-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LfUqwRVyJi/dQWjFDofNu40y1Dl8ZKr4cc9oLQ6E2CPo6kPbIwyLFpZaZ2XbagTW j77KsmyoT3lAIFKTX9gHlg== 0000086521-05-000019.txt : 20050318 0000086521-05-000019.hdr.sgml : 20050318 20050317175737 ACCESSION NUMBER: 0000086521-05-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050317 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050318 DATE AS OF CHANGE: 20050317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC ENTERPRISES INC CENTRAL INDEX KEY: 0000075527 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 940743670 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00040 FILM NUMBER: 05689976 BUSINESS ADDRESS: STREET 1: 555 WEST 5TH ST STREET 2: STE 2900 CITY: LOS ANGELES STATE: CA ZIP: 90013 BUSINESS PHONE: 2138955000 MAIL ADDRESS: STREET 1: 555 WEST 5TH STREET STREET 2: SUITE 2900 CITY: LOS ANGELES STATE: CA ZIP: 90013 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC LIGHTING CORP DATE OF NAME CHANGE: 19880224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CALIFORNIA GAS CO CENTRAL INDEX KEY: 0000092108 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 951240705 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01402 FILM NUMBER: 05689977 BUSINESS ADDRESS: STREET 1: 555 W FIFTH ST STREET 2: ML 14H1 CITY: LOS ANGELES STATE: CA ZIP: 90013-1011 BUSINESS PHONE: 2132441200 MAIL ADDRESS: STREET 1: 555 WEST 5TH STREET CITY: LOS ANGELES STATE: CA ZIP: 90051-1011 8-K 1 pescg8k03172005.htm FORM 8-K PE/SoCalGas 3/17/2005 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):

March 17, 2005
- -----------------------

 


Commission
File Number
- ----------------------------

Name of Registrant, State of
Incorporation, Address and
Telephone Number
- --------------------------------------

IRS Employer
Identification
Number
- ----------------------------

1-40

Pacific Enterprises
(A California Corporation)
101 Ash Street
San Diego, California 92101
(619) 696-2000

94-0743670
     

1-1402

Southern California Gas Company
(A California Corporation)
555 West Fifth Street
Los Angeles, California 90013
(213) 244-1200

95-1240705

 

 

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





FORM 8-K

ITEM 8.01 OTHER EVENTS

The following information supplements the information contained in the registrants' Annual Reports on Form 10-K for the year ended December 31, 2004 filed with the Securities and Exchange Commission.

CPUC Phase II Cost of Service Decision

            As previously reported, in July 2004 Southern California Gas Company (SoCalGas) filed with the California Public Utilities Commission (CPUC) a proposed settlement of Phase II of its cost of service proceeding. The proceeding addresses SoCalGas' attrition allowance and performance-based incentive mechanisms. On March 17, 2005, the CPUC approved the settlement and adopted related performance measures and incentives.

            The CPUC's decision establishes an indexing methodology for post-test-year ratemaking which includes inflation adjustments and earnings-sharing mechanisms. It also provides for the resumption of performance-based incentive mechanisms that permit incentive rewards and penalties based on customer service and safety. The decision is retroactive to January 1, 2005 and applicable to years 2005-2007. It also eliminates earnings sharing that would otherwise have been applicable for year 2004 and incentive awards for year 2004.

            For the years 2005-2007, SoCalGas' authorized base-rate revenues will be annually increased by the increase in the Consumer Price Index but subject to minimum and maximum percentage increases that increase yearly. The annual minimum percentage increases range from 2.0% to 3.3% and the annual maximum percentage increases range from 3.0% to 4.3%. For these years any base-rate earnings that exceed SoCalGas' CPUC-authorized rate of return on rate base plus 0.5 percentage points will be shared with customers in percentages that vary with the amount of the excess, beginning with customers' receiving 75% of the excess and declining to 25% as the excess increases. The decision authorizes SoCalGas to file for a suspension of the indexing and sharing mechanisms if its base-rate earnings for any year are at least 1.75 percentage points below its authorized rate of return and authorizes any party to the settlement to file for a suspension if S oCalGas' base-rate earnings for any year are at least 1.75 percentage points above its authorized rate. The mechanisms will be automatically suspended if SoCalGas' base-rate earnings for either 2005 or 2006 are at least 3 percentage points above or below its authorized rate of return.

            The decision also establishes formula-based performance measures for customer service and safety. These provide SoCalGas with annual reward and penalty potentials of approximately $8 million.





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.

Pacific Enterprises

 

 

Date: March 17, 2005

By: /s/ F. H. Ault
- -----------------------------------------
 

F. H. Ault
Sr. Vice President and Controller

 

 

Southern California Gas Company

Date: March 17, 2005

By: /s/ S.D. Davis
- -----------------------------------------
 

S.D. Davis
Sr. Vice President-External Relations
and Chief Financial Officer
 

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