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News Breaks | | | | October 26, 2012 | | 07:50 EDT |  | EIX, SRE | CPUC opens formal investigation into San Onofre outages
The California Public Utilities Commission yesterday opened a formal investigation into the extended outages of Units 2 and 3 at the San Onofre Nuclear Generating Station. The investigation will determine whether to remove all costs related to SONGS from the rates of Southern California Edison, a unit of Edison International (EIX), and San Diego Gas and Electric, a unit of Sempra Energy (SRE), going forward, and whether to refund SONGS-related costs already collected in rates back to January 1, 2012. The investigation will consider the causes of the outages, the utilities’ responses, the future of the SONGS units, and the resulting effects on the provision of safe and reliable electric service at just and reasonable rates. “We will investigate the causes of the outages, the response of the operator, and the future of the plant thoroughly and carefully. This includes reviewing the reasonableness of the operator’s costs incurred for operations, repairs, and replacement power since the time of the outage, and a consideration of whether or not there should be an adjustment to rates to ensure that ratepayers are not paying for a non-useful asset,” said CPUC Commissioner Mark Ferron. | |
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News For EIX;SRE From The Last 14 Days Check below for free stories on EIX;SRE the last two weeks. |
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| May 21, 2013 | | 08:20 EDT |  | SRE | Senate Energy & Natural Resources Committee to hold a forum
The Committee holds a forum entitled, "Domestic Supply & Exports" which will examine estimates of domestic supply and the potential benefits or unintended consequences caused by expansion of natural gas exports. Participants include VP Vidas of ICF International (ICFI), SVP Simoes of Sempra Energy (SRE), VP Outtrim of Cheniere Energy (LNG) at the forum being held on May 21 at 10 am. Webcast Link | | | May 20, 2013 | | 18:41 EDT | | EIX | Southern California Edison to pay $37M in settlement over Malibu fires
 Subscribe for More Information | | | May 17, 2013 | | 10:13 EDT | | SRE | Sempra Energy to host analyst meeting
Analyst meeting to be held in New York on May 23 at 1 pm. Webcast Link | | | May 16, 2013 | | 16:18 EDT | | SRE | Sempra in tolling capacity JV with GDF SUEZ, Mitsubishi, Mitsui
Sempra Energy, Mitsubishi Corporation and Mitsui,announced that they have signed 20-year tolling capacity and joint-venture agreements to support the development, financing and construction of a liquefied natural gas, LNG, export facility at the site of the Cameron LNG receipt terminal in Hackberry, La. The anticipated incremental investment, the majority of which will be project-financed, is estimated to be approximately $6B to $7B, excluding capitalized interest and other financing costs. The total cost of the facility, including the cost of the existing facilities plus interest during construction, financing costs and required reserves, is estimated to be approximately $9B to $10B.Construction is expected to start in 2014 with the first phase of liquefaction operations to commence in the second half of 2017. Full commercial operation of all three trains is expected in 2018. | | | May 13, 2013 | | 07:39 EDT | | EIX | Deutsche Bank to host a conference
Subscribe for More Information | | | May 10, 2013 | | 10:00 EDT |  | EIX | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 05:53 EDT | | EIX | Edison International upgraded to Buy from Neutral at Citigroup
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