Sempra U.S. Gas & Power Dedicates Arizona Solar Project
Mesquite Solar 1 Ranks Among Largest Photovoltaic Solar Plants in U.S.
May 10, 2013
ARLINGTON, Ariz., May 10, 2013 /PRNewswire/ -- Arizona Secretary of State Ken Bennett, Maricopa County Supervisor Mary Rose Wilcox and Buckeye Mayor Jackie Meck today joined Sempra U.S. Gas & Power officials and community leaders to dedicate the 150-megawatt (MW) first phase of Sempra U.S. Gas & Power's Mesquite Solar facility.
Located in Arlington, Ariz., about 40 miles west of Phoenix, Mesquite Solar 1 is part of Sempra U.S. Gas & Power's massive 4,000-acre Mesquite Solar complex, with the potential to build out up to 700 MW of capacity. The Mesquite Solar Complex is well-positioned to be North America's largest photovoltaic (PV) solar power installation.
"Mesquite Solar 1 represents a major step forward for the state of Arizona as we continue down the path toward our goal of establishing ourselves as the nation's leader in solar generation," said Bennett. "Sempra U.S. Gas and Power has demonstrated remarkable leadership with this project, and we look to continue working together to fully build-out the Mesquite Solar Complex."
"This is a shining moment for the state of Arizona as it continues to establish itself as a renewable energy leader," said Kevin C. Sagara, vice president of renewables for Sempra U.S. Gas & Power. "There is so much to be proud of here. Our project would not have been possible without all the tremendous support we received at the federal, state and local level."
Construction on Mesquite Solar 1 began in June 2011. The solar project provided a boost to the local economy by creating more than 500 local construction jobs at peak along with 10 long-term positions. The landmark solar plant was completed in December 2012 and now generates enough emission-free electricity for about 56,000 homes.
The renewable power from Mesquite Solar 1 is sold to Pacific Gas & Electric under a 20-year contract.
Completion of Mesquite Solar 1 brings Sempra U.S. Gas & Power's operating solar portfolio up to 300 MW. The company has another 308 MW under construction at its Copper Mountain Solar 2 and Copper Mountain Solar 3 facilities in Boulder City, Nev.
Sempra U.S. Gas & Power, LLC is a leading developer of renewable energy and natural gas solutions. The company operates solar, wind and natural gas power plants that generate enough electricity for nearly 1 million homes, along with natural gas storage, pipelines and distribution utilities. The company is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company with 2012 revenues of approximately $10 billion. The Sempra Energy companies' nearly 17,000 employees serve more than 31 million consumers worldwide. For more information, visit www.SempraUSGP.com.
This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like "believes," "expects," "anticipates," "intends," "plans," "forecasts," "estimates," "may," "will," "would," "could," "should," "potential," "target," "outlook," "depends," "pursue" or similar expressions, or discussions of guidance, strategies, plans, goals, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are necessarily based upon various 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 and the timing of actions by the California Public Utilities Commission, California State Legislature, Federal Energy Regulatory Commission, U.S. Department of Energy, Nuclear Regulatory Commission, California Energy Commission, California Air Resources Board, and other regulatory, governmental and environmental bodies in the United States and other countries where the company does business; capital market conditions, including the availability of credit and the liquidity of investments; inflation, interest and exchange rates; the impact of benchmark interest rates, generally Moody's A-rated utility bond yields, on the California utilities' cost of capital; the timing and success of business development efforts and construction, maintenance and capital projects, including risks inherent in the ability to obtain, and the timing of the granting of, permits, licenses, certificates and other authorizations; energy markets, including the timing and extent of changes and volatility in commodity prices; the availability of electric power, natural gas and liquefied natural gas, including disruptions caused by failures in the North American transmission grid, pipeline explosions and equipment failures; weather conditions, natural disasters, catastrophic accidents, and conservation efforts; risks inherent in nuclear power generation and radioactive materials storage, including catastrophic release of such materials, the disallowance of the recovery of the investment in, or operating costs of, the generation facility due to an extended outage, and increased regulatory oversight; risks posed by decisions and actions of third parties who control the operations of investments in which the company does not have a controlling interest; wars, terrorist attacks and cyber security threats; business, regulatory, environmental and legal decisions and requirements; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of SDG&E's electric transmission and distribution system due to increased power supply from renewable energy sources; the impact on competitive customer rates of the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through our electric transmission and distribution system; the inability or determination not to enter into long-term supply and sales agreements or long-term firm capacity agreements; the resolution of litigation; and other uncertainties, all of which are difficult to predict and many of which are beyond the control of the company. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website at www.sempra.com.
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Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not the same companies as San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas) and Sempra International, LLC and Sempra U.S. Gas & Power, LLC are not regulated by the California Public Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
SOURCE Sempra U.S. Gas & Power