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Jeffrey Martin

Chairman, President & Chief Executive Officer, Sempra

Search every verified Jeffrey Martin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Jeffrey Martin, chairman and chief executive officer of Sempra, discussed the company’s revised 2025 guidance and long-term growth outlook during its fourth-quarter 2024 earnings call on February 25, 2025. He attributed the lowered 2025 guidance to several factors, including a California General Rate Case decision issued in late December that came in below the company’s planning assumptions, and a Federal Energy Regulatory Commission decision on December 31 that removed the CAISO adder from expected returns on California transmission assets. Martin also noted that Sempra had finalized a five-year plan with its board, which includes assumptions that Encore, its Texas utility, would file a comprehensive base rate review earlier than previously planned. Martin stated that Sempra could have maintained a 6–8% earnings growth rate but chose not to, as the company has raised its expectation of long-term earnings power. He said the company now believes its growth range is 7–9% and conservatively expects to produce 9% or higher through 2029, with growth disproportionately coming from Sempra Texas. He also mentioned that the executive team would attend multiple investor conferences in New York the following week.

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