Sempra, PS&G expand Latin presence:
Chilquinta SA of Chile entered into an agreement to sell Chilquinta Energia SA, an electric and natural gas distribution company with operations in Chile, Argentina and Peru, to Sempra Energy and Public Service Enterprise Group in a transaction valued at $830 million. Sempra Energy and PSEG will acquire 90 percent of the shares of Chilquinta Energia and will make a tender offer to acquire the remaining 10 percent of the shares from other shareholders in Chile. Sempra Energy already has natural gas investments in Argentina, Mexico and Uruguay. PSEG has electric distribution operations in Brazil and Argentina.