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SoCalGas' North-South pipeline plan rejected by California regulator

Jul. 14, 2016 5:25 PM ETSempra (SRE) StockSREBy: Carl Surran, SA News Editor
  • The California Public Utilities Commission rejects SoCalGas' request to build its North-South pipeline project, saying there are "more cost-effective alternatives for supporting the utility's southern natural gas system."
  • The regulator also denies $621M in rate increases requested by SoCalGas and San Diego Gas & Electric, both subsidiaries of Sempra Energy (NYSE:SRE).
  • The project would have consisted of a new 65-mile natural gas pipeline from a pumping station in Adelanto through San Bernardino county to another station in Moreno Valley.

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