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Officials of Sempra Energy, and its subsidiary, San Diego Gas & Electric (SDG&E), endorse the decision of federal regulators to formally investigate the structure of California's electricity market and the cause of high electricity prices charged to Californians.
Sempra Energy Trading, a subsidiary of Sempra Energy, formed an alliance with MEG Marketing LLC, an energy marketer. The alliance, MEG Marketing, Atlanta, will sell natural gas, electricity, crude oil and energy-related products and services in the eastern and southern regions of the United States.
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 g