Following through on a trend that began several years ago, San Diego-based Sempra Energy announced Monday it agreed to sell its energy services group to Honeywell Building Solutions, a business unit of Honeywell. No terms were disclosed for the transaction that involved Sempra Generation, which said the deal should be completed "early in the second quarter of 2006."
Moved under a reconfigured generation unit last year, Sempra's energy services group provides energy-performance contracting solutions for federal, state and local government facilities, hospitals and health care facilities, colleges/universities and other commercial entities. Sempra promoted these services as potentially enabling customers to "lower their energy and operating expenses by improving efficiencies or generating alternative power."
With offices in Albany, NY, Los Angeles and Houston, Sempra's energy services group also designs, develops and manages the construction of energy efficient facilities.
"This sale completes two objectives for Sempra Generation," said Michael Niggli, the generation unit's president. "It puts our energy-services business under the auspices of a well respected, international company that specializes in performance contracting, and allows [us] to concentrate on the efficient operation of existing power plant assets."
Honeywell Building Solutions, part of $28 billion diversified Honeywell International, bills itself as a global provider of integrated building management and control systems. It helps organizations conserve energy, optimize facility operations/equipment and improve security.
The parent company for Honeywell is headquartered in Morris Township, NJ, operating as a technology and manufacturing company serving customers worldwide in aerospace; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.
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