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Southern California Gas Co. Deal May Affect Electric Rates.
Knight Ridder/Tribune Business News, September, 1998 by Christie, Bob
Knight Ridder/Tribune Business News
Sep. 17--An obscure but complex deal involving two local natural gas pipelines and Southern California Gas Co. may end up having a big impact on the cost of electricity in California, according to the owner of one of the pipelines.
SoCalGas parent Pacific Enterprises had options to buy the Kern River and Mojave pipelines in 2012, but was ordered by the California Public Utilities Commission to sell the options as part of its recent merger with San Diego Gas & Electric's parent company, Enova Corp.
The corporate owner of the Kern River pipelines, Williams Companies Inc., bought back its right-to-buy option for $50,000 in a deal that closed Wednesday. The owner of the Mojave Pipeline Co., El Paso Natural Gas...
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