San Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co. (SoCalGas) both filed with state regulators to raise revenue as they pursue “the dual opportunities of advancing decarbonization and helping to deliver energy security globally,” said CEO Jefff Martin. 

“We understand that modern energy infrastructure is a great enabler of prosperity, health and wellbeing for billions of people around the world,” Martin said during the company’s fourth quarter and full-year earnings call. 

SDG&E’s general rate case (GRC) request includes a $449 million increase in revenue for 2024, about 17.6% more than the estimated revenue for 2023. In 2025, the San Diego utility is seeking an additional $315 million revenue increase, a rise of about 10.5% year/year, followed by a...