Sempra Energy Pledges Up to $600,000 for Hurricane Katrina Relief Efforts

Sempra Energy and its employees have made a commitment to provide up to $600,000 in disaster-relief assistance to areas affected by Hurricane Katrina. The company's San Diego Gas & Electric and Southern California Gas Company subsidiaries are also offering electric recovery help and earth-moving equipment through a mutual-assistance program. This pledge includes a $10,000 sponsorship of a San Diego Clear Channel Radio's Storm Aid event, which will support the American Red Cross's hurricane relief efforts. Sempra Energy's chairman and CEO, Stephen L. Baum, stated that the company is pleased to lend a hand to the victims of this catastrophe and hopes that their assistance will accelerate their recovery efforts.

Key Takeaways:

Sempra Energy and its employees have pledged up to $600,000 for disaster-relief assistance in the wake of Hurricane Katrina.
The company's San Diego Gas & Electric and Southern California Gas Company subsidiaries are offering electric recovery help and earth-moving equipment through a mutual-assistance program.
The company is also sponsoring a $10,000 contribution to the American Red Cross's hurricane relief efforts through the San Diego Clear Channel Radio's Storm Aid event.
Sempra Energy's monetary pledge also includes a donation to the Louisiana Disaster Recovery Foundation, an organization that supports long-term family restoration and recovery.
The company's matching combined employee contributions up to $200,000 will be made to specific charitable organizations providing relief services throughout the region impacted by the disaster.
Organizations eligible for matching funds include: AmeriCares; the American Red Cross and International Relief Teams.
Sempra Energy's pledge reflects the company's commitment to supporting the victims of this catastrophe and accelerating their recovery efforts.

Statistics:

$600,000: Maximum amount pledged by Sempra Energy for disaster-relief assistance.
$10,000: Amount contributed by the company to the American Red Cross's hurricane relief efforts through the San Diego Clear Channel Radio's Storm Aid event.
$200,000: Combined employee contributions up to $200,000 made to specific charitable organizations providing relief services throughout the region impacted by the disaster.
13,000: Number of employees serving over 29 million consumers in the United States, Europe, Canada, Mexico, South America, and Asia.
$9.4 billion: Sempra Energy's 2004 revenues.
2005: Year in which the Comtex SmarTrend(SM) Alert indicated an UPTREND for SRE stock.

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