Enova/PE merger finds
California utilities learning
how to "micro-unbundle."
here's a meter war ticking away out West, pitting natural gas against electricity.
Enova Corp. is set to acquire Southern California Gas Co. through a merger with the gas utility's parent company, Pacific Enterprises. This strategy raises a tantalizing question: Can the new, merged company sell electricity "through" SoCalGas meters, using customer contacts on the gas side to grab market share in electricity from Southern California Edison, whose territory overlaps that of SoCalGas?