We weren’t able to attend the Sempra Energy (NYSE:SRE) Analyst Day (slides available here), and so instead we were left eagerly anticipating the announcement of an MLP or YieldCo from our Dallas offices. While no S-1 was filed, SRE did announce that from 2015 to 2019, it is expecting an EPS CAGR of 11%. I’m not a Utility analyst, but even I know that an 11% CAGR is really high for a business that supposedly depends on rate cases. SRE is able to project double-digit annualized growth because of its US Gas & Power (USG&P) segment, which houses the company’s midstream energy infrastructure assets. That’s a business with which I am familiar.