SOURCE: Sempra Energy

February 27, 2008 21:13 ET

Southern California Gas Co., SDG&E, Pacific Enterprises Declare Preferred Dividends

SAN DIEGO, CA--(Marketwire - February 27, 2008) - The boards of directors of Southern California Gas Co. (The Gas Company) and San Diego Gas & Electric (SDG&E), both subsidiaries of Sempra Energy (NYSE: SRE), have declared regular quarterly dividends for the preferred and preference series stock of the companies as follows:

  Southern California Gas Co.:
  6% Preferred Series                             $0.375 per share
  6% Series "A" Preferred                         $0.375 per share

  San Diego Gas & Electric:
  Cumulative Preferred 5% Series                  $0.25 per share
  Cumulative Preferred 4.60% Series               $0.23 per share
  Cumulative Preferred 4.50% Series               $0.225 per share
  Cumulative Preferred 4.40% Series               $0.22 per share
  Preference Stock (Cumulative) $1.70 Series      $0.425 per share
  Preference Stock (Cumulative) $1.82 Series      $0.455 per share

Additionally, regular quarterly preferred dividends were declared by Pacific Enterprises, also a subsidiary of Sempra Energy, as follows:

  Pacific Enterprises:
  $4.36 Preferred                                 $1.09 per share
  $4.40 Preferred                                 $1.10 per share
  $4.50 Preferred                                 $1.125 per share
  $4.75 Preferred (2 Series)                      $1.1875 per share

Each of the dividends is payable on April 15, 2008, to shareholders of record on March 10, 2008.

The Gas Company is the nation's largest natural gas distribution utility, providing safe and reliable energy to 20.3 million consumers through 5.7 million meters. SDG&E is a regulated public utility that provides safe and reliable energy service to 3.4 million consumers through 1.4 million electric meters and more than 830,000 natural gas meters in San Diego and southern Orange counties.

The Gas Company and SDG&E are subsidiaries of Sempra Energy. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2007 revenues of more than $11 billion. The Sempra Energy companies' 14,000 employees serve more than 29 million consumers worldwide.

Contact Information

  • Media Contact:
    Jennifer Briscoe
    Sempra Energy
    (877) 866-2066

    Financial Contact:
    Glen Donovan
    Sempra Energy
    (877) 736-7727