California regulators approve plans for utility companies to buy energy, prevent blackouts
By OLGA R. RODRIGUEZ article
Power transmission tower is silhouetted by the rising sun in Burlingame, California on October 26, 2019. Potentially historic windstorm coming to the San Francisco Bay Area may prompt Pacific Gas and Electric Company, PG&E to shutoff power to as
Expand
SAN FRANCISCO - Utilities will be allowed to buy extra energy and pass on the costs to customers in order to avoid a repeat of rolling blackouts that kicked in last summer when demand outpaced supply, California regulators said Thursday.
The California Public Utilities Commission voted unanimously to authorize Pacific Gas and Electric, Southern California Edison and San Diego Gas & Electric Company to purchase additional power in the next three months.
California regulators have approved allowing utilities to buy more energy that can be available by the summer to avoid a repeat of the rolling blackouts last.
10:09 pm
Sempra Energy with ticker code (SRE) now have 17 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 182 and 133 calculating the mean target price we have 146.88. Now with the previous closing price of 131.74 this indicates there is a potential upside of 11.5%. The 50 day MA is 130.4 while the 200 day moving average is 125.55. The company has a market capitalisation of $37,703m. You can visit the company’s website by visiting: http://www.sempra.com
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company’s San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It provides electric services to a population of approximately 3.7 million and natural gas services to approximately 3.4 million of that population covering an area of 4,100 square miles. Its Southern California Gas Com
SAN DIEGO, Dec. 11, 2020 /PRNewswire/ Sempra Energy (NYSE: SRE) today announced that the company’s Chairman and CEO Jeffrey W. Martin was named Chief Executive of the Year by S&P Global Platts at its 22nd Annual Global Energy Awards event. Additionally, Sempra Energy received the Deal of the Year award for the sale of its South American businesses completed in April and June 2020.
“These awards are a tremendous honor and really a credit to the strength and resiliency of our company and 18,000 employees who continued to execute on our strategic priorities despite the challenges we all faced this year,” said Martin. “As our industry adapts to a unique set of challenges, we see an opportunity to distinguish our company by serving the changing needs and expectations of customers. That is why at Sempra we are focused on continuing to build a high-performing culture and investing in smart, new infrastructure right here in North America to provide greater access to cleaner forms