Vancouver, BC, April 26, 2023—Copperleaf® announces the successful go-live of its decision analytics solution by Southern California Gas Company (“SoCalGas”), the largest natural gas distribution utility in the United States. As a regulated subsidiary of Sempra, SoCalGas delivers clean, safe, and reliable energy to 21.8 million consumers in more than 500 communities across Central and Southern California.
In 2022, SoCalGas embarked on a multi-year partnership with Copperleaf to transform its capital planning process, beginning with its gas distribution business. With this first phase, SoCalGas’ Distribution Risk Evaluation and Monitoring System (DREAMS) Project Management Office (PMO) will use Copperleaf Asset™ and Copperleaf Portfolio™ to evaluate and optimize hundreds of main replacement projects each year. Tasked with reducing overall system risk through proactive preventative and remediation activities in its Distribution Integrity Management Program (DIMP), the DREAMS PMO can now create long-term investment plans that meet regulatory requirements, while delivering the highest value possible through risk mitigation and cost savings.
“We’re excited about the successful launch this first phase and are already working on expanding SoCalGas’ Value Framework to its gas transmission business to support enterprise-wide decision making,” said Phil Jones, Managing Director of Copperleaf, Americas. “Copperleaf is thrilled to help SoCalGas continue to provide clean, safe, and reliable energy to its customers.”
“We are excited to be working with Copperleaf to enhance our investment planning capabilities through leveraging asset and financial data and transforming the way we evaluate how our capital investments contribute to strategic objectives,” said Maya Menon, Asset & Data Strategy Manager at SoCalGas. “Ultimately, we will be able to better support our enterprise asset management strategy and optimize the way we deliver clean, safe, reliable, and affordable energy for all customers now and in the future.”
This news release may contain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws in Canada, including, without limitation, statements with respect to our expectations, future plans or opportunities. Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that we considered appropriate and reasonable as at the date such statements are made, but which are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk factors described in our 2022 Annual Information Form (“AIF”) under “Risk Factors. Accordingly, readers should not place undue reliance on forward-looking information.
These statements reflect the Company’s current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company’s expectations regarding future events, performance, or results change.
Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company’s pipelines will continue to play a key role in California’s clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.
SoCalGas’ mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego.
Copperleaf (TSX:CPLF) provides enterprise decision analytics software solutions to companies managing critical infrastructure. We leverage operational and financial data to empower our clients to make investment decisions that deliver the highest business value. What sets us apart is our commitment to providing extraordinary experiences, shaped by people who care deeply, products that deliver exceptional value, and partnerships that stand the test of time. Copperleaf is a patron of The Institute of Asset Management and actively participates in shaping the future of asset management standards, including ISO 55000. Headquartered in Vancouver, Canada, our solutions are distributed and supported by regional staff and partners worldwide. Together, we are transforming how the world sees value.
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