On March 28, 2025, Sempra determined to move forward with a process to sell Ecogas and a portion of its 70% interest in SI Partners. The sale is expected to be completed over the next 12-18 months.

Sempra is developing the Cameron LNG Phase 2 project, the ECA LNG Phase 1 project, and the Vista Pacifico LNG project. These projects are subject to various risks and uncertainties.

Sempra is constructing the Cimarrón Wind project, an approximately 320 MW wind generation facility in Baja California, Mexico. The project is expected to begin generating energy in late 2025 and commence commercial operations in the first half of 2026.

The CPUC approved an FD in the 2024 GRC for SDG&E and SoCalGas that authorizes their revenue requirements for 2024 and attrition year adjustments for 2025 through 2027. This provides SDG&E and SoCalGas with numerous mechanisms to seek cost recovery of specified projects and programs.

In April 2025, an incident occurred at the site of the PA LNG Phase 1 project that resulted in the deaths of three Bechtel employees and the injury of two Bechtel employees. This is under investigation and could lead to increased costs and delays.

Sempra Infrastructure had initiated three amparo lawsuits challenging the 2021 amendments to Mexico's Electricity Industry Law. The second lawsuit impacting generation permits for certain Sempra Infrastructure facilities, which lawsuit the Second Chamber of the Mexican Supreme Court definitively dismissed in February 2025.

The U.S. Administration has announced a number of new tariffs, both threatened and imposed, including a higher total tariff on goods from China and numerous other tariffs in various ranges on imports from all countries with only limited exclusions. These tariffs have created uncertainty in our business development efforts and for projects currently under construction.

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, 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) CPUC, CNE, DOE, FERC, IRS, PUCT and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business

The 10-Q filing does not explicitly detail Sempra's competitive position through market share data or pricing power analysis. However, the filing does mention the importance of securing binding customer commitments for projects, indicating a competitive landscape.

The filing emphasizes the importance of obtaining and maintaining permits and regulatory approvals for Sempra's projects. These approvals are crucial for Sempra to maintain its competitive position.

The filing mentions Sempra's pursuit of new projects, such as the Hackberry Carbon Sequestration project and the Vista Pacifico LNG project. These projects could enhance Sempra's competitive position.

Operation and maintenance expenses increased to $1.343 billion in Q1 2025 from $1.212 billion in Q1 2024. This increase could indicate a decrease in operational efficiency.

The filing mentions Sempra's efforts to optimize its supply chain, including its transport and storage contracts. These efforts are aimed at improving operational efficiency.

Port Arthur LNG has received authorization from the FERC to increase its work force and implement a 24-hours-per-day construction schedule to further enhance construction efficiency. This indicates a focus on improving operational efficiency.

The filing mentions that Sempra is investing in standalone energy storage projects. These projects could enhance Sempra's technological capabilities.

Cameron LNG JV has received major permits, which have been amended to allow the use of electric drives for a one-train electric drive expansion. This indicates a focus on using innovative technologies.

Sempra Infrastructure is developing the potential Hackberry Carbon Sequestration project. This project could enhance Sempra's technological capabilities.

The filing mentions that Sempra is developing the Cameron LNG Phase 2 project, the ECA LNG Phase 1 project, and the Vista Pacifico LNG project. These projects require significant capital investment.

Sempra is constructing the Cimarrón Wind project, an approximately 320 MW wind generation facility in Baja California, Mexico. This project requires significant capital investment.

The filing mentions that SDG&E and SoCalGas are authorized to recover certain costs through rates. This indicates that Sempra is allocating capital to its existing utilities.

Sempra Infrastructure is developing the potential Hackberry Carbon Sequestration project near Hackberry, Louisiana. This project is designed to permanently sequester carbon dioxide.

Sempra is constructing the Cimarrón Wind project, an approximately 320 MW wind generation facility in Baja California, Mexico. This project will provide renewable energy to the City of Santa Clara, California.

The filing mentions that Sempra is committed to safety. This is evidenced by the company's response to the construction incident at the PA LNG Phase 1 project.

The filing mentions that Sempra's operations are subject to regulatory approvals and changes in regulations. These changes can have a significant impact on Sempra's business.

The filing mentions that Sempra's operations are subject to changes in the economic environment. These changes can have a significant impact on Sempra's business.

The filing mentions that Sempra's operations are subject to changes in the political environment. These changes can have a significant impact on Sempra's business.