EX-99 3 exhibit992.htm EXHIBIT 99.2

SEMPRA ENERGY

Table F (Unaudited)

Income Statement Data by Business Unit

Three Months Ended December 31, 2005

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 751

$ 1,526

$ 1,029

$ 668

$ 93

$ -

$ -

$ (73

)

$ 3,994

Cost of Sales and Other Operating Expenses

542

1,348

678

463

91

11

-

(26

)

3,107

Litigation Expense

9

11

(7

)

25

1

1

-

170

210

Depreciation & Amortization

67

66

7

16

4

-

3

2

165

Gains on Sale of Assets, Net

-

-

(8

)

-

-

-

-

-

(8

)

Impairment Losses

2

-

-

66

-

-

2

1

71

Operating Income

131

101

359

98

(3

)

(12

)

(5

)

(220

)

449

Other Income, Net

9

1

-

11

4

1

1

-

27

Income before Interest & Taxes ⁽¹⁾

140

102

359

109

1

(11

)

(4)

(220

)

476

Net Interest Expense ⁽²⁾

18

12

15

5

(1

)

1

1

19

70

Income Tax Expense/(Benefit)

50

42

100

43

(1

)

(2

)

(9)

(165

)

58

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

13

-

-

-

13

Discontinued Operations

-

-

-

-

-

-

-

(6

)

(6

)

Net Income

$ 72

$ 48

$ 244

$ 61

$ 16

$ (10

)

$ 4

$ (80

)

$ 355

Three Months Ended December 31, 2004

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 608

$ 1,176

$ 664

$ 488

$ 69

$ -

$ -

$ (99

)

$ 2,906

Cost of Sales and Other Operating Expenses

442

1,027

395

413

62

14

1

(71

)

2,283

Litigation Expense

19

41

4

17

-

-

-

45

126

Depreciation & Amortization

56

30

7

12

3

-

10

2

120

Gains on Sale of Assets, Net

(1

)

-

-

-

-

-

-

-

(1

)

Impairment Losses (Adjustments)

(6

)

2

-

-

-

-

5

-

1

Operating Income

98

76

258

46

4

(14

)

(16

)

(75

)

377

Other Income, Net

7

12

-

5

(2

)

-

(1

)

10

31

Income before Interest & Taxes ⁽¹⁾

105

88

258

51

2

(14

)

(17

)

(65

)

408

Net Interest Expense ⁽²⁾

17

9

8

8

(1

)

-

2

37

80

Income Tax Expense/(Benefit)

20

21

79

24

(12

)

(6

)

(29

)

(95

)

2

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

13

-

-

-

13

Discontinued Operations

-

-

-

-

-

-

-

7

7

Net Income

$ 68

$ 58

$ 171

$ 19

$ 28

$ (8

)

$ 10

$ -

$ 346

^{(1) Management believes "Income 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.}

SEMPRA ENERGY

Table F (Unaudited) (continued)

Income Statement Data by Business Unit

Year Ended December 31, 2005

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 2,512

$ 4,617

$ 2,724

$ 1,921

$ 329

$ -

$ -

$ (366

)

$ 11,737

Cost of Sales and Other Operating Expenses

1,802

3,905

2,077

1,486

308

34

2

(158

)

9,456

Litigation Expense

52

99

38

43

2

1

-

316

551

Depreciation & Amortization

264

264

28

57

14

-

10

9

646

Gains on Sale of Assets, Net

(1

)

-

(106

)

-

(4

)

-

-

(1

)

(112

)

Impairment Losses

2

2

-

66

6

-

7

2

85

Operating Income

393

347

687

269

3

(35

)

(19

)

(534

)

1,111

Other Income, Net

14

(2

)

-

26

7

1

(8

)

13

51

Income before Interest & Taxes ⁽¹⁾

407

345

687

295

10

(34

)

(27

)

(521

)

1,162

Net Interest Expense ⁽²⁾

56

37

35

20

(2

)

2

6

92

246

Income Tax Expense/(Benefit)

89

97

192

111

3

(11

)

(56

)

(383

)

42

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

55

-

-

-

55

Discontinued Operations

-

-

-

-

-

-

-

(9

)

(9

)

Net Income

$ 262

$ 211

$ 460

$ 164

$ 64

$ (25

)

$ 23

$ (239

)

$ 920

Year Ended December 31, 2004

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 2,274

$ 3,997

$ 1,689

$ 1,662

$ 269

$ -

$ -

$ (457

)

$ 9,434

Cost of Sales and Other Operating Expenses

1,610

3,305

1,153

1,338

252

26

3

(298

)

7,389

Litigation Expense

19

41

17

29

-

-

-

44

150

Depreciation & Amortization

259

255

23

44

14

-

17

9

621

Gains on Sale of Assets, Net

(1

)

(15

)

-

-

-

-

-

1

(15

)

Impairment Losses (Adjustments)

(6

)

2

-

-

-

-

12

-

8

Operating Income

393

409

496

251

3

(26

)

(32

)

(213

)

1,281

Other Income, Net

11

13

-

4

3

13

(20

)

9

33

Income before Interest & Taxes ⁽¹⁾

404

422

496

255

6

(13

)

(52

)

(204

)

1,314

Net Interest Expense ⁽²⁾

48

36

15

27

-

-

8

129

263

Income Tax Expense/(Benefit)

148

154

161

91

5

(5

)

(96)

(265

)

193

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

62

-

-

-

62

Discontinued Operations

-

-

-

-

-

-

-

(25

)

(25

)

Net Income

$ 208

$ 232

$ 320

$ 137

$ 63

$ (8

)

$ 36

$ (93

)

$ 895

^{(1) Management believes "Income 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.}

SEMPRA ENERGY
Table F (Unaudited)

Income Statement Data by Business Unit

Three Months Ended December 31, 2005

(Dollars in millions)	SDG&E		SoCalGas	Commodities		Generation	Pipelines & Storage		LNG		Financial		Consolidating Adjustments, Parent & Other		Total


Operating Revenues	$ 751		$ 1,526	$ 1,029		$ 668	$ 93		$ -		$ -		$ (73	)	$ 3,994

Cost of Sales and Other Operating Expenses	542		1,348	678		463	91		11		-		(26	)	3,107

Litigation Expense	9		11	(7	)	25	1		1		-		170		210

Depreciation & Amortization	67		66	7		16	4		-		3		2		165

Gains on Sale of Assets, Net	-		-	(8	)	-	-		-		-		-		(8	)

Impairment Losses	2		-	-		66	-		-		2		1		71


Operating Income	131		101	359		98	(3	)	(12	)	(5	)	(220	)	449

Other Income, Net	9		1	-		11	4		1		1		-		27


Income before Interest & Taxes ⁽¹⁾	140		102	359		109	1		(11	)	(4)		(220	)	476

Net Interest Expense ⁽²⁾	18		12	15		5	(1	)	1		1		19		70

Income Tax Expense/(Benefit)	50		42	100		43	(1	)	(2	)	(9)		(165	)	58

Equity in Income of Certain Unconsolidated Subsidiaries	-		-	-		-	13		-		-		-		13

Discontinued Operations	-		-	-		-	-		-		-		(6	)	(6	)


Net Income	$ 72		$ 48	$ 244		$ 61	$ 16		$ (10	)	$ 4		$ (80	)	$ 355



Three Months Ended December 31, 2004

(Dollars in millions)	SDG&E		SoCalGas	Commodities		Generation	Pipelines & Storage		LNG		Financial		Consolidating Adjustments, Parent & Other		Total


Operating Revenues	$ 608		$ 1,176	$ 664		$ 488	$ 69		$ -		$ -		$ (99	)	$ 2,906

Cost of Sales and Other Operating Expenses	442		1,027	395		413	62		14		1		(71	)	2,283

Litigation Expense	19		41	4		17	-		-		-		45		126

Depreciation & Amortization	56		30	7		12	3		-		10		2		120

Gains on Sale of Assets, Net	(1	)	-	-		-	-		-		-		-		(1	)

Impairment Losses (Adjustments)	(6	)	2	-		-	-		-		5		-		1


Operating Income	98		76	258		46	4		(14	)	(16	)	(75	)	377

Other Income, Net	7		12	-		5	(2	)	-		(1	)	10		31


Income before Interest & Taxes ⁽¹⁾	105		88	258		51	2		(14	)	(17	)	(65	)	408

Net Interest Expense ⁽²⁾	17		9	8		8	(1	)	-		2		37		80

Income Tax Expense/(Benefit)	20		21	79		24	(12	)	(6	)	(29	)	(95	)	2

Equity in Income of Certain Unconsolidated Subsidiaries	-		-	-		-	13		-		-		-		13

Discontinued Operations	-		-	-		-	-		-		-		7		7


Net Income	$ 68		$ 58	$ 171		$ 19	$ 28		$ (8	)	$ 10		$ -		$ 346



^{(1) Management believes "Income 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.}

SEMPRA ENERGY
Table F (Unaudited) (continued)

Income Statement Data by Business Unit

Year Ended December 31, 2005

(Dollars in millions)	SDG&E		SoCalGas		Commodities		Generation	Pipelines & Storage		LNG		Financial		Consolidating Adjustments, Parent & Other		Total


Operating Revenues	$ 2,512		$ 4,617		$ 2,724		$ 1,921	$ 329		$ -		$ -		$ (366	)	$ 11,737

Cost of Sales and Other Operating Expenses	1,802		3,905		2,077		1,486	308		34		2		(158	)	9,456

Litigation Expense	52		99		38		43	2		1		-		316		551

Depreciation & Amortization	264		264		28		57	14		-		10		9		646

Gains on Sale of Assets, Net	(1	)	-		(106	)	-	(4	)	-		-		(1	)	(112	)

Impairment Losses	2		2		-		66	6		-		7		2		85


Operating Income	393		347		687		269	3		(35	)	(19	)	(534	)	1,111

Other Income, Net	14		(2	)	-		26	7		1		(8	)	13		51


Income before Interest & Taxes ⁽¹⁾	407		345		687		295	10		(34	)	(27	)	(521	)	1,162

Net Interest Expense ⁽²⁾	56		37		35		20	(2	)	2		6		92		246

Income Tax Expense/(Benefit)	89		97		192		111	3		(11	)	(56	)	(383	)	42

Equity in Income of Certain Unconsolidated Subsidiaries	-		-		-		-	55		-		-		-		55

Discontinued Operations	-		-		-		-	-		-		-		(9	)	(9	)


Net Income	$ 262		$ 211		$ 460		$ 164	$ 64		$ (25	)	$ 23		$ (239	)	$ 920



Year Ended December 31, 2004

(Dollars in millions)	SDG&E		SoCalGas		Commodities		Generation	Pipelines & Storage		LNG		Financial		Consolidating Adjustments, Parent & Other		Total


Operating Revenues	$ 2,274		$ 3,997		$ 1,689		$ 1,662	$ 269		$ -		$ -		$ (457	)	$ 9,434

Cost of Sales and Other Operating Expenses	1,610		3,305		1,153		1,338	252		26		3		(298	)	7,389

Litigation Expense	19		41		17		29	-		-		-		44		150

Depreciation & Amortization	259		255		23		44	14		-		17		9		621

Gains on Sale of Assets, Net	(1	)	(15	)	-		-	-		-		-		1		(15	)

Impairment Losses (Adjustments)	(6	)	2		-		-	-		-		12		-		8


Operating Income	393		409		496		251	3		(26	)	(32	)	(213	)	1,281

Other Income, Net	11		13		-		4	3		13		(20	)	9		33


Income before Interest & Taxes ⁽¹⁾	404		422		496		255	6		(13	)	(52	)	(204	)	1,314

Net Interest Expense ⁽²⁾	48		36		15		27	-		-		8		129		263

Income Tax Expense/(Benefit)	148		154		161		91	5		(5	)	(96)		(265	)	193

Equity in Income of Certain Unconsolidated Subsidiaries	-		-		-		-	62		-		-		-		62

Discontinued Operations	-		-		-		-	-		-		-		(25	)	(25	)


Net Income	$ 208		$ 232		$ 320		$ 137	$ 63		$ (8	)	$ 36		$ (93	)	$ 895



^{(1) Management believes "Income 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 includes Interest Income, Interest Expense and Preferred Dividends of Subsidiaries.}