Sempra is Fracked Gas
What they don't want you to know...
Here we divulge some of the dirty little “secrets” that SDG&E and Sempra Energy would rather not discuss. Our intention is to help San Diegans form a complete and accurate picture of our energy suppliers.
YOU help sell fossil fuels
Sempra’s Vision: Build a Fracked Gas Empire
Using money from SDG&E and other subsidiaries, Sempra has been building infrastructure (pipelines and terminals) to transport mainly (>80%) fracked methane gas outside of the US from ports in Texas and Mexico.
That’s right: San Diegans are forced to help Sempra Energy sell climate warming fossil fuels around the world.
SOURCE: Sempra Investment Day 2020 (Pg. 11)
San Diegans pay the most for fossil fuel distribution.
No More Renewable Energy
Meanwhile: By mid-2019, Sempra sold ALL of its renewable (wind and solar) investments.
SOURCE: Sempra Energy Annual Report
Big rewards: Sempra’s executives have rewarded themselves handsomely too. $130,000,000 for just 5 people over 2 years. That’s a lot of yachts!
SDG&E GO-77 report: 2018 (page 8) https://www.docdroid.net/yce8W5o/2018-sdge-annual-go-77m-report-redacted-pdf#page=2
SDG&E GO-77 report: 2019 (page 8) https://www.sdge.com/sites/default/files/regulatory/SDG%26E%20Annual%20GO%2077M%20Report%20-%202019%20Redacted.pdf
The amount 5 people get in bonuses can give 260 people an annual salary of $50,000.
From cashing in during the pandemic to higher energy bills to an energy monopoly, Sempra is all about the money – in their pockets.
Approximately 1/3rd of Sempra's revenues come from SDG&E. They have experienced massive growth in profits, even during the pandemic. Amazingly, in 2017 SDG&E contributed 100% of Sempra's profits!
SOURCES: Sempra Energy Annual Report 2019 (pg. 57, 58).
2020 Data: https://www.sempra.com/sempra-energy-delivers-strong-full-year-2020-financial-and-operational-results
SOURCE: Data from the publicly owned Sacramento Municipal Utility District (SMUD) shows the average monthly price, in dollars, for a residential bill using 750 kWh per month as of January 1, 2021 for CA utilities. SDG&E charges almost double.
SDG&E energy monopoly allows them by 2020 to collect over >$2,000,000 per day in profit from San Diego customers (Franchise Agreement hostages). SOURCES: Sempra Energy Annual Report 2019 (pg. 57). 2020 Data: https://www.sempra.com/sempra-energy-delivers-strong-full-year-2020-financial-and-operational-results