September 15, 2014 9:03 PM 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. Declares Regular Quarterly Dividends on its Preferred Stock, Payable on October 15, 2014

The board of directors of Southern California Gas Co. 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 October 15, 2014, to shareholders of record on September 10, 2014.

Southern California Gas Co. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Southern California Gas Co. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, earnings were $80 million, compared with $118 million in last year's second quarter. The second-quarter 2013 earnings included $37 million in retroactive earnings from the General Rate Case decision. Excluding the retroactive earnings from the General Rate Case, adjusted second-quarter 2013 earnings were $81 million. In the first half of 2014, earnings were $158 million, compared with $164 million in the year-ago period. Excluding retroactive earnings from the General Rate Case related to 2012 operations, adjusted earnings in the first six months of 2013 were $139 million.

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.

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