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Southern California Gas Co. (SOCGP) is a leading natural gas utility providing reliable energy solutions to millions across California. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Access timely updates on earnings reports, infrastructure investments, and clean energy initiatives, including renewable hydrogen research and low-emission fleet transitions. Track the company's progress in maintaining rigorous safety standards while advancing California's decarbonization goals.
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SoCalGas (SOCGP) has announced its regular quarterly dividend declaration for preferred series stock. The company's board of directors has declared a dividend of $0.375 per share for Preferred Stock, Series A. The dividend will be paid on July 15, 2025, to shareholders who are on record as of June 10, 2025.
SoCalGas (SOCGP) has announced its first renewable natural gas (RNG) contract with Organic Energy Solutions (OES), marking a significant milestone under California's SB 1440 program. The contract, approved by the California Public Utilities Commission, will source RNG from organic waste in San Bernardino.
The project, set to begin operations in the second half of 2026, will convert industrial and food waste through anaerobic digestion into pipeline-quality RNG. OES estimates it will prevent approximately 15,300 tons of greenhouse gases annually, equivalent to the energy usage of 2,984 homes per year.
SoCalGas aims to replace 12% of traditional natural gas for residential and small business customers with RNG by 2030. The company has already achieved 5% RNG delivery to customers since 2023 and operates 37 carbon-negative fueling stations. This initiative supports California's goal to reduce methane emissions by 40% by 2030.
SoCalGas (SOCGP) has announced its regular quarterly dividend declaration for preferred stockholders. The board of directors has approved dividends of $0.375 per share for both the Preferred Stock and Preferred Stock, Series A. These dividends will be paid on April 15, 2025, to shareholders who are recorded as owners as of March 10, 2025.
SoCalGas has announced a $400,000 donation to the YMCA of Metropolitan Los Angeles (LA Y) to support communities affected by the Eaton fire. The donation will help expand critical resources including extended operating hours, free community access to YMCA amenities, and childcare services for first responders and displaced families.
Additionally, 100 SoCalGas employees are volunteering at the Pasadena-Sierra Madre Y to organize community donations. The LA Y is providing essential services such as showers, Wi-Fi, food, water, and other necessities to affected residents. The organization has committed to offering long-term support for the community's recovery process.
The initiative has received support from local officials, including Pasadena Mayor Victor M. Gordo and Supervisor Kathryn Barger, who emphasized the importance of community partnerships during emergencies. The LA Y continues to accept donations of specific items such as hygiene kits, diabetic-friendly food, and sleeping equipment to support the relief effort.
SoCalGas, GKN Hydrogen, and NREL have launched a demonstration project to test an innovative solid-state hydrogen storage solution at NREL's Flatirons Campus in Arvada, Colorado. The system can store up to 500 kilograms of hydrogen in metal hydrides at low pressure, using renewable energy to convert water into hydrogen through an electrolyzer. The project, funded with $1.7 million from the DOE and $400,000 from SoCalGas, will run until December 2026. The technology aims to support clean energy systems and accelerate decarbonization by enabling resilient, on-site renewable power generation and storage.
SoCalGas announced its board of directors has declared regular quarterly dividends for its preferred stock series. Shareholders will receive $0.375 per share for both Preferred Stock and Preferred Stock, Series A. The dividends will be paid on January 15, 2025, to shareholders of record as of December 10, 2024.
SoCalGas has announced energy-saving tips and programs to help customers manage their energy consumption during cooler months. The company is offering 50% increased rebates through November 30, 2024, for purchasing qualifying energy-efficient appliances. Key recommendations include managing heating systems, optimizing appliance usage, installing energy-saving fixtures, and sealing air leaks. The company highlights that upgrading to energy-efficient appliances can result in up to 20% savings. SoCalGas also provides various assistance programs including the Energy Savings Assistance Program for no-cost home improvements and CARE, offering a 20% discount on natural gas bills for qualifying low-income households.
The Latino Restaurant Association (LRA) has awarded 23 grants of $3,500 each to independently owned restaurants in the Central Valley, funded by a $100,000 grant from SoCalGas. This initiative, celebrating Hispanic Heritage Month, supports restaurants in South Fresno, Kings, and Tulare counties. Since 2020, SoCalGas has contributed over $350,000 to the LRA's efforts in promoting Latino restaurateurs and small business owners.
The grants aim to help restaurants invest in equipment, dining gear, technology upgrades, employee benefits, or other essential needs. To qualify, restaurants had to meet specific criteria, including owning up to three locations, generating less than $1 million in annual revenue per location, and being in business for more than three years. This initiative is part of SoCalGas' ASPIRE 2045 Sustainability Strategy, which plans to invest $50 million over five years into the communities it serves.
SoCalGas CEO Scott Drury received the Shift Diverse Business Solutions (Shift DBS) Transformative Leader Award at their annual Investor-owned Utility Supplier Summit. The award recognizes Drury's exceptional leadership in sustainability, safety, and supplier diversity. In 2023, SoCalGas exceeded the CPUC's diverse spending goal for the 31st consecutive year, purchasing 44% of all goods and services from diverse businesses.
Under Drury's leadership, SoCalGas' ASPIRE 2045 sustainability strategy aims to achieve 45% spending with diverse business enterprises by 2025 and net zero greenhouse gas emissions in operations and energy delivery by 2045. The company's Supplier Diversity Program was recognized by the DOE's Office of Energy Justice and Equity, leading to SoCalGas hosting the Minority Business Enterprise (MBE) Connect Summit in April 2024.
SoCalGas has donated $75,000 to Brotherhood Crusade for the development of the Danny J. Bakewell, Sr. Community Garden in South Los Angeles. The garden, set to open in Spring 2025, aims to serve 200 families in its first year, addressing food insecurity and providing access to fresh produce. It will expand Brotherhood Crusade's Teaching Gardens program, offering education on urban agriculture, nutrition, and environmental stewardship.
The garden honors Danny J. Bakewell, Sr., who led Brotherhood Crusade for 35 years and is a prominent community leader. The project aligns with SoCalGas' ASPIRE 2045 sustainability goals, which include a $50 million investment to drive positive change in diverse and underserved communities over five years. This initiative addresses the issue of food deserts in Los Angeles, where 1.4 million Angelenos lack access to sufficient and healthy food.
