SDG&E Is Looking To Leave The Power-Buying Business

In a dramatic sign of California’s changing energy market, San Diego Gas & Electric wants to stop buying and selling electricity. In recent days, the company has asked lawmakers to introduce legislation that would let SDG&E reduce its role – while also pushing the state to enter the energy market in a big way. The company’s vision could eventually require the state to buy out its long-term power contracts and possibly pay the company for several natural gas-fired power plants it owns. SDG&E is pitching this idea as the company prepares to lose about half of its power customers within the next few years.