LOS
ANGELES, Aug. 10, 2022 /PRNewswire/ -- The board of
directors of Southern California Gas Co. (SoCalGas) has declared
regular quarterly dividends for the preferred series stock of the
company as follows:
SoCalGas:
|
|
Preferred
Stock
|
$0.375 per
share
|
Preferred Stock, Series
A
|
$0.375 per
share
|
The dividends are payable on October 15,
2022, to shareholders of record on September 10, 2022.
About SoCalGas
Headquartered in Los Angeles, SoCalGas® is
the largest gas distribution
utility in the United States. SoCalGas delivers
affordable, reliable, and increasingly renewable gas service to
21.8 million consumers across 24,000 square miles of
Central and Southern California. Gas delivered through the
company's pipelines will continue to play a key role
in California's clean energy transition—providing
electric grid reliability and supporting wind and solar energy
deployment.
SoCalGas' mission is to build the cleanest, safest and most
innovative energy company in America. In support of that mission,
SoCalGas aspires to achieve net-zero greenhouse gas
emissions in its operations and delivery of energy by 2045 and
to replacing 20 percent of its traditional natural gas supply to
core customers with renewable natural gas (RNG) by 2030. Renewable
natural gas is made from waste created by dairy farms, landfills,
and wastewater treatment plants. SoCalGas is also committed to
investing in its gas delivery infrastructure while keeping bills
affordable for customers. SoCalGas is a subsidiary
of Sempra (NYSE: SRE), an energy services holding company
based in San Diego.
For more information visit socalgas.com/newsroom or
connect with SoCalGas
on Twitter (@SoCalGas), Instagram (@SoCalGas)
and Facebook.
This press release contains statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based on assumptions with respect to the future,
involve risks and uncertainties, and are not guarantees. Future
results may differ materially from those expressed or implied in
any forward-looking statements. These forward-looking statements
represent our estimates and assumptions only as of the date of this
press release. We assume no obligation to update or revise any
forward-looking statement as a result of new information, future
events or other factors.
In this press release, forward-looking statements can be
identified by words such as "believes," "expects," "intends,"
"anticipates," "contemplates," "plans," "estimates," "projects,"
"forecasts," "should," "could," "would," "will," "confident,"
"may," "can," "potential," "possible," "proposed," "in process," "
construct," "develop," "opportunity," "target," "outlook,"
"maintain," "continue," "progress," "advance," "goal," "aim,"
"commit," or similar expressions, or when we discuss our guidance,
priorities, strategy, goals, vision, mission, opportunities,
projections, intentions or expectations.
Factors, among others, that could cause actual results and
events to differ materially from those expressed or implied in any
forward-looking statement include risks and uncertainties relating
to: decisions, investigations, regulations, issuances or
revocations of permits and other authorizations, renewals of
franchises, and other actions by (i) the California Public
Utilities Commission (CPUC), U.S. Department of Energy, and other
regulatory and governmental bodies and (ii) the U.S. and states,
counties, cities and other jurisdictions therein in which we do
business; the success of business development efforts and
construction projects, including risks in (i) completing
construction projects or other transactions on schedule and budget,
(ii) realizing anticipated benefits from any of these efforts if
completed, and (iii) obtaining the consent or approval of partners
or other third parties, including governmental and regulatory
bodies; civil and criminal litigation, regulatory inquiries,
investigations, arbitrations and other proceedings, including those
related to the natural gas leak at the Aliso Canyon natural gas
storage facility; changes to laws and regulations; cybersecurity
threats, including by state and state-sponsored actors, to the
energy grid, storage and pipeline infrastructure, information and
systems used to operate our businesses, and confidentiality of our
proprietary information and personal information of our customers
and employees, including ransomware attacks on our systems and the
systems of third-parties with which we conduct business, all of
which have become more pronounced due to recent geopolitical events
and other uncertainties, such as the war in Ukraine; failure of our counterparties to
honor their contracts and commitments; actions by credit rating
agencies to downgrade our credit ratings or to place those ratings
on negative outlook and our ability to borrow on favorable terms
and meet our debt service obligations; the impact of energy and
climate policies, laws, rules and disclosures, as well as related
goals and actions of companies in our industry, including actions
to reduce or eliminate reliance on natural gas generally and any
deterioration of or increased uncertainty in the political or
regulatory environment for California natural gas distribution companies
and the risk of nonrecovery for stranded assets; the pace of the
development and adoption of new technologies in the energy sector,
including those designed to support governmental and private party
energy and climate goals, and our ability to timely and
economically incorporate them into our business; weather, natural
disasters, pandemics, accidents, equipment failures, explosions,
acts of terrorism, information system outages or other events that
disrupt our operations, damage our facilities and systems, cause
the release of harmful materials, cause fires or subject us to
liability for damages, fines and penalties, some of which may be
disputed or not covered by insurers, may not be recoverable through
regulatory mechanisms or may impact our ability to obtain
satisfactory levels of affordable
insurance; inflationary and interest rate pressures, volatility
in commodity prices, our ability to effectively hedge these risks,
and their impact, as applicable, on our cost of capital and the
affordability of customer rates; the availability of natural gas
and natural gas storage capacity, including disruptions caused by
limitations on the withdrawal of natural gas from storage
facilities; the impact of the COVID-19 pandemic on capital
projects, regulatory approvals and the execution of our operations;
changes in tax and trade policies, laws and regulations, including
tariffs, revisions to international trade agreements and sanctions,
such as those that have been imposed and that may be imposed in the
future in connection with the war in Ukraine, which may increase our costs, reduce
our competitiveness, impact our ability to do business with certain
counterparties, or impair our ability to resolve trade disputes;
and other uncertainties, some of which are difficult to predict and
beyond our control.
These risks and uncertainties are further discussed in the
reports that the company has filed with the U.S. Securities and
Exchange Commission (SEC). These reports are available through the
EDGAR system free-of-charge on the SEC's website, www.sec.gov, and
on Sempra's website, www.sempra.com. Investors should not rely
unduly on any forward-looking statements.
Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas
Utilities, Oncor Electric Delivery Company LLC (Oncor) and
Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not
the same companies as the California utilities, San Diego Gas &
Electric Company or Southern California Gas Company, and Sempra
Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas
Utilities, Oncor and IEnova are not regulated by the CPUC.
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SOURCE Southern California Gas Company