BRIEF-Southern California Gas Co Says Storage Helps Capture 5-Year Low Natural Gas Prices

سيمبرا إنرجي
SOUTHERN CALIFORNIA GAS CO

Sempra

SRE

0.00

SOUTHERN CALIFORNIA GAS CO

SOCGP

0.00

- Southern California Gas Co SOCGP.PK:

  • SAYS THE COST IT PAYS FOR NATURAL GAS ON BEHALF OF RESIDENTIAL, SMALL BUSINESS CUSTOMERS ACROSS THE SERVICE AREAS REACHED FIVE-YEAR LOW FOR THE MARCH THROUGH MAY PERIOD IN 2026

  • SAYS THE COST AVERAGED 22.8 CENTS PER THERM DURING THE PERIOD

  • SAYS BILLED PRICE OF NATURAL GAS DECLINED STEADILY OVER THE SPRING, DROPPING FROM 35.7 CENTS PER THERM IN MARCH TO 16.9 CENTS IN APRIL AND 15.9 CENTS IN MAY – A 55% DECLINE FROM MARCH TO MAY

  • SAYS SYSTEM FLEXIBILITY, INCLUDING STORAGE AND ACCESS TO MULTIPLE SUPPLY BASINS, HELPS MANAGE COSTS BY ENABLING LOWER-COST GAS PURCHASES AND REDUCING EXPOSURE TO HIGHER-PRICED SUPPLY


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