Sempra to Sell Assets as Utilities Raise Money for AI Boom
US energy company Sempra is planning to sell some natural gas assets as utilities rush to raise capital ahead of an expected boom for electricity demand.
In a bid to “simplify the company’s portfolio” and support strong growth for its Texas and California utilities, Sempra intends to divest a Mexican fuel distributor and sell a minority stake in its liquefied natural gas business, Sempra Infrastructure Partners, according to a statement Monday.