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Headquartered in Los Angeles, Southern California Gas Company is a subsidiary of Sempra, a Fortune 500 company based in San Diego. Its service area encompasses 23,000 sq mi (60,000 km 2) of diverse terrain throughout most of Central and Southern California, from just south of Sanger to the Mexican border.
Different methods of electricity generation can incur a variety of different costs, which can be divided into three general categories: 1) wholesale costs, or all costs paid by utilities associated with acquiring and distributing electricity to consumers, 2) retail costs paid by consumers, and 3) external costs, or externalities, imposed on society.
SDGE has implemented some of the highest rates for electricity in the United States. In 2023–2024 at about 41 cents per kilowatt-hour [36] [37] At the same time SDGE increased rates for customers San Diego Gas & Electric made more than $936 million in profit during 2023, up $21 million from the $915 million the company made in 2022. [38]
The three top executives at Sempra Energy, the parent company of SoCalGas and SDG&E, made $40 million in 2021, with pension benefits of $60 million awaiting them at retirement.
The utility had already increased electricity rates by about 7% on Jan. 1, along with a 3% hike by Pacific Gas and Electric Co. and 16% by San Diego Gas & Electric Co., according to filings with ...
While the MPSC approved a $35 million increase to Consumers Energy's natural gas rates, the settlement also included $82.5 million in bill credits.
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