SoCalGas Successfully Tests Microgrid Demonstration Project in Downey

Contributing sentiments towards policy:

67% : By building on the benefits of using hydrogen generated by renewable energy, our city can continue to be at the forefront of technology and environmental sustainability."
64% : "The production of the first kilogram of renewable hydrogen by SoCalGas is a key milestone as we prepare to welcome visitors to our [H2] Innovation Experience in the coming months," said Neil Navin, Vice President of Clean Energy Innovations at SoCalGas.
62% : The project's electrolyzer, which uses solar power to split water, has now produced its first full kilogram of renewable hydrogen - the first ever produced by SoCalGas -- which is intended to power a fuel cell to provide power when solar isn't available.
62% : Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition -- providing electric grid reliability and supporting wind and solar energy deployment.
60% :SoCalGas has been at the forefront of clean energy innovation and is aggressively working to develop a suite of tools to help with those decarbonization efforts, particularly in hard-to-electrify sectors: hydrogen, hydrogen blending, renewable natural gas and carbon management, to name some of the clean energy tools being developed and employed as part of its overall clean energy strategy.
58% : Additionally, in February, the company proposed developing the Angeles Link, a dedicated green hydrogen energy infrastructure system for delivering clean reliable energy to the Los Angeles Basin to serve hard to electrify sectors of the economy like electric generation, heavy-duty transportation, and heavy industry and manufacturing.
47% : Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other regulatory and governmental bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of our counterparties to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may be disputed or not covered by insurers, may not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; inflationary and interest rate pressures, volatility in commodity prices, our ability to effectively hedge these risks, and their impact, as applicable, on our cost of capital and the affordability of customer rates; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control.

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