SoCalGas' Energy Efficiency Programs Save Customers More Than $95 Million in 2024

, /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today that its energy efficiency programs helped customers save more than $95 million on their utility bills last year. Customers saved more than 50 million net therms of energy, enough to meet the annual natural gas needs of nearly 125,000 California homes. These efforts also helped avoid more than 260,000 metric tons of CO2 emissions, or the equivalent of removing over 56,000 cars from the road for a year. Source: Southern California Gas Company "Our energy efficiency programs help give Californians practical ways to lower their energy use and reduce costs," said Andy Carrasco, vice president, communications and regional stakeholder engagement at SoCalGas. "Every therm saved represents a family that can heat their home more affordably, a small business that can run more efficiently or a school that can now spend more on students and less on energy costs." To make energy efficiency upgrades more accessible, SoCalGas has expanded financing through its Marketplace and GoGreen programs, which together helped support nearly $67 million in facility and appliance improvements for homes and small businesses. In addition to energy savings, SoCalGas' programs also help support water conservation through direct installation of high-efficiency water devices. These devices helped save more than one billion gallons of water in 2024 and are expected to help save a total of 11 billion gallons of water over their lifetime. "Thank you to SoCalGas for being a strong community partner," Pasadena Mayor Victor Gordo said. "Helping families and small businesses save energy and money is the kind of partnership that uplifts neighborhoods and builds a stronger, more sustainable community for everyone."SoCalGas currently administers over 70 customer-facing energy-efficiency programs, providing incentives and services to residential, commercial, industrial, agricultural, and public customers. Through direct installations, property assessments, and outreach, the company engaged more than 2 million customers in 2024, while educational programs reached over 30,000 students.In April 2024, SoCalGas was recognized for the second consecutive year with the ENERGY STAR Partner of the Year Award in Washington D.C. and was the only utility in California to be recognized. The following month, SoCalGas received the Organizational Leadership Award from The Climate Registry for its support of California's energy goals.Learn more about SoCalGas' energy efficiency programs and ways to save at https://www.socalgas.com/savings. Read the full report at https://www.socalgas.com/regulatory/efficiency.About SoCalGasSoCalGas is 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. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise.In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, 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: decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) negotiating pricing and other terms in definitive contracts, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining regulatory and other approvals and (v) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; changes, due to evolving economic, political and other factors, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries, and (ii) laws and regulations, including those related to tax; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and the imposition of tariffs and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; 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 Infrastructure Partners, Sempra Texas, 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 Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.SOURCE Southern California Gas Company WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

SoCalGas' Energy Efficiency Programs Save Customers More Than $95 Million in 2024

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