Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 44

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 44
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 cargoes loaded since production began(2)                                                                                              
 Sempra Infrastructure made progress on construction and development of liquefied natural gas (LNG) projects(6)                                                                                                                                
 •ECA LNG Phase 1:Under construction, expected to commence commercial operations in spring 2026                                                                                                                                                
 •Port Arthur LNG Phase 1:Under construction, Train 1 and Train 2 expected to commence commercial operations in 2027 and 2028, respectively                                                                                                    
 •Port Arthur LNG Phase 2:In development, announced non-binding heads of agreement with Aramco for equity + offtake(6)(7)                                                                                                                      
 Sempra Infrastructure reached a positive final investment decision and started construction of the Cimarron wind project, the third phase of the Energia Sierra Juarez wind complex, totaling approximately 320 megawatts of wind capacity(6) |

| (1) | Refers to the increase from our 2024-2028 capital plan to our 2025-2029 capital plan, which includes Sempra’s proportionate ownership interest in projected capital expenditures at unconsolidated entities, while excluding Sempra’s projected capital contributions to those entities, and excludes noncontrolling interest’s proportionate ownership interest in projected capital expenditures at Sempra and at unconsolidated entities. Sempra’s capital plan is based on a number of assumptions, the failure of which to be accurate could materially impact Sempra’s actual capital expenditures. |

| (2) | As of or for the period ended December 31, 2024, as the context requires. |

| (3) | Based on $1.25 billion of share repurchases and $7.1 billion of common stock dividends declared from 2020 through 2024. These repurchases and dividends were partially offset by our $1.3 billion equity offering in November 2023 and our $271 million equity offering under our $3.0 billion at-the-market offering program in November and December 2024. |

| (4) | All financial and operating metrics represent 100% of Oncor’s 2024 year-end results. |

| (5) | Reflects one of several findings in a December 19, 2024 decision by SoCalGas’ primary regulator, the California Public Utilities Commission (CPUC). The determination is subject to future CPUC biennial reviews and potential additional proceedings. |

| (6) | The ability to complete major construction and development projects is subject to a number of risks and