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BUSINESS
March 10, 2010 | By Marc Lifsher
Natural gas consumers could pay more than $1 billion to put radio-controlled smart meters on their homes, even though an agency judge has ruled that the proposal by Southern California Gas Co. is a money loser. The Los Angeles company, which serves 20.5 million people from south of Fresno to the Mexican border, says it needs the meters so customers can get up-to-the-minute information about how much natural gas they use to run furnaces, water heaters and stoves. "That gives customers a chance to adjust usage . . . such as putting on a sweater and tightly closing windows," said Michelle Mueller, vice president for customer operations at SoCalGas, a unit of Sempra Energy of San Diego.
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BUSINESS
March 31, 2014
The company: Sempra Energy Headquarters: San Diego Ticker: SRE Leadership: Debra L. Reed, chief executive since 2011 2013 revenue: $10.6 billion 2013 net income: $1 billion Stock price: $95.75 at Friday's close 52-week range: $77.49 to $97.48 P/E ratio: 21, based on estimated 2014 earnings Quarterly dividend: 66 cents a share, a current yield of 2.8%
BUSINESS
August 19, 2003 | From a Times Staff Writer
Sempra Energy, the San Diego-based parent of Southern California Gas and San Diego Gas & Electric, said it had received the necessary land-use and environmental permits from the Mexican government to begin construction on a liquefied natural gas terminal in Baja California. The $600-million facility would be the first LNG terminal on the West Coast and would send gas to the California market as well as fuel electricity-generating stations in Baja. Construction is to begin next year.
CALIFORNIA | LOCAL
September 13, 2000 | Rebecca Harris, (949) 248-2154
State Sen. Bill Morrow (R-Oceanside) today will discuss electric industry deregulation at a town hall meeting. Also on the panel are California Public Utilities Commissioner Carl Wood, Chris Tooker of the California Energy Commission, San Diego Gas & Electric vice president of distribution services Steve Davis and Ray Thompson, Republican policy consultant for energy, utilities and communications in Sacramento. The meeting is scheduled for 7 p.m.
BUSINESS
December 24, 2004 | From Bloomberg News
Dynegy Inc. and NRG Energy Inc. on Thursday won the California Energy Commission's approval to build two generators at an El Segundo power plant. The 630-megawatt expansion will replace two gas turbines that the companies shut down because they were too costly to operate, said David Byford, a Dynegy spokesman. The project will take four years to complete once construction begins, he said. "Before we begin construction, we would need to enter a long-term contract," Byford said.
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