SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported): December 6, 1995
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Exact name of
Commission Registrant IRS Employer
File as specified State of Identification
Number in its charter Incorporation Number
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1-3779 SAN DIEGO GAS &
ELECTRIC COMPANY California 95-1184800
1-11439 SDO PARENT CO.,INC. California 33-0643023
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101 ASH STREET, SAN DIEGO, CALIFORNIA 92101
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(Address of principal executive offices) (Zip Code)
(619) 696-2000
Registrant's telephone number, including area code-----------------------
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(Former name or former address, if changed since last report.)
FORM 8-K
Item 5. Other Events
On December 6, 1995 the California Public Utilities Commission approved
SDG&E's application to form a holding company. The new parent company's name
will be Enova Corporation and it will become the holding company on January 1,
1996. At the beginning of trading on January 2, 1996 the new stock ticker
symbol will be ENA. After the necessary stock transfers are made, SDG&E will
become a subsidiary of Enova, as will the five companies that currently are
subsidiaries of SDG&E: Enova Financial, Enova Energy Management, Enova
Technologies, Califia and Pacific Diversified Capital. The common stock of
SDG&E will be converted share-for-share into the common stock of Enova. All
of SDG&E's debt securities and outstanding shares of preferred and preference
stock will remain with SDG&E and will be unaffected.
Effective January 1, 1996 Thomas A. Page will become chairman of Enova. He
will retain his title as SDG&E chairman, but will step down as SDG&E's
president and chief executive officer. He will retire from both chairman
positions at the end of 1997, consistent with company policy. Stephen L.
Baum, currently SDG&E executive vice president, will become president and
chief executive officer of Enova. He will also become a director of both
Enova and SDG&E. SDG&E Executive Vice President Donald E. Felsinger will
become president and chief executive officer and a director of SDG&E. Also
effective January 1, 1996 the members of SDG&E's current Board of Directors
will also serve as directors of Enova.
Several SDG&E officers will hold shared management positions with Enova and
SDG&E. These include David R. Kuzma, SDG&E senior vice president, chief
financial officer and treasurer; Frank H. Ault, SDG&E vice president and
controller; and Margot A. Kyd, SDG&E vice president of human resources. The
position of general counsel, currently unfilled, will also become a shared
officer position. These officers will retain their current titles at SDG&E
and assume similar titles at Enova.
For additional information please see the attached press release filed as an
exhibit hereto.
Item 7. Financial Statements and Exhibits
(c) Exhibits
28.1 December 6, 1995 San Diego Gas and Electric Company news release.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SAN DIEGO GAS & ELECTRIC COMPANY
(Registrant)
Date: December 7, 1995 By: /s/ F.H. Ault
_____________________________
F.H. Ault
Vice President and Controller
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SDO PARENT CO.,INC.
Date: December 7, 1995 By: /s/ F.H. Ault
______________________________
F.H. Ault
Vice President and Controller