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Sempra Energy to sell U.S. storage, renewable energy assets

Staff Writer |
Sempra Energy said it plans to sell some of its natural gas storage and renewable energy assets and expects to record a charge between $1.47 billion and $1.55 billion during the second quarter.

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The assets being sold include two of Sempra's natural gas storage hubs in Mississippi and Alabama, as well as all of its wind and solar assets in the United States.

Sempra said the plan to sell the assets resulted from a recent strategic review and added it would continue to evaluate the strategic fit of its remaining businesses.

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