Sempra Energy Pension Plan

Sempra Energy Pension Plan

The Sempra Energy Pension Plan operates as the defined-benefit and defined-contribution retirement vehicle for employees of Sempra, the San Diego-headquartered energy infrastructure company that owns utilities in California and Texas and develops liquefied natural gas export facilities. Carina Coleman serves as Director of Pension and Trust Investments, reporting into a finance leadership chain that includes CFO Karen Sedgwick and Treasurer Patrick Billings. The plan provides 401(k) savings and monthly pension payments to participants. Coleman's investment remit spans public and private markets, with public commitments tagged to real estate, energy transition, and infrastructure — asset classes that mirror the parent company's operational corridors. The plan maintains a Global Real Estate Investment Portfolio holding mixed-use assets, alongside a Nuclear Decommissioning Trust managed out of San Diego. No specific deal-level disclosures or named co-investment partners were identified in primary sources. The investment team operates within Sempra's corporate treasury, with Pension and Benefits Committee oversight from member Peter R. Wall. Jeffrey W. Martin, Sempra's Chairman and CEO, sets the broader capital-allocation framework, while the Sempra Foundation channels corporate philanthropy. The plan's association memberships extend to the American Petroleum Institute through Martin's board service. No separate investment office or spin-out entity is disclosed. The plan's primary structural differentiator rests in its dual mandate: corporate pension obligations alongside a Nuclear Decommissioning Trust — an asset pool purpose-built for long-horizon liability matching that few similarly sized corporate plans carry. This pairing creates a natural allocation toward infrastructure and real assets that aligns with the sponsor's own energy-transition footprint. Succession for the investment function remains tied to the corporate treasury leadership pipeline.