Southern California Gas Company (SoCalGas) announced that its board of directors has approved the retirement of all outstanding shares of its 6% Preferred Stock and 6% Preferred Stock, Series A, each with $25 par value. The action follows shareholder approval of an amended and restated charter authorizing the retirement.
SoCalGas plans to file the Restated Charter on Aug. 17, 2026, the Retirement Date, when each preferred share will be automatically retired for a cash payment of $31.135616 per share, equal to $31.00 plus accrued and unpaid dividends to but excluding that date. The payment is payable on the Retirement Date to holders of record on that day. Afterward, no preferred or Series A preferred shares will be outstanding, and related certificates will represent only the right to receive the cash. SoCalGas also plans to withdraw SOCGM and SOCGP from OTCQB quotation after market close on Aug. 13, 2026.
SoCalGas, a subsidiary of Sempra (NYSE:SRE), will hold a Special Meeting on July 13, 2026 to seek approval to retire all outstanding 6% preferred shares.
Holders of record on May 18, 2026 would receive $31.00 per share in cash, plus accrued and unpaid dividends, a premium of over 20% to recent prices, estimated fair value and par value.
SoCalGas (NYSE:SRE) will provide safety, energy-affordability, and reliability resources at the World Ag Expo on Feb. 9, 2026, with staff answering customer questions and sharing bill-assistance and energy-efficiency information.
The company will highlight pipeline safety (call 811 before digging) and showcase onsite microgrid and combined heat and power (CHP) solutions developed with BSD Builders, including 10 active development projects designed for fuel-flexible continuous power for critical facilities. The SoCalGas booth is at the corner of H and Median Street; visit socalgas.com for details.
Southern California Gas Company (SoCalGas) has received the 'Organizational Leadership Award' from The Climate Registry at the Climate Leadership Conference for its ASPIRE 2045 sustainability strategy. This award recognizes SoCalGas' leadership in reducing greenhouse gas (GHG) emissions and addressing climate change. The company's initiatives include surpassing California's goal by reducing fugitive and vented methane emissions by 20% from a 2015 baseline by 2025, converting 38% of its fleet vehicles to alternative fuels, and aiming for a 100% zero emissions vehicle fleet by 2035. SoCalGas has also delivered 5% renewable natural gas to core customers in 2023, with a goal of 20% by 2030. SoCalGas has also received the 'Business Transformation Award' from Reuters Events and has been recognized for its clean hydrogen microgrid project.