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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



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.

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