LOS
ANGELES, Sept. 9, 2024 /PRNewswire/ -- Southern
California Gas Co. (SoCalGas) announced today it will make
$1.5 million available to provide
funds for 50 fuel cards to help accelerate the transition to low-
and zero-emissions vehicles in the heavy-duty transportation
sector. For 90-days, starting today through Dec. 8, 2024, companies that purchase a
qualifying vehicle can apply for a fuel card through SoCalGas' Low
Carbon Fuel Standard (LCFS) Fuel Card Incentive Program. The
$30,000 fuel card is designed to help
support the transition to cleaner fuels in alignment with the
California Air Resource Board (CARB) Scoping Plan for reaching
carbon neutrality, by decreasing the demand for petroleum fuels to
help reduce greenhouse gas emissions and improve air quality.
"As a company with approximately 5,000 light-, medium- and
heavy-duty vehicles, as well as trailers and equipment, we
understand the financial challenges that come with transitioning to
a low- or zero-emissions fleet," said Jawaad Malik, chief strategy and sustainability
officer at SoCalGas. "By implementing innovative incentives like
these fuel cards, we can help provide commercial fleet owners with
significant cost savings to encourage their transition to a cleaner
fleet, which ultimately contributes to a healthier environment and
a more sustainable and resilient economy for California."
Under the CARB LCFS program, SoCalGas receives credits for
procuring low emissions fuels. The credits lower fuel prices at
SoCalGas' 16 public access stations, which dispense 100% renewable
natural gas (RNG). The creation of a fuel card incentive program is
an additional way SoCalGas is giving credits back to customers in
its service area to further support California's climate and clean air goals.
"We are excited that SoCalGas is offering this fuel card program
that will provide significant savings for fleet operators," said
Hal Meriwether, regional general
manager for Rush Truck Centers in California. "As the nation's leading supplier
of natural gas vehicles and consulting services, we are committed
to helping customers make the best decisions for their business.
This initiative makes the adoption of low- and zero-emission trucks
more financially attractive for California fleets."
To participate in the SoCalGas LCFS Fuel Card Incentive Program
applicants must purchase a Class 8 Heavy-Duty natural gas truck on
or after the launch date of Sept. 9,
2024. Prioritization will be given to fleets with fewer than
10 vehicles. Selected applicants will receive a fuel card worth
$30,000 that can be used at SoCalGas
public access stations, while cards last.
"We appreciate the collaboration with SoCalGas and their
commitment to supporting and growing the renewable natural gas
market," said Mark Jamieson,
business development director at Cummins Alternative Technologies.
"We're grateful this program will encourage heavy-duty and line
haul fleets to experience renewable natural gas with the new
Cummins X15N and the emission reductions that it can deliver."
SoCalGas is a leader among utilities in its sustainability goals
and was among the first and largest natural gas distribution
utilities in the United States to
announce its aim to achieve net-zero GHG emissions by 2045. As part
of its ASPIRE 2045 sustainability strategy, SoCalGas has converted
38% of its over-the-road fleet1 to alternative fuel
vehicles (AFV) with an aim to reach 50% by 2025 and operate a 100%
zero-emissions fleet by 20352. SoCalGas was also
recognized with the Leading Private Fleet Award at the Advanced
Clean Transportation (ACT) Expo in 2022 acknowledging the company's
efforts to go above and beyond what is required to achieve
sustainability in fleet operations.
The LCFS program was initially implemented in 2011 and is
designed to encourage the use of cleaner low-carbon transportation
fuels in California and the
production of those fuels to reduce GHG emissions in the
transportation sector. Learn more about SoCalGas' LCFS Fuel Card
Incentive Program at socalgas.com/FuelCard.
About SoCalGas
SoCalGas is the largest gas distribution utility in the United States serving approximately 21
million consumers across approximately 24,000 square miles of
Central and Southern California.
SoCalGas' mission is to build the cleanest, safest, most innovative
energy infrastructure company in America. SoCalGas aims to deliver
affordable, reliable, and increasingly renewable gas service
through its pipelines to help advance California's clean energy transition by
supporting energy system reliability and resiliency and enabling
the integration of renewable resources. SoCalGas is a recognized
leader in its industry and community, as demonstrated by being
named one of Reuters' Top 100 Innovators Leading the Global Energy
Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. 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, strategy, goals, vision, mission,
opportunities, 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, investigations,
inquiries, 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) completing
construction projects or other transactions on schedule and budget,
(ii) realizing anticipated benefits from any of these efforts if
completed, (iii) obtaining third-party consents and approvals and
(iv) third parties honoring their contracts and commitments;
macroeconomic trends or other factors that could change our capital
expenditure plans and their potential impact on rate base or other
growth; litigation, arbitration and other proceedings, and changes
(i) to laws and regulations, including those related to tax and
trade policy and (ii) due to the results of elections;
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 on favorable terms and meet our obligations, including
due to (i) actions by credit rating agencies to downgrade our
credit ratings or place those ratings on negative outlook, (ii)
instability in the capital markets, or (iii) rising 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 (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 system or limitations on the 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
1 Over-the-road fleet refers to light-, medium-,
and/or heavy-duty company fleet vehicles.
2 Dependent on functional application and availability
of vehicle products.
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SOURCE Southern California Gas Company
