Sempra is on the verge of wrapping up the biggest deal in the history of the San Diego energy giant, a $9.45 billion acquisition of Oncor, the largest utility in Texas. Focused mostly on the liquefied natural gas business in Texas and Louisiana, the company currently has 100 employees working at an office off Briarpark Drive near the intersection of Westheimer Road and Beltway in far west Houston. Sign up for our newsletter to get news and updates about our energy behind Texas delivered to your inbox. And to provide additional economic relief, Sempra recently joined the Texas Economic Development Corporation.We’re committed to Texas and our business here continues to expand. Greg Abbott said in a statement. ET, Aug. 5. "Sempra has undergone a dramatic expansion in Texas over the past two years. Investors, media...Sempra North American Infrastructure, Sempra LNG, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. In May 2019, the company acquired a 50% limited-partnership interest in Sharyland Utilities, LLC. SAN DIEGO, July 15, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) plans to release its second-quarter 2020 earnings by 7 a.m. Sempra Energy's original proposal was to initially acquire 60 percent of EFH, with the goal of acquiring 100 percent over a period of time.Some of the more notable regulatory commitments include:While accretion will vary based on the actual closing date of the transaction, and the timing and mix of equity and debt issued, Sempra Energy expects the acquisition of EFH under the new financing structure to result in an average annualized accretion in earnings per share of approximately 10 cents to 20 cents over the next four years.Headquartered in Dallas, Oncor is a regulated electric transmission and distribution service provider, made up of approximately 122,000 miles of lines and more than 3.4 million advanced meters, making it the largest utility in Texas. "Our application responds to their feedback and details our financing plan and regulatory commitments, as well as our approach to resolving the long-running EFH bankruptcy proceeding. "Sempra Energy will own 100 percent of EFH, which translates to approximately 80 percent of Oncor at the close of the transaction. Sempra Energy (NYSE: SRE) today (6/10) announced that the company has joined the Texas Economic Development Corporation (TxEDC), an independently funded and operated 501(c)(3) nonprofit organization promoting economic and business development in the state. Houston is the world's premier energy community and I welcome Sempra's expansion in Texas. Lloyd has a bachelor’s degree in economics from Louisiana State University and earned his master’s degree in economics from the University of Texas at Austin.SAN DIEGO, Jan. 7, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the company is opening a new "Center of Excellence" in Houston, Texas.
Lloyd has worked in a variety of roles at the Public Utility Commission and private industry related to electricity market restructuring and was the principal author of the 2008 Texas State Energy Plan developed by the Governor’s Competitiveness Council.