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Stock impact report

After Aliso Canyon, a gas pipeline exploded — and Californians lost $1 billion [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
After Aliso Canyon, a gas pipeline exploded — and Californians lost $1 billion Two years after methane gas began leaking from Southern California Gas Co.’s Aliso Canyon storage field, one of the company’s key pipelines exploded, starting a fire in the desert and leaving a smoking crater in the ground. Nobody was hurt, and the October 2017 explosion went largely unnoticed outside the energy industry. But the damaged pipeline was taken out of service — severely constraining gas supplies in Southern California, especially with storage at Aliso Canyon restricted. Together, those infrastructure failures would fuel higher energy prices across the state, ultimately costing California ratepayers at least $1 billion. The 30-inch pipeline is still out of service, and Aliso Canyon remains restricted. Some experts are worried a heat wave could send prices soaring once again this summer. “It’s been a mini energy crisis,” said Samuel Golding, a consultant who helps local governments launch their Show less Read more
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