Press release details

Sempra Energy Completes Common Stock Offering

Oct 14, 2003
Sempra Energy Completes Common Stock Offering SAN DIEGO, Oct. 14, 2003 - Sempra Energy today successfully completed its public offering of 16.5 million shares of common stock, including 1.5 million shares sold upon the exercise of the underwriters' overallotment option. The shares were offered at an initial price to the public of $28.00 per share.

Sempra Energy raised approximately $448 million of net proceeds from the offering, after underwriting discounts. The net proceeds will be used for general corporate purposes, including the repayment of short-term debt.

Citigroup, JP Morgan and Morgan Stanley acted as joint book-running managers for the offering.

Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2002 revenues of $6 billion. The Sempra Energy companies' 12,000 employees serve more than 9 million customers in the United States, Europe, Canada, Mexico, South America and Asia.

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*As of December 31, 2022. Numbers may be approximate.

**Project is under development or construction. The ability to complete major development and construction projects is subject to a number of risks and uncertainties.

Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, nor are they regulated by the California Public Utilities Commission (CPUC).

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