The Aliso Canyon leak began Oct. 23, 2015, and wasn’t capped until mid-February 2016. Nearly 100,000 tons of methane and other substances were released into the atmosphere over 118 days.
According to the CPUC, the settlement agreement announced Thursday requires SoCalGas to pay $71 million in to the Aliso Canyon Recovery Account, which was created by the state Legislature to address issues arising from the leak, including air quality concerns and public health.
According to the CPUC, any request by SoCalGas for rate increases over the next five years must include an attestation from the company that the hikes will not be used to offset the costs of any of the specified Aliso Canyon-related expenses listed in the settlement.
Under its $4 million settlement agreement with prosecutors, SoCalGas was required to install and maintain an infrared methane monitoring system at the Aliso Canyon site — estimated to cost between $1.2 million and $1.5 million — and to retain an outside company to test and certify that the monitoring system and real-time pressure monitors to be placed at each gas well are working properly.
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