Sempra takes write-down on 2007 San Diego wildfire costs
"Under the accounting rules, we would have to take the impairment,"
But at the same time, Sempra executives said the
"We vehemently disagree" with the proposed decision, Reed said, and "it is something we will put through the court system if the commission does not rule in our favor."
The administrative law judges in August said SDG&E's management and control of leading up to the
The recommendation can be accepted, rejected or altered by the CPUC's five commissioners, who are scheduled to vote on the SDG&E request
If the CPUC votes in favor of the utility passing along
Sempra reported Monday that SDG&E recorded a net loss of
The 2007 wildfires killed two, destroyed more than 1,300 homes and forced tens of thousands to seek temporary shelter at
Critics of SDG&E have said the
But SDG&E has argued that
Sempra reported earnings of
Another focus of Monday's call centered on Sempra's biggest deal in its 19-year history -- a
Sempra's offer is before the
"Our concern should be to ensure that Oncor is not being permitted to hop from one frying pan into another or even just into a simmering pot,"
Reed said she was unfazed by the memo, saying, "I would expect commissioners and intervenors to be diligent." The
"It is an attractive offer by a financially stable company and Sempra has already gone out of its way to try to satisfy the conditions that Oncor and commission has asked for," said
Sempra executives also said Monday that recent hurricane activity in the
"The good thing is we're still going to report earnings of
Sempra also has plans to partner in the construction of an LNG facility in
Along with a slew of ambitious projects undertaken by IEnova, Sempra's subsidiary in
"Our strategic vision for the
(619) 293-1251 Twitter: @robnikolewski
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