Southern California Gas files $2 billion shelf for debt, preferreds

By Toni Weeks

San Diego, July 6 - Southern California Gas Co. filed a $2 billion shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers senior debt securities, first mortgage bonds and preferred stock.

The first mortgage bonds may be structured as convertibles.

Proceeds will be used to expand and improve the company's utility plant, to refund and repay debt, for working capital and other general corporate purposes and to replenish funds used for these purposes.

The natural gas distributor is based in Los Angeles.

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