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Stock impact report

Column: Gavin Newsom's failure to close Aliso Canyon is hurting us all [Los Angeles Times (CA)]

DBA Sempra (SRE) 
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methane into the atmosphere and polluting the air breathed by residents of L.A.'s Porter Ranch neighborhood with toxic chemicals, forcing thousands to flee their homes? Gov. Gavin Newsom might prefer that you forget. Early in his first term, Newsom talked a big game about working to shut down the Aliso Canyon gas storage field before 2027. More recently, though, he's avoided acknowledging that pledge to Porter Ranch residents — even as his appointees prepare to vote next week on a plan that could keep Aliso Canyon operating into the 2030s. If that sounds bad, well, strap yourselves in. It's been nine years since the gas leak, and eight years since lawmakers ordered state regulators to study closing Aliso Canyon, which is owned by Southern California Gas Co. Regulators finally released a plan last month. But even after eight years of study, the California Public Utilities Commission didn't reach a final decision. Instead, the agency declared that closing Aliso Canyon will b Show less Read more
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