San Diego Gas & Electric Company

Oh, man, it feels like 200.

Well, SDG&E probably is gonna turn off your-

That's what I'm hearing

...

Well, unfortunately, there was a case that was, uh, completed in 2017 for a 2007 fire experienced by San Di- San Diego Gas and...

San Diego Gas and Electric, where the commission, in our view incorrectly, um, as- determined that San Diego Gas and Electric had been fully imprudent and, uh, allowed no cost recovery.

So the com- that happened in 2017.

Mm-hmm.

Well, not only this, but behind the scenes, there's a calculation that these companies have as far as how much insurance they carry.

Because I remember this years ago, I was in San Diego and SDG&E had an internal investigation.

What's the next fire going to cost us? And they estimated it at like $3 billion.

So they bought insurance for a billion.

Second, You stop paying for their fires, and San Diego already showed us how.

In 2007, San Diego Gas and Electric had power lines come down in Santa Ana winds, and they started three fires that killed two people, burned around 200,000 acres, and took more than 1,000 homes.

The company settled the claims, and then it went to California's Utility Commission and asked to bill its customers for $379 million of it, about $1.67 a month for six years on a normal house.

They wanted to put their fire on your payment plan, and the people of San Diego showed up big time.

But what you want is three things.

You want the header, which is, like, you, you know, San Diego, SDG&E utility bill, or Chase Bank statement.

Right below that to the left, it's usually your name.

Below that, it's your address.

Happy Wednesday.

Last week's hot and humid weather drove electricity usage to the highest levels ever seen by San Diego Gas and Electric.

Isn't that incredible? So here we are again with my...

So it's not a rule.

I would love to see what the power bill is for Kogo.

But, yeah.

San Diego Gas and Electric, they've never put out this much power before.

Statewide, the California independent system operator reported a peak load of 50,335 megawatts on Wednesday, the highest mark so far this year.

We have a lot to do today.

San Diego Gas and Electric have set a record for power output.

Now your bill is going to come.

And Governor Newsom is contrite.

Lou Penrose

on NewsRadio 600 COGO.

Coming up, following the news at 4 o'clock, San Diego Gas and Electric set a record for power output last week.

There was no power outage, not as a result of the heat.

So as of 2023, you're talking about retail rates for the highest tier for residential, so like apartment buildings, is like 50-something cents per kilowatt hour.

And the wholesale price, if you were to put a solar on top of one of those buildings to sell back to San Diego Power, SDG&E, it would be something between like four and six cents per kilowatt hour, depending on the time.

Wow.

So you're talking about just like there's essentially no point in building solar for net metering if you are below, if you're basically not set up in a field selling all of your electricity via PPA.