Sempra Generation finalizes sale of energy facilities management group

Jun 5, 2006

Media Contact:
Art Larson

Financial Contact:
Karen Sedgwick

Sempra Energy

Sempra Energy

(877) 866-2066

(877) 736-7727

www.sempra.com

investor@sempra.com

 

Media Contact:
Lance Ahearn

Media Contact:
Nader Nezam-Mafi

The Trigen Companies

Sowood Capital Management

(617) 482-8080 x 345

(713) 217-2726

www.Trigen.com

 

 

        SAN DIEGO, June 5, 2006 – Sempra Generation, a subsidiary of Sempra Energy (NYSE: SRE), has finalized the previously announced sale of its energy facilities management group to Thermal Western Holdings Inc., an affiliate of Thermal North America, Inc. (TNAI).  Terms of the sale were not disclosed and the transaction has no material impact on Sempra Energy’s earnings.

        The agreement was announced March 14, 2006.

        The sale transfers Sempra Generation’s facilities management organization, and the management of 30 million square feet of climate-controlled space and 77,000 tons of cooling capacity for office buildings, casinos, hotels, hospitals, condominiums and medical centers in Southern California and Nevada to TNAI.  

        Based in Boston, TNAI is a privately held company that owns the Trigen Companies, North America’s largest owner and operator of community energy systems.  The Trigen Companies currently supply electricity, steam and chilled water to government buildings, hospitals, universities and public housing complexes in New Jersey, Maryland, Massachusetts, Pennsylvania, Missouri and Oklahoma.

        The transaction involves about 100 employees and all those working at the Sempra Generation’s facilities management group affected by the sale have been offered positions with Trigen.

        Sempra Generation operates and maintains power generation facilities for competitive markets. 

        Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2005 revenues of $11.7 billion.  The Sempra Energy companies’ 14,000 employees serve more than 29 million consumers in the United States, Europe, Canada, Mexico, South America and Asia.

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Sempra Generation is not the same company as the utilities, SDG&E or SoCalGas, and is not regulated by the California Public Utilities Commission.