The U.S. Supreme Court on Monday declined to hear a bid by Sempra Energy’s San Diego Gas & Electric Co to recover $379 million from customers related to damages it was forced to pay out in litigation after the deadly 2007 California wildfires that burned hundreds of homes. After state courts turned away the utility’s challenge to a decision by California regulators to prohibit it from raising utility rates to compensate for the payouts because it had improperly maintained its equipment, the Supreme Court opted not to hear San Diego Gas & Electric’s appeal. …read more
Source:: Yahoo Finance
