Sempra to give record profits to investors on heels of SDG&E customer bill spikes

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Sempra to give record profits to investors on heels of SDG&E customer bill spikes
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.Sempra, which owns sdge, will pay its investors the highest profits yet on Friday. Our partner inewsource has details.

, which owns Southern California Edison, the utility supplying much of Southern California. The company paid out $0.70 per share to investors in January.

Pacific Gas & Electric Co. will pay its first dividends in May after a four-year pause following a series of wildfires sparked by its faulty equipment., said the record dividends showed that SDG&E is profitable for its investor, Sempra.Take our survey Lopez said he wished that the California Public Utilities Commission, which regulates investor-owned utilities, would take note of the record payouts to investors when considering the utilities’ demands for higher rates.Betty Thompson, who’s lived in Fallbrook since 1989, is currently negotiating with SDG&E over a roughly $200 spike in her bill in December and January, even though she was traveling and out of the home for most of the time.

Shareholders can weigh in on some of Sempra’s operations at its annual shareholders meeting on May 13. One of the items up for a vote is a nonbinding review of executive compensation.

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