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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        949

 

 $       1,077

 

 $             13

 

 $          498

 

 $          127

 

 $            49

 

 $            (21)

 

 

 $ 2,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (689)

 

            (879)

 

              (15)

 

           (349)

 

           (112)

 

             (31)

 

               (11)

 

 

  (2,086)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (68)

 

             (67)

 

                  -

 

             (14)

 

              (5)

 

              (6)

 

                 (2)

 

 

    (162)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

               (4)

 

                8

 

              10

 

                 -

 

                 (4)

 

 

        10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            10

 

               (1)

 

                  -

 

              (1)

 

              (1)

 

              (2)

 

               (18)

 

 

      (13)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          202

 

             130

 

               (6)

 

             142

 

              19

 

               10

 

               (56)

 

 

      441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (25)

 

             (12)

 

               (3)

 

              (2)

 

                2

 

              (3)

 

               (14)

 

 

      (57)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (54)

 

             (41)

 

                 1

 

             (46)

 

              (5)

 

              (3)

 

                 54

 

 

      (94)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

              18

 

                 -

 

                   -

 

 

        18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        123

 

 $            77

 

 $             (8)

 

 $            94

 

 $            34

 

 $              4

 

 $            (16)

 

 

 $    308

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $        716

 

 $          819

 

 $           679

 

 $          390

 

 $            81

 

 $              -

 

 $            (22)

 

 

 $ 2,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

         (474)

 

            (631)

 

            (506)

 

           (294)

 

             (77)

 

              (9)

 

                   1

 

 

  (1,990)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

           (75)

 

             (71)

 

               (6)

 

             (16)

 

              (3)

 

                 -

 

                 (3)

 

 

    (174)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

                  -

 

                7

 

              (2)

 

                 -

 

                 (4)

 

 

          1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

              8

 

                 -

 

                  -

 

                1

 

                1

 

                 -

 

                 (6)

 

 

          4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          175

 

             117

 

              167

 

              88

 

                 -

 

              (9)

 

               (34)

 

 

      504

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (24)

 

             (10)

 

              (14)

 

                2

 

              (1)

 

              (1)

 

               (10)

 

 

      (58)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

           (28)

 

             (44)

 

              (66)

 

             (32)

 

              (1)

 

                6

 

                 30

 

 

    (135)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                  -

 

                 -

 

              19

 

                 -

 

                   -

 

 

        19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                 -

 

                 -

 

                 -

 

               (25)

 

 

      (25)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        123

 

 $            63

 

 $             87

 

 $            58

 

 $            17

 

 $            (4)

 

 $            (39)

 

 

 $    305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     2,449

 

 $       3,776

 

 $           486

 

 $      1,426

 

 $         338

 

 $          44

 

 $           (54)

 

 

 $ 8,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

       (1,796)

 

         (3,225)

 

           (410)

 

       (1,131)

 

         (314)

 

           (75)

 

              (18)

 

 

  (6,969)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (223)

 

            (209)

 

               (6)

 

           (42)

 

           (10)

 

             (8)

 

              (10)

 

 

    (508)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (Losses) on Sale of Assets

 

              3

 

                 -

 

             110

 

               2

 

                -

 

                -

 

                (1)

 

 

      114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

             142

 

             10

 

             30

 

                -

 

              (11)

 

 

      171

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            18

 

                1

 

                  -

 

               1

 

               2

 

             13

 

              (12)

 

 

        23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          451

 

             343

 

             322

 

           266

 

             46

 

           (26)

 

            (106)

 

 

    1,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (72)

 

             (36)

 

             (12)

 

             (6)

 

               4

 

             (5)

 

                (9)

 

 

    (136)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

         (121)

 

            (117)

 

           (132)

 

           (98)

 

           (20)

 

             (2)

 

                67

 

 

    (423)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

                 3

 

                -

 

             54

 

                -

 

                   -

 

 

        57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        258

 

 $          190

 

 $           181

 

 $         162

 

 $          84

 

 $        (33)

 

 $           (48)

 

 

 $    794

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

SDG&E

 

SoCalGas

 

Commodities

 

Generation

 

Pipelines & Storage

 

LNG

 

Consolidating Adjustments, Parent & Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 $     2,084

 

 $       3,168

 

 $        1,901

 

 $      1,064

 

 $         242

 

 $        (11)

 

 $          (120)

 

 

 $ 8,328

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales and Other Expenses

 

       (1,463)

 

         (2,630)

 

         (1,437)

 

         (842)

 

         (227)

 

           (30)

 

              (11)

 

 

  (6,640)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

 

         (225)

 

            (210)

 

             (19)

 

           (41)

 

             (9)

 

                -

 

              (10)

 

 

    (514)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains on Sale of Assets

 

              2

 

                2

 

                  -

 

                -

 

                -

 

                -

 

                  2

 

 

          6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings (Losses) Recorded Before Income Tax

 

               -

 

                 -

 

                  -

 

               6

 

             (5)

 

                -

 

              (12)

 

 

      (11)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense), Net

 

            10

 

               (4)

 

                  -

 

                -

 

               2

 

                -

 

                64

 

 

        72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) Before Interest & Tax (1)

 

          408

 

             326

 

             445

 

           187

 

               3

 

           (41)

 

              (87)

 

 

    1,241

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest (Expense) Income (2)

 

           (71)

 

             (32)

 

             (16)

 

             11

 

             (1)

 

             (2)

 

              (38)

 

 

    (149)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax (Expense) Benefit

 

         (101)

 

            (122)

 

           (156)

 

           (76)

 

               2

 

             16

 

                96

 

 

    (341)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Earnings Recorded Net of Income Tax

 

               -

 

                 -

 

               40

 

                -

 

             46

 

                -

 

                   -

 

 

        86

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

 

               -

 

                 -

 

                  -

 

                -

 

                -

 

                -

 

              (27)

 

 

      (27)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

 $        236

 

 $          172

 

 $           313

 

 $         122

 

 $          50

 

 $        (27)

 

 $           (56)

 

 

 $    810

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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.