Sempra Energy raised its cost estimate to $330 million for a historic natural gas leak in Southern California that sickened residents, forced thousands to relocate and sparked multiple investigations, Bloomberg reports.
Insurance will probably cover about $325 million of that expense, CEO Debra Reed said Friday on a conference call with investors.
The estimate includes costs to plug the leak, lost gas and temporary relocation of residents. It excludes potential damage awards, fines, penalties and legal costs that also should be covered by insurance, she said.
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