# Sempra Energy Pension Plan

Sempra Energy Pension Plan is a Pension Fund based in San Diego, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** San Diego, United States
- **Region:** North America
- **Address:** San Diego, California, United States
- **Founded:** 1998
- **Assets under management:** $7.5 billion (per firm disclosure, date unspecified)
- **Website:** www.sempra.com/my-retirement-connection
- **LinkedIn:** https://www.linkedin.com/company/sempra

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Real Estate

## People

- Carina Coleman — Director, Pension and Trust Investments
- Jeffrey W. Martin — Chairman, CEO, and President of Sempra
- Karen Sedgwick — Executive Vice President and Chief Financial Officer
- Patrick Billings — Vice President and Treasurer
- Peter R. Wall — Member, Sempra Pension and Benefits Committee

## Questions

### Who runs investment decisions at Sempra Energy Pension Plan?

Carina Coleman, Director of Pension and Trust Investments, oversees the plan's $7.5 billion in retirement assets. She reports into Sempra's corporate finance leadership under CFO Karen Sedgwick and Treasurer Patrick Billings. The Pension and Benefits Committee — which includes member Peter R. Wall — provides governance and oversight.

### Is the pension managed externally or by an in-house team?

Investment management is handled in-house through Sempra's corporate treasury and benefits structure. Carina Coleman leads the dedicated pension and trust investments function. No third-party outsourced chief investment officer or external manager-of-managers is disclosed in primary materials.

### How is the Nuclear Decommissioning Trust structured relative to the main pension?

The Nuclear Decommissioning Trust is a separate asset pool managed out of San Diego, dedicated to funding the future decommissioning of Sempra's nuclear generating assets. It sits alongside the primary corporate pension plan within Coleman's investment oversight, creating a dual-asset mandate that is atypical for standard corporate plans.

## Related profiles

- [SEM Wealth Management](https://altss.com/profile/sem-wealth-management)
- [Seneca Holdings](https://altss.com/profile/seneca-holdings)

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Last updated: 2026-06-03T20:00:00.000Z

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