Sempra Energy completes acquisition of EnergySouth Inc.

San Diego, CA, Oct. 2, 2008 — Sempra Energy today announced the completion of its acquisition of Mobile, Ala.-based EnergySouth Inc. for $510 million in cash.
The acquisition was accomplished via a merger of a Sempra Energy subsidiary and EnergySouth. Sempra Energy’s Sempra Pipelines & Storage unit will operate the EnergySouth business as part of Sempra Pipelines & Storage’s existing operations.

The acquisition, which was announced in July, gives Sempra Energy a majority ownership in two large, high-cycle underground natural gas storage facilities that, when fully developed, will have a capacity of 57 billion cubic feet of natural gas.

As part of the transaction, Sempra Energy also acquired Mobile Gas Service Corp., an Alabama natural gas distribution utility owned by EnergySouth.

A substantial majority of EnergySouth shareholders approved the transaction yesterday. They will receive $61.50 per share. The transaction also has received all necessary regulatory approvals, including federal antitrust clearance under the Hart-Scott-Rodino Act.

Want to stay Current? Listen to Currents: The Energy News Podcast brought to you by Utility Automation & Engineering T&D and Electric Light & Power online. For a list of all available episodes, click here and start listening today. And for more news and exclusive features from Utility Automation & Engineering T&D and Electric Light & Power online, please click here.

Previous articleCoalition of nearly 700 organizations urges congress to act on renewable tax cuts as part of bailout legislation
Next articleAMSC ships superconductor wire for project hydra prototype power cable
The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at

No posts to display