Sempra secures credit facility; raises earnings guidance
San Diego-based Sempra Energy is in the process of securing a two-year line of credit with "major financial institutions" that will provide as much as $1 billion. The line of credit, which will be secured by certain trading company assets, will be used to help finance Sempra Energy Trading's global operations, Sempra said in a statement yesterday.
Additionally, Sempra said that its joint acquisition with Carlyle/Riverstone of the Coleto Creek Power Station and nine other Texas power plants from American Electric Power is expected to be completed by the end of
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