SAN DIEGO, Jan. 7, 2005 (PRIMEZONE) -- Sempra Energy (NYSE:SRE) announced today that Sempra Energy Capital Trust I will redeem all of the 8 million outstanding shares of its 8.9-percent Cumulative Quarterly Income Preferred Securities, Series A (the "Series A QUIPS") on Feb. 23, 2005, at a redemption price of $25 per share, plus accumulated and unpaid distributions to the redemption date.
The Series A QUIPS are listed on the New York Stock Exchange under the ticker symbol, SRE PrA (CUSIP number is 81685Q 20 3).
Sempra Energy Capital Trust I is a subsidiary financing trust of Sempra Energy. Funds for the redemption of the Series A QUIPS will be provided by Sempra Energy's concurrent redemption of its 8.9-percent Subordinated Deferrable Interest Notes, Series A, due Feb. 23, 2030, held by the trust.
A notice of redemption is being sent to all registered holders of the Series A QUIPS. Copies of the notice of redemption may be obtained from The Bank of New York, the property trustee for the QUIPS, by calling The Bank of New York at (800) 254-2826.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2003 revenues of $7.9 billion. The Sempra Energy companies' 13,000 employees serve more than 10 million customers in the United States, Europe, Canada, Mexico, South America and Asia.