December 27, 2014 11:45 PM ET

Multi-Utilities

Company Overview of San Diego Gas & Electric Company

Company Overview

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

United States

Founded in 1905

4,603 Employees

Phone:

619-696-2000

Key Executives for San Diego Gas & Electric Company

President
Age: 58
Chief Financial Officer
Age: 58
Chairman of Sempra Energy and Chief Executive Officer of Sempra Energy
Age: 58
Chief Executive Officer of Southern California Gas Co. and President of Southern California Gas Co.
Age: 53
Chief Executive Officer of Sempra U.S. Gas & Power and President of Sempra U.S. Gas & Power
Age: 52
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

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

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

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.

Similar Private Companies By Industry

Company Name Region
DEGS of St. Bernard, LLC United States
CMS Energy X-Tras Pass-through Trust I United States
Fitchburg Gas and Electric Light Company, Inc. United States
PSE&G Capital Trust II United States
AES Southland, L.L.C. United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
October 20, 2014
Ultura (LA) Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact San Diego Gas & Electric Company, please visit www.sdge.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.