Massive gas leak has cost utility company $50 million

Jan 7, 2016 6:32 PM by News Staff

LOS ANGELES (AP) - A utility company said it has spent about $50 million because of a massive leak from an underground natural gas storage well near Los Angeles.

The parent company of Southern California Gas Co. filed papers Thursday with the Securities and Exchange Commission with the estimate for costs associated with trying to stop the leak and to reimburse people who have been displaced by a sickening stench.

The leak has been out-of-control since late October and has driven thousands of people out of the upscale Los Angeles community of Porter Ranch.

A SoCalGas executive says it is paying to relocate 2,800 households and is trying to find temporary homes for 1,700 others.

Copyright 2016 The Associated Press. All rights reserved.


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