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Sempra to Sell Power Plant Block - Analyst Blog
12/27/2012 11:00:00 AM
Sempra U.S. Gas & Power, a subsidiary of
), has entered into a definitive agreement to sell one
625-megawatt (MW) block of its 1,250 MW Mesquite Power natural
gas-fired power plant to the Salt River Project (SRP)
Agricultural Improvement and Power District for $371 million.
Sempra U.S. Gas & Power develops clean power solutions in markets throughout the U.S. with a focus on zero and low-emission fuels. The company operates a number of renewable and natural gas-fueled power plants, including the largest photovoltaic solar facility in the U.S. Its natural gas and renewable plants combined generate power for nearly 1 million homes and businesses. Sempra U.S. Gas & Power also operates 23 billion cubic feet of natural gas storage, along with natural gas pipelines and distribution utilities.
Recently, in October, Sempra Energy was awarded two bids by
Comisión Federal Electricidad ("CFE"), Mexico's state-owned
electric utility, to construct a $1 billion natural gas pipeline
network in northwestern Mexico. The new pipeline will be
comprised of two segments that will interconnect with the U.S.
interstate pipeline system and provide natural gas to existing
CFE power plants. The capacity for each segment is fully
contracted by the CFE for a 25-year term. The first pipeline is
expected to begin operations in late 2014.
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