Massive SoCal Gas Leak Could Cost $665 Million - NBC 7 San Diego
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Massive SoCal Gas Leak Could Cost $665 Million

The massive gas leak that spewed uncontrollably for nearly four months temporarily uprooted 8,000 households

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    Massive SoCal Gas Leak Could Cost $665 Million
    Javier Mendoza/SoCalGas via AP
    In this Nov. 3, 2015, file photo, provided by Southern California Gas Co., SoCalGas crews and technical experts attempt to safely stop the flow of natural gas leaking from a storage well at the utility’s Aliso Canyon facility near the Northridge section of Los Angeles. California Gov. Jerry Brown declared a state of emergency Wednesday, Jan. 6, 2016, over the massive natural-gas leak that has been spewing fumes into the Los Angeles neighborhood for months.

    Expected costs from a massive gas leak near Porter Ranch in Southern California have ballooned to $665 million, according to the energy company.

    Sempra Energy released the estimate in an earnings report Wednesday.

    Southern California Gas Co., which is owned by Sempra, had estimated costs of $250 million to $300 million. That figure did not include potential costs from dozens of lawsuits or regulatory fines.

    The massive gas leak that spewed uncontrollably for nearly four months temporarily uprooted 8,000 households.

    It was capped in late February, but thousands of families remain temporarily relocated in housing paid for by SoCalGas.

    The company has said it expects insurance to cover more than $1 billion and it has accounted for $660 million in insurance receivables.