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Sempra to sell Mexico energy assets, stake in infrastructure unit
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Sempra to sell Mexico energy assets, stake in infrastructure unit
Mar 31, 2025 5:02 AM

March 31 (Reuters) - Utility firm Sempra ( SRE ) will

sell some energy infrastructure assets in Mexico and a minority

stake in Sempra Infrastructure to fund its five-year capex plan

of $56 billion, it said on Monday.

In February, the company had forecast a five-year capital

plan of about $56 billion, a 16% increase from its prior plan,

with over 90% of projected capital expenditures focused on

regulated utility investments in Texas and California.

"These actions are designed to advance our company's broader

effort to simplify the business and minimize reliance on future

issuances of common equity to fund the company's five-year

capital plan," said CEO Jeffrey Martin.

The utility firm plans to sell Ecogas Mexico, which holds

three utility franchises and distributes natural gas to more

than 600,000 residential, commercial and industrial consumers in

Mexico's Mexicali, Chihuahua and La Laguna-Durango regions.

The San Diego, California-based company also plans to sell a

minority stake in Sempra Infrastructure, which has liquefied

natural gas (LNG) assets and related pipeline and storage

infrastructure.

Sempra ( SRE ) previously sold a 20% stake in the unit to Kohlberg

Kravis Roberts & Co. for about $16.9 billion in 2021 and a 10%

stake to the Abu Dhabi Investment Authority for about $17.9

billion in 2022.

The transactions announced on Monday are expected to be

completed over the next 12 to 18 months.

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