S2590046-SD-SDGE 2025 Supplier Diversity Report.Final_lg - Flipbook - Page 41
Disclaimers
“Goal” as used in GO 156 and this report means a target which, when achieved, indicates progress in
a preferred direction. A goal is neither a requirement nor a quota.
This report contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the
future, involve risks and uncertainties, and are not guarantees. Future results may differ materially
from those expressed or implied in any forward-looking statement. These forward-looking
statements represent our estimates and assumptions only as of the date of this report. We assume
no obligation to update or revise any forward-looking statement as a result of new information,
future events or otherwise.
In this report, forward-looking statements can be identified by words such as “believe,” “expect,”
“intend,” “anticipate,” “contemplate,” “plan,” “estimate,” “project,” “forecast,” “envision,” “should,”
“could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,”
“construct,” “develop,” “opportunity,” “preliminary,” “pro forma,” “strategic,” “initiative,” “target,”
“outlook,” “optimistic,” “poised,” “positioned,” “maintain,” “continue,” “progress,” “advance,” “goal,”
“aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategies, goals,
vision, mission, projections, intentions or expectations.
Factors, among others, that could cause actual results and events to differ materially from those
expressed or implied in any forward-looking statement include: California wildfires, including
potential liability for damages regardless of fault and any inability to recover all or a substantial
portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054
and the wildfire fund continuation account established by California Senate Bill 254, rates from
customers or a combination thereof; decisions, denials of cost recovery, audits, investigations,
inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals
or other authorizations, renewals of franchises, and other actions, including the failure to
honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S.
Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service
and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein
where we do business; the success of business development efforts and construction projects,
including risks related to, as applicable, (i) negotiating pricing and other terms in definitive
contracts, (ii) completing construction projects or other transactions on schedule and budget, (iii)
realizing anticipated benefits from any of these efforts if completed, (iv) obtaining regulatory and
other approvals and (v) third parties honoring their contracts and commitments; changes to our
capital expenditure plans and their potential impact on rate base or other growth; changes, due
to evolving economic, political and other factors, to (i) trade and other foreign policy, including
the imposition of tariffs by the U.S. and foreign countries, and (ii) laws and regulations, including
those related to tax; litigation, arbitration, property disputes and other proceedings; cybersecurity
threats, including by state and state-sponsored actors, of ransomware or other attacks on our
systems or the systems of third parties with which we conduct business, including the energy grid
or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and
our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations,
which can be affected by, among other things, (i) actions by credit rating agencies to downgrade
our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets,
and (iii) fluctuating interest rates and inflation; the impact on affordability of our customer rates
and our cost of capital and on our ability to pass through higher costs to customers due to (i)
volatility in inflation, interest rates and commodity prices and the imposition of tariffs and (ii) the
cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate
policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or
eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment
for California natural gas distribution companies, the risk of non-recovery for stranded assets, and
uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents,
equipment failures, explosions, terrorism, information system outages or other events, such as
work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of
harmful materials or fires or subject us to liability for damages, fines and penalties, some of which
may not be recoverable through regulatory mechanisms or insurance or may impact our ability to
obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and
natural gas storage and transportation capacity, including disruptions caused by failures in the
transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of
natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and
beyond our control.
These risks and uncertainties are further discussed in the reports that the company has filed with
the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR
system free-of-charge on the SEC’s website, www.sec.gov, and on Sempra’s website, www.sempra.com.
Investors should not rely unduly on any forward-looking statements.
Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor
Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova)
are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern
California Gas Company, nor are they regulated by the CPUC.
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