Southern California Gas Company Files Cross-Claims Against Edison in Eaton Fire Litigation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
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Source: PRnewswire
- Legal Responsibility Dispute: On January 16, 2026, Southern California Edison filed cross-claims in the Eaton fire litigation against over a dozen defendants, including Southern California Gas Company, indicating Edison's acknowledgment of its role in the fire, which may lead to increased legal costs and reputational risks for the company.
- Strong Defense Intent: Southern California Gas Company intends to vigorously defend against Edison's claims, asserting that Edison is attempting to deflect responsibility, and a successful defense could help maintain the company's image and reduce potential liability.
- Insurance Coverage Strategy: Southern California Gas is reviewing the allegations in the cross-complaint and plans to leverage its wildfire insurance to cover damages related to Edison's claims, ensuring financial stability and mitigating the economic pressure from litigation.
- Infrastructure Recovery Efforts: Over the past year, Southern California Gas has worked closely with local and state officials to assess the impact of the fires on its infrastructure and make necessary repairs, aiming to restore service and enhance customer trust, thereby improving the company's competitive position in the market.
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Analyst Views on SRE
Wall Street analysts forecast SRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SRE is 100.58 USD with a low forecast of 89.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 87.100
Low
89.00
Averages
100.58
High
115.00
Current: 87.100
Low
89.00
Averages
100.58
High
115.00
About SRE
Sempra is a North American energy infrastructure company. The Company's businesses invest in, develop and operate energy infrastructure, and provide electric and gas services to customers. Its segments include Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides natural gas and electric service to Southern California and part of central California through its subsidiaries, SDG&E and SoCalGas. The Sempra Texas Utilities segment holds its investment in Oncor Holdings, which owns an over 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas, and its indirect 50% interest in Sharyland Holdings, which owns Sharyland Utilities, a regulated electric transmission utility serving customers near the Texas-Mexico border. The Sempra Infrastructure segment develops, builds, operates and invests in energy infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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