SDG&E; paid an oil dealer $3 million to settle a suit.
The settlement with bankrupt United Petroleum Distributors of Houston and its president, Edward J. Fourti calls for both sides to drop their lawsuits. San Diego Gas & Electric had alleged that United defrauded it out of $31.2 million in fuel oil as part of an oil-storage agreement in 1978, while Fourti countersued on charges of breach of contract and false representation. SDG&E; said it already has written off $30.6 million in probable losses from the deal.
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