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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 donates $100,000 to support restaurants, benefiting Latino and AAPI-owned businesses.
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DOE program awards $126M in grants to 106 projects for clean energy research and development. SoCalGas and ClearSign receive $1.6M to scale-up hydrogen-powered industrial burner prototype. SoCalGas provides additional $500K. Burner designed to operate on up to 100% hydrogen for decarbonization of high-heat industrial processes.
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SoCalGas donates $100,000 to LA Regional Food Bank, part of $4 million initiative to address food insecurity.
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SoCalGas declares regular quarterly dividends for preferred series stock.
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SoCalGas supports Gov. Newsom's strategy to develop a hydrogen economy in California, stating that clean, renewable hydrogen will play a critical role in reaching the state's climate goals.
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Southern California Gas Co. (SoCalGas) has filed an application for a pilot project to convert organic waste into renewable natural gas (RNG). The project, if approved, would be the largest RNG project in California, producing up to 4.5 billion cubic feet of fuel annually. It could reduce carbon emissions and create jobs.
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SoCalGas announces a $200,000 community investment grant to support Central California Food Bank's programs in Fresno, Kings, and Tulare counties. The donation will help provide nearly 93,000 meals and support healthy and culturally appropriate food options for underserved communities. Through the end of 2023, the grant will serve a total of 4,590 individuals in Tulare County, 1,020 individuals in Kings County, and 1,530 individuals in Fresno County each month.
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SoCalGas (Southern California Gas Company) Awards Over $300,000 in Scholarships to Students in Central and Southern California. The SoCalGas Scholarship Program has awarded more than $3.5 million over 22 years to students pursuing majors in Science, Technology, Engineering, Math, Finance, Accounting, Business Administration, Plumbing, Electrical HVAC, or Welding. The program aims to remove traditional barriers of higher education and has 80% of this year's scholarship recipients identifying as BIPOC.
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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