including details on voting procedures and matters to be discussed at the shareholder meeting.
Risk Assessment
Risk Level: low — This is a routine proxy filing and does not contain new financial information or strategic changes that would inherently increase risk.
Key Players & Entities
- SEMPRA (company) — Registrant
- SEMPRA ENERGY (company) — Former company name
- MINERAL ENERGY CO (company) — Former company name
FAQ
What type of filing is this?
This is a DEFA14A filing, specifically Definitive Additional Materials for a proxy statement.
Who is the registrant?
The registrant is SEMPRA.
When was this filing made?
The filing was made on April 17, 2024.
What is the purpose of a DEFA14A filing?
A DEFA14A filing is a proxy statement filed with the SEC to provide shareholders with information for voting at company meetings.
What is Sempra's primary industry?
Sempra's primary industry is Gas & Other Services.
Filing Stats: 3,785 words · 15 min read · ~13 pages · Grade level 20 · Accepted 2024-04-17 16:18:49
Key Financial Figures
- $16.7B — mance Highlights Record 2023 revenue of $16.7B 2023 GAAP and adjusted earnings of $3.0
- $3.0B — 6.7B 2023 GAAP and adjusted earnings of $3.0B and $2.9B, respectively2 GAAP EPS has g
- $2.9 — GAAP and adjusted earnings of $3.0B and $2.9B, respectively2 GAAP EPS has grown at a
- $48B — ed our five-year capital plan by 20% to $48B with more than 90% focused on regulated
- $366 million — ion on our monetary positions in Mexico $366 million net unrealized gains on commodity deriv
- $40 million — he Port Arthur LNG liquefaction project $40 million equity earnings from investment in RBS
- $367 million — storage assets at Sempra Infrastructure $367 million gain on the sale of certain Sempra Rene
Filing Documents
- d786506ddefa14a.htm (DEFA14A) — 39KB
- g786506txs10g1.jpg (GRAPHIC) — 87KB
- g786506txs11g1.jpg (GRAPHIC) — 15KB
- g786506txs12g1.jpg (GRAPHIC) — 107KB
- g786506txs13g1.jpg (GRAPHIC) — 77KB
- g786506txs14g1.jpg (GRAPHIC) — 69KB
- g786506txs1g1.jpg (GRAPHIC) — 32KB
- g786506txs2g1.jpg (GRAPHIC) — 143KB
- g786506txs3g1.jpg (GRAPHIC) — 93KB
- g786506txs4g1.jpg (GRAPHIC) — 93KB
- g786506txs5g1.jpg (GRAPHIC) — 76KB
- g786506txs6g1.jpg (GRAPHIC) — 92KB
- g786506txs7g1.jpg (GRAPHIC) — 84KB
- g786506txs8g1.jpg (GRAPHIC) — 113KB
- g786506txs9g1.jpg (GRAPHIC) — 131KB
- 0001193125-24-099116.txt ( ) — 1712KB
From the Filing
DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 SEMPRA (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Spring 2024 Shareholder Engagement The following information supplements the proxy statement of Sempra filed with the U.S. Securities and Exchange Commission on March 25, 2024, and should be read together with such proxy statement. Information Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as April 17, 2024. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this presentation, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisin Reguladora de Energa, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining third-party consents and approvals, and (v) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to tax and trade policy and the energy industry in Mexico; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of San Diego Gas & Electric