SoCalGas analysis says gas storage helps customers avoid over $120 million in winter costs

Reuters04-02

SoCalGas analysis says gas storage helps customers avoid over $120 million in winter costs

SoCalGas published analysis estimating four underground storage fields helped SoCalGas system customers avoid over $120 million in potential natural gas costs during Winter Storm Fern.
Stored supply reduced exposure to spot-price volatility, using gas bought at $3 per decatherm instead of buying at $30 per decatherm during storm period.
Withdrawals exceeded 8 billion cubic feet from Jan. 23 to Jan. 31, 2026.
Storage supplied nearly 60% of system demand at peak.
Aliso Canyon contributed about 30% of gas delivered to SoCalGas and SDG&E system at peak.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern California Gas Company published the original content used to generate this news brief on April 01, 2026, and is solely responsible for the information contained therein.

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