LOS ANGELES, Dec. 19 /PRNewswire/ -- Southern California Gas Company (The
Gas Company) today announced it has joined with the California Public
Utilities Commission (CPUC) Office of Ratepayer Advocates, The Utility Reform
Network (TURN), the Utility Workers Union of America, the Greenlining
Institute and the Southern California Generation Coalition to request that the
CPUC approve a comprehensive all-party settlement agreement reached in The Gas
Company's Cost-of-Service rate case.
The Cost-of-Service settlement establishes how much The Gas Company would
be allowed to charge in customer rates during 2004 to cover most of its costs,
including operating and maintenance expenses. The cost of purchasing natural
gas and transporting it to California is not covered by the settlement.
"This tentative settlement ensures that we will be able to continue to
provide safe and reliable energy and exceptional service to our customers and
generate a fair return to our shareholders on their investments," said Edwin
A. Guiles, chairman and chief executive officer of The Gas Company.
If adopted, the settlement will reduce customer delivery charges by $33
million from their current annual levels. Residential gas customers would see
roughly a 1 percent decrease in the average monthly natural gas bill. The
settlement can be found on the company's Web site at socalgas.com .
Under the CPUC's review process, the settlement parties filed their
detailed agreement with the Commission today, to be followed by written
comments and briefs with a final deadline of Feb. 19, 2004. The Commission
can act on the settlement anytime thereafter.
The Gas Company is the nation's largest natural gas distribution utility,
providing safe and reliable energy to 19 million consumers through 5.4 million
meters. The company's service territory encompasses 23,000 square miles in
most of central and Southern California. The Gas Company strives to provide
exceptional customer service to enhance the quality of life in the community.
The Gas Company is part of Sempra Energy Utilities -- Sempra Energy's
regulated California utilities. Sempra Energy (NYSE: SRE), based in San
Diego, is a Fortune 500 energy services holding company.
SOURCE Southern California Gas Company