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<div style="font-size:12pt"><p>NOTE 19. QUARTERLY FINANCIAL DATA (UNAUDITED) </p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="686" align="left" colspan="9" style="border-top: 1px solid #000000;" height="19"><b>SEMPRA ENERGY</b></td></tr><tr><td width="686" align="left" height="19" colspan="9"><i>(In millions, except for per share amounts)</i></td></tr><tr><td height="14" width="326" align="left"> </td><td width="360" align="center" colspan="8" style="border-bottom: 1px solid #000000;" height="14">Quarters ended</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="326"> </td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">March 31</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">June 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">September 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">December 31</td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="right" width="326"><b>2009 </b></td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,108 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,689 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,853 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,456 </td></tr><tr><td height="16" width="326" align="left">Expenses and other income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,690 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,433 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,443 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,064 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 325 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 189 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 302 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 306 </td></tr><tr><td height="16" width="326" align="left">Earnings attributable to Sempra Energy</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 316 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 198 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 317 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 288 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">Basic per-share amounts(1):</td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">    Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.35 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.78 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.24 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.25 </td></tr><tr><td height="16" width="326" align="left">    Earnings attributable to Sempra Energy</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.31 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.82 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.30 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.18 </td></tr><tr><td height="16" width="326" align="left">    Weighted average common shares outstanding</td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 241.8 </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 242.7 </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 243.9 </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 244.9 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">Diluted per-share amounts(1):</td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">    Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.33 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.76 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.21 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.23 </td></tr><tr><td height="16" width="326" align="left">    Earnings attributable to Sempra Energy</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.29 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.80 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.27 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.16 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">    Weighted average common shares outstanding</td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 245.0 </td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 247.1 </td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 248.5 </td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 248.7 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="326"><b>2008(2)</b></td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 3,270 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,503 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,692 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,293 </td></tr><tr><td height="16" width="326" align="left">Expenses and other income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,920 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,057 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,314 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 2,024 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 244 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 262 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 302 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 260 </td></tr><tr><td height="16" width="326" align="left">Earnings attributable to Sempra Energy</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 242 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 244 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 308 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 319 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">Basic per-share amounts(1):</td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">    Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.94 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.07 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.24 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.07 </td></tr><tr><td height="16" width="326" align="left">    Earnings attributable to Sempra Energy</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.94 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.99 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.26 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.32 </td></tr><tr><td height="16" width="326" align="left">    Weighted average common shares outstanding</td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 258.6 </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 245.6 </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 243.8 </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="right"> 241.7 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">Diluted per-share amounts(1):</td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td><td height="16" width="22" align="center"> </td><td height="16" width="68" align="left"> </td></tr><tr><td height="16" width="326" align="left">    Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.93 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.05 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.22 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.06 </td></tr><tr><td height="16" width="326" align="left">    Earnings attributable to Sempra Energy</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.92 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 0.98 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.24 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1.30 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">    Weighted average common shares outstanding</td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 262.7 </td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 249.7 </td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 247.9 </td><td height="16" style="border-bottom: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="68"> 244.5 </td></tr><tr><td width="686" align="left" colspan="9" style="border-top: 3px solid #000000;" height="12"><i>(1) Earnings per share are computed independently for each of the quarters presented and therefore may not sum to the total for the year.</i></td></tr><tr><td width="686" align="left" height="12" colspan="9"><i>(2) As adjusted for the retrospective adoption of ASC 810 (SFAS 160).</i></td></tr></table><p>In the first quarter of 2009, Net Income and Earnings Attributable to Sempra Energy included $116 million at Sempra Commodities for earnings from the joint venture with RBS, compared to $59 million of earnings for the commodities businesses in the same period in 2008, prior to the formation of the joint venture. <br />In the second quarter of 2009, Expenses and Other Income included an asset write-off of $132 million related to Sempra Pipelines & Storage's Liberty Gas Storage project. The write-off negatively impacted Net Income and Earnings Attributable to Sempra Energy by $97 million and $64 million, respectively. <br />In the first quarter of 2008, Revenues included $457 million and Expenses and Other Income included $362 million for Sempra Commodities prior to the formation of RBS Sempra Commodities on April 1, 2008.<br />We discuss quarterly fluctuations related to SDG&E, PE and SoCalGas below.</p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="686" align="left" colspan="9" style="border-top: 1px solid #000000;" height="19"><b>SDG&E</b></td></tr><tr><td width="686" align="left" height="19" colspan="9"><i>(Dollars in millions)</i></td></tr><tr><td height="14" width="326" align="left"> </td><td width="360" align="center" colspan="8" style="border-bottom: 1px solid #000000;" height="14">Quarters ended</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="326"> </td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">March 31</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">June 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">September 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">December 31</td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="right" width="326"><b>2009 </b></td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Operating revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 732 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 631 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 773 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 780 </td></tr><tr><td height="16" width="326" align="left">Operating expenses</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 557 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 518 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 601 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 651 </td></tr><tr><td height="16" width="326" align="left">Operating income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 175 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 113 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 172 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 129 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 107 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 91 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 92 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 83 </td></tr><tr><td height="16" width="326" align="left">(Earnings) losses attributable to noncontrolling interests</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (7)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (20)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 18 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (15)</td></tr><tr><td height="16" width="326" align="left">Earnings</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 100 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 71 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 110 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 68 </td></tr><tr><td height="16" width="326" align="left">Dividends on preferred stock</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">Earnings attributable to common shares</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 99 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 70 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 108 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 67 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="326"><b>2008(1)</b></td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Operating revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 746 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 754 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 949 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 802 </td></tr><tr><td height="16" width="326" align="left">Operating expenses</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 617 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 642 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 757 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 665 </td></tr><tr><td height="16" width="326" align="left">Operating income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 129 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 112 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 192 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 137 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 75 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 77 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 118 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 20 </td></tr><tr><td height="16" width="326" align="left">(Earnings) losses attributable to noncontrolling interests</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (15)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 7 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 62 </td></tr><tr><td height="16" width="326" align="left">Earnings</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 75 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 62 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 125 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 82 </td></tr><tr><td height="16" width="326" align="left">Dividends on preferred stock</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">Earnings attributable to common shares</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 74 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 61 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 123 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 81 </td></tr><tr><td width="686" align="left" colspan="9" style="border-top: 3px solid #000000;" height="18"><i>(1) As adjusted for the retrospective adoption of ASC 810 (SFAS 160).</i></td></tr></table><p>Net Income and Earnings Attributable to Common Shares in both the first and second quarters of 2009 included $16 million of authorized base margin due to the implementation of the 2008 GRC in the third quarter 2008. We discuss the final CPUC decision, issued in July 2008, in Note 16.<br />Net Income and Earnings Attributable to Common Shares in the first quarter of 2008 included the favorable resolution of prior years' income tax issues of $9 million. Net Income and Earnings Attributable to Common Shares in the third quarter of 2008 included $33 million for the retroactive impact of the 2008 GRC decision for January 1 through June 30, 2008, offset by reserves for litigation matters of $17 million. </p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="686" align="left" colspan="9" style="border-top: 1px solid #000000;" height="19"><b>PE</b></td></tr><tr><td width="686" align="left" height="19" colspan="9"><i>(Dollars in millions)</i></td></tr><tr><td height="14" width="326" align="left"> </td><td width="360" align="center" colspan="8" style="border-bottom: 1px solid #000000;" height="14">Quarters ended</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="326"> </td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">March 31</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">June 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">September 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">December 31</td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="right" width="326"><b>2009 </b></td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Operating revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 920 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 694 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 662 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,079 </td></tr><tr><td height="16" width="326" align="left">Operating expenses</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 810 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 579 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 527 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 963 </td></tr><tr><td height="16" width="326" align="left">Operating income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 110 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 115 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 135 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 116 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 59 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 63 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 73 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 75 </td></tr><tr><td height="16" width="326" align="left">Preferred dividends of subsidiary</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td></tr><tr><td height="16" width="326" align="left">Earnings</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 59 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 62 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 73 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 75 </td></tr><tr><td height="16" width="326" align="left">Dividends on preferred stock</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">Earnings attributable to common shares</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 58 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 61 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 72 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 74 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="326"><b>2008(1)</b></td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Operating revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,556 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,143 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,077 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 992 </td></tr><tr><td height="16" width="326" align="left">Operating expenses</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 1,447 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 1,041 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 946 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 899 </td></tr><tr><td height="16" width="326" align="left">Operating income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 109 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 102 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 131 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 93 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 58 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 58 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 80 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 57 </td></tr><tr><td height="16" width="326" align="left">Preferred dividends of subsidiary</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td></tr><tr><td height="16" width="326" align="left">Earnings</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 58 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 57 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 80 </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="68"> 57 </td></tr><tr><td height="16" width="326" align="left">Dividends on preferred stock</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">Earnings attributable to common shares</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 57 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 56 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 79 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 56 </td></tr><tr><td width="686" align="left" colspan="9" style="border-top: 3px solid #000000;" height="18"><i>(1) As adjusted for the retrospective adoption of ASC 810 (SFAS 160).</i></td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="686" align="left" colspan="9" style="border-top: 1px solid #000000;" height="19"><b>SOCALGAS</b></td></tr><tr><td width="686" align="left" height="19" colspan="9"><i>(Dollars in millions)</i></td></tr><tr><td height="14" width="326" align="left"> </td><td width="360" align="center" colspan="8" style="border-bottom: 1px solid #000000;" height="14">Quarters ended</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="326"> </td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">March 31</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">June 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">September 30</td><td width="90" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">December 31</td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="right" width="326"><b>2009 </b></td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Operating revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 920 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 694 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 662 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,079 </td></tr><tr><td height="16" width="326" align="left">Operating expenses</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 810 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 578 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 530 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 961 </td></tr><tr><td height="16" width="326" align="left">Operating income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 110 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 116 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 132 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 118 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 59 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 66 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 74 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 75 </td></tr><tr><td height="16" width="326" align="left">Dividends on preferred stock</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">Earnings attributable to common shares</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 59 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 65 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 74 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 75 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="right" width="326"><b>2008 </b></td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="68"> </td></tr><tr><td height="16" width="326" align="left">Operating revenues</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,556 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,143 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 1,077 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 992 </td></tr><tr><td height="16" width="326" align="left">Operating expenses</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 1,446 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 1,042 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 946 </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> 900 </td></tr><tr><td height="16" width="326" align="left">Operating income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 110 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 101 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 131 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 92 </td></tr><tr><td height="16" width="326" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="68"> </td></tr><tr><td height="16" width="326" align="left">Net income</td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 57 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 57 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 77 </td><td height="16" width="22" align="center">$</td><td height="16" width="68" align="right"> 54 </td></tr><tr><td height="16" width="326" align="left">Dividends on preferred stock</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="68"> - </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="326">Earnings attributable to common shares</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 57 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 56 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 77 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="center" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="68"> 54 </td></tr></table><p>Net Income and Earnings Attributable to Common Shares in both the first and second quarters of 2009 included $3 million of authorized base margin due to the implementation of the 2008 GRC in the third quarter of 2008. We discuss the final CPUC decision, issued in July 2008, in Note 16.<br />Fluctuations in Revenues and Expenses and Other Income in 2009 compared to 2008 were largely driven by natural gas prices, which were substantially lower in 2009. Compared to the third quarter of 2009, Operating Revenues and Operating Expenses increased in the fourth quarter of 2009 due to higher natural gas prices and volumes.<br />Net Income and Earnings Attributable to Common Shares in the third quarter of 2008 for PE and SoCalGas included $7 million for the retroactive impact of the 2008 GRC decision for January 1 through June 30, 2008.<br />Net Income and Earnings Attributable to Common Shares in the fourth quarter of 2008 for PE and SoCalGas included litigation expenses of $7 million.</p></div>
NOTE 19. QUARTERLY FINANCIAL DATA (UNAUDITED) SEMPRA ENERGY(In millions, except for per share amounts) Quarters ended March 31June 30September
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