July 25, 2014 5:44 AM ET

Gas Utilities

Company Overview of Southern California Gas Co.

Company Overview

Southern California Gas Company is engaged in the distribution, transportation, sale, purchase, and storage of natural gas in California. As of December 31, 2013, it had 5.8 million customer meters consisting of approximately 5,568,200 residential; 246,700 commercial; 27,000 industrial; and 40 electric generation and wholesale meters. The company’s natural gas facilities included 2,964 miles of transmission and storage pipelines; 49,832 miles of distribution pipelines; and 47,472 miles of service pipelines. Its natural gas facilities also comprised 11 transmission compressor stations and 4 underground natural gas storage reservoirs with a combined working capacity of 136 billion cubic feet. ...

555 West Fifth Street

Los Angeles, CA 90013

United States

Founded in 1886

8,196 Employees

Phone:

213-244-1200

Key Executives for Southern California Gas Co.

Chief Executive Officer
Age: 53
Chief Financial Officer
Age: 58
Chief Operating Officer and Director
Age: 55
Chairman of Sempra Energy and Chief Executive Officer of Sempra Energy
Age: 58
Chief Executive Officer of San Diego Gas & Electric Company
Age: 52
Compensation as of Fiscal Year 2014.

Southern California Gas Co. Key Developments

Southern California Gas Co. and California Energy Commission Collaborate to Advance Hyperlight Technology

Southern California Gas Co. has joined with the California Energy Commission to support the commercialization of a low-cost, commercial-scale solar thermal energy technology with the promise to help businesses save money, conserve energy and support California's environmental goals. Currently operating at the San Diego State University (SDSU) Center for Energy Sustainability in Brawley, Calif., the Hyperlight solar thermal technology harnesses the sun's energy using an innovative, low-cost design. Water-filled trays support solar reflectors in long, transparent tubes that aim sunlight onto a heat collecting element. The high-efficiency system produces high-temperature steam that can serve a range of commercial and agricultural business applications. The Commission and SoCalGas provided $2 million in funding for the Hyperlight technology development and demonstration project through the Commission's Public Interest Energy Research (PIER) program and SoCalGas own innovation development initiatives. PIER supports public interest research and development that helps improve the quality of life in California by bringing environmentally safe, reliable, and affordable energy services and products to the marketplace.

Southern California Gas Co. Declares Preferred Dividends Payable on July 15, 2014

The board of directors of Southern California Gas Co. has declared regular quarterly dividends of $0.375 per share on preferred stock and $0.375 per share on preferred stock, Series A. The dividends are payable on July 15, 2014, to shareholders of record on June 10, 2014.

Southern California Gas Co. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Southern California Gas Co. reported unaudited earnings results for the first quarter ended March 31, 2014. Earnings for Southern California Gas Co. increased to $78 million in the first quarter 2014 from $46 million in last year's first quarter, due primarily to higher California Public Utilities Commission (CPUC) base operating margin. Revenues were $1,085 million against $983 million a year ago. Income before interest and tax was $133 million against $87 million a year ago.

Similar Private Companies By Industry

Company Name Region
Cascade Natural Gas Corporation United States
Four, LLC United States
Aquila Merchant Services, Inc. United States
United LNG, LP United States
Southern Union Panhandle LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Southern California Gas Co., please visit www.socalgas.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.