Sempra to Import More Electricity From Mexico
Reuters
U.S. energy regulators unveiled a new measure to prevent another California power shortage by allowing Sempra Energy to import more electricity from Mexico.
The Federal Energy Regulatory Commission said the boost in imports could save San Diego residents $3 million per year and California ratepayers $10 million annually, once upgrades are completed.
The FERC approved an order that allows Sempra subsidiary San Diego Gas & Electric Co. to recover from ratepayers the cost of upgrading its Miguel-Mission and Imperial Valley lines stretching across Southern California and into Mexico.
Shares of Sempra closed up 15 cents at $24.79 on the New York Stock Exchange.
