© Reuters. FILE PHOTO: Electric power transmission pylon miniatures and Sempra Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo - Utility Sempra on Thursday topped estimates for quarterly profit on strength in its energy infrastructure business, but sharply lowered its full-year earnings forecast.
The segment got a boost from increasing global interest in lower emissions fuels, which have received a push under Biden's Inflation Reduction Act that provides incentives and credits for such projects.
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