ENSTOR Gas entered into an agreement to acquire Bay Gas Storage Company Ltd. and Mississippi Hub, LLC from Sempra Energy (NYSE:SRE) for approximately $330 million on January 2, 2019. The purchase consideration is payable in cash and subject to adjustments for working capital. The gas storage assets included in the sale are the Mississippi Hub storage facility in Simpson County, Mississippi and the Bay Gas storage facility in Southwest Alabama. Sempra Energy's subsidiary currently owns approximately 91% of Bay Gas storage facility. Immediately prior to the sale, Sempra Energy's subsidiary will purchase the approximate 9% interest from a minority owner and include it in the sale. The transaction is subject to customary closing conditions and is expected to be completed in the first quarter 2019. Wells Fargo Securities LLC acted as financial advisor and Jeffrey Schlegel and Alexandra Wilde from Jones Day acted as legal advisor for Sempra Energy.