Second Quarter 2014 Earnings Results August 7, 2014
Agenda Q2-14 Financial Results Business Updates Cameron Liquefaction LNG Expansion of Existing Assets USG&P Sempra International California Utilities 3
Second Quarter 2014 Results Three months ended Six months ended June 30, June 30, (Unaudited; dollars, except EPS, and shares in millions) 2014 2013 2014 2013 GAAP Earnings 269 245 516 423 Loss on San Onofre Nuclear Generating…
SDG&E Three months ended Six months ended June 30, June 30, (Unaudited, dollars in millions) 2014 2013 2014 2013 SDG&E GAAP Earnings 123 65 222 156 (1) Loss on SONGS Plant Closure - 119 9 119 Retroactive 2012 Earnings from GRC -…
SoCalGas Three months ended Six months ended June 30, June 30, (Unaudited, dollars in millions) 2014 2013 2014 2013 SoCalGas GAAP Earnings 80 118 158 164 Retroactive 2012 Earnings from GRC - (25) - (25) Retroactive Q1-13 Earnings…
Sempra International Three months ended Six months ended June 30, June 30, (Unaudited, dollars in millions) 2014 2013 2014 2013 Sempra South American Utilities 42 34 77 71 Sempra Mexico 34 26 76 57 Sempra International Earnings 76…
Sempra U.S. Gas & Power Three months ended Six months ended (1) June 30, June 30, (Unaudited, dollars in millions) 2014 2013 2014 2013 Sempra Natural Gas 4 9 13 62 Sempra Renewables 18 15 46 19 (1) Sempra U.S. Gas & Power Earnings…
Cameron Liquefaction Updates FERC order received June 19, 2014 All FERC hurdles cleared; only important regulatory step remaining is receipt of final non-FTA permit from DOE Expect to begin construction this year Financing…
LNG Expansion of Existing Assets Cameron: now that we have reached FID on Cameron, we will begin working with our partners to complete development plans for trains 4-5 and to initiate FERC process Cameron expansion would be one of the…
USG&P Business Updates REX Pipeline(1) 1.8 Bcf/d of east-to-west capacity fully contracted under long-term agreements starting in 2015 All but 0.2 Bcf/d represents capture of development opportunities additional to our five-year…
Sempra International Business Updates Sempra Mexico First phase of Sonora and Los Ramones pipelines on budget and expected to be in service by year-end Financing of ESJ(1) wind project completed; sale of 50% closed in July 2014 CFE…
California Utilities Updates PSEP: Final Decision approved June 12, 2014 Adopts our overall implementation framework Approves balancing account treatment, subject to reasonableness review Anticipate spending of approximately 1.5…
Summary We now expect earnings to be at or above midpoint of full year guidance of 4.25 to 4.55 per share CPUC decision issued on PSEP that adopts our proposed framework for prioritization of projects Major projects progressing on…
Appendix
Non-GAAP Financial Measures Sempra Energy Consolidated: Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share exclude 1) in the three months ended June 30, 2013, a 119 million loss from plant closure resulting from the early…
REX Update on Zone 3 East-to-West Expected Contracted/ Amount Volume In- Contract(s) Route Term Indicative Rate not in (Bcf/d) Service (/Dth) 5-yr Plan Date Seneca Processing Starting 6/14: 6 mos of 0.25 Bcf/d; Plant to…
Mexico Opportunities Natural Gas Pipelines(1) USD 13 billion estimated required investment in new pipelines by 2018 Project Name Miles CAPEX (US mm) Tender Date COD Tender Date Key 1. Ojinaga El Encino 155 462 Sep-14 1Q 2017 2014 2015…
Mexico Opportunities Electric Transmission(1) USD 1.7 billion estimated required investment in new transmission by 2018 Project Name Miles CAPEX (US mm) 3 Transmission line area 1. Transmission for Guaymas II & III NA 272 1 2.…
Mexican Project Summary Sempras Share of Ultimate Length of Expected Contract Name Design Capacity Planned CapEx Ownership Interest Pipeline (miles) Full COD Term (yrs) ( in millions) IN DEVELOPMENT Sonora Pipeline Phase 1 100%…
Renewable Project Summary Name Location Sempras Share (MW) PPA Term (yrs) Tax Credits Expected Full COD CONTRACTED/UNDER CONSTRUCTION (1) Broken Bow 2 Wind Nebraska 38 MW 25 PTC 2014 Copper Mountain Solar 2 Nevada 29 MW (50%) 25…
Loading...
