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Article: San Diego Gas & Electric to Auction Power Plants, Other Generating Assets
- Article from:
- PR Newswire
- Article date:
- November 25, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN DIEGO, Nov. 25 /PRNewswire/ -- San Diego Gas & Electric (SDG&E), the principal subsidiary of Enova Corporation, today announced plans to auction its fossil power plants -- the South Bay plant in Chula Vista, Calif., the Encina plant in Carlsbad, Calif., and its combustion turbines -- as well as its 20-percent interest in the San Onofre Nuclear Generating Station (SONGS) and its portfolio of long-term power contracts.
The decision, which was approved by SDG&E's board of directors late yesterday, comes as California prepares to open up its electric utility industry to competition Jan. 1, 1998. Electric generation will be deregulated and the state's ...