Pacific Lighting settled a lawsuit with Texaco.
The company, which is the parent of Southern California Gas, said it has settled a suit over its decision to stop purchasing natural gas from a Texaco facility. The $188-million suit had been brought against Pacific Lighting in 1984 by Texaco and Union Oil, co-owners of the Pitas Point natural gas field in the Pacific Ocean off Ventura County. As in a previous settlement with Union, the agreement calls for Pacific Lighting to resume purchases of natural gas from Texaco. Neither settlement called for payment of penalties. Last November, Pacific Lighting stopped the purchases, citing a ruling that utilities could abrogate pacts if resources were available elsewhere for less.