EX-99 3 ex992.htm EXHIBIT 99.2 Exhibit 99.2



SEMPRA ENERGY

 

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        659

 

 $          981

 

 $           710

 

 $         277

 

 $           84

 

 $          (4)

 

 $            (46)

 

 

 $ 2,661

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          473

 

             806

 

              457

 

            249

 

              80

 

              11

 

                    -

 

 

    2,076

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            75

 

              70

 

                  6

 

              13

 

                3

 

                 -

 

                   4

 

 

       171

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          111

 

             105

 

              247

 

              15

 

                1

 

           (15)

 

               (50)

 

 

       414

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

             (2)

 

               (2)

 

                  -

 

             (2)

 

             (2)

 

                 -

 

                 53

 

 

         45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          109

 

             103

 

              247

 

              13

 

             (1)

 

           (15)

 

                   3

 

 

       459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            23

 

              10

 

                  -

 

             (2)

 

             (1)

 

                 -

 

                 15

 

 

         45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            35

 

              39

 

                86

 

                5

 

             (2)

 

             (2)

 

               (18)

 

 

       143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings (Losses) of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                (6)

 

                -

 

              15

 

                 -

 

                    -

 

 

           9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                 -

 

                 (3)

 

 

        (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         51

 

 $            54

 

 $           155

 

 $           10

 

 $           17

 

 $        (13)

 

 $                3

 

 

 $    277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $        664

 

 $          908

 

 $           614

 

 $         257

 

 $           72

 

 $        (20)

 

 $              (9)

 

 

 $ 2,486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          459

 

             735

 

              479

 

            212

 

              69

 

                9

 

                 15

 

 

    1,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

            80

 

              67

 

                  6

 

              11

 

                3

 

                 -

 

                   4

 

 

       171

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          125

 

             106

 

              129

 

              34

 

                -

 

           (29)

 

               (28)

 

 

       337

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            11

 

               (1)

 

                  1

 

           (11)

 

                2

 

             (1)

 

                 (6)

 

 

        (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          136

 

             105

 

              130

 

              23

 

                2

 

           (30)

 

               (34)

 

 

       332

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            33

 

                4

 

                15

 

             (2)

 

                -

 

                2

 

                 13

 

 

         65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            38

 

              43

 

                46

 

                9

 

           (12)

 

           (15)

 

               (13)

 

 

         96

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                  -

 

                -

 

              14

 

                 -

 

                    -

 

 

         14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                 -

 

               188

 

 

       188

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         65

 

 $            58

 

 $             69

 

 $           16

 

 $           28

 

 $        (17)

 

 $            154

 

 

 $    373

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" (Operating Income plus Other Income, Net) is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income taxes, neither of which is directly relevant to the efficiency of those operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Net Interest Expense (Income) includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






SEMPRA ENERGY

 

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $     1,368

 

 $       2,349

 

 $        1,222

 

 $         674

 

 $         161

 

 $        (11)

 

 $            (98)

 

 

 $ 5,665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

          987

 

          1,997

 

              931

 

            548

 

            150

 

              21

 

                 10

 

 

    4,644

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

          150

 

             139

 

                13

 

              25

 

                6

 

                 -

 

                   7

 

 

       340

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          231

 

             213

 

              278

 

            101

 

                5

 

           (32)

 

             (115)

 

 

       681

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              2

 

               (4)

 

                  -

 

             (2)

 

             (2)

 

                 -

 

                 62

 

 

         56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          233

 

             209

 

              278

 

              99

 

                3

 

           (32)

 

               (53)

 

 

       737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (Income) (2)

 

            47

 

              22

 

                  2

 

             (9)

 

                -

 

                1

 

                 28

 

 

         91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            73

 

              78

 

                90

 

              44

 

             (3)

 

           (10)

 

               (66)

 

 

       206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                40

 

                -

 

              27

 

                 -

 

                    -

 

 

         67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                 -

 

                 (2)

 

 

        (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        113

 

 $          109

 

 $           226

 

 $           64

 

 $           33

 

 $        (23)

 

 $            (17)

 

 

 $    505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues

 

 $     1,386

 

 $       2,333

 

 $        1,394

 

 $         653

 

 $         148

 

 $        (20)

 

 $            (72)

 

 

 $ 5,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Operating Expenses

 

        1,015

 

          1,993

 

           1,057

 

            526

 

            139

 

              19

 

                 (4)

 

 

    4,745

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

          147

 

             133

 

                13

 

              22

 

                6

 

                 -

 

                   7

 

 

       328

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

          224

 

             207

 

              324

 

            105

 

                3

 

           (39)

 

               (75)

 

 

       749

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            13

 

               (1)

 

                  -

 

           (10)

 

                3

 

             (2)

 

                 (4)

 

 

        (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) before Interest & Taxes (1)

 

          237

 

             206

 

              324

 

              95

 

                6

 

           (41)

 

               (79)

 

 

       748

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Expense (2)

 

            52

 

              19

 

                31

 

                4

 

                 -

 

                2

 

                 41

 

 

       149

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

            73

 

              80

 

              108

 

              34

 

             (9)

 

           (21)

 

               (61)

 

 

       204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in Earnings of Certain Unconsolidated Subsidiaries

 

               -

 

                 -

 

                  -

 

                -

 

              24

 

                 -

 

                    -

 

 

         24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                 -

 

               209

 

 

       209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        112

 

 $          107

 

 $           185

 

 $           57

 

 $           39

 

 $        (22)

 

 $            150

 

 

 $    628

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" (Operating Income plus Other Income, Net) is a useful measurement of our business units' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income taxes, neither of which is directly relevant to the efficiency of those operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Net Interest Expense (Income) includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.