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Judge agrees with Sempra''s Energy deal: long-term contract with state will stand for now.

Publication: San Diego Business Journal
Publication Date: 26-MAY-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Sempra Energy won a decisive court battle with the state over its nearly $7 billion longterm power pact.

A San Diego Superior Court judge sided with the local energy merchant, saying the company did not need to fire up a new power plant to fulfill the deal and did not act fraudulently during initial contract talks.

State officials continued to study the judge's order last week. They will consider an appeal.

Last summer, the California Department of Water Resources filed a lawsuit against Sempra, hoping to cancel the 10-year deal signed in May 2001, at the height of the...

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