Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 26, 2015 4:26 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

8,324 Employees

Phone:

213-244-1200

Key Executives for Southern California Gas Co.

Chief Executive Officer, President and Director
Age: 53
Vice President, Chief Financial Officer, Chief Accounting Officer, Controller and Treasurer
Age: 46
Chief Operating Officer and Director
Age: 55
Chairman of Sempra Energy and Chief Executive Officer of Sempra Energy
Age: 58
Senior Vice President of Regulatory Affairs & Operations Support
Age: 59
Compensation as of Fiscal Year 2014.

Southern California Gas Co. Key Developments

Southern California Gas Co. and San Diego Gas & Electric Company Announces Executive Changes, Effective March 28, 2015

On March 6, 2015, Mr. Robert M. Schlax resigned as the Chief Financial Officer, Chief Accounting Officer, Controller, and Treasurer of Southern California Gas Company (SoCalGas) and San Diego Gas & Electric Company effective March 28, 2015. He will continue to serve as a Vice President of SoCalGas and SDG&E until his anticipated retirement this summer. On March 6, 2015, the Boards of Directors of SoCalGas and SDG&E elected Mr. Bruce A. Folkmann as Chief Financial Officer, Chief Accounting Officer, Controller, Treasurer and Vice President of SoCalGas and SDG&E effective March 28, 2015. Mr. Folkmann, 47, has served as the Vice President and Chief Financial Officer of Sempra U.S. Gas & Power, an operating unit of Sempra Energy, since 2013. Prior to that, he served as Vice President and Controller of USG&P from 2012 through 2013, as Acting Controller of Sempra Energy from 2011 to 2012, and as Assistant Controller of Sempra Energy from 2008 to 2011.

Southern California Gas Co. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Southern California Gas Co. announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s earnings were $76 million, compared with $98 million in the fourth quarter 2013, due primarily to lower income-tax expense in 2013. Adjusted earnings were $76 million against $98 million a year ago. For the year, the company’s earnings were $332 million in 2014, compared with $364 million in 2013. In 2013, SoCalGas recorded $25 million in retroactive earnings for 2012 operations as a result of the CPUC General Rate Case decision. Adjusted earnings were $332 million against $339 million a year ago.

Southern California Gas Co. Declares Regular Quarterly Dividends on Preferred Stocks Payable on April 15, 2015

The board of directors of Southern California Gas Co. has declared regular quarterly dividends for the preferred stock of $0.375 per share and Preferred Stock, Series A of $0.375 per share. The dividends are payable on April 15, 2015, to shareholders of record on March 10, 2015.

Similar Private Companies By Industry

Company Name Region
Cut Bank Gas Company United States
Minnesota Energy Resources Corporation United States
Platte-Clay Propane, LLC United States
L.P. Gas Company United States
DB Energy Trading, 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
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission 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.