Sempra to sell Mexican natural gas business to fund transmission expansion in Texas

Emma Penrod | Source: Utility DIVE | Posted 05/12/2025

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The Electric Reliability Council of Texas anticipates a need for $32 billion to $35 billion in new transmission to serve a projected 150 GW peak load by 2030, and Texas-based electric distributor Oncor is “well-positioned to construct a significant portion of the required transmission infrastructure,”

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Sempra is set to sell its Mexican natural gas business, Ecogas Mexico, along with a minority stake in its development arm, Sempra Infrastructure, to finance a significant expansion of its energy infrastructure in Texas. The company plans to invest $13 billion this year, with $10 billion allocated for projects in the United States. This strategic move comes after Sempra's disappointing earnings projections earlier this year, prompting a shift towards focusing on regulated utilities.

With a growing demand for electricity in Texas, Sempra's subsidiaries are experiencing a surge in customer requests, particularly from data centers and industrial sectors. The Electric Reliability Council of Texas estimates a need for $32 billion to $35 billion in new transmission infrastructure by 2030. Sempra's Oncor, which holds an 80% stake, is well-positioned to meet this demand, having already engaged in significant projects like the Permian transmission initiative. The sale of Ecogas and Sempra Infrastructure is expected to enhance the efficiency of capital expenditures and stabilize the company's earnings by increasing its reliance on regulated utilities.

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Source Link: https://www.utilitydive.com/news/sempra-earnings-mexican-natural-gas-oncor-transmission/747618/

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Sempra to sell Mexican natural gas business to fund transmission expansion in Texas

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