SDG&E; E Proposes to Buy Power Plants
From Bloomberg News
Sempra Energy’s San Diego Gas & Electric unit wants state approval to spend about $600 million to buy new power plants and long-term electricity supplies for its 1.3 million customers in the Southland.
The purchases would add 1,250 megawatts of electricity, enough for about a million homes, starting in 2005, a spokesman said.
It’s the first effort of San Diego Gas & Electric to buy electricity for its customers since 1991.
The plan, which needs approval by the California Public Utilities Commission, would allow San Diego Gas to buy a 550-megawatt power plant that’s being built by Sempra’s power-plant unit.
