September 16, 2008
Sempra Energy Confirms No Significant Exposure to Wall Street Financial Problems
In view of the ongoing disruptions in the financial markets associated with the bankruptcy of Lehman Brothers Holdings Inc. and the publicly reported financial difficulties of American International Group Inc. and Constellation Energy, Sempra Energy (NYSE: SRE) today announced that the company's total exposure -- including its share of the joint-venture commodities business -- is expected to be less than $20 million.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2007 revenues of more than $11 billion. The Sempra Energy companies' 13,500 employees serve more than 29 million consumers worldwide.
RBS Sempra Commodities is not the same company as the utility, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and RBS Sempra Commodities is not regulated by the California Public Utilities Commission.
Media Contact: Doug Kline Sempra Energy (877) 866-2066 www.sempra.com Financial Contact: Glen Donovan Sempra Energy (877) 736-7727 Email Contact
SOURCE: Sempra Energy