July 25, 2016 5:26 PM ET

Gas Utilities

Company Overview of Southern California Gas Co.

Company Overview

Southern California Gas Company engages in the distribution, transmission, and storage of natural gas in California. As of December 31, 2015, it had 5.9 million customer meters consisting of approximately 5,621,600 residential; 252,900 commercial; 26,300 industrial; and 50 electric generation and wholesale meters. The company’s natural gas facilities included 2,962 miles of transmission and storage pipelines; 50,097 miles of distribution pipelines; and 47,514 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 137 billion cubic feet. The company was found...

555 West Fifth Street

Los Angeles, CA 90013

United States

Founded in 1886

8,438 Employees

Phone:

213-244-1200

Fax:

909-305-8261

Key Executives for Southern California Gas Co.

Chairman, Chief Executive Officer and President
Age: 55
Chief Financial Officer, Chief Accounting Officer, Vice President, Controller and Treasurer
Age: 48
Chief Operating Officer and Director
Age: 57
Chairman of Sempra Energy and Chief Executive Officer of Sempra Energy
Age: 60
Chief Information Officer and Senior Vice President of Support Services
Age: 56
Compensation as of Fiscal Year 2016.

Southern California Gas Co. Key Developments

Southern California Gas Co. Opens Compressed Natural Gas Fueling Station in Pico Rivera's Warehouse and Distribution District

Southern California Gas Co. marked the opening of a new public compressed natural gas (CNG) station in the heart of Pico Rivera's warehouse and distribution district. The new CNG station extends the network of CNG stations across a key regional goods movement corridor and will provide owners and operators of natural gas-fueled trucks and other vehicles with a new, convenient place to fuel. The new public CNG station will help improve air quality by providing a more convenient location for CNG fueling and by helping to meet growing demand from commercial fleets for a clean burning and affordable fuel.

Southern California Gas Co. Declares Regular Quarterly Dividends on Preferred Series Stock, Payable on July 15, 2016

Southern California Gas Co. declared regular quarterly dividends for the preferred series stock of the company as on preferred stock of $0.375 per share and preferred stock, Series A of $0.375 per share. The dividends are payable on July 15, 2016, to shareholders of record on June 10, 2016.

SoCalGas Announces Earnings Results for the First Quarter Ended March 31, 2016

SoCalGas announced unaudited earnings results for the first quarter ended March 31, 2016. Earnings were $195 million in the first quarter 2016, compared with $214 million in the first quarter 2015, due primarily to higher non-refundable operating costs, including depreciation and litigation. Revenue was $1,033 million compared to $1,048 million a year ago. Income before interest and tax was $304 million compared to $328 million a year ago.

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Recent Private Companies Transactions

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

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