Agenda 2014 Financial Results Summary Operational Results California Utilities Sempra U.S. Gas & Power LNG Other Infrastructure Sempra International Q4-14 Financial Results and Key Drivers 2015 Guidance and Dividend…
2014 Financial Results Summary 2014 earnings per share of 4.63 2014 adjusted earnings per share of 4.71(1) represents 13%(1) annual EPS growth Strong operating performance across the company contributed to financial results 2014…
Operational Results: California Utilities SONGS multi-party settlement approved by the CPUC in November 2014 GRC applications filed in November 2014 with scheduled resolution by year-end 2015 SoCalGas: requested 256 million increase in…
Operational Results: USG&P - LNG Key milestones reached on Cameron Trains 1-3 and project now under construction Filed with DOE in December 2014 for FTA authorization to export additional 2.95 mtpa of LNG on Cameron Trains 1-3…
Operational Results: USG&P Other Infrastructure Sempra Natural Gas REX pipeline 1.8 Bcf/d of east-to-west capacity under long-term contracts 0.6 Bcf/d of capacity already in service 1.2 Bcf/d of capacity expected to be on line…
Operational Results: Sempra International Sempra Mexico Now generating earnings on sections of Sonora and Los Ramones pipelines put in service Together, they will provide nearly 3 Bcf/d of import capacity to Mexico Awarded 300…
Fourth-Quarter and Full-Year 2014 Results Three months ended Years ended December 31, December 31, (Dollars, except EPS, and shares in millions) 2014 2013 2014 2013 (Unaudited) GAAP Earnings 297 282 1,161 1,001 Loss on San Onofre…
Fourth-Quarter 2014 Key Drivers Increased Q4-14 adjusted earnings over Q4-13 are due largely to:(1) 2014 benefits of 33 million due to: 18 million reduction in deferred income tax expense related to Peruvian tax reform, 8 million…
2015 Guidance and Dividend Increase 2015 adjusted earnings guidance range set at 4.60 to 5.00 per share(1) Largely reflects impacts from: Higher utility earnings and REX east-to-west contracts that provide incremental earnings for…
Business Unit Earnings
SDG&E Three months ended Years ended December 31, December 31, (Dollars in millions) 2014 2013 2014 2013 (Unaudited) SDG&E GAAP Earnings 128 119 507 404 Loss on SONGS Plant Closure(1) 12 - 21 119 Retroactive 2012 Earnings from…
SoCalGas Three months ended Years ended December 31, December 31, (Dollars in millions) 2014 2013 2014 2013 (Unaudited) SoCalGas GAAP Earnings 76 98 332 364 Retroactive 2012 Earnings from GRC - - - (25) (1) SoCalGas Adjusted…
Sempra International Three months ended Years ended December 31, December 31, (Dollars in millions) 2014 2013 2014 2013 (Unaudited) Sempra South American Utilities 63 43 172 153 Sempra Mexico 53 26 192 122 Sempra International…
Sempra International Contd 2014 South America earnings include:(1) 16 million lower earnings from foreign currency effects, 12 million higher earnings for relocation of electrical infrastructure projects, 12 million net reduction in…
Sempra U.S. Gas & Power Three months ended Years ended December 31, December 31, (Dollars in millions) 2014 2013 2014 2013 (Unaudited) Sempra Natural Gas 11 9 50 64 Sempra Renewables 18 6 81 62 Sempra U.S. Gas & Power Earnings 29…
Sempra U.S. Gas & Power Contd 2014 Natural Gas earnings include:(1) 25 million tax benefit in 2014 due to the release of a Louisiana valuation allowance against a deferred tax asset, and 10 million lower operating costs at the…
Appendix
Non-GAAP Financial Measures Sempra Energy Consolidated: Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share exclude 1) in the year ended December 31, 2014, a 21 million charge, including 12 million in the fourth quarter, to…
REX Update on Zone 3 East-to-West Contracted/ Amount not Volume Expected In- Contract(s) Route Term Indicative Rate in 2014 (Bcf/d) Service Date (/Dth) 5-yr Plan Seneca Processing 0.25 Bcf/d = 6 mos Plant to NGPL 0.60 Bcf/d =…
Mexico Opportunities Natural Gas Pipelines(1) USD 13 billion estimated required investment in new pipelines by 2018 CAPEX Project Name Miles Bid Date (3) Award Date (3) COD (US mm) 1. Ojinaga El Encino (IEnova) 127 299 Oct 15, 2014…
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 Ojinaga El Encino Pipeline…
Renewable Project Summary Name Location Sempras Share (MW) PPA Term (yrs) Tax Credits Expected Full COD CONTRACTED/UNDER CONSTRUCTION Copper Mountain Solar 2 Nevada 29 MW (50%) 25 ITC 2015 (2nd Phase) Copper Mountain Solar 3 Nevada…
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