Sempra Energy provides earnings outlook at 2010 financial analyst conference

Media Contact:
Doug Kline

Financial Contact:
Glen Donovan

Sempra Energy

Sempra Energy

(877) 866-2066

(877) 736-7727


        SAN DIEGO, March 25, 2010 – Sempra Energy (NYSE: SRE) updated its earnings outlook in advance of its financial analyst conference today in San Diego.

        The company reaffirmed earnings-per-share guidance for 2010 of $4.25 to $4.50 and, for 2011, of $4.35 to $4.65.  For 2014, the company set an earnings-per-share target of $5.10 to $5.40. 

        During a live webcast at 12 p.m. EDT today, Donald E. Felsinger, chairman and chief executive officer of Sempra Energy, and other key executives will provide an update on Sempra Energy’s strategic plan. 

        At the conference, Sempra Energy officials also will detail the company’s capital-expenditure plan and forecasted earnings by business unit.  From 2010 through 2014, the company expects annual capital expenditures and investments to average approximately $2.9 billion.

        Internet users may listen to the live webcast at by clicking on the “Investor” section and also find conference presentation slides at the same location.  A replay of the conference will be available on the site 24 hours after the conference.

        Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2009 revenues of more than $8 billion.  The Sempra Energy companies’ 13,800 employees serve more than 29 million consumers worldwide.

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,” “estimates,” “may,” “would,” ”could,” “should,” or similar expressions, or discussions of strategies, plans 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 by the California Public Utilities Commission, California State Legislature, California Department of Water Resources, Federal Energy Regulatory Commission, Federal Reserve Board,  and other regulatory and governmental bodies in the United States and other countries where the company does business; capital market conditions and inflation, interest and exchange rates; energy and trading markets, including the timing and extent of changes and volatility in commodity prices; the availability of electric power, natural gas and liquefied natural gas; weather conditions and conservation efforts; war and terrorist attacks; business, regulatory, environmental and legal decisions and requirements; the status of deregulation of retail natural gas and electricity delivery; the timing and success of business development efforts; 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 without charge at the SEC’s Web site, and on the company’s Web site, at