Sempra Energy backtracked on plans to form a master-limited partnership that would own stakes in its natural gas and renewable energy assets amid a sell-off in the investment vehicles.
"Current market conditions are not ideal and we will not go forward at this time," Chief Executive Officer Debra Reed said on Tuesday during a conference call with investors. The company will re-evaluate the prospects for creating a tax-advantaged partnership in the "middle of next year," she added.
