Kevin Geraghty

This Corporate Sustainability Report details Sempra's strategic direction to be North America's premier energy infrastructure company. The strategy is built upon three main pillars: investing in safe and resilient operations, engaging people and communities, and innovating for the future. With a focus on five key value creation initiatives for 2025 and a long-term aim for net-zero scope 1 and 2 GHG emissions by 2050, the plan seeks to deliver secure, affordable, and cleaner energy, enhance operational efficiency, and foster a high-performance culture for sustainable growth and a resilient future.

The meetings covered various aspects of utility procurement, including updates on conventional resource requests for offers, capacity positions, and renewable energy issues such as contracts, compliance, and tradeable renewable energy credits. Discussions also included pipeline capacity, quarterly risk positions, CAISO convergence bidding, and gas hedging reports. The group reviewed independent evaluator methodologies, conducted evaluator interviews, and planned administrative schedules for future procurement reviews.

The meetings covered various topics including updates on conventional and renewable energy resources, procurement of greenhouse gas allowances and offsets, and status reports on utility-owned generation and capital outlay projects. Discussions involved contract status updates for renewable energy projects, resource adequacy requirements, convergence bidding compliance, and tax equity investment strategies for wind farm developments. The group also reviewed risk position metrics, transmission service open seasons, and proposed schedules for future committee meetings.

This document provides a quarterly update on San Diego Gas & Electric Company's 2026 Access and Functional Needs (AFN) Plan, detailing progress in supporting AFN and vulnerable populations during Public Safety Power Shutoffs (PSPS). The plan's key focus areas include enhancing preparedness and customer care, expanding AFN identification and support resources such as 211 and accessible transportation, and offering robust customer resiliency and assistance programs. It also emphasizes extensive community engagement and public education efforts, with the intended outcome of improving safety, accessibility, and communication for AFN individuals.

The meetings covered various utility procurement and operational topics, including updates on the All Source Request for Offer, distribution-level storage requests for proposals, and project status updates for Pio Pico and Carlsbad. Market updates were provided along with discussions on convergence bidding, renewable resource contracts, Renewable Portfolio Standard quarterly updates, and program updates. Additionally, the meetings addressed the Energy Resource Recovery Account three-year outlook, economic curtailment reporting, the impact of renewable energy goals, connected-to-the-sun program updates, and greenhouse gas reports.