Sempra Energy’s Net Income Falls by 7 Percent

CNBC reported that Sempra Energy’s third quarter net income fell by 7 percent.

As quoted in the market report:

The company’s natural gas business posted a loss of $68 million, largely as a result of the $60 million charge related to the Rockies Express Pipeline. Kinder Morgan is in the process of selling its 50 percent stake in the pipeline, which led to the release of information about the pipeline’s current fair value.

To view the whole CNBC report, click here.