Costs related to Aliso Canyon leak reach $665 million
Southern California Gas noted in an earnings report that it has already booked $660 million in costs from insurance.
The utility told the Securities and Exchange Commission that it had "at least four types of insurance policies that it believes will cover many of the current and expected claims, losses and litigation associated with the natural gas leak at Aliso Canyon."
Those policies, the utility said, have a combined limit available "in excess of $1 billion."
The leak forced thousands of people from their homes in the Porter Ranch community near the Aliso Canyon facility. Southern California Gas plugged the leak February 18 after the storage facility seeped gas for four months. ■