California Rejects SRE's Plan For A Natural Gas Connector Pipeline -- July 14, 2016

From SeekingAlpha:

• The California Public Utilities Commission rejects SoCalGas' request to build its North-South pipeline project, saying there are "more cost-effective alternatives for supporting the utility's southern natural gas system."
• The regulator also denies $621M in rate increases requested by SoCalGas and San Diego Gas & Electric, both subsidiaries of Sempra Energy.
• The project would have consisted of a new 65-mile natural gas pipeline from a pumping station in Adelanto through San Bernardino county to another station in Moreno Valley.

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A Must-Read Story

I had not seen this story. Don sent it to me. It's quite incredible, to say the least. It's a Bloomberg story.