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Stock impact report

California regulators propose plan that could close Aliso Canyon. Or is it just ‘kicking the can'? [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
coming years, but local activists and politicians say it doesn't provide a fast or clear enough timeline to shut down the site of the largest natural gas leak in American history. Residents in Porter Ranch and surrounding San Fernando Valley communities have been clamoring to close the Southern California Gas Co.-owned site ever since the leak took place over a four-month period in late 2015 and early 2016. The disaster spewed about 100,000 tons of methane and other chemicals into the air, forcing more than 8,000 families to flee their homes, with many reporting headaches, nosebleeds and nausea. On Wednesday, the CPUC unveiled a proposed decision regarding the future of Aliso Canyon. The plan, which will be discussed at the commission's Dec. 19 meeting, calls for moving ahead with potentially closing the site once Southern California's demand for natural gas declines to a level at which peak demand can be served without Aliso Canyon. Demand is expected to continue its downward t Show less Read more
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