Sempra cut its earnings outlook after its Southern California Gas utility agreed to resolve substantially all remaining civil litigation tied to the 2015 massive leak at its Aliso Canyon storage facility, a key conduit in the supply of gas to the US West Coast. The unit will take a $1.1 billion after-tax charge, Sempra said in a statement Sept. 27, three days before the end of the third quarter. The company also said it was preparing to close an investment by private equity firm KKR in a unit that contains Sempra’s LNG and related non-utility infrastructure.
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