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San Diego Gas Electric Co (86521) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2020

San Diego Gas Electric Co

CIK: 86521

Exhibit 99.1

sempraenergylogo1.jpg
NEWS RELEASE

Media Contact:Linda Pazin
Sempra Energy
(877) 340-8875
media@sempra.com
Financial Contact:Adam Pierce
Sempra Energy
(877) 736-7727
investor@sempra.com


SEMPRA ENERGY REPORTS
FIRST-QUARTER 2020 EARNINGS RESULTS

Providing Safe and Essential Services Through COVID-19 Pandemic
Delivering on Strategic Focus, Business Resiliency and Operating Discipline to Drive Strong Results and Outlook
Maintaining Strong Liquidity Position

SAN DIEGO, May 4, 2020 – Sempra Energy (NYSE:SRE) today reported first-quarter 2020 earnings of $760 million, or $2.53 per diluted share, compared to first-quarter 2019 earnings of $441 million, or $1.59 per diluted share. On an adjusted basis, the company’s first-quarter 2020 earnings were $932 million, or $3.08 per diluted share, compared to $534 million, or $1.92 per diluted share, in the first quarter of 2019.
“In the midst of a global pandemic, we are reminded that our employees face health risks in their daily lives and unique challenges in performing their jobs. That is why our first priority has been, and continues to be, the safety of our employees, customers and communities,” said Jeffrey W. Martin, chairman and CEO of Sempra Energy. “We remain focused on advancing our strategic priorities and committed to delivering safe and reliable energy to over 35 million consumers, including the many hospitals and primary care facilities across our communities.”
“Our strong financial results this quarter reflect the focused execution of our strategic plan,” added Martin. “We plan to continue to strengthen our balance sheet and maintain solid liquidity across our companies, while pursuing our disciplined growth plan.”


The following information was filed by San Diego Gas Electric Co on Monday, May 4, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside San Diego Gas Electric Co's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parentheticals)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Operations
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Acquisitions, Divestitures And Discontinued Operations
Acquisitions, Divestitures And Discontinued Operations (Tables)
Acquisitions, Divestitures And Discontinued Operations - Acquisition Activity (Details)
Acquisitions, Divestitures And Discontinued Operations - Discontinued Operations (Details)
Acquisitions, Divestitures And Discontinued Operations - Divestitures (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Contractual Commitments (Details)
Commitments And Contingencies - Legal Proceedings (Details)
Commitments And Contingencies - Lessee Cash Flow Information (Details)
Commitments And Contingencies - Lessor Information (Details)
Commitments And Contingencies - Other Litigation (Details)
Debt And Credit Facilities
Debt And Credit Facilities (Tables)
Debt And Credit Facilities - Lines Of Credit (Details)
Debt And Credit Facilities - Long-Term Debt (Details)
Debt And Credit Facilities - Weighted-Average Interest Rates And Interest Rate Swaps (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Cash Flow Hedges (Details)
Derivative Financial Instruments - Derivative Commodity Volumes (Details)
Derivative Financial Instruments - Derivative Impact On Income (Details)
Derivative Financial Instruments - Derivative Instruments On The Condensed Balance Sheet (Details)
Derivative Financial Instruments - Derivative Instruments With Contingent Features (Details)
Derivative Financial Instruments - Derivative Notionals (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Financial Instruments (Details)
Fair Value Measurements - Recon Of Level 3 Assets (Details)
Fair Value Measurements - Recurring Fair Value Measures (Details)
General Information And Other Financial Data
General Information And Other Financial Data (Policies)
General Information And Other Financial Data (Tables)
General Information And Other Financial Data - Affiliates Revenue And Cost Of Sales (Details)
General Information And Other Financial Data - Capitalized Financing Costs (Details)
General Information And Other Financial Data - Cash, Cash Equivalents And Restricted Cash (Details)
General Information And Other Financial Data - Changes In Accumulated Other Comprehensive Income (Details)
General Information And Other Financial Data - Credit Losses (Details)
General Information And Other Financial Data - Due To Due From Affiliates (Details)
General Information And Other Financial Data - Earnings Per Share (Details)
General Information And Other Financial Data - Income Taxes (Details)
General Information And Other Financial Data - Inventories (Details)
General Information And Other Financial Data - Other (Expense) Income, Net (Details)
General Information And Other Financial Data - Other Noncontrolling Interests (Details)
General Information And Other Financial Data - Pension And Other Postretirement Benefits (Details)
General Information And Other Financial Data - Principles Of Consolidation (Details)
General Information And Other Financial Data - Rabbi Trust (Details)
General Information And Other Financial Data - Reclassification From Accumulated Other Comprehensive Income (Details)
General Information And Other Financial Data - Shareholder's Equity And Noncontrolling Interest (Details)
General Information And Other Financial Data - Variable Interest Entities (Details)
General Information And Other Financial Data - Wildfire Fund (Details)
Investment In Unconsolidated Entities (Tables)
Investments In Unconsolidated Entities
Investments In Unconsolidated Entities - Narrative (Details)
Investments In Unconsolidated Entities - Summarized Financial Information (Details)
New Accounting Standards
New Accounting Standards (Details)
New Accounting Standards (Tables)
Regulatory Matters
Regulatory Matters (Tables)
Regulatory Matters - Cost Of Capital &Amp; Ferc (Details)
Regulatory Matters - General Rate Case (Details)
Regulatory Matters - Regulatory Accounts (Details)
Revenues
Revenues (Tables)
Revenues - Contract Liabilities (Details)
Revenues - Disaggregation Of Revenue (Details)
Revenues - Performance Obligations (Details)
Revenues - Receivables From Revenues From Contracts With Customers (Details)
San Onofre Nuclear Generating Station
San Onofre Nuclear Generating Station (Details)
San Onofre Nuclear Generating Station (Tables)
San Onofre Nuclear Generating Station - Nuclear Decommissioning Trusts (Details)
San Onofre Nuclear Generating Station - Nuclear Insurance (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
CIK: 86521
Form Type: 10-Q Quarterly Report
Accession Number: 0001032208-20-000022
Submitted to the SEC: Mon May 04 2020 3:43:10 PM EST
Accepted by the SEC: Mon May 04 2020
Period: Tuesday, March 31, 2020
Industry: Electric And Other Services Combined

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