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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (36719)	2/24/2010 9:32:04 AM
From: E_K_S	Read Replies (1) of 78782

Hi Spekulatius - It looks like SRE has decided where to deploy part of that $850 million capital from their trading division. $300 million to EP for their Mexican Pipeline Assets. Sempra Pipelines & Storage Agrees to Acquire Mexican Pipeline Assets finance.yahoo.com From the article:"..."This acquisition expands our scale and geographic footprint in one of the strongest growth regions in Mexico, while providing entry into the emerging propane pipeline business," said George S. Liparidis, president and chief executive officer of Sempra Pipelines & Storage. "These pipeline assets are backed almost entirely by long-term contracts and have a history of delivering solid, predictable revenue streams; allowing us to build a stronger platform for growth in the country." The pipeline and natural gas infrastructure assets being acquired are supported by customer contracts with an average duration of 13 years. The acquisition is expected to be accretive to Sempra Energy's earnings by $0.05 in 2010 and $0.10 in 2011....". ================================================================== I wonder if there are any plans to ever spin off the Sempra Pipelines & Storage business to the SRE shareholders? This might make up for the lost revenues from the energy trading division. EKS

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