Management Meeting: Sempra Avoids Wildfire Liability, Focus on LNG and Texas
We are reaffirming our $123 per share fair value estimate, narrow moat, and stable moat trend for Sempra Energy after meeting with management at the Edison Electric Institute Financial Conference in San Francisco.Investors are focused on the company's potential wildfire liability given the current wildfire activity in California. While Sempra doesn't have any current exposure, the ongoing risks and potential liability of operating in the state have weighed on all California utilities.
While rec...
Sempra Energy is an energy-services holding company. The company's segments are: San Diego Gas & Electric Company, which provides electric services and natural gas services in Southern California; Southern California Gas Company, which owns and operates a natural gas distribution, transmission and storage system that supplies natural gas in Southern California and portions of central California; Sempra Texas Utilities, which includes Oncor Electric Delivery Company LLC that provides electricity to consumers; Sempra Mexico, which develops, owns and operates, or holds interests in, energy infrastructure in Mexico; and Sempra LNG, which develops projects for the export of liquefied natural gas.
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