Sempra owns energy infrastructure across three platforms: San Diego Gas & Electric and SoCalGas serve tens of millions of Californians, a majority stake in Oncor runs the largest transmission and distribution network in fast-growing Texas, and Sempra Infrastructure develops liquefied natural gas export terminals on the Gulf Coast and in Mexico. Regulated utilities provide the steady, rate-based earnings typical of the sector, while the LNG business adds exposure to global gas demand. Grid investment for electrification drives its long capital plan.