San Diego – September 11, 2026 -- Sempra (NYSE: SRE) rang the opening bell at the New York Stock Exchange as Chairman and CEO Jeffrey W. Martin and the company's board marked a strategic pivot toward regulated U.S. utility growth backed by a $65 billion capital plan.
Sempra directs 95% of its $65 billion capital plan toward regulated utilities
The company confirmed that approximately 95% of its record capital program will flow into regulated utility assets, paired with a capital recycling initiative intended to fund growth while strengthening Sempra's balance sheet. Martin said the strategy positions Sempra to invest in energy infrastructure serving nearly 40 million consumers.
Sempra targets 95% of earnings from regulated U.S. utilities by 2027
Under its 2026 value creation initiatives, Sempra aims to generate roughly 95% of company earnings from regulated U.S. utilities in 2027. The company also plans to have more than 60% of its rate base located in Texas through the remainder of the decade.
Martin links grid expansion to AI-driven demand growth
Martin said domestic manufacturing, infrastructure investment and AI-related technology adoption will drive U.S. economic growth over the next decade, adding that modernizing and expanding the energy grid is central to meeting that demand. Sempra operates one of the largest energy networks on the continent, with electrification and resilience projects concentrated in California and Texas, the two largest state economies in the U.S.