San Diego Gas & Electric 8-K Results of Operations and Financial Condition

SEMPRA ENERGY
Table F (Unaudited)
Statement of Operations Data by Segment
Three Months Ended June 30, 2014
(Dollars in millions)			SDG&E	SoCalGas	Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues			$        1,063	$       917	$            390	$           186	$              9	$         236	$               (123)	$     2,678
Cost of sales and other expenses			(690)	(688)	(310)	(134)	(11)	(225)	103	(1,955)
Depreciation and amortization			(131)	(107)	(13)	(15)	(2)	(16)	(4)	(288)
Gain on sale of asset			-	-	2	-	-	-	-	2
Equity earnings, before income tax			-	-	-	-	9	14	-	23
Other income, net			7	3	4	12	1	-	22	49
Income (loss) before interest and tax(1)			249	125	73	49	6	9	(2)	509
Net interest expense(2)			(51)	(17)	(6)	(3)	(1)	(1)	(55)	(134)
Income tax (expense) benefit			(69)	(28)	(18)	(12)	13	(3)	24	(93)
Equity earnings, net of income tax			-	-	-	9	-	-	-	9
(Earnings) losses attributable to noncontrolling interests			(6)	-	(7)	(9)	-	(1)	1	(22)
Earnings (losses)			$          123	$         80	$              42	$            34	$            18	$             4	$                 (32)	$        269
Three Months Ended June 30, 2013
(Dollars in millions)		��	SDG&E	SoCalGas	Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues			$        1,064	$       904	$            371	$           163	$            30	$         218	$                 (99)	$     2,651
Cost of sales and other expenses			(632)	(645)	(290)	(112)	(14)	(192)	79	(1,806)
Depreciation and amortization			(107)	(80)	(15)	(15)	(7)	(20)	(3)	(247)
Plant closure loss			(200)	-	-	-	-	-	-	(200)
Equity (losses) earnings, before income tax			-	-	-	-	(3)	11	-	8
Other income (expense), net			9	3	-	(5)	5	2	12	26
Income (loss) before interest and tax(1)			134	182	66	31	11	19	(11)	432
Net interest expense(2)			(50)	(19)	(2)	(3)	(5)	(3)	(53)	(135)
Income tax (expense) benefit			(12)	(45)	(17)	(2)	9	(6)	41	(32)
Equity (losses) earnings, net of income tax			-	-	(7)	8	-	-	-	1
(Earnings) losses attributable to noncontrolling interests			(7)	-	(6)	(8)	-	(1)	1	(21)
Earnings (losses)			$            65	$       118	$              34	$            26	$            15	$             9	$                 (22)	$        245
(1)	Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our
	operations exclusive of interest and income tax, 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.

SEMPRA ENERGY
Table F (Unaudited)
Statement of Operations Data by Segment
Six Months Ended June 30, 2014
(Dollars in millions)		SDG&E		SoCalGas	Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues		$       2,050		$    2,002	$            768	$           387	$            15	$         496	$               (245)	$     5,473
Cost of sales and other expenses		(1,339)		(1,539)	(611)	(269)	(23)	(468)	207	(4,042)
Depreciation and amortization		(261)		(212)	(27)	(31)	(3)	(33)	(7)	(574)
Plant closure adjustment		13	(1)	-	-	-	-	-	-	13
Gain on sale of equity interest and asset		-		-	2	-	27	-	-	29
Equity earnings, before income tax		-		-	-	-	11	29	-	40
Other income, net		20		7	5	22	1	1	33	89
Income (loss) before interest and tax(2)		483		258	137	109	28	25	(12)	1,028
Net interest expense(3)		(101)		(34)	(11)	(7)	(1)	(2)	(110)	(266)
Income tax (expense) benefit		(152)		(66)	(33)	(24)	19	(9)	45	(220)
Equity (losses) earnings, net of income tax		-		-	(2)	17	-	-	-	15
(Earnings) losses attributable to noncontrolling interests		(8)		-	(14)	(19)	-	(1)	1	(41)
Earnings (losses)		$          222		$       158	$              77	$            76	$            46	$          13	$                 (76)	$        516
Six Months Ended June 30, 2013
(Dollars in millions)		SDG&E		SoCalGas	Sempra South American Utilities	Sempra Mexico	Sempra Renewables	Sempra Natural Gas	Consolidating Adjustments, Parent & Other	Total
Revenues		$       2,003		$    1,887	$            755	$           331	$            51	$         471	$               (197)	$     5,301
Cost of sales and other expenses		(1,269)		(1,445)	(591)	(225)	(27)	(412)	171	(3,798)
Depreciation and amortization		(241)		(180)	(30)	(31)	(15)	(40)	(5)	(542)
Plant closure loss		(200)		-	-	-	-	-	-	(200)
Gain on sale of asset		-		-	-	-	-	74	-	74
Equity (losses) earnings, before income tax		-		-	-	-	(2)	20	-	18
Other income, net		20		7	3	4	5	4	20	63
Income (loss) before interest and tax(2)		313		269	137	79	12	117	(11)	916
Net interest expense(3)		(98)		(36)	(4)	(4)	(10)	(15)	(102)	(269)
Income tax (expense) benefit		(63)		(69)	(34)	(28)	17	(39)	6	(210)
Equity (losses) earnings, net of income tax		-		-	(14)	19	-	-	-	5
Losses (earnings) attributable to noncontrolling interests		4		-	(14)	(9)	-	(1)	1	(19)
Earnings (losses)		$          156		$       164	$              71	$            57	$            19	$          62	$               (106)	$        423
(1)	After taxes, including a $17 million charge to reduce certain tax regulatory assets attributed to SONGS, the adjustment to loss from plant closure is a $9 million charge to earnings.
(2)	Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our
	operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.
(3)	Net Interest Expense includes interest income, interest expense and preferred dividends of subsidiaries.