SDG&E Reports Lower Profits in 2024, but company still earned $891M

Source: San Diego Union Tribune |  By Rob Nikolewski

San Diego Gas & Electric made $891 million in profit last year, according to financial numbers filed with the U.S. Securities and Exchange Commission by SDG&E’s parent company.

TURN (The Utility Reform Network), a San Francisco-based consumer group, also took a jab. “Today, SDG&E reported near-record profits off the backs of customers,” the group’s spokesman Lee Trotman said in an email. “This blatant profiteering at the expense of hardworking families demands immediate action from legislators and regulators to put an end to excessive profits and reckless spending.”