Diego

San Diego-based Sempra Energy, which two years ago appeared to have a profitable niche selling energy services to large commercial/industrial customers, is looking to sell off that part of its nonutility businesses unless there is turnaround by the end of this year, Sempra CEO Steve Baum told the Deutsche Bank Electric Power Conference in New York City Tuesday.

A unit in San Diego, CA-based Sempra Energy Wednesday announced an open season running through June 21 for its developing Pine Prairie salt dome natural gas storage project in Evangeline Parish, LA, which is expected to be connected to 11 gas pipelines. The new facility is currently scheduled to begin commercial operations the fourth quarter of next year, near Henry Hub, the nation’s largest natural gas trading center.

A unit in San Diego, CA-based Sempra Energy Wednesday announced an open season running through June 21 for its developing Pine Prairie salt dome natural gas storage project in Evangeline Parish, LA, which is expected to be connected to 11 gas pipelines. The new facility is currently scheduled to begin commercial operations the fourth quarter of next year, near Henry Hub, the nation’s largest natural gas trading center.

For both price and diversity reasons, coal-fired electric generation plants are destined to remain a key part of San Diego-based Sempra Energy’s future, although the company’s experience and history are deeply rooted in natural gas.

For both price and diversity reasons, coal-fired electric generation plants are destined to remain a key part of San Diego-based Sempra Energy’s future, although the company’s experience and history are deeply rooted in natural gas.

One of Sempra Energy’s two major California utilities, San Diego Gas and Electric Co., on Thursday announced it has reached a settlement in its pending cost-of-service rate case with the independent consumer unit of the California Public Utilities Commission.

With hints of increasing earnings projections for the full year next month, San Diego-based Sempra Energy’s CEO Steve Baum told a Wall Street audience last Wednesday that Sempra has carved out a major role in both natural gas and liquefied natural gas (LNG) marketing. Separately, on its electric side, Sempra is trying to start discussions for a global settlement with California officials regarding a long-term power supply contract with the state Department of Water Resources (DWR) and related litigation stemming from the state’s 2000-2001 energy crisis.

With hints of increasing earnings projections for the full year next month, San Diego-based Sempra Energy’s CEO Steve Baum told a Wall Street audience Wednesday that Sempra has carved out a major role in both natural gas and liquefied natural gas (LNG) marketing. Separately, on its electric side, Sempra is trying to start discussions for a global settlement with California officials regarding a long-term power supply contract with the state Department of Water Resources (DWR) and related litigation stemming from the state’s 2000-2001 energy crisis.

FERC staff on Friday moved to clear San Diego Gas & Electric Co. (SDG&E) and Aquila Merchant Services Inc. of charges that they tried to manipulate California’s electricity markets in 2000-2001. Meanwhile, bankrupt Mirant Corp. disclosed it is closing in on finalizing its own settlement with FERC staff aimed at resolving gaming allegations levied against the generator.