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As the nation's largest natural gas distribution utility, Southern California Gas Co. (SoCalGas) delivers clean, safe, and reliable energy to 21.6 million consumers through 5.9 million meters in over 500 communities across central and southern California. Their 20,000 square miles service territory spans diverse terrain, offering hydrogen technology solutions to decarbonize fleets and reduce greenhouse gas emissions. SoCalGas is committed to sustainability, with a goal to achieve a 100% zero-emissions fleet by 2035, focusing on alternative fuels like hydrogen, renewable natural gas, and battery electric.
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SoCalGas recently hosted the U.S. Department of Energy's Second Annual Minority Business Summit, bringing together 700 diverse business leaders from 33 states to emphasize the importance of diverse spending.
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SoCalGas collaborates with Electrochaea and LLNL to develop a single-stage electro-bioreactor for synthetic biomethane production, potentially revolutionizing biomethane production and decarbonizing gas infrastructure. The project aims to increase RNG yield and reduce greenhouse gas emissions, supported by a $1 million DOE grant. The technology could enable the decarbonization of the natural gas grid infrastructure, aligning with California's carbon neutrality goals by 2045.
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SoCalGas Unveils Revamped Storefront at JA Finance Park to Educate Students on Clean Energy and Financial Literacy
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SoCalGas announces $1 million Gas Assistance Fund to support eligible customers with grants of up to $200 for natural gas bills in 2024. The Fund is based on total household income and size, aiming to help customers manage their energy consumption and reduce bills. SoCalGas collaborates with United Way of Greater Los Angeles to assist income-qualified customers, offering various energy-saving programs and services.
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Southern California Gas Company, Kenworth Truck Company, and Toyota Motor North America display hydrogen fuel cell electric vehicles at World Ag Expo to promote decarbonization and reduce emissions. SoCalGas aims to convert 50% of its fleet to alternative fuels by 2025 and achieve a 100% zero emissions fleet by 2035, highlighting the importance of hydrogen technology in reducing greenhouse gas emissions and improving air quality.
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SoCalGas has announced regular quarterly dividends for its preferred series stock, with a payout of $0.375 per share. The dividends are payable on April 15, 2024, to shareholders of record on March 10, 2024.
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Southern California Gas Company (SoCalGas) successfully installed Nostromo Energy's IceBrick system at the Beverly Hilton and Waldorf Astoria hotels, reducing the need for air conditioning during peak electric demand, cutting energy use and costs, and decreasing greenhouse gas emissions. The IceBrick system uses off-peak electricity to convert water into ice, which is then used to cool the building's air conditioning system during peak demand hours. SoCalGas has supported nearly 4,000 projects applying for over $300 million in incentives, with energy efficiency programs reducing greenhouse gas emissions by 1.2 million metric tons of carbon dioxide.
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California Restaurant Foundation (CRF) awards $5,000 grants to 88 independently owned restaurants in Central and Southern California, supported by SoCalGas' $1,000,000 donation. The grants aim to aid small businesses with equipment upgrades, employee retention, and training, totaling $2.1 million in funding.
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Southern California Gas Company (SoCalGas) (Ticker: SCG) announced the display of an innovative technology developed by UCLA researchers at the 28th session of the Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change. The technology aims to produce hydrogen and high-quality cylindrical graphite using renewable solar energy and biogas, potentially applicable to fuel cells, microgrids, and utility-scale hydrogen production.
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SoCalGas (SCG): The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company. The dividends for Preferred Stock and Preferred Stock, Series A are $0.375 per share. The dividends are payable on January 15, 2024, to shareholders of record on December 10, 2023.
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FAQ
What is the current stock price of South Calif Gas (SOCGP)?
The current stock price of South Calif Gas (SOCGP) is $25.26 as of February 21, 2025.
What is the market cap of South Calif Gas (SOCGP)?
The market cap of South Calif Gas (SOCGP) is approximately 2.3B.
What is SoCalGas known for?
SoCalGas is the nation's largest natural gas distribution utility, providing clean, safe, and reliable energy to millions of consumers across central and southern California.
What are SoCalGas' sustainability goals?
SoCalGas aims to achieve a 100% zero-emissions fleet by 2035 through the use of alternative fuels like hydrogen, renewable natural gas, and battery electric vehicles.
How does SoCalGas contribute to decarbonization efforts?
SoCalGas offers hydrogen technology solutions to help decarbonize fleet operations and reduce greenhouse gas emissions from transportation sectors.
What is SoCalGas' service territory like?
SoCalGas' service territory spans approximately 20,000 square miles with diverse terrain throughout central and southern California.
What are some of SoCalGas' achievements?
SoCalGas has converted 38% of its fleet to run on alternative fuels and is actively working towards a 100% zero-emissions fleet by 2035.
South Calif Gas
OTC:SOCGP
SOCGP Rankings
SOCGP Stock Data
2.34B
783.03k
Pipeline Transportation of Natural Gas
Transportation and Warehousing
United States
Los Angeles