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Sempra Energy Pact with California Due to Be Revised.

Publication: Knight Ridder/Tribune Business News

Publication Date: 31-AUG-02
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COPYRIGHT 2002 Knight-Ridder/Tribune Business News

By Craig D. Rose, The San Diego Union-Tribune Knight Ridder/Tribune Business News

Aug. 31--California's controversial $6.6 billion electricity contract with Sempra Energy is close to being scuttled in favor of a revised agreement, according to the regulatory judge overseeing settlement talks.

The San Diego-based power producer has made "extremely good progress" in its negotiations with California, Curtis Wagner Jr., chief administrative law judge of the Federal Energy Regulatory Commission, said yesterday at the talks in Washington, D.C.

"We're almost there," Wagner said.

The assessment was confirmed by Sean Gallagher, a staff attorney with the California Public Utilities...

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