Southern California Gas Company PFD 6%
SOCGM
Other OTC29.75
USD
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Southern California Gas Company PFD 6%
SOCGM
(Other OTC)
Recent
price
29.75
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Southern California Gas Company (SoCalGas), the nation's largest natural gas distribution utility and a subsidiary of Sempra (NYSE: SRE), delivers safe, reliable, and increasingly renewable natural gas to approximately 21.6 million residential, commercial, industrial, electric generation, and wholesale customers across more than 500 communities in a 24,000-square-mile service territory spanning Central and Southern California from Visalia to the Mexican border, excluding San Diego County, Long Beach, and parts of San Bernardino desert; the company owns and operates 3,037 miles of transmission and storage pipelines, 52,567 miles of distribution pipelines, 48,999 miles of service pipelines, nine transmission compressor stations, and four underground storage facilities including Aliso Canyon, Honor Rancho, La Goleta, and Playa del Rey, with interconnections to interstate pipelines such as El Paso Natural Gas, Transwestern, Kern River, and Mojave, as well as a Mexican pipeline at Otay Mesa. Founded in 1867 as the Los Angeles Gas Company and headquartered at Gas Company Tower in downtown Los Angeles, SoCalGas provides core services including natural gas distribution, transmission, storage, procurement, metering, billing, and advanced metering infrastructure via its ongoing AMI project; it also offers energy efficiency programs promoting ENERGY STAR certified products like clothes washers, smart thermostats, and furnaces, renewable natural gas (RNG) fueling at 37 compressed natural gas stations classified as carbon negative by the California Air Resources Board since 2020, and innovative clean energy solutions such as hydrogen development, fuel cell technologies, and biogas conversion initiatives targeting net-zero greenhouse gas emissions in operations by 2045 and 20% RNG replacement of traditional supply for core customers by 2030. Recent developments include the March 2025 execution of its first RNG procurement contract approved by the California Public Utilities Commission under Senate Bill 1440 with Organic Energy Solutions to source biomethane from organic waste in San Bernardino for pipeline injection starting in late 2026, preventing an estimated 15,300 tons of annual greenhouse gas emissions; a LEED Gold-certified $8.7 million expansion and seismic retrofit of the Honor Rancho Operations Center completed in 2025 adding training, office, and critical communications facilities while maintaining operations; energy efficiency programs saving customers over $95 million in 2024; and delivery of approximately 5% RNG to customers since 2023, supporting California's methane reduction goals and clean energy transition.