SAN DIEGO, Sept. 15, 2005 (PRIMEZONE) -- San Diego Gas & Electric (SDG&E) today announced that it, along with other California parties, has reached a settlement with Public Service Co. of Colorado for overcharges during the energy crisis of 2000-2001.
Today's overall settlement with the California parties is valued at approximately $7 million. SDG&E's share of the refund is estimated to be about $530,000. The California Public Utilities Commission will approve the distribution of the refund to customers.
During the energy crisis of 2000-2001, San Diegans were the first to feel the brunt of increased electricity costs. Several investigations at the state and federal level have led to a series of refunds to California customers.
SDG&E is a regulated public utility that provides safe and reliable energy service to 3.3 million consumers through 1.3 million electric meters and more than 800,000 natural gas meters in San Diego and southern Orange counties. The utility's area spans 4,100 square miles. Exceptional customer service is a priority of SDG&E as it seeks to enhance the region's quality of life. SDG&E is a regulated subsidiary of Sempra Energy (NYSE:SRE). Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company. To learn more, go to www.sdge.com.