October 30, 2005
Sempra Energy settles some California claims
NEW YORK (Reuters) - Sempra Energy has settled some claims
in a much larger lawsuit brought on by plaintiffs who have
accused the company and its units of rigging prices during the
California energy crisis in 2000 and 2001.
Late Saturday, Sempra Energy said it, Southern California
Gas Co. and San Diego Gas & Electric reached an agreement with
the County of Los Angeles and 11 other plaintiffs in the larger
Continental Forge case.
Terms of the agreement were not disclosed.
"Our companies are pleased to have reached a mutually
agreeable settlement for a fraction of these particular
plaintiffs' claims," Javade Chaudhri, Sempra chief executive,
said in a statement.
The plaintiffs involved in the settlement were not part of
the initial class of Ventura County natural gas customers and
Southern California Edison customers, the company said.
The case is currently under way in San Diego Superior
"The allegations involved in this case are simply false
and, as part of this agreements, Sempra Energy and our
affiliate companies expressly deny any wrongdoing," Chaudhri