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Stock Market & Financial Investment News

News Breaks
March 26, 2014
10:25 EDTSRE, SRE, SRESempra Energy to host analyst meeting
Analyst meeting to be held in San Diego on March 27 at 11 am. Webcast Link
News For SRE From The Last 14 Days
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June 16, 2015
16:08 EDTSRESempra Energy to pursue the formation of Sempra Partners MLP
Sempra Energy announced that its board of directors has authorized the company to pursue the formation and initial public offering of a publicly traded partnership to be called Sempra Partners, LP, expected to be listed on the New York Stock Exchange under the ticker symbol "SREP." Sempra Energy has received its private letter ruling from the IRS related to the formation of its master limited partnership and would expect to form Sempra Partners as an MLP. Sempra Partners will own assets and interests producing MLP-qualifying income, including dividends from a corporate subsidiary. Initially, the MLP is expected to own one or more of the following assets: an interest in a U.S. entity with contracts related to deliveries of liquefied natural gas at the Energia Costa Azul regasification facility; interests in certain of Sempra Energy's contracted renewable energy projects; or other assets with attributes attractive for inclusion in Sempra Partners. Sempra Energy expects to grant Sempra Partners a right of first offer on certain LNG-related infrastructure projects, including Sempra Energy's 50% interest in the first three trains of the Cameron natural gas liquefaction terminal and Sempra Energy's 100% interest in Cameron Interstate Pipeline, as well as Sempra Energy's interests in certain contracted wind and solar projects. Sempra Energy expects Sempra Partners to file a registration statement with the SEC in 2H. Upon completion of the initial public offering, Sempra Energy expects to own the general partner of Sempra Partners, all of its incentive distribution rights, a portion of its common units and all of its subordinated units.

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