Bond South Coast Gas 4.45% ( US842434CL46 ) in USD

Issuer South Coast Gas
Market price refresh price now   100 %  ▲ 
Country  United States
ISIN code  US842434CL46 ( in USD )
Interest rate 4.45% per year ( payment 2 times a year)
Maturity 15/03/2044



Prospectus brochure of the bond Southern California Gas US842434CL46 en USD 4.45%, maturity 15/03/2044


Minimal amount 1 000 USD
Total amount 250 000 000 USD
Cusip 842434CL4
Standard & Poor's ( S&P ) rating A+ ( Upper medium grade - Investment-grade )
Moody's rating Aa3 ( High grade - Investment-grade )
Next Coupon 15/09/2026 ( In 164 days )
Detailed description Southern California Gas Company (SoCalGas) is the largest natural gas distribution company in the United States, serving approximately 21.8 million consumers in Southern California.

The Bond issued by South Coast Gas ( United States ) , in USD, with the ISIN code US842434CL46, pays a coupon of 4.45% per year.
The coupons are paid 2 times per year and the Bond maturity is 15/03/2044

The Bond issued by South Coast Gas ( United States ) , in USD, with the ISIN code US842434CL46, was rated Aa3 ( High grade - Investment-grade ) by Moody's credit rating agency.

The Bond issued by South Coast Gas ( United States ) , in USD, with the ISIN code US842434CL46, was rated A+ ( Upper medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.







Final Prospectus Supplement
http://www.sec.gov/Archives/edgar/data/92108/000119312514093141/d...
424B2 1 d689599d424b2.htm FINAL PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-182557

PROSPECTUS SUPPLEMENT
(To Prospectus dated August 16, 2012)
4.45% First Mortgage Bonds, Series OO, due 2044


The 4.45% First Mortgage Bonds, Series OO, due 2044 (the "Series OO bonds") will mature on March 15, 2044. Interest on the
Series OO bonds will accrue from March 13, 2014 and is payable on March 15 and September 15 of each year, beginning on
September 15, 2014. The Series OO bonds will be redeemable prior to maturity, at our option, at the redemption prices described in
this prospectus supplement.


Investing in the Series OO bonds involves risks. See the "Risk Factors" section on page S-2 of this
prospectus supplement.

Per Series


OO Bond
Total

Public offering price(1)

99.393%
$248,482,500
Underwriting discounts

0.875%
$ 2,187,500
Proceeds to Southern California Gas Company (before expenses)(1)

98.518%
$246,295,000

(1) Plus accrued interest from March 13, 2014 if settlement occurs after that date.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of
these securities, or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
We expect the Series OO bonds will be ready for delivery through The Depository Trust Company on or about March 13, 2014.


Joint Book-Running Managers

Citigroup
Credit Agricole CIB
Loop Capital Markets Morgan Stanley
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Co-Managers

Blaylock Beal Van, LLC

Great Pacific Securities


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This document is in two parts. The first part is this prospectus supplement, which describes the specific terms of the
offering of the Series OO bonds and also adds to and updates information contained in the accompanying prospectus and the
documents incorporated by reference in the accompanying prospectus. The second part is the accompanying prospectus, which
gives more general information, some of which does not apply to the Series OO bonds. If the description of the Series OO
bonds or the offering of the Series OO bonds varies between this prospectus supplement and the accompanying prospectus,
you should rely on the information in this prospectus supplement.
You should rely only on the information contained or incorporated by reference in this prospectus supplement, in the
accompanying prospectus and in any related free writing prospectus issued by us. We have not, and the underwriters have not,
authorized any other person to provide you with different information. If anyone provides you with different or inconsistent
information, you should not rely on it. You should assume that the information appearing in this prospectus supplement, the
accompanying prospectus and any such free writing prospectus is accurate only as of the date on their respective covers and
that the information contained in documents incorporated by reference is accurate only as of the respective dates that those
documents were filed with the Securities and Exchange Commission. Our business, financial condition, results of operations
and prospects may have changed since that date.
The distribution of this prospectus supplement, the accompanying prospectus and any related free writing prospectus
filed with the Securities and Exchange Commission and the offering of the Series OO bonds in certain jurisdictions may be
restricted by law. Persons into whose possession this prospectus supplement, the accompanying prospectus and any such free
writing prospectus come should inform themselves about and observe any such restrictions. This prospectus supplement, the
accompanying prospectus and any such free writing prospectus do not constitute, and may not be used in connection with, an
offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorized or in which the person
making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or
solicitation. See "Underwriting."

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TABLE OF CONTENTS
PROSPECTUS SUPPLEMENT

Forward-Looking Statements
iii

Summary Information
S-1

Risk Factors
S-2

Use of Proceeds
S-3

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
S-3

Supplemental Description of First Mortgage Bonds
S-4

Underwriting
S-8

Legal Matters
S-10
Experts
S-10
PROSPECTUS

About this Prospectus
i

Southern California Gas Company
1

Risk Factors
2

Use of Proceeds
3

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
3

Description of Offered Securities
4

Description of Senior Debt Securities
5

Description of First Mortgage Bonds
13

Description of Preferred Stock
26

Global Securities
29

Plan of Distribution
32

Legal Matters
33

Experts
33

Where You Can Find More Information; Incorporation by Reference
33


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FORWARD-LOOKING STATEMENTS
This prospectus supplement, the accompanying prospectus and the documents they incorporate by reference contain, and any
related free writing prospectus issued by us may contain, statements that are not historical fact and constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are necessarily
based upon assumptions with respect to the future, involve risks and uncertainties, and are not guarantees of performance. These
forward-looking statements represent our estimates and assumptions only as of the respective dates of the documents in which such
forward-looking statements appear. We assume no obligation to update or revise any forward-looking statement as a result of new
information, future events or other factors. When we use words like "believes," "expects," "anticipates," "plans," "estimates,"
"projects," "forecasts," "contemplates," "intends," "depends," "should," "could," "would," "will," "may," "potential," "target,"
"pursue," "goals," "outlook," "maintain" or similar expressions, or when we discuss our guidance, strategy, plans, goals,
opportunities, projections, initiatives, objectives or intentions, we are making forward-looking statements. Factors, among others, that
could cause our actual results and future actions to differ materially from those described in forward-looking statements include:

·
local, regional, national and international economic, competitive, political, legislative and regulatory conditions and

developments;

·
actions and the timing of actions by the California Public Utilities Commission, California State Legislature, U.S.

Department of Energy, Federal Energy Regulatory Commission, California Energy Commission, California Air Resources
Board, and other regulatory, governmental and environmental bodies in the United States;


·
capital markets conditions, including the availability of credit and the liquidity of our investments;

·
the timing and success of business development efforts and construction, maintenance and capital projects, including risks

in obtaining permits, licenses, certificates and other authorizations on a timely basis and risks in obtaining adequate and
competitive financing for such projects;


·
inflation, interest and exchange rates;


·
the impact of benchmark interest rates, generally Moody's A-rated utility bond yields, on our cost of capital;


·
energy markets, including the timing and extent of changes and volatility in commodity prices;

·
the availability of electric power, natural gas and liquefied natural gas, including disruptions caused by failures in the

North American transmission grid, pipeline explosions and equipment failures;


·
weather conditions, natural disasters, catastrophic accidents, and conservation efforts;


·
wars, terrorist attacks and cybersecurity threats;


·
business, regulatory, environmental and legal decisions and requirements;

·
the inability or determination not to enter into long-term supply and sales agreements or long-term firm capacity

agreements;


·
the resolution of litigation; and


·
other uncertainties, all of which are difficult to predict and many of which are beyond our control.
Investing in the Series OO bonds involves risk. In addition to the foregoing, please see the "Business," "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and the other information in our
Annual Report on Form 10-K for the fiscal year ended December 31, 2013, which is incorporated by reference in this prospectus
supplement and the accompanying prospectus. Before making an investment decision, you should carefully consider these risks as
well as other information contained or incorporated by reference in this prospectus supplement and the accompanying prospectus and
any related free

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writing prospectus filed with the Securities and Exchange Commission. The risks and uncertainties not presently known to us or that
we currently deem immaterial may also impair our business operations, financial results and the value of the Series OO bonds.
We caution you not to rely unduly on any forward-looking statements and we urge you to review and consider carefully the risks,
uncertainties and other factors that affect our business and are discussed in more detail in our reports and other documents on file with
the Securities and Exchange Commission that are incorporated by reference into the accompanying prospectus. You may obtain copies
of these reports and documents as described under "Where You Can Find More Information; Incorporation by Reference" in the
accompanying prospectus.

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SUMMARY INFORMATION
The following information supplements, and should be read together with, the information contained in the accompanying
prospectus. You should carefully read this prospectus supplement, the accompanying prospectus and any related free writing
prospectus, as well as the documents they incorporate by reference, before making an investment decision. The terms "we," "our"
and "us" are used in this document for purposes of convenience and, unless otherwise expressly stated, are intended to refer to
Southern California Gas Company and its subsidiaries, either individually or collectively, as the context may require.
Southern California Gas Company
We are the nation's largest natural gas distribution utility and an indirect subsidiary of Sempra Energy, a California-based
Fortune 500 energy services holding company. For additional information concerning us, you should refer to the information
described under the caption "Where You Can Find More Information; Incorporation by Reference" in the accompanying
prospectus.
Our offices are located at 555 West Fifth Street, Los Angeles, California 90013 and our telephone number is
(213) 244-1200.


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RISK FACTORS
Investment in the Series OO bonds involves risks. You should carefully consider the risk factors incorporated by reference to
our Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission, and all
other information contained or incorporated by reference into this prospectus supplement and the accompanying prospectus, as
updated by our subsequent filings under the Securities Exchange Act of 1934, as amended, before acquiring any of such securities.
The occurrence of any of these risks might cause you to lose all or part of your investment in the offered securities. See also
"Forward-Looking Statements."

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USE OF PROCEEDS
The net proceeds from the sale of the Series OO bonds will be used for the repayment of our 5.5% first mortgage bonds, Series
LL, due 2014, which mature on March 15, 2014. We estimate that the expenses for this offering, excluding underwriting discounts,
will be approximately $500,000.
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
The following table sets forth the ratio of our earnings to fixed charges and the ratio of our earnings to combined fixed charges
and preferred dividends for each of the fiscal years in the five-year period ended December 31, 2013:



Year Ended December 31,


2013 2012 2011 2010 2009
Ratio of Earnings to Fixed Charges
7.23 5.72 6.51 7.24 6.56
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
7.05 5.58 6.35 7.05 6.39
We determine the ratio of earnings to fixed charges by dividing (a) the sum of pretax income from continuing operations (less
capitalized interest) and fixed charges by (b) fixed charges consisting of all interest expense (before allowances for borrowed funds
used during construction), a portion of rent expenses which approximates the interest component of such expense, and amortization of
debt issuance costs.
We determine the ratio of earnings to combined fixed charges and preferred stock dividends by dividing (a) the sum of pretax
income from continuing operations (less capitalized interest) and fixed charges by (b) the sum of (i) fixed charges consisting of all
interest expense (before allowances for borrowed funds used during construction), a portion of rent expenses which approximates the
interest component of such expense, and amortization of debt issuance costs and (ii) preferred stock dividends.

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SUPPLEMENTAL DESCRIPTION OF FIRST MORTGAGE BONDS
The Series OO bonds offered by this prospectus supplement are a series of our first mortgage bonds as described below and in
the accompanying prospectus. The Series OO bonds will be issued under a supplemental indenture and the applicable indenture
referred to in the accompanying prospectus, each between us, as issuer, and U.S. Bank National Association, as trustee. We have
summarized below selected provisions of the supplemental indenture applicable to the Series OO bonds. The summary of the
provisions of our first mortgage bonds contained in the accompanying prospectus applies to the provisions of the Series OO bonds,
except that the summary of selected provisions of the Series OO bonds and the supplemental indenture set forth below supplements
and, to the extent inconsistent, supersedes and replaces the description of the general terms and provisions of our first mortgage bonds
and the indenture contained in the accompanying prospectus. This summary is not complete and is qualified by reference to provisions
of the Series OO bonds, the supplemental indenture and the indenture. Terms used in this section but not defined have the meanings
given to those terms in the accompanying prospectus or, if not defined in the accompanying prospectus, in the supplemental indenture
or the indenture. As used in this section, references to the "indenture" mean the mortgage bond indenture (as defined in the
accompanying prospectus) and as used in this section and under the caption "Description of First Mortgage Bonds" in the
accompanying prospectus, references to "we," "our" and "us," mean Southern California Gas Company excluding its subsidiaries,
unless otherwise expressly stated or the context otherwise requires.
General
The Series OO bonds will constitute a series of first mortgage bonds under the indenture, initially limited to $250 million
aggregate principal amount.
The Series OO bonds will mature on March 15, 2044. The Series OO bonds will bear interest at the rate of 4.45% per annum,
accruing from March 13, 2014. Interest on the Series OO bonds will be payable semiannually in arrears on March 15 and September
15 of each year, commencing September 15, 2014, to the persons in whose names the Series OO bonds are registered at the close of
business on the March 1 or September 1, as the case may be, next preceding those interest payment dates. Interest on the Series OO
bonds will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
The Series OO bonds will be redeemable prior to maturity, at our option, at the prices set forth below under the caption
"Optional Redemption." The Series OO bonds will not be subject to a sinking fund.
The Series OO bonds will be issued in registered form without coupons and will be issuable in denominations of $1,000,
$5,000, $10,000, $25,000 and multiples of $25,000.
At December 31, 2013, we had outstanding $1,400 million of first mortgage bonds and the net book value of the property subject
to the first lien of the indenture was $5.0 billion. For the twelve months ended December 31, 2013 and without giving effect to the
issuance of the Series OO bonds, the Net Earnings of the Corporation Available for Interest (as defined in the indenture) were 13
times the annual interest charges on our bonds outstanding under the indenture.
Optional Redemption
Prior to September 15, 2043, we may redeem all or any part of the Series OO bonds, at our option at any time or from time to
time, at a redemption price for any redemption date equal to the greater of the following amounts:


·
100% of the principal amount of the Series OO bonds being redeemed on the redemption date; or

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