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Sempra Energy’s Earnings Plummet

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 […]

November 8, 2021|

SoCalGas Reaches Aliso Canyon Settlement

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 […]

September 28, 2021|

The Buzz

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.

While utility leaders sing the praises […]

February 25, 2021|
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