SOURCE: Sempra Energy
September 14, 2010 16:00 ET
Sempra Energy Joins Opposition to California Proposition 23
SAN DIEGO, CA--(Marketwire - September 14, 2010) - Sempra Energy (NYSE: SRE) today announced that it has joined opposition to Proposition 23, the November California ballot initiative seeking to suspend AB32, the state's landmark global warming law.
AB32 requires a reduction in greenhouse gas emissions in California to 1990 levels by 2020.
"We support California's pioneering effort to transition to a low-carbon economy and AB32 provides the critical path for getting there," said Donald E. Felsinger, chairman and chief executive officer of Sempra Energy. "Applied properly, AB32 will promote clean technology, create new 'green' jobs and reduce air pollution. At Sempra Energy, we are implementing California's aggressive public policy agenda by investing in clean-burning natural gas and renewable energy resources."
Sempra Energy -- the parent company of San Diego Gas & Electric, Southern California Gas Co., Sempra Generation, Sempra Pipelines & Storage and Sempra LNG -- has among the lowest carbon-emission rates in U.S. utility sector. Through its subsidiaries, Sempra Energy is an industry leader in energy efficiency, renewable energy, alternative-fuel vehicles and smart grid development.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2009 revenues of more than $8 billion. The Sempra Energy companies' 13,800 employees serve about 29 million consumers worldwide.
Sempra Pipelines & Storage, Sempra Generation, Sempra LNG and RBS Sempra Commodities dba Sempra Energy Solutions and Sempra Energy Trading are not the same companies as the utility, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra Pipelines & Storage, Sempra Generation, Sempra LNG and RBS Sempra Commodities dba Sempra Energy Solutions and Sempra Energy Trading are not regulated by the California Public Utilities Commission.