9 p.m., Feb. 22
- Community Blog
- Encanto Gas Holder
Sempra Energy cutting jobs?
Word comes this morning that Sempra Energy, with revenues falling in 2009 to only $8 billion down from around $11 billion each for 2007 and the Crash of 2008, is cutting jobs at corporate by shifting responsibilities down to its owned units, including San Diego Gas & Electric Company (SDG&E).
One can only hope that giving SDG&E more authority to manage its own business will help to improve its image, damaged after multiple fines to the California Public Utilities Commission for a variety of non-felonious wrongs, including investigatory obstruction and withholding information in a number of matters ranging from the Sunrise Powerlink to causes of 2007 wildfire complexes. The running total on CPUC fines over the last two years is running about $15 million, which does not include damage awards many times that amount for the deaths of 4 Marines in a helicopter crash caused by an unlit transmission tower.
Anyone interested in what the federal government thinks of SDG&E corporate responsibility should google "SDG&E guilty" to see if the US Dept. of Justice announcement of guilty verdicts still haunts our local power utility.
More like this:
- CPUC's Consumer Protection and Safety Division In Need Of Wildfire Cause Data — Nov. 10, 2010
- Sempra Energy Stock Buyback from RBS Sempra Commodities Asset Sale — Oct. 4, 2010
- Motion for WEBA Protest at Issue before CPUC — Aug. 1, 2010
- Sempra Energy Emphasis on Utilities over Commodity Trading a Plus for Power Line Undergrounding? — April 28, 2010
- Electrical Corporations: Too Big to Fail, but also Too Big to be Wrong? — Dec. 15, 2009