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Stock Market & Financial Investment News

News Breaks
February 26, 2013
13:23 EDTSRESempra Energy sees 9%-11% annual EPS growth through 2019
Sees at least 6%-8% adjusted EPS growth through 2019, entailing a 5-year $14.6B capital program. Sees upside to EPS guidance from numerous projects including Cameron liquefaction. Comments from presentation slides.
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May 17, 2013
10:13 EDTSRESempra Energy to host analyst meeting
Analyst meeting to be held in New York on May 23 at 1 pm. Webcast Link
May 16, 2013
16:18 EDTSRESempra in tolling capacity JV with GDF SUEZ, Mitsubishi, Mitsui
Sempra Energy, Mitsubishi Corporation and Mitsui,announced that they have signed 20-year tolling capacity and joint-venture agreements to support the development, financing and construction of a liquefied natural gas, LNG, export facility at the site of the Cameron LNG receipt terminal in Hackberry, La. The anticipated incremental investment, the majority of which will be project-financed, is estimated to be approximately $6B to $7B, excluding capitalized interest and other financing costs. The total cost of the facility, including the cost of the existing facilities plus interest during construction, financing costs and required reserves, is estimated to be approximately $9B to $10B.Construction is expected to start in 2014 with the first phase of liquefaction operations to commence in the second half of 2017. Full commercial operation of all three trains is expected in 2018.

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