March 2, 2013 – Sempra Energy, parent company of SDG&E, this week reported 2012 earnings of $859 million, or $3.48 per diluted share, compared with $1.3 billion, or $5.51 per diluted share, in 2011.
Earnings for Sempra Renewables division took a huge leap in 2012, increasing to $61 million from $7 million in 2011. Fourth-quarter earnings for Sempra Renewables were $14 million in 2012, compared with a loss of $2 million in 2011, due primarily to the addition of solar and wind assets in 2012.
Earnings for SDG&E increased to $484 million in 2012 from $431 million in 2011.
For details, see the company’s announcement.
December 4, 2012 (San Diego’s East County) – The board of directors of Sempra Energy (NYSE: SRE) announced last month that CEO Debra L. Reed has been elected chairman of the company.
Effective Dec. 1, Reed will succeed Donald E. Felsinger, 65, who retired at the end of November after a 40-year career with the company. Reed was named Sempra Energy’s CEO in June of last year.
Alpine residents lodge new complaints; Lakeside residents plan community meeting Wed. Nov. 2 over noise concerns
By Miriam Raftery
November 1, 2011 (San Diego’s East County) – Last week, the County revoked a variance granted to SDG&E for helicopter work along Sunrise Powerlink on Sundays in areas where residents had complained. So on Sunday, October 30, residents were looking forward to some much-anticipated peace and quiet –only to find the silence broken once again by the loud roar of helicopters.
At least some of the flights appear to be violating the County’s ban on Sunday flights, according to LeAnn Carmichael with the County Department of Planning and Land Use.
Reed, 55, succeeds Donald E. Felsinger, who will continue in the role of Sempra Energy’s executive chairman until his planned retirement at age 65 in late 2012. Neal E. Schmale, president and chief operating officer of Sempra Energy, will remain in his current role until his planned retirement later this year.
Dec. 16, 2010 (San Diego) – For the second consecutive year, Sempra Energy Foundation today announced $1 million in charitable donations to non-profit organizations in California and the U.S. Gulf region to help people in need. The contributions also include a grant-incentive program to support the Sempra Energy family of companies’ employee volunteer efforts.
SHAREHOLDERS VOTE FOR RIGHTS TO LIMIT SEMPRA CEO'S PAY: CONSUMER LEADER SLAMS $21 MILLION COMPENSATION PLAN
SHAREHOLDERS TO PUT LIMITS ON SEMPRA EXECUTIVE PAY
“Felsinger’s salary is a graphic example of the grossly disproportionate salaries that CEOs continue to feast upon even in our current economic malaise. It is offensive in many ways, including the fact that it is partially paid by themoney we pay SDG&E montly.” – Michael Shames, Utility Consumers Action Network (UCAN)
By Miriam Raftery
July 8, 2010 (San Diego) Stockholders at Sempra Energy, parent company of San Diego Gas & Electric Company (SDG&E), have approved a “say on pay” clause giving them power to restrict executive compensation. The vote came in may, following disclosure that Sempra’s chief executive, Donald Felsinger, was the highest-paid executive in San Diego County last year with a $20.9 million annual salary and benefits package, plus a $35 million golden parachute retirement package he woudl receive if the company is ever sold.
By Miriam Raftery
September 10, 2009 (San Diego) – Sempra Energy today issued a video statement expressing “shock” at news that a lobbyist for the company has been implicated in a sex scandal with Mike Duvall (R-Orange County), vice chair of the Assembly Utilities and Commerce Committee. Duvall resigned yesterday, after his videotaped boasts were widely publicized, as East County Magazine reported, but now claims his taped statements were untrue. The comments were made in a committee room prior to a televised hearing, with Duvall apparently unaware that a microphone was live.
SAN FRANCISCO, September 10, 2009 - The California Public Utilities Commission (CPUC) today denied, without prejudice, San Diego Gas and Electric Company’s (SDG&E) request to proactively shut off power when certain fire conditions are present. According to a press release issued by the CPUC, the Comission denied the request "because SDG&E has not met its burden to demonstrate that the benefits of shutting off power outweigh the significant costs, burdens, and risks that would be imposed on customers and communities in the areas where power is shut off."