Southern California Gas Company, SDG&E, Pacific Enterprises declare preferred dividends

Nov 28, 2007

Media Contact:
Jennifer Briscoe

Financial Contact:
Glen Donovan

San Diego Gas & Electric

Sempra Energy

(877) 866-2066

(877) 736-7727

www.sempra.com

investor@sempra.com

 

        SAN DIEGO, Nov. 27, 2007 - The boards of directors of Southern California Gas Company (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 Company:
        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) $1.7625 Series           $0.440625 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 January 15, 2008, to shareholders of record on December 10, 2007.

        The Gas Company is the nation’s largest natural gas distribution utility, providing safe and reliable energy to 20.1 million consumers through 5.6 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 2006 revenues of nearly $12 billion.  The Sempra Energy companies’ 14,000 employees serve more than 29 million consumers worldwide.

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