Sempra

Sempra Energy’s substantial investments in U.S. liquefied natural gas (LNG) and Latin America are generating buzz on Wall Street, but the San Diego-based company is, at its core, a utility holding company, with the California units primed for growth, CEO Debra Reed said.

The pending $9.45 billion acquisition of the parent for Texas-based Oncor Electric Delivery Co. would help natural gas-focused Sempra Energy double down on its efforts to become a major player on the Gulf Coast, adding to liquefied natural gas (LNG) and Mexico opportunities, CEO Debra Reed said Monday.

In its latest move to expand a multi-billion-dollar stake in Mexico, San Diego-based Sempra Energy’s Mexican subsidiary, Infraestructura Energetica Nova SAB de CV (IEnova) acquired an additional 25% interest in the Los Ramones II Norte natural gas pipeline from Petróleos Mexicanos (Pemex) for $231 million, plus assumption of outstanding debt.

A revised financial structure for Sempra Energy’s proposed $9.45 billion purchase of the holding company of Oncor Electric Delivery Co. LLC was expected to be filed Thursday with Texas regulators.

Sempra Energy executives on Friday made it clear they are seeking 100% ownership of bankruptcy-bound Energy Future Holdings Corp. (EFH), and they are ready for any scrutiny of the mega-transaction by Texas regulators.

Natural gas-focused San Diego-based Sempra Energy made a late bid that allowed it to pluck off bankruptcy-bound Energy Future Holdings Corp. (EFH), the indirect owner of 80% of Texas-based Oncor Electric Delivery Co., for $9.45 billion in cash, topping one by Warren Buffett’s Berkshire Hathaway conglomerate.

The first liquefied natural gas (LNG) exports from Sempra Energy’s Cameron, LA, facility have been pushed to 2019 because of issues related to engineering, procurement and construction (EPC), executives said Friday.

In Congress’ recent start at re-examining the North American Free Trade Agreement (NAFTA), a senior executive from Sempra Energy testified that the much-debated 23-year-old trade deal has been good for the U.S. energy sector.

Units of liquefied natural gas (LNG) project partners Sempra Energy and Woodside Petroleum Ltd. on Thursday said they have a prospective Korean customer for their proposed export facility at Port Arthur, TX.