MARKETS

Sempra subsidiary settles for US$1.1B over 2015 gas leak

SEMPRA Energy subsidiary SoCalGas has announced it will settle a civil case against it with a US$1.1 billion payout in relation to a gas facility blow out in 2015 north of Los Angeles that forced thousands of people to evacuate.

Mark Tilly

Closes difficult chapter

The company's Aliso Canyon natural gas storage facility includes 115 wells tapping a reservoir that holds around 86 billion cubic feet of gas. A leak was discovered in October 2015 in one of the wells...

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