S.D. based Sempra Energy selling parts of company to Laclede Group Inc.
SAN DIEGO (KUSI) — The San Diego based company, Sempra Energy announced Tuesday it will be selling parts of its company to Laclede Group Inc.
Sempra Energy is selling the parent company of the Mobile Gas Service Corp. and Willmut Gas Oil Co. for about $323 million. The Laclede Group Inc. agreed to purchase EnergySouth Inc from Sempra U.S. Gas & Power. Sempra will retain EnergySouth’s Bay Gas Storage Company, Mississippi Hub, LLC Liberty Gas Storage or Southern Gas Transmission, according to the utility.
“After careful consideration of our natural gas assets, we have entered into this agreement to sell our two southeast utilities to Laclede. We believe we can productively redeploy the proceeds from the sale into long-term growth opportunities that meet our strategy,” Sempra U.S. Gas & Power President and CEO Patti Wagner said.
“Additionally, I want to thank each employee of Mobile Gas and Willmut Gas for their continued hard work and commitment in providing safe and reliable natural gas service to residential, commercial, and industrial customers in Alabama and Mississippi.”
Sempra U.S. Gas & Power Acquired EnergySouth in 2008 and Willmut Gas in 2012. Mobile Gas serves about 85,000 utility customers in southwest Alabama and Willmut Gas provides service to about 19,000 customers in Mississippi.