SoCalGas Chief Executive Officer Scott Drury Joins Prestigious Wall Street Journal CEO Council
Apr 25, 2022
Drury joins influential leaders of companies from 25 different countries
LOS ANGELES, April 25, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced its Chief Executive Officer, Scott Drury, was recently selected to join the Wall Street Journal's CEO Council. The Wall Street Journal CEO Council brings together the most influential decision makers from around the world. Members of the CEO Council represent companies from a cross-section of industries that collectively employ more than 11 million people and generate more than $3 trillion in annual revenue.
"At SoCalGas we are leveraging our vast infrastructure, skilled workforce and our relationships with the business, academic, labor, and environmental communities to bring positive and lasting change to the communities we serve and to accelerate the transition to clean energy in California," said Scott Drury, SoCalGas Chief Executive Officer. "It is an honor to serve on the Wall Street Journal CEO Council alongside other top leaders who are working to shape a healthy and prosperous future for people here and around the world."
"To tackle big issues from climate change to energy security we need bold, dynamic and inclusive leadership; and that is exactly what Scott Drury brings to the table," said former Governor Gray Davis. Davis is the 2022 Co-Chair of the Southern California Leadership Counsel. "Scott's commitment to sustainability, innovation and community have positioned SoCalGas as a national leader on the path to net zero emissions and have contributed to California's reputation as a forerunner in a clean energy transition."
"Under Scott's leadership, SoCalGas is developing real solutions - like the Angeles Link green hydrogen proposal - to decarbonize sectors of the economy that wind and solar can't reach and help to increase the amount of reliable clean energy available in the region," said Supervisor Kathryn Barger, who represents Los Angeles County's Fifth District. "Thanks in part to Scott's efforts, L.A. County is well positioned to continue to grow sustainably without increasing greenhouse gas emissions or jeopardizing grid reliability."
Scott Drury became chief executive officer (CEO) of Southern California Gas Company (SoCalGas), a Sempra regulated California utility in 2020. Previously, Drury was the president of San Diego Gas & Electric (SDG&E), another Sempra regulated California utility. Under his leadership, SDG&E made significant strides in modernizing the energy grid to enhance safety and reliability, while providing customers with increasingly sustainable energy choices and creating long-term value for all stakeholders.
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About SoCalGas
SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. 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, strategies, goals, vision, mission, 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, denials of cost recovery, audits, investigations, inquiries, ordered studies, 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; changes to 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, (ii) due to the results of elections, and (iii) in trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries; 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 or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating 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 and storage systems or limitations on the injection and 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.