Sempra and Con Edison Sharing Ownership of Five U.S. Solar Farms

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Sempra Energy and Consolidated Edison Inc. agreed to jointly own and operate five solar farms in California and Nevada that will have a total capacity of 360 megawatts.

Each company will own 50 percent of the power plants, which all have long-term contracts to sell the electricity, San Diego-based Sempra said today in a statementBloomberg Terminal.