SEMPRA ENERGY 9/30/2005 Exhibit 99.2

EX-99 3 ex99_2.htm EXHIBIT 99.2 SEMPRA ENERGY 9/30/2005 Exhibit 99.2

EXHIBIT 99.2

SEMPRA ENERGY

Table F (Unaudited)

Income Statement Data by Business Unit

Three Months Ended September 30, 2005

(Dollars in millions)

SDG&E

SoCal Gas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 601

$ 910

$ 754

$ 462

$ 92

$ -

$ -

$ (93

)

$ 2,726

Operating Expenses

438

825

615

407

88

8

1

108

2,490

Depreciation & Amortization

66

66

7

14

3

-

(3

)

4

157

Operating Income

97

19

132

41

1

(8

)

2

(205

)

79

Other Income, net

3

-

98

15

20

-

(13

)

8

131

Income before Interest & Taxes ⁽¹⁾

100

19

230

56

21

(8

)

(11

)

(197

)

210

Net Interest Expense ⁽²⁾

6

9

8

7

(1

)

-

1

18

48

Income Tax Expense/(Benefit)

(8

)

(26

)

61

19

3

(3

)

(20

)

(86

)

(60

)

Discontinued Operations

-

-

-

-

-

-

-

(1

)

(1

)

Net Income

$ 102

$ 36

$ 161

$ 30

$ 19

$ (5

)

$ 8

$ (130

)

$ 221

Three Months Ended September 30, 2004

(Dollars in millions)

SDG&E

SoCal Gas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 550

$ 826

$ 366

$ 439

$ 73

$ -

$ -

$ (89

)

$ 2,165

Operating Expenses

368

636

282

334

72

6

1

(50

)

1,649

Depreciation & Amortization

68

75

6

10

3

-

5

4

171

Operating Income

114

115

78

95

(2

)

(6

)

(6

)

(43

)

345

Other Income, net

1

14

-

12

13

-

1

(1

)

40

Income before Interest & Taxes ⁽¹⁾

115

129

78

107

11

(6

)

(5

)

(44

)

385

Net Interest Expense ⁽²⁾

-

9

3

7

-

-

2

30

51

Income Tax Expense/(Benefit)

55

52

29

36

4

(2

)

(17

)

(54

)

103

Discontinued Operations

-

-

-

-

-

-

-

-

-

Net Income

$ 60

$ 68

$ 46

$ 64

$ 7

$ (4

)

$ 10

$ (20

)

$ 231

^{(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

Nine Months Ended September 30, 2005

(Dollars in millions)

SDG&E

SoCal Gas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 1,761

$ 3,091

$ 1,658

$ 1,237

$ 236

$ -

$ -

$ (293

)

$ 7,690

Operating Expenses

1,302

2,647

1,408

1,025

218

23

2

13

6,638

Depreciation & Amortization

197

198

21

41

10

-

8

6

481

Operating Income

262

246

229

171

8

(23

)

(10

)

(312

)

571

Other Income, net

4

(1

)

98

15

43

-

(14

)

12

157

Income before Interest & Taxes ⁽¹⁾

266

245

327

186

51

(23

)

(24

)

(300

)

728

Net Interest Expense ⁽²⁾

37

27

20

15

(1

)

1

4

73

176

Income Tax Expense/(Benefit)

39

55

91

68

4

(9

)

(47

)

(217

)

(16

)

Discontinued Operations

-

-

-

-

-

-

-

(3

)

(3

)

Net Income

$ 190

$ 163

$ 216

$ 103

$ 48

$ (15

)

$ 19

$ (159

)

$ 565

Nine Months Ended September 30, 2004

(Dollars in millions)

SDG&E

SoCal Gas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 1,666

$ 2,821

$ 1,018

$ 1,175

$ 200

$ -

$ -

$ (359

)

$ 6,521

Operating Expenses

1,168

2,277

763

937

192

12

2

(228

)

5,123

Depreciation & Amortization

203

225

17

32

10

-

7

7

501

Operating Income

295

319

238

206

(2

)

(12

)

(9

)

(138

)

897

Other Income, net

4

15

-

(1

)

54

13

(26

)

(1

)

58

Income before Interest & Taxes ⁽¹⁾

299

334

238

205

52

1

(35

)

(139

)

955

Net Interest Expense ⁽²⁾

31

27

7

20

1

-

6

91

183

Income Tax Expense/(Benefit)

128

133

82

67

16

1

(67

)

(169

)

191

Discontinued Operations

-

-

-

-

-

-

-

(32

)

(32

)

Net Income

$ 140

$ 174

$ 149

$ 118

$ 35

$ -

$ 26

$ (93

)

$ 549

^{(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 September 30, 2005

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


Operating Revenues	$ 601		$ 910		$ 754	$ 462	$ 92		$ -		$ -		$ (93	)	$ 2,726

Operating Expenses	438		825		615	407	88		8		1		108		2,490

Depreciation & Amortization	66		66		7	14	3		-		(3	)	4		157


Operating Income	97		19		132	41	1		(8	)	2		(205	)	79

Other Income, net	3		-		98	15	20		-		(13	)	8		131


Income before Interest & Taxes ⁽¹⁾	100		19		230	56	21		(8	)	(11	)	(197	)	210

Net Interest Expense ⁽²⁾	6		9		8	7	(1	)	-		1		18		48

Income Tax Expense/(Benefit)	(8	)	(26	)	61	19	3		(3	)	(20	)	(86	)	(60	)

Discontinued Operations	-		-		-	-	-		-		-		(1	)	(1	)


Net Income	$ 102		$ 36		$ 161	$ 30	$ 19		$ (5	)	$ 8		$ (130	)	$ 221



Three Months Ended September 30, 2004

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


Operating Revenues	$ 550		$ 826		$ 366	$ 439	$ 73		$ -		$ -		$ (89	)	$ 2,165

Operating Expenses	368		636		282	334	72		6		1		(50	)	1,649

Depreciation & Amortization	68		75		6	10	3		-		5		4		171


Operating Income	114		115		78	95	(2	)	(6	)	(6	)	(43	)	345

Other Income, net	1		14		-	12	13		-		1		(1	)	40


Income before Interest & Taxes ⁽¹⁾	115		129		78	107	11		(6	)	(5	)	(44	)	385

Net Interest Expense ⁽²⁾	-		9		3	7	-		-		2		30		51

Income Tax Expense/(Benefit)	55		52		29	36	4		(2	)	(17	)	(54	)	103

Discontinued Operations	-		-		-	-	-		-		-		-		-


Net Income	$ 60		$ 68		$ 46	$ 64	$ 7		$ (4	)	$ 10		$ (20	)	$ 231



^{(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

Nine Months Ended September 30, 2005

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


Operating Revenues	$ 1,761	$ 3,091		$ 1,658	$ 1,237		$ 236		$ -		$ -		$ (293	)	$ 7,690

Operating Expenses	1,302	2,647		1,408	1,025		218		23		2		13		6,638

Depreciation & Amortization	197	198		21	41		10		-		8		6		481


Operating Income	262	246		229	171		8		(23	)	(10	)	(312	)	571

Other Income, net	4	(1	)	98	15		43		-		(14	)	12		157


Income before Interest & Taxes ⁽¹⁾	266	245		327	186		51		(23	)	(24	)	(300	)	728

Net Interest Expense ⁽²⁾	37	27		20	15		(1	)	1		4		73		176

Income Tax Expense/(Benefit)	39	55		91	68		4		(9	)	(47	)	(217	)	(16	)

Discontinued Operations	-	-		-	-		-		-		-		(3	)	(3	)


Net Income	$ 190	$ 163		$ 216	$ 103		$ 48		$ (15	)	$ 19		$ (159	)	$ 565



Nine Months Ended September 30, 2004

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


Operating Revenues	$ 1,666	$ 2,821		$ 1,018	$ 1,175		$ 200		$ -		$ -		$ (359	)	$ 6,521

Operating Expenses	1,168	2,277		763	937		192		12		2		(228	)	5,123

Depreciation & Amortization	203	225		17	32		10		-		7		7		501


Operating Income	295	319		238	206		(2	)	(12	)	(9	)	(138	)	897

Other Income, net	4	15		-	(1	)	54		13		(26	)	(1	)	58


Income before Interest & Taxes ⁽¹⁾	299	334		238	205		52		1		(35	)	(139	)	955

Net Interest Expense ⁽²⁾	31	27		7	20		1		-		6		91		183

Income Tax Expense/(Benefit)	128	133		82	67		16		1		(67	)	(169	)	191

Discontinued Operations	-	-		-	-		-		-		-		(32	)	(32	)


Net Income	$ 140	$ 174		$ 149	$ 118		$ 35		$ -		$ 26		$ (93	)	$ 549



^{(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.}