Obligation South Coast Gas 5.45% ( US842434CD20 ) en USD

South Coast Gas

100 % ⇌

Etas-Unis

US842434CD20 ( en USD )

5.45% par an ( paiement semestriel )

15/04/2018 - Obligation échue

Prospectus brochure de l'obligation Southern California Gas US842434CD20 en USD 5.45%, échue

1 000 USD

250 000 000 USD

842434CD2

NR

NR

Southern California Gas Company (SoCalGas) est le plus grand fournisseur de gaz naturel de Californie, desservant environ 21,8 millions de personnes dans le sud de l'État.

L'Obligation émise par South Coast Gas ( Etas-Unis ) , en USD, avec le code ISIN US842434CD20, paye un coupon de 5.45% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/04/2018

L'Obligation émise par South Coast Gas ( Etas-Unis ) , en USD, avec le code ISIN US842434CD20, a été notée NR par l'agence de notation Moody's.

L'Obligation émise par South Coast Gas ( Etas-Unis ) , en USD, avec le code ISIN US842434CD20, a été notée NR par l'agence de notation Standard & Poor's ( S&P ).

Prospectus Supplement
424B2 1 d424b2.htm PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant To Rule 424
(b)(2)
Registration No. 333-70654
PROSPECTUS SUPPLEMENT
(To Prospectus dated October 19, 2001)

$250,000,000

Southern California Gas Company

5.45% First Mortgage Bonds, Series HH, Due 2018

The 5.45% First Mortgage Bonds, Series HH, due 2018 will mature on April 15, 2018. Interest on the Series HH
bonds will accrue from October 15, 2003 and is payable on April 15 and October 15 of each year, beginning on
April 15, 2004. The Series HH bonds will be redeemable prior to maturity, at our option, at the redemption prices
described in this prospectus supplement.

Per
Series
HH

Bond
Total
Price to investors

99.802%
$249,505,000
Underwriting discounts

0.700%
$ 1,750,000
Proceeds to Southern California Gas Company (1)

99.102%
$247,755,000
(1) Plus accrued interest from October 17, 2003 if settlement occurs after that date.
Neither the United States Securities and Exchange Commission nor any state securities commission has approved
or disapproved 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.
It is expected that delivery of the Series HH bonds will be in book entry form through The Depository Trust
Company on October 17, 2003

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Joint Book-Running Managers
ABN AMRO Incorporated
Banc One Capital Markets, Inc.

Credit Lyonnais Securities The Royal Bank of Scotland
Scotia Capital
SG Cowen

The date of this prospectus supplement is October 14, 2003.
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Table of Contents
TABLE OF CONTENTS

PROSPECTUS SUPPLEMENT

Page

Forward-Looking Statements

S-1
Southern California Gas Company

S-2
Use of Proceeds

S-3
Capitalization

S-3
Ratio of Earnings to Fixed Charges

S-4
Supplemental Description of First Mortgage Bonds

S-5
Global Securities

S-8
Underwriting
S-

11
Legal Matters
S-

12
Independent Accountants
S-

12

PROSPECTUS

About this Prospectus

1
Forward-Looking Statements

2
Where You Can Find More Information

3
Southern California Gas Company

4
Use of Proceeds

4
Ratio of Earnings to Fixed Charges

4
Description of First Mortgage Bonds

5
Global Securities

17
Plan of Distribution

20
Experts

21
Validity of the Bonds

21
You should rely only on the information contained in or incorporated by reference in this prospectus supplement
and the accompanying prospectus. We have not authorized anyone to provide you with different information. We
are offering to sell Series HH bonds and seeking offers to buy Series HH bonds only in jurisdictions where offers
and sales are permitted. The information contained in this prospectus supplement and the accompanying
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prospectus may only be accurate as of their respective dates, regardless of the time of delivery of this prospectus
supplement or the accompanying prospectus or any sale of the Series HH bonds.
The distribution of this prospectus supplement and the accompanying prospectus and the offering of the Series
HH bonds in certain jurisdictions may be restricted by law. Persons into whose possession this prospectus
supplement and the accompanying prospectus come should inform themselves about and observe any such
restrictions. This prospectus supplement and the accompanying 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."

i
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FORWARD-LOOKING STATEMENTS
This prospectus supplement and the accompanying prospectus and the documents they incorporate by reference
contain statements that are not historical fact and constitute "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. When we use words like "believes," "expects,"
"anticipates," "intends," "plans," "estimates," "may," "would," "should" or similar expressions, or when we
discuss our strategy or plans, we are making forward-looking statements. Forward-looking statements are not
guarantees of performance. They involve risks, uncertainties and assumptions. Our future results may differ
materially from those expressed in these forward-looking statements. These statements are necessarily based
upon various assumptions involving judgments with respect to the future and other risks, including, among
others:

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

conditions and developments;

· actions by the California Public Utilities Commission, the California State Legislature, the California

Department of Water Resources and the Federal Energy Regulatory Commission;

· capital market conditions, inflation rates, interest rates and exchange rates;

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

· weather conditions and conservation efforts;

· war and terrorist attacks;

· business, regulatory and legal decisions;

· the pace of deregulation of retail natural gas and electricity delivery;

· the timing and success of business development efforts; and

· other uncertainties, all of which are difficult to predict and many of which are beyond our control.
You are cautioned not to rely unduly on any forward-looking statements and are urged to review and consider
carefully the risks, uncertainties and other factors which are discussed in more detail under "Business" and
"Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual
Report on Form 10-K for the year ended December 31, 2002, our Quarterly Reports on Form 10-Q for the three-
month periods ended March 31, 2003 and June 30, 2003, and other documents on file with the Securities and
Exchange Commission. You may obtain copies of these documents as described under "Where You Can Find
More Information" in the accompanying prospectus.

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SOUTHERN CALIFORNIA GAS COMPANY
We are the nation's largest natural gas distribution utility. We own and operate a natural gas distribution,
transmission and storage system supplying natural gas throughout a 23,000-square mile service territory
comprising most of southern California and part of central California. We provide natural gas service to 18.9
million residential, commercial, industrial, utility electric generation and wholesale consumers through 5.3
million meters. We are 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" 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. The terms "we," "our" and "us" are used in this document for purposes of convenience and are
intended to refer to Southern California Gas Company and/or its subsidiaries, either individually or collectively,
as the context may require.

Recent Developments
On October 7, 2003, Standard & Poor's affirmed its rating of our senior secured debt (first mortgage bonds) at A
+. It reduced our corporate credit rating from A+ to A, our senior unsecured debt rating from A to A- and our
preferred stock rating from A- to BBB+. It also reduced the corporate credit and senior unsecured debt ratings of
our ultimate parent company, Sempra Energy, from A- to BBB+. All ratings were issued with a stable outlook.
As previously reported, we have filed a cost of service application with the California Public Utilities
Commission seeking a rate increase designed to reflect forecasts of our 2004 capital and operating costs. We are
requesting a revenue increase of approximately $45 million. The Commission's Office of Ratepayer Advocates is
advocating a rate decrease that would reduce our annual revenues by $121 million from their current level. An
advocacy group for small consumers is advocating a rate decrease that would reduce our annual revenues by
$178 million from their current level. The procedural schedule for the application permits a decision as early as
March 2004, and we have filed a petition for interim rate relief for the period from January 1, 2004 until the
effective date of the decision.
Our third quarter net income will be negatively affected by a $28 million after-tax charge for litigation and for
losses associated with a sublease of our headquarters building.

S-2
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USE OF PROCEEDS
The net proceeds from the sale of the Series HH bonds will become part of our general treasury funds to
replenish amounts previously expended to refund and retire indebtedness and will be used for general corporate
purposes. See "Capitalization." We estimate that the expenses for this offering, excluding underwriting discounts,
will be approximately $250,000.

CAPITALIZATION
The following table sets forth our consolidated capitalization as of June 30, 2003 on an actual basis and on an as
adjusted basis to reflect (i) the redemption on August 21, 2003 of $125 million of First Mortgage Bonds, Series
DD, due 2023 and (ii) the sale of the Series HH bonds.

June 30, 2003

Actual
As Adjusted

(In millions)
Debt:

Short-term debt

$ --
$
--
Long-term debt (including current portion):

First mortgage bonds

650

775
Other long-term debt

12

12

Total long-term debt

662

787

Total debt

662

787

Shareholders' equity:

Preferred stock (11,000,000 shares authorized; 862,043 shares
outstanding)

22

22
Common stock (100,000,000 shares authorized; 91,300,000 shares
outstanding)

866

866
Retained earnings

527

527

Total shareholders' equity

1,415

1,415

Total capitalization

$2,077
$
2,202

S-3
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RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed charges for each of the years in the five-year period
ended December 31, 2002 and for each of the six-month periods ended June 30, 2002 and 2003:

Six Months
Ended
Years Ended December 31,
June 30,

2002
2001
2000
1999
1998
2003
2002

Ratio of Earnings to Fixed Charges

8.98 6.16 6.13 6.89 4.38 7.33 8.96

S-4
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SUPPLEMENTAL DESCRIPTION OF FIRST MORTGAGE BONDS
The Series HH bonds offered by this prospectus supplement are a series of our first mortgage bonds as described
below and in the accompanying prospectus. The Series HH bonds will be issued under a supplemental indenture
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 HH bonds. The summary of the provisions of
our first mortgage bonds contained in the accompanying prospectus applies to the provisions of the Series HH
bonds, except that the summary of selected provisions of the Series HH 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 HH bonds 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.
General
The Series HH bonds will constitute a series of first mortgage bonds under the indenture, initially limited to $250
million aggregate principal amount.
The Series HH bonds will mature on April 15, 2018. The Series HH bonds will bear interest at the rate of 5.45%
per annum, accruing from October 17, 2003. Interest on the Series HH bonds will be payable to the holders
thereof semi-annually in arrears on April 15 and October 15 of each year, commencing April 15, 2004.
The Series HH bonds will be redeemable prior to maturity, at our option, at the prices set forth below under the
caption "Optional Redemption." The Series HH bonds will not be subject to a sinking fund.
We may, from time to time, without notice to or the consent of the holders of the Series HH bonds, increase the
principal amount of this series of first mortgage bonds under the indenture and issue such increased principal
amount (or any portion thereof). Any additional Series HH bonds so issued shall have the same form and terms
(other than the date of issuance, under certain circumstances, the date from which interest thereon shall begin to
accrue and the first interest payment date) as the Series HH bonds previously issued and shall form a single series
with the Series HH bonds.
At June 30, 2003, we had outstanding $650 million of first mortgage bonds of which $125 million were
redeemed on August 21, 2003. The net book value of the property subject to a first lien of the indenture was $2.7
billion at that date.
Optional Redemption
We may redeem all or any part of the Series HH bonds, at our option at any time or from time to time, at the
prices set forth below. In the event that we elect to redeem only a portion of the Series HH bonds, the bonds to be
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Document Outline

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