EX-99 3 exhibit992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

SEMPRA ENERGY

 

 

 

Table F (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Statement Data by Business Unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        754

 

 $       1,143

 

 $             16

 

 $          482

 

 $          118

 

 $              5

 

 $            (15)

 

 

 $ 2,503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (564)

 

            (971)

 

              (43)

 

           (423)

 

           (114)

 

             (32)

 

                 (7)

 

 

  (2,154)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (78)

 

             (71)

 

                  -

 

             (14)

 

              (3)

 

              (2)

 

                 (3)

 

 

    (171)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains on Sale of Assets

 

               -

 

                 -

 

              109

 

                 -

 

                 -

 

                 -

 

                   -

 

 

      109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

              146

 

                 -

 

              12

 

                 -

 

                 (3)

 

 

      155

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

              5

 

                2

 

                  -

 

                1

 

                3

 

                 -

 

                   6

 

 

        17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          117

 

             103

 

              228

 

              46

 

              16

 

             (29)

 

               (22)

 

 

      459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (21)

 

             (11)

 

               (4)

 

              (2)

 

                1

 

              (1)

 

                   7

 

 

      (31)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (35)

 

             (36)

 

              (94)

 

             (21)

 

             (11)

 

                2

 

                 (7)

 

 

    (202)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

              18

 

                 -

 

                   -

 

 

        18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         61

 

 $            56

 

 $           130

 

 $            23

 

 $            24

 

 $          (28)

 

 $            (22)

 

 

 $    244

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        659

 

 $          981

 

 $           710

 

 $          277

 

 $            84

 

 $            (4)

 

 $            (46)

 

 

 $ 2,661

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (473)

 

            (808)

 

            (457)

 

           (249)

 

             (80)

 

             (11)

 

                 (2)

 

 

  (2,080)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (75)

 

             (70)

 

               (6)

 

             (13)

 

              (3)

 

                 -

 

                 (4)

 

 

    (171)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains on Sale of Assets

 

               -

 

                2

 

                  -

 

                 -

 

                 -

 

                 -

 

                   2

 

 

          4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

              (3)

 

                 -

 

                 (3)

 

 

        (6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

             (2)

 

               (2)

 

                  -

 

              (2)

 

                1

 

                 -

 

                 56

 

 

        51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          109

 

             103

 

              247

 

              13

 

              (1)

 

             (15)

 

                   3

 

 

      459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (23)

 

             (10)

 

                  -

 

                2

 

                1

 

                 -

 

               (15)

 

 

      (45)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (35)

 

             (39)

 

              (86)

 

              (5)

 

                2

 

                2

 

                 18

 

 

    (143)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Net of Income Tax

 

               -

 

                 -

 

               (6)

 

                 -

 

              15

 

                 -

 

                   -

 

 

          9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                 -

 

                 -

 

                 -

 

                 (3)

 

 

        (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $         51

 

 $            54

 

 $           155

 

 $            10

 

 $            17

 

 $          (13)

 

 $                3

 

 

 $    277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     1,500

 

 $       2,699

 

 $           473

 

 $         928

 

 $         211

 

 $          (5)

 

 $           (33)

 

 

 $ 5,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

       (1,107)

 

         (2,346)

 

           (395)

 

          (782)

 

          (202)

 

           (44)

 

               (7)

 

 

  (4,883)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (155)

 

            (142)

 

               (6)

 

           (28)

 

             (5)

 

             (2)

 

               (8)

 

 

    (346)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (Losses) on Sale of Assets

 

              3

 

                 -

 

             110

 

               2

 

                -

 

                -

 

               (1)

 

 

      114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

             146

 

               2

 

             20

 

                -

 

               (7)

 

 

      161

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income, Net

 

              8

 

                2

 

                  -

 

               2

 

               3

 

             15

 

                 6

 

 

        36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          249

 

             213

 

             328

 

            124

 

             27

 

           (36)

 

              (50)

 

 

      855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (47)

 

             (24)

 

               (9)

 

             (4)

 

               2

 

             (2)

 

                 5

 

 

      (79)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (67)

 

             (76)

 

           (133)

 

           (52)

 

           (15)

 

               1

 

                13

 

 

    (329)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                 3

 

                -

 

             36

 

                -

 

                  -

 

 

        39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        135

 

 $          113

 

 $           189

 

 $           68

 

 $           50

 

 $         (37)

 

 $           (32)

 

 

 $    486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     1,368

 

 $       2,349

 

 $        1,222

 

 $         674

 

 $         161

 

 $         (11)

 

 $           (98)

 

 

 $ 5,665

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (989)

 

         (1,999)

 

           (931)

 

          (548)

 

          (150)

 

           (21)

 

              (12)

 

 

  (4,650)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (150)

 

            (139)

 

             (13)

 

           (25)

 

             (6)

 

                -

 

               (7)

 

 

    (340)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains on Sale of Assets

 

              2

 

                2

 

                  -

 

                -

 

                -

 

                -

 

                 2

 

 

          6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Losses Recorded Before Income Tax

 

               -

 

                 -

 

                  -

 

             (1)

 

             (3)

 

                -

 

               (8)

 

 

      (12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              2

 

               (4)

 

                  -

 

             (1)

 

               1

 

                -

 

                70

 

 

        68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          233

 

             209

 

             278

 

             99

 

               3

 

           (32)

 

              (53)

 

 

      737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (47)

 

             (22)

 

               (2)

 

               9

 

                -

 

             (1)

 

              (28)

 

 

      (91)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (73)

 

             (78)

 

             (90)

 

           (44)

 

               3

 

             10

 

                66

 

 

    (206)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

               40

 

                -

 

             27

 

                -

 

                  -

 

 

        67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                -

 

               (2)

 

 

        (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        113

 

 $          109

 

 $           226

 

 $           64

 

 $           33

 

 $         (23)

 

 $           (17)

 

 

 $    505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Management believes "Income (Loss) before Interest & Taxes" 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.