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Sempra — Owner of SDG&E — Made $800 Million in Profits 2nd Quarter — While 1 in 5 of Their Customers Are Behind Average of $500 in Bills
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OB Rag — Grassroots and Progressive views on local, national and world news
Two things happened on last Thursday, August 6th, that affect you and your utility bill.
First, Sempra -- the company that owns SDG&E -- released its earnings report for the second quarter of 2026, from April thru June, and revealed it made nearly $800 million, a significant increase from the $460 million it earned during the same period last year. The earnings are Sempra’s consolidated profit across California, Texas and infrastructure businesses. SDG&) is a regulated subsidiary and owned utility of Sempra. SDG&E provides energy for 3.7 million people across San Diego and Southern Orange County.
While Sempra stock holders are reaping it in, San Diego utility customers are having a difficult time paying their bills. A March 2026 report from the Public Advocates Office at the California Public Utilities Commission found that nearly one in five San Diego Gas & Electric (SDG&E) customers is behind on their bills. The average past due balance for these customers is around $500, reports CBS8.