Sempra pegs exposure to market turmoil under $20M

By Associated Press
September 16, 2008 | Comments (0)

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Energy services holding company Sempra Energy said Tuesday its total exposure to financial sector turmoil sparked by Lehman Brothers' bankruptcy filing and troubles at American International Group Inc. and Constellation Energy is less than $20 million.

The estimate includes Sempra's share of the joint-venture commodities business.

The company's shares fell $3.38, or 6 percent, to close at $53.04. The stock earlier hit a new year low of $43.35. It has traded in a 52-week range of $48.58 to $64.21.

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