The Public Services Company will sell some energy infrastructure assets in Mexico and a minority participation in Sempra Infrastructure to finance its five -year capital expenditure plan of 56,000 million dollars, the company announced Monday.
In February, Sempra had planned a five -year capital plan for about 56,000 million dollars, an increase of 16% compared to its previous plan, with more than 90% of the capital expenses planned focused on investments in public services regulated in Texas and California.
Jeffrey Martin, executive president of the firm, said: “These actions are designed to advance the broader effort of our company to simplify the business and minimize the dependence of future ordinary capital emissions to finance the capital plan to five years of the company.”
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Sempra plans to sell eco -Mexico
Sempra plans to sell Ecogas Mexico, which has three public services franchises and distributes natural gas to more than 600,000 residential, commercial and industrial consumers in the Mexican regions of Mexicali, Chihuahua and La Laguna-Durango.
The company, based in San Diego, California, also plans to sell a minority participation in Sempra Infrastructure, which has liquefied natural gas assets (LNG) and related infrastructure of gas pipelines and storage.
Sempra previously sold a 20% participation in the unit to Kohlberg Kravis Roberts & Co. for about 16.9 billion dollars in 2021 and a 10% participation to Abu Dhabi Investment Authority for about 17.9 billion dollars in 2022.
The transactions announced on Monday are expected to be completed in the next 12 to 18 months.
With Reuters information.
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