International Business News - SRE http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Energy services holding company Sempra Energy said Tuesday its total exposure to financial sector turmoil sparked by Lehman Brothers' bankruptcy filing and troubles at American International Group Inc. and Constellation Energy is less than $20 million. http://www.ibtimes.com/articles/20080916/sempra-pegs-exposure-to-market-turmoil-under-20m.htm Tue, 16 Sep 2008 16:24:32 EDT Regulated utilities remain an attractive investment in a low-interest rate environment given expected net income growth of up to 9 percent, a Goldman Sachs analyst said Tuesday. http://www.ibtimes.com/articles/20080916/ahead-of-the-bell-regulated-utilities.htm Tue, 16 Sep 2008 08:31:02 EDT Shares of most utilities dropped Monday morning after Hurricane Ike ripped through southern Texas, widely disrupting power, and the broader markets tumbled on concern about the financial sector. http://www.ibtimes.com/articles/20080915/shares-of-utilities-slide-after-ike-cuts-power.htm Mon, 15 Sep 2008 11:50:52 EDT The U.S. Commodity Futures Trading Commission said Thursday it has fined Sempra Energy Trading LLC $175,000 to settle charges its floor traders inaccurately filed natural gas future trades on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080904/sempra-fined-175-000-over-incorrect-trade-records.htm Thu, 04 Sep 2008 17:44:51 EDT A jury has found San Diego Gas & Electric negligent in the deaths of four Marines who were killed when their helicopter hit an unlit utility tower on Camp Pendleton in 2004. http://www.ibtimes.com/articles/20080904/jury-says-sdg-e-negligent-in-helicopter-crash.htm Thu, 04 Sep 2008 11:33:03 EDT Improperly maintained utility lines were to blame for three wildfires that swept through San Diego County last fall, killing two people and destroying 1,347 homes, state regulators said. http://www.ibtimes.com/articles/20080903/calif-utility-violations-led-to-deadly-oct-fires.htm Wed, 03 Sep 2008 11:18:19 EDT Growers and ranchers in the southern reaches of California are posing the latest obstacle to the state's push for green power. Facing the possibility of losing land to power transmission lines, they have urged state commissioners to avoid their property when selecting a route for a project linking consumers on the coast to renewable energy operations in the Southern California desert. http://www.ibtimes.com/data/articleimgs/119998-power-line-dispute.jpg http://www.ibtimes.com/articles/20080901/socal-farmers-angry-about-proposed-power-line-path.htm http://www.ibtimes.com/articles/20080901/socal-farmers-angry-about-proposed-power-line-path.htm Mon, 01 Sep 2008 21:27:12 EDT Preliminary reports released by state fire officials say Southern California Edison electrical lines sparked two small wildfires last fall during periods of high winds. http://www.ibtimes.com/articles/20080801/report-power-lines-sparked-2-wildfires-in-2007.htm Fri, 01 Aug 2008 12:01:18 EDT Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080728/verizon-kraft-tyson-fannie-mae-are-big-movers.htm Mon, 28 Jul 2008 16:53:01 EDT Sempra Energy's announcement that it will acquire EnergySouth Inc. has led to an outlook revision from Standard & Poor's. Standard & Poor's Ratings Services on Monday revised its outlook on Sempra Energy and the company's San Diego Gas & Electric Co. and Southern California Gas Co. subsidiaries to "negative" from "stable." http://www.ibtimes.com/articles/20080728/standard-poors-revises-sempra-energy-outlook.htm Mon, 28 Jul 2008 13:57:12 EDT Sempra Energy said Monday it will acquire Mobile, Ala.-based EnergySouth Inc. for $510 million in cash. Under the deal, EnergySouth shareholders will receive $61.50 per share for their stock, a 23 percent premium over Friday's $50.16 closing price. http://www.ibtimes.com/articles/20080728/sempra-energy-to-buy-energysouth-for-510-million.htm Mon, 28 Jul 2008 08:55:13 EDT First Solar Inc. said Thursday it will build a 10-megawatt photovoltaic power plant for Sempra Generation near Boulder City, Nev. Financial terms of the deal were not disclosed. http://www.ibtimes.com/articles/20080724/first-solar-to-build-photovoltaic-plant-for-sempra.htm Thu, 24 Jul 2008 10:15:40 EDT Rising yields on U.S. government bonds along with higher crude oil prices dragged utility company stocks lower Friday, along with a broader stock market that is well into bear market territory. http://www.ibtimes.com/articles/20080711/sector-snap-utility-company-stocks-falling.htm Fri, 11 Jul 2008 14:48:39 EDT A power line "faulted" more than three hours before sparking the largest of Southern California's devastating wildfires last fall, state investigators reported. http://www.ibtimes.com/articles/20080710/report-faults-detected-on-power-lines-before-fire.htm Thu, 10 Jul 2008 14:02:09 EDT Energy utility companies need regulatory and financial cooperation from state and federal governments to produce and distribute enough power for the West's growing population while also eliminating harmful carbon emissions, utility directors say. http://www.ibtimes.com/articles/20080701/western-govs-utility-heads-seek-energy-solutions.htm Tue, 01 Jul 2008 14:04:37 EDT San Diego's city attorney is suing a power company, seeking to recoup firefighting costs from last October's devastating wildfires. City Attorney Michael Aguirre filed the lawsuit Thursday against San Diego Gas & Electric, accusing the power company of failing to take steps to prevent downed power lines from starting the Witch Creek and Guejito fires that destroyed nearly 1,000 structures. http://www.ibtimes.com/articles/20080620/san-diego-sues-power-company-over-wildfire-damage.htm Fri, 20 Jun 2008 11:02:30 EDT Sempra Energy will buy a 25 percent stake in and provide "a significant amount" of capacity to a natural gas pipeline proposed by Williams Cos. and TransCanada Corp., Williams said Monday. http://www.ibtimes.com/articles/20080616/sempra-buys-25-percent-stake-in-sunstone-pipeline.htm Mon, 16 Jun 2008 18:07:52 EDT It seems like an idea any environmentalist would embrace: Build one of the world's largest solar power operations in the Southern California desert and surround it with plants that run on wind and underground heat. http://www.ibtimes.com/data/articleimgs/72511-renewable-energy.jpg http://www.ibtimes.com/articles/20080615/utility-finds-foes-to-renewable-energy-line-plan.htm http://www.ibtimes.com/articles/20080615/utility-finds-foes-to-renewable-energy-line-plan.htm Sun, 15 Jun 2008 13:05:39 EDT Sempra Energy said Thursday its board approved an increase of 9 percent in its quarterly dividend, to 35 cents from 32 cents. The energy company said the dividend is payable July 15 to shareholders of record June 19. http://www.ibtimes.com/articles/20080522/sempra-energy-lifts-dividend-9-percent-to-35-cents.htm Thu, 22 May 2008 18:30:50 EDT The Grant County Public Utility District is getting $11.8 million from three California utilities in a settlement. PUD commissioners voted last week to accept the resolution of claims over unpaid power sales during the energy crisis of 2000-01. Electricity prices skyrocketed to $200 to $500 a megawatt from $30 to $50 a megawatt, partly because of manipulation by Enron before that company went bankrupt. http://www.ibtimes.com/articles/20080512/wash-utility-to-get-11-8m-in-enron-related-settlement.htm Mon, 12 May 2008 12:22:16 EDT