Sempra calls for contract finality

California is set to approve a restructured energy supply contract that would save consumers as much as $1.5 billion over the next eight years, says San Diego-based Sempra Energy.

The company says it has been negotiating with the state for more than a year, only to see a tentative agreement reached in December undermined by the California Public Utilities Commission (CPUC), the state utility regulator.

“The state has been criticised for purchasing energy it does not need and selling it at a lo

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