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Thursday, Mar 28, 2024
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Sempra Settles Lawsuit

Sempra Energy has settled a lawsuit brought by the California Public Utilities Commission and state Attorney General Bill Lockyer related to service curtailments of certain industrial San Diego Gas & Electric natural gas customers in 2000-2001.

Both the company and the government announced the settlement Oct. 13.

Sempra said the after-tax cost of the settlement is less than $5 million and the settlement will not have a material effect on the company’s 2006 earnings.

The settlement requires Sempra to pay $5.7 million to SDG & E; customers over two years. The utilities also agreed to pay the state $2 million to offset legal costs.

Additionally, SDG & E; will be given an option to purchase Sempra Generation’s 480-megawatt El Dorado Energy power plant in Boulder City, Nev.

The settlement also ends two other utilities commission investigations.

As part of the settlement, Sempra Energy and its utilities deny any wrongdoing.

, Brad Graves

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