Like California’s other two investor-owned utilities and parent companies, Sempra Energy’s latest earnings also were in the red, not from wildfire liability but from the huge methane leak at subsidiary SoCalGas’ Aliso Canyon storage field. A $1.13 billion settlement that includes most of the plaintiffs resulted in a loss for Sempra of $651 […]
Southern California Gas has proposed a $1.8 billion settlement to resolve thousands of lawsuits filed by San Fernando Valley victims of the gas company’s massive, months-long methane leak from its Aliso Canyon Storage Field in 2015 and 2016. The agreement, announced Sept. 27, was reached with lawyers who represent 80% of the nearly 36,000 […]
Warnings about diminished hydropower because of the ongoing drought in California become a reality. On Thursday, a state official announces the shutdown of the 750 MWHyatt Powerplant because of the lack of flow from Oroville Lake to feed it.
The 2020 and quarterly earnings of the parent corporations of the four investor-owned utilities are a mixed bag. Annual net income for Edison International and PG&E Corp. drops while fourth quarter earnings rise. Sempra Energy’s reported income goes the opposite direction.