Welcome to our dedicated page for South Calif Gas news (Ticker: SOCGP), a resource for investors and traders seeking the latest updates and insights on South Calif Gas stock.
The news feed for STHN CAL GAS 6 A PR (SOCGP) focuses on developments at Southern California Gas Company (SoCalGas), the gas distribution utility whose preferred stock series includes SOCGP. SoCalGas describes itself as the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California, and is a subsidiary of Sempra.
Investors following SOCGP can use this page to track SoCalGas news that may be relevant to the utility’s operations, regulatory environment, and community activities. Recent press releases include recurring announcements of regular quarterly dividends on SoCalGas preferred stock and Preferred Stock, Series A, which encompass the preferred series associated with SOCGP. These dividend declarations provide direct information on cash distributions approved by the SoCalGas board of directors for its preferred stockholders.
Beyond dividends, SoCalGas news highlights energy-efficiency programs, renewable natural gas procurement under California’s SB 1440, and community initiatives such as wildfire recovery support, small business assistance, hunger relief efforts, and STEM education partnerships. These updates illustrate how the company is engaging with regulatory programs, responding to climate and energy policy in California, and working with local organizations.
Because SoCalGas operates in a regulated environment overseen by the California Public Utilities Commission, company news often intersects with regulatory decisions and policy developments that can influence its long-term outlook. By reviewing the SOCGP news stream, readers can monitor official SoCalGas communications that may inform their understanding of the utility’s risk profile, strategic initiatives, and ongoing ability to support preferred stock dividends.
SoCalGas (NYSE:SOCGP) reported significant achievements in its energy efficiency programs for 2024, helping customers save over $95 million on utility bills. The company's initiatives resulted in savings of 50 million net therms of energy, equivalent to the annual natural gas consumption of 125,000 California homes, while avoiding 260,000 metric tons of CO2 emissions.
Through its Marketplace and GoGreen programs, SoCalGas facilitated nearly $67 million in facility and appliance improvements. The company's water conservation efforts saved over 1 billion gallons of water in 2024, with an expected lifetime savings of 11 billion gallons. SoCalGas manages over 70 energy-efficiency programs and engaged with more than 2 million customers in 2024.
[ "Customer savings of over $95 million on utility bills in 2024", "Energy savings of 50 million net therms, equivalent to 125,000 homes' annual usage", "Facilitated $67 million in facility and appliance improvements", "Water conservation efforts saved over 1 billion gallons in 2024", "Engagement with more than 2 million customers through various programs", "Received ENERGY STAR Partner of the Year Award and Climate Registry's Organizational Leadership Award" ]SoCalGas (NYSE:SOCGP) has donated $75,000 to the Pasadena Chamber of Commerce Foundation to support small businesses affected by the Eaton Fire in Altadena, California. The funds will help cover essential expenses including relocation, equipment replacement, and operational restart costs for eligible businesses in the 91001 ZIP code area.
This initiative follows SoCalGas's previous $400,000 contribution to the YMCA of Metropolitan Los Angeles in January for Eaton Fire response. The company has successfully restored natural gas service to nearly 16,000 customers in the Eaton and Palisades fire areas. Business owners can apply for grants through the Pasadena Chamber Foundation website, with awards being determined jointly by the Pasadena Chamber Foundation and Altadena Chamber based on need and proposed fund usage.
SoCalGas and the Los Angeles Dodgers Foundation hosted a major STEM mentorship event at SoCalGas' Energy Resource Center, bringing together 50 students from various LA programs including Brotherhood Crusade and Dodgers Dreamteam.
The event featured interactive sessions on engineering, sustainability, and STEM in sports, along with networking opportunities with industry professionals. Students toured North America's first clean hydrogen-powered microgrid and home model at the LEED-certified facility.
Over the past five years, SoCalGas has demonstrated strong commitment to STEM education by:
- Sponsoring over 100 STEM events
- Awarding scholarships
- Donating more than $2.5 million to workforce development organizations
The initiative aims to create pathways for local youth into STEM careers while supporting innovation in the energy sector through partnerships with educational institutions and organizations offering training, mentorship, and career advancement opportunities.
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.