8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934

Date of Report
(Date of earliest event reported):	November 2, 2006

SEMPRA ENERGY

(Exact name of registrant as specified in its charter)

CALIFORNIA	1-14201	33-0732627
(State of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

101 ASH STREET, SAN DIEGO, CALIFORNIA	92101
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (619) 696-2034

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[   ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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FORM 8-K

Item 2.02  Results of Operations and Financial Condition

The information furnished in this Item 2.02 and in Exhibits 99.1 and 99.2 shall not be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing of Sempra Energy, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

On November 2, 2006, Sempra Energy issued a press release announcing consolidated net income of $653 million, or $2.49 per diluted share of common stock, for the third quarter of 2006. The press release has been posted on Sempra Energy's website (www.sempra.com) and a copy is attached as Exhibit 99.1.

Concurrently with the website posting of such press release and as noted therein, Sempra Energy also posted its Income Statement Data by Business Unit for the three months and nine months ended September 30, 2006 and 2005. A copy of such information is attached as Exhibit 99.2.

Item 9.01  Financial Statements and Exhibits.  

         Exhibits  

          99.1

November 2, 2006 Sempra Energy News Release (including tables)

          99.2

Sempra Energy's Income Statement Data by Business Unit for the three months and nine months ended September 30, 2006 and 2005.

3

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.  

SEMPRA ENERGY
(Registrant)

Date: November 2, 2006	By: /s/ Joseph A. Householder
	Joseph A. Householder Sr. Vice President and Controller

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EX-99

Exhibit 99.1

NEWS RELEASE

Media Contacts:

Doug Kline

Sempra Energy

(877) 866-2066

www.sempra.com

Financial Contacts:

Jeff Martin/Karen Sedgwick

Sempra Energy

(877) 736-7727

SEMPRA ENERGY REPORTS HIGHER

THIRD-QUARTER 2006 EARNINGS

• Company Reports $332 Million in Income From Continuing Operations, Excluding Asset Sales
• Earnings Guidance Raised for 2006

SAN DIEGO, Nov. 2, 2006 - Sempra Energy (NYSE: SRE) today reported earnings of $653 million, or $2.49 per diluted share, in the third quarter 2006, up from $221 million, or $0.86 per diluted share, in the same period last year.  Third-quarter 2006 earnings included income of $110 million from discontinued operations, compared with $5 million in the prior-year period.

Income from continuing operations in the third quarter 2006 was $543 million, or $2.07 per diluted share.  Continuing operations included a $211 million gain from the sale of several Texas power plants.  Excluding the impact of these asset sales, third-quarter 2006 income from continuing operations was $332 million, or $1.27 per diluted share.  

Third-quarter 2005 net income benefited from several one-time items totaling $141 million, offset by a $189 million after-tax effect from an increase in litigation reserves.  

1

For the first nine months of 2006, Sempra Energy's earnings were $1.28 billion, or $4.92 per diluted share, compared with $565 million, or $2.26 per diluted share, during the same period in 2005.  Excluding the impact of the sale of the Texas power plants, nine-month income from continuing operations in 2006 was $758 million, or $2.91 per diluted share.

"Our strategy is to grow both our natural gas infrastructure businesses and our California utilities, while divesting non-core assets," said Donald E. Felsinger, chairman and chief executive officer of Sempra Energy.  "Execution of this plan has been very successful to date.  Given our strong results through the first nine months of the year, we are increasing our earnings guidance for 2006."

Felsinger said the company has raised its 2006 earnings guidance to a range of $3.50 per share to $3.70 per share from continuing operations, excluding gains on asset sales, from the previous range of $3.40 per share to $3.60 per share.

Sempra Energy's revenues in the third quarter 2006 were approximately $2.7 billion, unchanged from the year-ago quarter.

OPERATING HIGHLIGHTS

Sempra Utilities

Third-quarter net income for Southern California Gas Co. (SoCalGas) rose to $61 million in 2006 from $36 million last year.  In the prior-year's quarter, SoCalGas recorded a $53 million after-tax increase in litigation reserves, partially offset by an $18 million benefit from the resolution of prior-years' tax issues.

San Diego Gas & Electric (SDG&E) had net income of $70 million in the third quarter 2006, compared with $102 million in the same quarter last year.  In the third quarter 2006, SDG&E benefited from a favorable regulatory outcome and contributions from its new Palomar Energy Center.  In the year-ago quarter, SDG&E recorded a $39 million  benefit from the resolution of prior-years' tax issues and a $27 million benefit from an electric-transmission cost settlement, offset by the effect of a $27 million after-tax increase in litigation reserves.

2

In August 2006, the California Independent System Operator, the agency that manages the state's power grid, endorsed SDG&E's proposal to build Sunrise Powerlink, a major new transmission line.  The project, if approved by the California Public Utilities Commission, will be built and placed into service in 2010.

Sempra Commodities

Sempra Commodities' third-quarter net income was $105 million in 2006, compared with $161 million last year.  In the third quarter 2005, Sempra Commodities had a $16 million benefit from the resolution of prior-years' tax issues and a $38 million after-tax gain related to asset sales, partially offset by the effect of a $14 million after-tax increase in litigation reserves.  During the recent quarter, Sempra Commodities' results in natural gas, power marketing and metals were strong, while margins in its petroleum marketing business were lower.

Sempra Generation

Net income for Sempra Generation in the third quarter 2006 was $265 million, up from $24 million in the third quarter 2005.  In the recent quarter, Sempra Generation benefited from a net gain of $211 million from the sale of the company's 50-percent stake in several Texas power plants, as well as lower project-development and operating costs.  Third-quarter 2005 earnings were affected by $19 million from temporary mark-to-market losses on forward sales. 

Sempra Pipelines & Storage

Third-quarter net income for Sempra Pipelines & Storage was $19 million in 2006, unchanged from the prior-year's quarter.

3

During the recent quarter, Sempra Pipelines & Storage and ProLiance Transportation and Storage, LLC, announced they acquired three existing salt caverns representing 10 billion cubic feet (Bcf) to 12 Bcf of potential natural gas storage capacity and more than 150 acres of property in Cameron Parish, La.  Once developed, the newly acquired property and caverns would become an extension of Liberty Gas Storage -- a nearby natural gas storage facility the two companies currently are constructing.

Sempra LNG

Sempra LNG reported a loss of $13 million in the third quarter 2006, compared with a loss of $5 million in the same quarter last year.

Construction on Sempra LNG's Mexico receipt terminal -- planned to be operational in 2008 -- is now more than 50-percent complete.  Sempra LNG's Louisiana receipt terminal also is under construction and on schedule for completion in late 2008.

Internet Broadcast

Sempra Energy will broadcast a live discussion of its earnings results over the Internet today at 1 p.m. EST with key company executives.  Access is available by logging onto the Web site at www.sempra.com.  For those unable to log onto the live Webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (706) 645-9291 and entering the passcode, 9434558.

Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2005 revenues of $11.7 billion.  The Sempra Energy companies' 14,000 employees serve more than 29 million consumers in the United States, Europe, Canada, Mexico, South America and Asia.

Income-statement information by business unit is available on Sempra Energy's Web site at http://www.sempra.com/downloads/3Q2006_Table_All.pdf.

###

This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  When the company uses words like "believes," "expects," "anticipates," "intends," "plans," "estimates," "may," "would," "should" or similar expressions, or when the company discusses its strategy or plans, the company is making forward-looking statements.  Forward-looking statements are not guarantees of performance.  They involve risks, uncertainties and assumptions.  Future results may differ materially from those expressed in the forward-looking statements.  Forward-looking statements are necessarily based upon various assumptions involving judgments with

respect to the future and other risks, including, among others: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions by the California Public Utilities Commission, the California State Legislature, the California Department of Water Resources, the Federal Energy Regulatory Commission and other regulatory bodies in the United States and other countries; capital markets conditions, inflation rates, interest rates and exchange rates; energy and trading markets, including the timing and extent of changes in commodity prices; the availability of natural gas and liquefied natural gas; weather conditions and conservation efforts; war and terrorist attacks; business, regulatory, environmental, and legal decisions and requirements; the status of deregulation of retail natural gas and electricity delivery; the timing and success of business de velopment efforts; the resolution of litigation; and other uncertainties, all of which are difficult to predict and many of which are beyond the control of the company.  These risks and uncertainties are further discussed in the company's reports filed with the Securities and Exchange Commission that are available through the EDGAR system without charge at its Web site, www.sec.gov and on the company’s Web site, www.sempra.com

Sempra LNG and Sempra Pipelines & Storage are not the same companies as the utilities, SDG&E or SoCalGas, and are not regulated by the California Public Utilities Commission.  Sempra Energy Trading, doing business as Sempra Commodities, and Sempra Generation are not the same companies as the utilities, SDG&E or SoCalGas, and the California Public Utilities Commission does not regulate the terms of their products and services.

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SEMPRA ENERGY
Table A
STATEMENTS OF CONSOLIDATED INCOME
		Three months ended		Nine months ended
		September 30,		September 30,
(Dollars in millions, except per share amounts)		2006	2005	2006	2005
		(Unaudited)
Operating revenues
Sempra Utilities		$1,494	$1,495	$5,190	$4,783
Sempra Global and parent		1,200	1,215	3,326	2,797
	Total operating revenues	2,694	2,710	8,516	7,580
Operating expenses
Sempra Utilities:
	Cost of natural gas	412	547	2,077	2,060
	Cost of electric fuel and purchased power	203	146	566	437
Other cost of sales		716	709	1,936	1,796
Other operating expenses		657	705	1,979	1,758
Litigation expense		12	325	43	341
Depreciation and amortization		163	152	491	466
Franchise fees and other taxes		67	59	208	181
Losses (gains) on sale of assets, net		(2)	(99)	1	(104)
	Total operating expenses	2,228	2,544	7,301	6,935
Operating income		466	166	1,215	645
Other income, net		376	19	375	24
Interest income		34	28	73	50
Interest expense		(90)	(74)	(273)	(220)
Preferred dividends of subsidiaries		(2)	(2)	(7)	(7)
Income from continuing operations before income taxes and
	equity in earnings of certain unconsolidated subsidiaries	784	137	1,383	492
Income tax expense (benefit)		257	(63)	461	(22)
Equity in earnings of certain unconsolidated subsidiaries		16	16	40	42
Income from continuing operations		543	216	962	556
Discontinued operations, net of income tax		110	5	319	9
Net income		$653	$221	$1,281	$565
Basic earnings per share:
	Income from continuing operations	$2.11	$0.85	$3.76	$2.28
	Discontinued operations, net of income tax	0.43	0.02	1.25	0.04
	Net income	$2.54	$0.87	$5.01	$2.32
Weighted-average number of shares outstanding (thousands)		257,487	252,974	255,834	243,342
Diluted earnings per share:
	Income from continuing operations	$2.07	$0.84	$3.69	$2.22
	Discontinued operations, net of income tax	0.42	0.02	1.23	0.04
	Net income	$2.49	$0.86	$4.92	$2.26
Weighted-average number of shares outstanding (thousands)		262,102	257,370	260,587	249,874
Dividends declared per share of common stock		$0.30	$0.29	$0.90	$0.87
The statements above reflect the decisions in 2006 to dispose of the Twin Oaks power plant, Sempra Energy Production Company, and the Energy Services and Facilities Management businesses, all within Sempra Generation, and Bangor Gas and Frontier Energy, both within Sempra Pipelines & Storage.

5

SEMPRA ENERGY
Table B
CONSOLIDATED BALANCE SHEETS
				September 30,	December 31,
(Dollars in millions)				2006	2005
				(Unaudited)
Assets
Current assets:
	Cash and cash equivalents			$1,501	$769
	Restricted cash			165	12
	Accounts receivable			702	1,145
	Deferred income taxes			336	134
	Interest receivable			43	29
	Trading-related receivables and deposits, net			2,754	3,370
	Derivative trading instruments			4,278	4,502
	Commodities owned			2,025	2,498
	Regulatory assets			217	255
	Inventories			300	205
	Other			269	297
		Current assets of continuing operations		12,590	13,216
		Current assets of discontinued operations		145	611
			Total current assets	12,735	13,827
Investments and other assets:
	Due from unconsolidated affiliates			21	21
	Regulatory assets arising from fixed-price contracts and other derivatives			364	398
	Other regulatory assets			707	713
	Nuclear decommissioning trusts			669	638
	Investments			1,062	1,091
	Sundry			808	802
			Total investments and other assets	3,631	3,663
Property, plant and equipment, net				12,680	11,756
Total assets				$29,046	$29,246
Liabilities and Shareholders' Equity
Current liabilities:
	Short-term debt			$411	$1,043
	Accounts payable			1,256	1,394
	Income taxes payable			132	86
	Trading-related payables			3,192	4,127
	Derivative trading instruments			2,903	3,246
	Commodities sold with agreement to repurchase			488	634
	Dividends and interest payable			153	140
	Regulatory balancing accounts, net			349	192
	Fixed-price contracts and other derivatives			100	130
	Current portion of long-term debt			842	98
	Other			796	1,012
		Current liabilities of continuing operations		10,622	12,102
		Current liabilities of discontinued operations		174	151
			Total current liabilities	10,796	12,253
Long-term debt				4,416	4,815
Deferred credits and other liabilities:
	Due to unconsolidated affiliate			162	162
	Customer advances for construction			123	110
	Postretirement benefits other than pensions			122	121
	Deferred income taxes			355	214
	Deferred investment tax credits			68	73
	Regulatory liabilities arising from removal obligations			2,388	2,313
	Asset retirement obligations			996	958
	Other regulatory liabilities			220	200
	Fixed-price contracts and other derivatives			368	400
	Deferred credits and other			1,377	1,288
			Total deferred credits and other liabilities	6,179	5,839
Preferred stock of subsidiaries				179	179
Shareholders' equity				7,476	6,160
Total liabilities and shareholders' equity				$29,046	$29,246
The statements above reflect the decisions in 2006 to dispose of the Twin Oaks power plant, Sempra Energy Production Company, and the Energy Services and Facilities Management businesses, all within Sempra Generation, and Bangor Gas and Frontier Energy, both within Sempra Pipelines & Storage.

6

SEMPRA ENERGY
Table C
CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS
		Nine months ended
		September 30,
(Dollars in millions)		2006	2005
		(Unaudited)
Cash Flows from Operating Activities:
Income from continuing operations		$962	$556
Adjustments to reconcile income from continuing operations to net cash
provided by operating activities:
	Depreciation and amortization	491	466
	Losses (gains) on sale of assets	1	(104)
	Impairment losses	3	12
	Deferred income taxes and investment tax credits	(56)	(169)
	Equity in income of unconsolidated subsidiaries	(380)	(46)
	Tax benefits from share-based awards	(18)	-
	Other	73	45
Quasi-reorganization resolution		12	-
Net changes in other working capital components		263	(328)
Changes in other assets		41	(2)
Changes in other liabilities		12	335
	Net cash provided by continuing operations	1,404	765
	Net cash used in discontinued operations	(13)	(70)
	Net cash provided by operating activities	1,391	695
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment		(1,341)	(940)
Proceeds from sale of assets from continuing operations		36	275
Expenditures for investments		(126)	(80)
Distribution from investment		104	-
Purchases of nuclear decommissioning and other trust assets		(500)	(200)
Proceeds from sales by nuclear decommissioning and other trusts		476	168
Increase in restricted cash balance		(153)	3
Dividends received from unconsolidated affiliates		410	49
Other		(27)	(12)
	Net cash used in continuing operations	(1,121)	(737)
	Net cash provided by (used in) discontinued operations	778	(18)
	Net cash used in investing activities	(343)	(755)
Cash Flows from Financing Activities:
Common dividends paid		(203)	(193)
Issuances of common stock		89	692
Repurchases of common stock		(12)	(95)
Issuances of long-term debt		422	255
Redemption of mandatorily redeemable preferred securities		-	(200)
Payments on long-term debt		(81)	(207)
Decrease in short-term debt, net		(632)	(97)
Financing transaction related to Sempra Financial		83	-
Tax benefits from share-based awards		18	-
Other		(2)	(3)
	Net cash provided by (used in) continuing operations	(318)	152
	Net cash provided by (used in) discontinued operations	2	(7)
	Net cash provided by (used in) financing activities	(316)	145
Increase in cash and cash equivalents		732	85
Cash and cash equivalents, January 1		769	415
Cash and cash equivalents, September 30		$1,501	$500
The statements above reflect the decisions in 2006 to dispose of the Twin Oaks power plant, Sempra Energy Production Company, and the Energy Services and Facilities Management businesses, all within Sempra Generation, and Bangor Gas and Frontier Energy, both within Sempra Pipelines & Storage.

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SEMPRA ENERGY
Table D
BUSINESS UNIT EARNINGS AND CAPITAL EXPENDITURES & INVESTMENTS (Unaudited)
			Three months ended		Nine months ended
			September 30,		September 30,
(Dollars in millions)			2006	2005	2006	2005
Net Income
Sempra Utilities:
	San Diego Gas & Electric		$70	$102	$182	$190
	Southern California Gas		61	36	168	163
		Total Sempra Utilities	131	138	350	353
Sempra Global:
	Sempra Commodities		105	161	290	216
	Sempra Generation*		265	24	322	91
	Sempra Pipelines & Storage*		19	19	58	48
	Sempra LNG		(13)	(5)	(35)	(15)
		Total Sempra Global	376	199	635	340
Parent & Other			36	(121)	(23)	(137)
Continuing Operations			543	216	962	556
Discontinued Operations, Net of Income Tax			110	5	319	9
Consolidated Net Income			$653	$221	$1,281	$565
	* Excludes amounts now classified as discontinued operations.
CAPITAL EXPENDITURES & INVESTMENTS (Unaudited)
			Three months ended		Nine months ended
			September 30,		September 30,
(Dollars in millions)			2006	2005	2006	2005
Capital Expenditures and Investments
Sempra Utilities:
	San Diego Gas & Electric		$157	$146	$880	$342
	Southern California Gas		91	99	284	245
	Total Sempra Utilities		248	245	1,164	587
Sempra Global:
	Sempra Generation		2	110	37	193
	Sempra Commodities		13	32	43	61
	Sempra Pipelines & Storage		66	3	212	10
	Sempra LNG		121	43	466	156
	Total Sempra Global		202	188	758	420
Parent & Other			4	7	(455)	13
Consolidated Capital Expenditures and Investments			$454	$440	$1,467	$1,020
The statements above reflect the decisions in 2006 to dispose of the Twin Oaks power plant, Sempra Energy Production Company, and the Energy Services and Facilities Management businesses, all within Sempra Generation, and Bangor Gas and Frontier Energy, both within Sempra Pipelines & Storage.

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SEMPRA ENERGY
Table E
OTHER OPERATING STATISTICS (Unaudited)
		Three months ended			Nine months ended
		September 30,			September 30,
SEMPRA UTILITIES		2006	2005		2006	2005
Revenues (Dollars in millions)
	SDG&E (excludes intercompany sales)	$700	$596		$2,078	$1,747
	SoCalGas (excludes intercompany sales)	$794	$899		$3,112	$3,036
Gas Sales (Bcf)		62	67		292	290
Transportation and Exchange (Bcf)		165	142		419	381
Total Deliveries (Bcf)		227	209		711	671
Total Gas Customers (Thousands)					6,446	6,358
Electric Sales (Millions of kWhs)		5,022	4,300		12,897	11,988
Direct Access (Millions of kWhs)		915	865		2,569	2,493
Total Deliveries (Millions of kWhs)		5,937	5,165		15,466	14,481
Total Electric Customers (Thousands)					1,350	1,333
SEMPRA GENERATION
Power Sold (Millions of kWhs)		5,470	4,557	(1)	14,054	12,131	(1)
(1)	Revised to exclude the Twin Oaks, Coleto Creek and Topaz power plants.
SEMPRA PIPELINES & STORAGE
(Represents 100% of these subsidiaries, although only the Mexican subsidiaries are 100% owned by Sempra Energy.)
Natural Gas Sales (Bcf)
	Argentina	89	88		208	210
	Mexico	13	12		34	33
	Chile	1	1		2	2
Natural Gas Customers (Thousands)
	Argentina				1,527	1,488
	Mexico				100	98
	Chile				39	37
Electric Sales (Millions of kWhs)
	Peru	1,166	1,058		3,488	3,185
	Chile	385	511		1,562	1,752
Electric Customers (Thousands)
	Peru				780	762
	Chile				532	518

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SEMPRA ENERGY
Table E (Continued)
SEMPRA COMMODITIES
		Three months ended			Nine months ended
		September 30,			September 30,
Margin* (Dollars in millions)		2006	2005		2006	2005
Geographical:
	North America	$233	$254		$839	$548
	Europe/Asia	128	119		152	113
	Total	$361	$373		$991	$661
Product Line:
	Gas	$146	$121		$430	$122
	Power	116	110		327	234
	Oil - Crude & Products	27	89		113	160
	Metals	53	3		78	42
	Other	19	50		43	103
	Total	$361	$373		$991	$661
* Margin consists of net revenues less related costs (primarily brokerage, transportation and storage) plus or minus net interest expense/income, and is used by management in evaluating its geographical and product line performance.
		Three months ended			Nine months ended
		September 30,			September 30,
Effect of EITF 02-03  (Dollars in millions)		2006	2005		2006	2005
	Mark-to-Market Earnings **	$86	$153		$329	$282
	Effect of EITF 02-03 ***	19	8		(39)	(66)
	GAAP Net Income	$105	$161		$290	$216
** Represents the fair market value of all commodities transactions.  This metric is a useful measurement of profitability because it simultaneously recognizes changes in the various components of transactions and reflects how the business is managed.
*** Consists of the income statement effect of not recognizing changes in the fair market value of certain physical inventories and capacity contracts for transportation and storage.
		Fair
		Market Value
		September 30,	Scheduled Maturity (in months)
Net Unrealized Revenue (Dollars in millions)		2006	0 - 12	13 - 24	25 - 36	> 36
Sources of Over-the-Counter (OTC) Fair Value:
	Prices actively quoted	$1,309	$480	$546	$159	$124
	Prices provided by other external sources	70	(4)	2	-	72
	Prices based on models and other valuation methods	(13)	-	-	-	(13)
	Total OTC Fair Value (1)	1,366	476	548	159	183
	Maturity of OTC Fair Value - Cumulative Percentages		34.8%	75.0%	86.6%	100.0%
Exchange Contracts (2)		(45)	156	(71)	(11)	(119)
Total Net Unrealized Revenue at September 30, 2006		$1,321	$632	$477	$148	$64
	Net Unrealized Revenue - Cumulative Percentages		47.8%	84.0%	95.2%	100.0%
(1) The present value of unrealized revenue to be received or (paid) from outstanding OTC contracts
(2) Cash received or (paid) associated with open Exchange Contracts
		September 30,	December 31,
Credit Quality of Unrealized Trading Assets (net of margin)		2006	2005
Commodity Exchanges		14%	2%
Investment Grade		60%	75%
Below Investment Grade		26%	23%
		Three months ended			Nine months ended
		September 30,			September 30,
Risk Adjusted Performance Indicators (Mark-to-Market Basis)		2006	2005		2006	2005
VaR at 95% (Dollars in millions) (1)		$11.1	$12.8		$15.8	$10.3
VaR at 99% (Dollars in millions) (2)		$15.6	$18.0		$22.3	$14.6
Risk Adjusted Return on Capital (RAROC) (3)		36%	38%		33%	36%
(1) Average Daily Value-at-Risk for the period using a 95% confidence level
(2) Average Daily Value-at-Risk for the period using a 99% confidence level
(3) Average Daily Trading Margin/Average Daily VaR at 95% confidence level
Physical Statistics
Natural Gas (BCF/Day)		11.8	11.7		12.0	11.5
Electric (Billions of kWhs)		126.1	107.0		350.0	300.8
Oil & Liquid Products (Millions Bbls/Day)		0.6	0.7		0.7	0.9

10

EX-99

Exhibit 99.2

SEMPRA ENERGY
Table F (Unaudited)
Income Statement Data by Business Unit
Nine Months Ended September 30, 2006
(Dollars in millions)	SDG&E	SoCalGas	Commodities	Generation	Pipelines & Storage	LNG	Consolidating Adjustments, Parent & Other	Total
Operating Revenues	$2,089	$3,145	$2,178	$1,032	$227	$(21)	$(134)	$8,516
Cost of Sales and Other Operating Expenses	1,496	2,613	1,637	786	210	29	(5)	6,766
Litigation Expense (Adjustment)	3	(3)	8	30	3	-	2	43
Depreciation & Amortization	219	200	19	34	9	-	10	491
Losses (Gains) on Sale of Assets, Net	(1)	(4)	7	-	-	-	(1)	1
Operating Income (Loss)	372	339	507	182	5	(50)	(140)	1,215
Other Income (Expense), Net	15	(1)	-	354	3	-	4	375
Income (Loss) before Interest & Taxes (1)	387	338	507	536	8	(50)	(136)	1,590
Net Interest Expense (Income) (2)	79	31	48	(2)	(2)	3	50	207
Income Tax Expense (Benefit)	126	139	169	216	(8)	(18)	(163)	461
Equity in Income of Certain Unconsolidated Subsidiaries	-	-	-	-	40	-	-	40
Discontinued Operations	-	-	-	-	-	-	319	319
Net Income (Loss)	$182	$168	$290	$322	$58	$(35)	$296	$1,281
Nine Months Ended September 30, 2005
(Dollars in millions)	SDG&E	SoCalGas	Commodities	Generation	Pipelines & Storage	LNG	Consolidating Adjustments, Parent & Other	Total
Operating Revenues	$1,761	$3,091	$1,695	$1,098	$227	$-	$(292)	$7,580
Cost of Sales and Other Operating Expenses	1,259	2,559	1,399	898	215	23	(121)	6,232
Litigation Expense	44	88	45	18	1	-	145	341
Depreciation & Amortization	197	198	21	28	9	-	13	466
Gains on Sale of Assets, Net	(1)	-	(98)	-	(4)	-	(1)	(104)
Operating Income (Loss)	262	246	328	154	6	(23)	(328)	645
Other Income (Expense), Net	4	(1)	(1)	15	3	-	4	24
Income (Loss) before Interest & Taxes (1)	266	245	327	169	9	(23)	(324)	669
Net Interest Expense (Income) (2)	37	27	20	16	(1)	1	77	177
Income Tax Expense (Benefit)	39	55	91	62	4	(9)	(264)	(22)
Equity in Income of Certain Unconsolidated Subsidiaries	-	-	-	-	42	-	-	42
Discontinued Operations	-	-	-	-	-	-	9	9
Net Income (Loss)	$190	$163	$216	$91	$48	$(15)	$(128)	$565
(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.

SEMPRA ENERGY
Table F (Unaudited)
Income Statement Data by Business Unit
Three Months Ended September 30, 2006
(Dollars in millions)	SDG&E	SoCalGas	Commodities	Generation	Pipelines & Storage	LNG	Consolidating Adjustments, Parent & Other	Total
Operating Revenues	$703	$812	$784	$379	$79	$(1)	$(62)	$2,694
Cost of Sales and Other Operating Expenses	481	614	592	288	73	10	(3)	2,055
Litigation Expense	2	2	1	2	1	-	4	12
Depreciation & Amortization	72	67	6	12	3	-	3	163
Losses (Gains) on Sale of Assets, Net	-	(3)	2	-	-	-	(1)	(2)
Operating Income (Loss)	148	132	183	77	2	(11)	(65)	466
Other Income, Net	2	-	-	364	-	2	8	376
Income (Loss) before Interest & Taxes (1)	150	132	183	441	2	(9)	(57)	842
Net Interest Expense (Income) (2)	27	12	17	(6)	(2)	1	9	58
Income Tax Expense (Benefit)	53	59	61	182	1	3	(102)	257
Equity in Income of Certain Unconsolidated Subsidiaries	-	-	-	-	16	-	-	16
Discontinued Operations	-	-	-	-	-	-	110	110
Net Income (Loss)	$70	$61	$105	$265	$19	$(13)	$146	$653
Three Months Ended September 30, 2005
(Dollars in millions)	SDG&E	SoCalGas	Commodities	Generation	Pipelines & Storage	LNG	Consolidating Adjustments, Parent & Other	Total
Operating Revenues	$601	$910	$791	$412	$90	$-	$(94)	$2,710
Cost of Sales and Other Operating Expenses	395	737	614	359	85	8	(32)	2,166
Litigation Expense	44	88	38	10	-	-	145	325
Depreciation & Amortization	66	66	7	10	3	-	-	152
Gains on Sale of Assets, Net	(1)	-	(98)	-	-	-	-	(99)
Operating Income (Loss)	97	19	230	33	2	(8)	(207)	166
Other Income (Expense), Net	3	-	-	15	4	-	(3)	19
Income (Loss) before Interest & Taxes (1)	100	19	230	48	6	(8)	(210)	185
Net Interest Expense (Income) (2)	6	9	8	8	(1)	-	18	48
Income Tax Expense (Benefit)	(8)	(26)	61	16	4	(3)	(107)	(63)
Equity in Income of Certain Unconsolidated Subsidiaries	-	-	-	-	16	-	-	16
Discontinued Operations	-	-	-	-	-	-	5	5
Net Income (Loss)	$102	$36	$161	$24	$19	$(5)	$(116)	$221
(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.