Diego

Sempra Changes Board, Drops Rights Plan

Along with affirming its previously announced new senior management team with CEO Steve Baum’s retirement next month, San Diego-based Sempra Energy’s board of directors last Wednesday also proposed changes in its corporate governance by terminating its shareholders’ rights plan and proposing to make directors subject to an annual vote.

December 12, 2005

Settlement Talks Continue as Pre-Trial Hearings are Planned in Sempra Lawsuit

California Superior Court Judge Ronald Prager in San Diego held a status conference last week in a multi-billion-dollar class action lawsuit against Sempra Energy regarding its role in wholesale natural gas price spikes in 1996. Sempra CEO Stephen Baum told analysts on Tuesday that the judge has laid out an ambitious timeline for the upcoming trial as settlement talks continue among the parties.

August 4, 2005

Court Sides With California Utilities in FERC Cost Recovery Case

FERC made the wrong call in disallowing tariff provisions proposed by Southern California Edison, Pacific Gas & Electric (PG&E) and San Diego Gas & Electric (SDG&E), the U.S. Court of Appeals for the District of Columbia Circuit ruled last Tuesday. The utilities had offered a rate designed to recover from two classes of customers cost differentials from additional expenses arising out of the formation and maintenance of the California Independent system Operator (CAISO).

July 18, 2005

Gas-Dominant Sempra Views Coal-Fired Generation as Hedge

Despite billions of dollars of current and future natural gas projects, San Diego-based Sempra Energy expressed a new appreciation for coal last week in responding to newly organized local opposition to its very early plans to develop a major coal-fired power plant 100 miles north of Reno, NV. It is a “strategic” location with access to serving load centers in California, the Pacific Northwest and Nevada, a corporate spokesperson told NGI/Power Market Today on Thursday.

April 25, 2005

Sempra Asks FERC to Okay Plans for Louisiana Gas Storage

San Diego-based Sempra Energy on Good Friday filed with FERC for a permit to build and operate its proposed 17 Bcf Liberty natural gas storage facility in Louisiana, part of its growing network of liquefied natural gas (LNG) and related pipeline and storage projects on the Gulf and West coasts. Sempra would like to have the storage field in Calcasieu Parish, LA, operating in the second quarter next year.

April 4, 2005

Sempra Asks FERC to Okay Plans for Louisiana Gas Storage

San Diego-based Sempra Energy on Good Friday filed with FERC for a permit to build and operate its proposed 17 Bcf Liberty natural gas storage facility in Louisiana, part of its growing network of liquefied natural gas (LNG) and related pipeline and storage projects on the Gulf and West coasts. Sempra would like to have the storage field in Calcasieu Parish, LA, operating in the second quarter next year.

March 29, 2005

Sempra’s Proposed Port Arthur Pipeline Holds Open Season

A unit of San Diego-based Sempra Energy, Port Arthur Pipeline LP, launched an open season to seek market interest in capacity on its proposed pipeline project that is scheduled to be operational in the 2008-09 winter heating season in conjunction with Sempra’s Gulf Coast LNG terminals starting commercial operations.

February 28, 2005

Sempra’s Proposed Port Arthur Pipeline Holds Open Season

A unit of San Diego-based Sempra Energy, Port Arthur Pipeline, L.P., Friday launched an open season to seek market interest in capacity on its proposed pipeline project that is scheduled to be operational in the 2008-09 winter heating season in conjunction with Sempra’s Gulf Coast LNG terminals starting commercial operations.

February 23, 2005

Sempra Puts Alaska LNG in Long-Range ‘Options’

A San Diego-based spokesperson for Sempra Energy Thursday qualified remarks the company’s top liquefied natural gas (LNG) executive made at the Cambridge Energy Research Associates’ CERAWeek conference in Houston a day earlier regarding the company’s possible pursuit of LNG supplies from Alaska. Sempra has no specific plans regarding Alaskan LNG, other than listing it as one of its possible future sources of gas in the post-2010 time frame, the spokesperson said.

February 21, 2005

Sempra Puts Alaska LNG in Long-Range ‘Options’

A San Diego-based spokesperson for Sempra Energy Thursday qualified remarks the company’s top liquefied natural gas (LNG) executive made at the Cambridge Energy Research Associates’ CERAWeek conference in Houston a day earlier regarding the company’s possible pursuit of LNG supplies from Alaska. Sempra has no specific plans regarding Alaskan LNG, other than listing it as one of its possible future sources of gas in the post-2010 time frame, the spokesperson said.

February 18, 2005
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