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SoCalGas reports 25% drop in inflation-adjusted natural gas rates since 2000, easing California household energy costs.

Market News
23 Apr 2026
PRNewsWire
View Source
Bullish
pluang ai news

Southern California Gas Company (SoCalGas) revealed that inflation-adjusted average residential natural gas rates fell about 25% from 2000 to 2023, helping keep energy bills affordable amid rising household costs in California. The report highlights natural gas infrastructure's role in stabilizing prices through supply flexibility and underground storage, which notably mitigated costs during Winter Storm Fern in 2026 by supplying 60% of demand and avoiding $120 million in potential expenses. Natural gas also supports grid reliability and renewable energy integration as California transitions to cleaner power. This trend underscores the importance of a balanced energy mix to manage costs and maintain system reliability amid climate policies and wildfire risks.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

Market News
Bullish
1 hour ago
Frasers Group delays guidance amid takeover bids and reports 4% profit drop

Frasers Group delays guidance amid takeover bids and reports 4% profit drop

Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...

Company Fundamentals
Bearish
4 hours ago
Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...

Market News
Neutral
4 hours ago
Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...

Company Fundamentals
Bullish
4 hours ago
Bitcoin crowdfunding offers direct aid to crisis zones where traditional platforms fail due to banking restrictions.

Bitcoin crowdfunding offers direct aid to crisis zones where traditional platforms fail due to banking restrictions.

A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...

Market News
Bearish
4 hours ago
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