The rich emerging from California’s tattered energy market may get richer later this year if California state regulators agree with an administrative law judge’s recommendation to reward Sempra Energy’s Southern California Gas Co. utility nearly $31 million for its gas-buying successes in 2001 that saved consumers an estimated $224 million in avoided wholesale costs for natural gas at a time when prices were skyrocketing.
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SoCalGas Recommended for $31 Million Reward for Past Supply Buying
The rich emerging from California’s tattered energy market may get richer later this year if California state regulators agree with an administrative law judge’s recommendation to reward Sempra Energy’s Southern California Gas Co. utility nearly $31 million for its gas-buying successes in 2001 that saved consumers an estimated $224 million in avoided wholesale costs for natural gas at a time when prices were skyrocketing.
July 8, 2003
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