Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-153425

Final Term Sheet

May 12, 2009

 

Issuer:		Sempra Energy
Security:		6.50% Notes due 2016
Aggregate Principal Amount Offered:		$750,000,000
Interest Payment Dates:		June 1 and December 1, commencing December 1, 2009
Coupon:		6.50%
Maturity:		June 1, 2016
Yield to Maturity:		6.539%
Spread to Benchmark Treasury:		+387.5 basis points
Benchmark Treasury:		2.625% due April 30, 2016
Benchmark Treasury Yield:		2.664%
Optional Redemption Provision:		At any time at a discount rate of Adjusted Treasury Rate + 50 basis points
Price to Public:		99.778%
Settlement Date:		May 15, 2009
CUSIP:		816851AN9
Anticipated Ratings:		Baa1 by Moody’s Investors Service BBB+ by Standard & Poor’s Ratings Services A by Fitch Ratings
Joint Book-Running Managers:		BNP Paribas Securities Corp. Citigroup Global Markets Inc. Deutsche Bank Securities Inc.
Co-Managers:		Mitsubishi UFJ Securities (USA), Inc. Wachovia Capital Markets, LLC The Williams Capital Group, L.P.

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. toll-free at 1-800-854-5674, by calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or by calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611.