Sempra to Sell Assets as Utilities Raise Money for AI Boom (3)

US energy company Sempra is planning to sell some natural gas assets as utilities rush to raise capital ahead of an expected boom for electricity demand.

In a bid to “simplify the company’s portfolio” and support strong growth for its Texas and California utilities, Sempra intends to divest a Mexican fuel distributor and sell a minority stake in its liquefied natural gas business, Sempra Infrastructure Partners, according to a statement Monday.

The move comes as US power companies seek to raise capital to build and fortify energy infrastructure. Demand is expected to surge in coming years as new data centers ...