SEMPRA ENERGY Inc Stmt Data by Business Unit

EX-99 3 ex992tablef.htm EXHIBIT 99.2 SEMPRA ENERGY Inc Stmt Data by Business Unit

Exhibit 99.2

SEMPRA ENERGY

Table F (Unaudited)

Income Statement Data by Business Unit

Three Months Ended March 31, 2006

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 722

$ 1,425

$ 780

$ 404

$ 80

$ -

$ -

$ (62

)

$ 3,349

Cost of Sales and Other Operating Expenses

556

1,258

573

291

73

10

-

(22

)

2,739

Litigation Expense

-

-

5

26

1

-

-

1

33

Depreciation & Amortization

67

66

7

13

4

-

-

2

159

Impairment Losses

-

-

-

-

-

-

2

-

2

Operating Income

99

101

195

74

2

(10

)

(2

)

(43

)

416

Other Income (Expense), Net

1

-

(1

)

1

1

(1

)

(3

)

6

4

Income before Interest & Taxes ⁽¹⁾

100

101

194

75

3

(11

)

(5

)

(37

)

420

Net Interest Expense (Income) ⁽²⁾

18

15

16

6

(1

)

-

1

29

84

Income Tax Expense/(Benefit)

35

37

62

26

3

(6

)

(11

)

(36

)

110

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

10

-

-

-

10

Discontinued Operations

-

-

-

-

-

-

-

19

19

Net Income

$ 47

$ 49

$ 116

$ 43

$ 11

$ (5

)

$ 5

$ (11

)

$ 255

Three Months Ended March 31, 2005

(Dollars in millions)

SDG&E

SoCalGas

Commodities

Generation

Pipelines & Storage

LNG

Financial

Consolidating Adjustments, Parent & Other

Total

Operating Revenues

$ 621

$ 1,241

$ 458

$ 382

$ 69

$ -

$ -

$ (116)

$ 2,655

Cost of Sales and Other Operating Expenses

461

1,049

397

301

61

7

1

(63)

2,214

Litigation Expense

-

-

4

4

-

-

-

-

8

Depreciation & Amortization

65

66

7

9

4

-

5

2

158

Impairment Losses

-

-

-

-

-

-

1

-

1

Operating Income

95

126

50

68

4

(7)

(7)

(55)

274

Other Income (Expense), Net

2

(1)

-

7

-

(1)

(1)

4

10

Income before Interest & Taxes ⁽¹⁾

97

125

50

75

4

(8)

(8)

(51)

284

Net Interest Expense ⁽²⁾

11

9

6

3

-

-

1

36

66

Income Tax Expense/(Benefit)

27

47

15

27

1

(3)

(13)

(94)

7

Equity in Income of Certain Unconsolidated Subsidiaries

-

-

-

-

10

-

-

-

10

Discontinued Operations

-

-

-

-

-

-

-

2

2

Net Income

$ 59

$ 69

$ 29

$ 45

$ 13

$ (5)

$ 4

$ 9

$ 223

^{(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.}

The statements above reflect the decision in the first quarter of 2006 to dispose of the Twin Oaks power plant and the Energy Services and Facilities Management businesses within Sempra Generation.

SEMPRA ENERGY
Table F (Unaudited)

Income Statement Data by Business Unit

Three Months Ended March 31, 2006

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


Operating Revenues	$ 722	$ 1,425	$ 780		$ 404	$ 80		$ -		$ -		$ (62	)	$ 3,349

Cost of Sales and Other Operating Expenses	556	1,258	573		291	73		10		-		(22	)	2,739

Litigation Expense	-	-	5		26	1		-		-		1		33

Depreciation & Amortization	67	66	7		13	4		-		-		2		159

Impairment Losses	-	-	-		-	-		-		2		-		2


Operating Income	99	101	195		74	2		(10	)	(2	)	(43	)	416

Other Income (Expense), Net	1	-	(1	)	1	1		(1	)	(3	)	6		4


Income before Interest & Taxes ⁽¹⁾	100	101	194		75	3		(11	)	(5	)	(37	)	420

Net Interest Expense (Income) ⁽²⁾	18	15	16		6	(1	)	-		1		29		84

Income Tax Expense/(Benefit)	35	37	62		26	3		(6	)	(11	)	(36	)	110

Equity in Income of Certain Unconsolidated Subsidiaries	-	-	-		-	10		-		-		-		10

Discontinued Operations	-	-	-		-	-		-		-		19		19


Net Income	$ 47	$ 49	$ 116		$ 43	$ 11		$ (5	)	$ 5		$ (11	)	$ 255



Three Months Ended March 31, 2005

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


Operating Revenues	$ 621	$ 1,241	$ 458		$ 382	$ 69		$ -		$ -		$ (116)		$ 2,655

Cost of Sales and Other Operating Expenses	461	1,049	397		301	61		7		1		(63)		2,214

Litigation Expense	-	-	4		4	-		-		-		-		8

Depreciation & Amortization	65	66	7		9	4		-		5		2		158

Impairment Losses	-	-	-		-	-		-		1		-		1


Operating Income	95	126	50		68	4		(7)		(7)		(55)		274

Other Income (Expense), Net	2	(1)	-		7	-		(1)		(1)		4		10


Income before Interest & Taxes ⁽¹⁾	97	125	50		75	4		(8)		(8)		(51)		284

Net Interest Expense ⁽²⁾	11	9	6		3	-		-		1		36		66

Income Tax Expense/(Benefit)	27	47	15		27	1		(3)		(13)		(94)		7

Equity in Income of Certain Unconsolidated Subsidiaries	-	-	-		-	10		-		-		-		10

Discontinued Operations	-	-	-		-	-		-		-		2		2


Net Income	$ 59	$ 69	$ 29		$ 45	$ 13		$ (5)		$ 4		$ 9		$ 223



^{(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.}

The statements above reflect the decision in the first quarter of 2006 to dispose of the Twin Oaks power plant and the Energy Services and Facilities Management businesses within Sempra Generation.