Southern California Gas Company PFD 6% (SOCGM) 8-K Results of Operations and Financial Condition

		SEMPRA ENERGY
		Table F (Unaudited)
Statement of Operations Data by Segment
Three Months Ended September 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			$        1,233	$       855	$            379	$           234	$            10	$         252	$               (148)	$     2,815
Cost of sales and other expenses			(823)	(593)	(305)	(156)	(13)	(255)	137	(2,008)
Depreciation and amortization			(134)	(109)	(14)	(16)	(1)	(17)	(1)	(292)
Gain on sale of equity interest			-	-	-	19	-	-	-	19
Equity earnings, before income tax			-	-	-	-	7	15	-	22
Other income (expense), net			9	6	10	5	-	1	(2)	29
Income (loss) before interest and tax(1)			285	159	70	86	3	(4)	(14)	585
Net interest expense(2)			(51)	(17)	(3)	(4)	(2)	(1)	(60)	(138)
Income tax (expense) benefit			(65)	(44)	(26)	(13)	16	31	30	(71)
Equity (losses) earnings, net of income tax			-	-	(2)	9	-	-	-	7
Earnings attributable to noncontrolling interests			(12)	-	(7)	(15)	-	-	(1)	(35)
Earnings (losses)			$          157	$         98	$              32	$            63	$            17	$           26	$                 (45)	$        348
Three Months Ended September 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			$        1,063	$       807	$            364	$           188	$            25	$         212	$               (108)	$     2,551
Cost of sales and other expenses			(674)	(552)	(286)	(117)	(10)	(211)	91	(1,759)
Depreciation and amortization			(126)	(100)	(14)	(16)	(5)	(20)	(5)	(286)
Gain (loss) on sale of equity interests and assets			-	-	-	-	40	-	(1)	39
Equity (losses) earnings, before income tax			-	-	-	-	(10)	13	-	3
Other income (expense), net			10	2	3	1	4	3	(7)	16
Income (loss) before interest and tax(1)			273	157	67	56	44	(3)	(30)	564
Net interest (expense) income(2)			(55)	(17)	(5)	-	2	(8)	(54)	(137)
Income tax (expense) benefit			(84)	(38)	(16)	(16)	(9)	4	42	(117)
Equity earnings, net of income tax			-	-	-	8	-	-	-	8
Earnings attributable to noncontrolling interests			(5)	-	(7)	(9)	-	-	(1)	(22)
Earnings (losses)			$          129	$       102	$              39	$            39	$            37	$            (7)	$                 (43)	$        296
(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)	Includes interest income and interest expense. In 2013, also includes call premium on preferred stock of subsidiary and preferred dividends of subsidiaries.

		SEMPRA ENERGY
		Table F (Unaudited)
Statement of Operations Data by Segment
Nine Months Ended September 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			$       3,283		$    2,857	$         1,147	$           621	$            25	$         748	$               (393)	$     8,288
Cost of sales and other expenses			(2,162)		(2,132)	(916)	(425)	(36)	(723)	344	(6,050)
Depreciation and amortization			(395)		(321)	(41)	(47)	(4)	(50)	(8)	(866)
Plant closure adjustment			13	(1)	-	-	-	-	-	-	13
Gain on sale of equity interests and assets			-		-	2	19	27	-	-	48
Equity earnings, before income tax			-		-	-	-	18	44	-	62
Other income, net			29		13	15	27	1	2	31	118
Income (loss) before interest and tax(2)			768		417	207	195	31	21	(26)	1,613
Net interest expense(3)			(152)		(51)	(14)	(11)	(3)	(3)	(170)	(404)
Income tax (expense) benefit			(217)		(110)	(59)	(37)	35	22	75	(291)
Equity (losses) earnings, net of income tax			-		-	(4)	26	-	-	-	22
Earnings attributable to noncontrolling interests			(20)		-	(21)	(34)	-	(1)	-	(76)
Earnings (losses)			$          379		$       256	$            109	$           139	$            63	$          39	$               (121)	$        864
Nine Months Ended September 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			$       3,066		$    2,694	$         1,119	$           519	$            76	$         683	$               (305)	$     7,852
Cost of sales and other expenses			(1,943)		(1,997)	(877)	(342)	(37)	(623)	262	(5,557)
Depreciation and amortization			(367)		(280)	(44)	(47)	(20)	(60)	(10)	(828)
Plant closure loss			(200)		-	-	-	-	-	-	(200)
Gain (loss) on sale of equity interests and assets			-		-	-	-	40	74	(1)	113
Equity (losses) earnings, before income tax			-		-	-	-	(12)	33	-	21
Other income, net			30		9	6	5	9	7	13	79
Income (loss) before interest and tax(2)			586		426	204	135	56	114	(41)	1,480
Net interest expense(3)			(153)		(53)	(9)	(4)	(8)	(23)	(156)	(406)
Income tax (expense) benefit			(147)		(107)	(50)	(44)	8	(35)	48	(327)
Equity (losses) earnings, net of income tax			-		-	(14)	27	-	-	-	13
Earnings attributable to noncontrolling interests			(1)		-	(21)	(18)	-	(1)	-	(41)
Earnings (losses)			$          285		$       266	$            110	$            96	$            56	$          55	$               (149)	$        719
(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)	Includes interest income, interest expense and preferred dividends of subsidiaries. In 2013, also includes call premium on preferred stock of subsidiary.