Efficient Financing & Incremental Investment Opportunities
OPERATING HIGHLIGHTS
General Rate Case
2019
2023
Constructive General Rate Case
(GRC) cycle based on the Risk
Assessment Mitigation Phase
(RAMP) process
GRC provides visibility to capital
investments to help provide safe
and reliable service
. Petition for Modification Decision
establishes attrition rates for
2022-20231
Pipeline Safety +
Emissions Reduction
Executing on a strategy to achieve
at least a 40% emissions reduction
by 2030
Over 19% reduction in methane
emissions achieved to-date,
significantly ahead of 2025 goal of
20%2
2018 PSEP Reasonableness
Review awarded cost recovery of
$935M³
Top-Tier Wildfire
Mitigation Program
Recognized as a leader in wildfire
innovation and weather science
Continued investment in fire
hardening to support public safety
Strategic undergrounding with
100+ miles in HFTD by 20224
Sustainability
Progress
Announced goal to achieve net-
zero GHG emissions by 2045
across all 3 emission scopes
60,000 EVs, 7,500 EV chargers,
and 16% of customers with rooftop
solar in SDG&E's service territory
RNG represents nearly 4% of core
gas deliveries at SoCal Gas, with a
goal to reach 20% by 20306
The California Utilities are anchored by a strong commitment to safety, reliability and operational excellence
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6.
D.21-05-003 / SDG&E A.17-10-007, SoCal Gas A. 17-10-008.
SoCal Gas Natural Gas Leak Abatement Emission Report (June 2021), pending review before the CPUC. SB 1371 and D. 19-08-020 require California gas corporations to reduce methane emissions by 20% below 2015 baseline by 2025 and 40% below 2015
baseline by 2030.
Pipeline Safety Enhancement Plan (PSEP). D.20-08-034/A. 18-11-010. -$806M for SoCalGas and -$129M for SDG&E.
High Fire-threat District (HFTD).
4.5K 3rd party owned Level 2 and DC Fast Charge stations in SDG&E's service territory as of April 2021 per California Energy Commission and ~3K SDG&E-owned charging stations per semi-annual report filed with CPUC in April 2021. SDG&E proprietary IHS
Markit data as of Q1-2021. Total Light Duty EVs include battery electric and plug-in hybrid vehicles in SDG&E's service territory. ~212K residential rooftop solar customers as of May 2021.
Specifically, aim to provide 20% RNG to core customers as defined in SoCalGas' Tariff Rule No. 23, by 2030. SoCal Gas will need 18
the support of state regulations, such as the RNG targets or goals to be considered by the CPUC as part of SB 1440, in order to meet our 2030 goal.
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