SOUTHERN CALIFORNIA GAS COMPANY (OTCMKTS:SOCGP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 18, 2018, the Board of Directors (the “Board”) of Southern California Gas Company (the “Company”) appointed J. Bret Lane as the Chief Executive Officer and determined that he will cease being the Chief Operating Officer, in both cases effective December 18, 2018. He will continue as the President. Mr. Lane became the Principal Executive Officer of the Company effective November 17, 2018 (which was previously reported on November 2, 2018) and will continue as the Principal Executive Officer following the foregoing actions by the Board.
About SOUTHERN CALIFORNIA GAS COMPANY (OTCMKTS:SOCGP)
Southern California Gas Company (SoCalGas) sells, distributes and transports natural gas. SoCalGas purchases and stores natural gas for its customers and San Diego Gas & Electric Company (SDG&E)’s customers on a combined portfolio basis and provides natural gas storage services for others. Its noncore customers at SoCalGas consist primarily of electric generation, wholesale, large commercial and industrial, and oil recovery customers. SoCalGas’ wholesale customers are primarily other investor-owned utilities (IOUs), including SDG&E, or municipally owned natural gas distribution systems. It purchases natural gas under short-term and long-term contracts for the California Utilities’ customers. SoCalGas purchases natural gas from Canada, the United States Rockies and the southwestern United States to meet its and SDG&E’s customer requirements and maintain supply reliability. It purchases some California natural gas production and additional supplies delivered directly to California.
