Southern California Gas Co, founded in 1867 and headquartered in Los Angeles, California, serves as the largest natural gas distribution utility in the United States. The company’s primary purpose is to deliver reliable, safe, and efficient natural gas service to over 22 million customers across 500 cities in Southern California, fostering energy solutions that support a sustainable future. Key offerings include residential and commercial natural gas distribution, renewable energy initiatives, and energy efficiency programs.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Southern California Gas Co has a notable history of bond issuance, beginning in the early 1900s as the company expanded its operations and infrastructure. One of the most significant bond issuances occurred in 2019, where the company issued $800 million in senior unsecured notes to refinance existing debt, reflecting its strong credit profile. Current bond yields are competitive within the utility sector, with 10-year bonds yielding approximately 3.5%, aligning with industry trends. The company's bonds are considered investment-grade, indicative of robust financial health and stability, making them an attractive option for investors seeking fixed income.