Sempra completes $10B infrastructure stake sale to KKR

Sempra has closed a $10 billion sale of a stake in its infrastructure unit to KKR, completing a transaction that frees up capital for the utility to redeploy toward growth and infrastructure investment in its key regions. The deal ranks among the larger private-capital commitments to energy infrastructure and gives KKR long-duration exposure to regulated utility assets. Sempra has framed the proceeds as funding for its capital program rather than debt reduction alone, though the company has not detailed the specific allocation. Investors will watch how quickly the proceeds are directed into rate-base growth and whether the partnership structure with KKR shapes future asset-level financing at the company.