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): March 9, 1998
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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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1-11439 ENOVA CORPORATION California 33-0643023
1-3779 SAN DIEGO GAS &
ELECTRIC COMPANY California 95-1184800
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101 ASH STREET, SAN DIEGO, CALIFORNIA 92101
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(Address of principal executive offices) (Zip Code)
Registrants' telephone number, including area code (619) 696-2000
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(Former name or former address, if changed since last report.)
FORM 8-K
Item 5. Other Events
On March 9, 1998 Enova Corporation and Pacific Enterprises reached an agreement
with the U.S. Department of Justice to gain clearance for the Enova - Pacific
Enterprises merger. Under the agreement, Enova has committed to follow through
with its previously announced plans to auction off San Diego Gas & Electric's
two fossil-fuel power plants, located in Carlsbad and Chula Vista, California.
Additionally, the merged company, Sempra Energy, will be required to gain prior
Department of Justice approval before it can acquire or control any existing
California generation facilities in excess of 500 megawatts. The Department of
Justice's approval clears the merger under the notification requirements of the
Hart-Scott-Rodino Antitrust Act.
On March 11, 1998 California Public Utilities Commission (CPUC) Commissioner
Josiah L. Neeper issued an alternate decision to the administrative law judge's
(ALJ) proposed decision issued on February 23, 1998 regarding the Enova -
Pacific Enterprises merger. The alternate decision differs from the ALJ
proposed decision in that the former calls for sharing of net merger synergy
savings between customers and shareholders for a 10-year period, as requested by
Enova and Pacific Enterprises, rather than for a 5-year period as proposed by
the ALJ. Commissioner Neeper's alternate doesn't preclude other commissioners
from issuing their own alternate decisions. The CPUC schedule calls for a
final decision on March 26, 1998 which may be the ALJ proposed decision, the
Neeper alternate, or another decision.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Joint Enova Corporation - Pacific Enterprises News Release concerning the
U.S. Department of Justice Clearance of Enova - Pacific Enterprises Merger.
99.2 Enova Corporation Investor Relations News Release concerning the
alternate decision issued by Commissioner Neeper on the Enova Corporation -
Pacific Enterprises merger.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ENOVA CORPORATION
(Registrant)
Date: March 16, 1998 By: /s/ F.H. Ault
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F.H. Ault
Vice President and Controller
and
SAN DIEGO GAS & ELECTRIC COMPANY
(Registrant)
Date: March 16, 1998 By: /s/ F.H. Ault
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F.H. Ault
Vice President, Chief Financial
Officer, Controller and Treasurer