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Stock impact report

As Palos Verdes Peninsula land movement slows, 28 homes to get power back — with 250 to go [Los Angeles Times (CA)]

DBA Sempra (SRE) 
Last dba sempra earnings: 2/27 06:55 am Check Earnings Report
US:NYSE Investor Relations: sempra.com/investors
More than two dozen homes in and around ongoing landslide movement in the western Palos Verdes Peninsula are set to have their electricity restored weeks — and, in some cases, months — after they were cut off from the vital utility. The decision comes days after Rancho Palos Verdes officials reported significant slowing across the area's long-standing landslides. For months, the movement had been accelerating and expanding , damaging homes, cracking roadways and upending life across the Portuguese Bend area. As a result, almost 300 homes lost electricity and natural gas service. But on Thursday, Southern California Edison for the first time announced plans to restore electricity in the area, with 28 homes in Rancho Palos Verdes and Rolling Hills set to regain electricity as early as Friday. “Assuming that we can do so safely ... as early as tomorrow we will be re-energizing some customers there in the Palos Verdes Peninsula,” Gabriela Ornelas, a spokesperson for Southern Califo Show less Read more
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