Sempra Energy reported a slightly higher fourth-quarter profit Tuesday and said its proposed Louisiana gas-export terminal would boost future growth and profits. Sempra predicted a 2013 adjusted profit of between $4.30 and $4.80 a share, compared with $4.35 a share in 2012 and analysts’ estimates of $4.41 a share. The company’s 2012 profit using generally accepted accounting principles was $3.48 a share. Read more: http://www.foxbusiness.com/news/2013/02/26/sempra-energy-posts-higher-4th-quarter-profit-plans-gas-export-plant/#ixzz2MCVvVZ7i
It has taken a couple of years for the energy industry to acknowledge a new reality: Natural gas availability is soaring in contravention of forecasting models that have been in use for decades, and the fuel is set to transform everything from power generation and transport to chemicals and even the trade deficit.
As old operating realities have been thrown out the window, as major oil players increasingly become natural gas companies, as billions of dollars of investment in proposed export terminals is argued over inside the sector and out, the strategic arm of this most strategic of industries is racing to catch up. Keep reading →
It’s hard to imagine that one day the world may look very different than it does now, but in this video San Diego Gas & Electric (SDG&E) urges consumers to imagine a new reality.
A world with digital technology tracking and managing the grid, a smart grid, in real time, a world with ample infrastructure and recharging stations for electric cars and a world with automated demand response systems that link directly to home appliances may have once seemed impossible, but these innovations are already here, this video claims. In a series of storylines, Sempra-owned SDG&E outlines in this video its efforts in each of these areas. Keep reading →