EX-99 3 ex992.htm EXHIBIT 99.2 EXHIBIT 99.2

Exhibit 99.2

SEMPRA ENERGY

Table F (Unaudited)

Income Statement Data by Business Unit

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 Income of Certain Unconsolidated Subsidiaries

-

-

-

-

24

-

-

 

24

 

Discontinued Operations

-

-

-

-

-

-

209

 

209

 

Net Income (Loss)

$ 112

 

$ 107

 

$ 185

 

$ 57

 

$ 39

 

$ (22

)

$ 150

 

 

$ 628

 

Six Months Ended June 30, 2005

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Consolidating Adjustments, Parent & Other

 

Total

 

Operating Revenues

$ 1,160

$ 2,181

$ 904

$ 686

$ 137

$ -

$ (198

)

 

$ 4,870

 

Cost of Sales and Other Operating Expenses

864

1,822

792

547

127

15

(90

)

 

4,077

 

Depreciation & Amortization

131

 

132

 

14

 

18

 

6

 

-

 

13

 

 

314

 

Operating Income (Loss)

165

227

98

121

4

(15

)

(121

)

479

 

Other Income (Expense), Net

1

 

(1

)

(1

)

-

 

(1

)

-

 

7

 

 

5

 

Income (Loss) before Interest & Taxes (1)

166

226

97

121

3

(15

)

(114

)

484

 

Net Interest Expense (2)

31

18

12

8

-

1

59

 

129

 

Income Tax Expense (Benefit)

47

81

30

46

-

(6

)

(157

)

 

41

 

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

26

-

-

 

26

Discontinued Operations

-

-

-

-

-

-

4

 

4

 

Net Income (Loss)

$ 88

 

$ 127

 

$ 55

 

$ 67

 

$ 29

 

$ (10

)

$ (12

)

 

$ 344

(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 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

68

9

16

 

1,978

 

Depreciation & Amortization

80

 

67

 

6

 

11

 

3

 

-

 

4

 

 

171

 

Operating Income (Loss)

125

106

129

34

1

(29

)

(29

)

337

 

Other Income (Expense), Net

11

 

(1

)

1

 

(10

)

2

 

(1

)

(7

)

 

(5

)

 

Income (Loss) before Interest & Taxes (1)

136

105

130

24

3

(30

)

(36

)

332

 

Net Interest Expense (Income) (2)

33

4

15

(2

)

-

1

14

 

65

 

Income Tax Expense (Benefit)

38

43

46

9

(11

)

(14

)

(15

)

 

96

 

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

14

-

-

 

14

 

Discontinued Operations

-

-

-

-

-

-

188

 

188

Net Income (Loss)

$ 65

$ 58

$ 69

$ 17

$ 28

$ (17

)

$ 153

 

$ 373

Three Months Ended June 30, 2005

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Consolidating Adjustments, Parent & Other

 

Total

 

Operating Revenues

$ 539

$ 940

$ 446

$ 309

$ 73

$ -

$ (84

)

$ 2,223

 

Cost of Sales and Other Operating Expenses

403

773

391

248

69

8

(29

)

 

1,863

 

Depreciation & Amortization

66

 

66

 

7

 

10

 

3

 

-

 

6

 

 

158

 

Operating Income (Loss)

70

101

48

51

1

(8

)

(61

)

202

 

Other Income (Expense), Net

(2

)

-

 

(1

)

(6

)

(1

)

-

 

7

 

 

(3

)

 

Income (Loss) before Interest & Taxes (1)

68

101

47

45

-

(8

)

(54

)

199

 

Net Interest Expense (2)

19

9

6

3

-

-

26

 

63

 

Income Tax Expense (Benefit)

20

34

15

20

(1

)

(3

)

(52

)

 

33

 

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

15

-

1

 

16

 

Discontinued Operations

-

-

-

-

-

-

2

 

2

Net Income (Loss)

$ 29

$ 58

$ 26

$ 22

$ 16

$ (5

)

$ (25

)

$ 121

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