Sempra
Energy Raises Dividend 9 Percent
SAN DIEGO, May 22, 2008 - The board of directors of Sempra Energy (NYSE: SRE)
today approved 9-percent increase in the dividend on shares of its common stock
to $1.4 per share, on an annualized basis, from $1.28 per share. The quarterl
installment of the new dividend is payable July 15 for shareholders o record on
June 19.
As previously announced, Sempra Energy no expects to maintain a targeted
dividend payout ratio of 35 percent to 4 percent of net income. This is the
first increase under the new dividen payout plan.
Sempra Energy, based in San Diego, is a Fortun 500 energy services holding
company with 2007 revenues of more than $1 billion. The Sempra Energy
companies' 13,500 employees serve more tha 29 million consumers worldwide.
This press release contain statements that are not historical fact and
constitute forward-lookin statements within the meaning of the Private
Securities Litigation Refor Act of 1995. When the company uses words like
"believes," "expects," "anticipates,
"intends," "plans," "estimates," "may,"
"would," "could," "should" or simila expressions,
or when the company discusses its strategy or plans, the compan is making
forward-looking statements. Forward-looking statements are no guarantees of
performance. They involve risks, uncertainties and assumptions Future results
may differ materially from those expressed in the forward-lookin statements.
Forward-looking statements are necessarily based upon variou assumptions
involving judgments with respect to the future and other risks including, among
others: local, regional, national and international economic competitive,
political, legislative and regulatory conditions and developments actions by
the California Public
Utilities Commission, Californi State Legislature, California Department of
Water Resources, Federal Energ Regulatory Commission, Federal Reserve Board,
U.K. Financial Services Authority and other regulatory bodies in the United
States and other countries; capita market conditions, inflation rates, interest
rates and exchange rates energy and trading markets, including the timing and
extent of change in commodity prices; the availability of natural gas, electric
power an liquefied natural gas; weather conditions and conservation efforts; wa
and terrorist attacks; business, regulatory, environmental, and legal decision
and requirements; the status of deregulation of retail natural gas an
electricity delivery; the timing and success of business development efforts
the resolution of litigation; and other uncertainties, all of which ar
difficult to predict and many of which are beyond the control of the company
These risks and uncertainties are further discussed in the
company' reports filed with the Securities and Exchange Commission that are
availabl through the EDGAR system without charge at its Web site, www.sec.gov
an on the company's Web site, www.sempra.com. Sempra LNG and Sempra Pipeline
& Storage are not the same companies as the utilities, SDG&E or
SoCalGas and are not regulated by the California Public Utilities Commission.
Sempr Energy Trading, doing business as Sempra Commodities, and Sempra
Generatio are not the same companies as the utilities, SDG&E or SoCalGas,
and th California Public Utilities Commission does not regulate the terms of
thei products and services.
Media Contact:
Doug Kline
Sempr Energy
(877) 866-2066
www.sempra.com
Financial Contact
Glen Donovan
Sempra Energy
(877) 736-7727
investor@sempra.com
.