Sempra Energy is reworking $2.7 billion in three-year revolving loans at subsidiaries Sempra Global, San Diego Gas & Electric and Southern California Gas Co. Sempra Global maintains some $2 billion in debt lines and plans are for the company to consolidate the facilities and upsize the total capacity to about $2.2 billion. At the same time, Sempra will combine its gas and electric utility revolvers into an approximately $500 million credit line, said watchers involved with the holding companies' financing plans. Citigroup and JPMorgan are said to be arranging the debt package and are pitching a five-year revolver for Sempra Global at pricing of LIBOR plus 55 basis points fully drawn. Calls to Charles McMonagle, treasurer at Sempra in San Diego, were directed to spokesman Doug Kline, who declined comment. Officials at Citi and JPMorgan did not return calls requesting comment.