Company Overview of San Diego Gas & Electric Company
San Diego Gas & Electric Company operates as a regulated public utility that provides energy and natural gas services. It sells and transports natural gas, as well as transmits and wholesales electricity. The company owns and operates four natural gas-fired power plants in California and Nevada. Its electric transmission and distribution facilities include substations, and overhead and underground lines. As of December 31, 2013, the company’s electric facilities consisted of approximately 2,076 miles of transmission lines and 23,891 miles of distribution lines in San Diego, Imperial, and Orange counties of California, as well as in Arizona and Nevada. As of December 31, 2013, its natural gas...
8326 Century Park Court
San Diego, CA 92123
Founded in 1905
Key Executives for San Diego Gas & Electric Company
Chairman of Sempra Energy and Chief Executive Officer of Sempra Energy
Chief Executive Officer of Southern California Gas Co. and President of Southern California Gas Co.
Chief Executive Officer of Sempra U.S. Gas & Power and President of Sempra U.S. Gas & Power
Compensation as of Fiscal Year 2014.
San Diego Gas & Electric Company Key Developments
PAR Electrical Contractors, Inc. Reaches Settlement Agreement with San Diego Gas and Electric
Dec 23 14
Quanta Services, Inc. announced that its subsidiary PAR Electrical Contractors, Inc. (PAR) has reached a settlement agreement with San Diego Gas and Electric (SDG&E) regarding an outstanding change order dispute associated with work performed by PAR for SDG&E's Sunrise Powerlink Transmission Line Project, which was completed in 2012. The two parties have agreed that PAR will receive a cash payment of $65 million from SDG&E, representing the final amount to compensate PAR for substantially all of the unpaid portion of its costs incurred on the project. As a result of the settlement agreement, Quanta expects to recognize an estimated $50 million charge (approximately $31 million net of tax) to provision for long-term contract receivable in the fourth quarter of 2014. The estimated net impact of this provision on Quanta's results for the fourth quarter is an after tax reduction of approximately $0.14 per diluted share.
San Diego Gas & Electric Company Presents at U.S. Solar Market Insight Conference, Dec-09-2014 11:30 AM
Dec 8 14
San Diego Gas & Electric Company Presents at U.S. Solar Market Insight Conference, Dec-09-2014 11:30 AM. Venue: San Diego, California, United States. Speakers: James P. Avery, Senior Vice President of Power Supply.
San Diego Gas & Electric Company Reports Earnings Results for the Third Quarter and Nine Months Ended of September 2014
Nov 4 14
San Diego Gas & Electric Company reported earnings results for the third quarter and nine months ended of September 2014. For the quarter, the company’s earnings were $157 million, compared with $129 million in the third quarter of last year, due primarily to higher CPUC base operating margin and favorable resolution of prior-years' income tax items. Revenues were $1,233 million compared to $1,063 million a year ago. Income before interest and tax was $285 million compared to $273 million a year ago.
For the first nine months of 2014, the company’s earnings were $379 million, compared with $285 million in the first nine months of 2013. Adjusted earnings were $388 million, compared with adjusted earnings of $352 million in the first nine months of 2013. Revenues were $3,283 million compared to $3,066 million a year ago. Income before interest and tax was $768 million compared to $586 million a year ago.
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