SECURITIES AND EXCHANGE COMMISSION 
                    WASHINGTON, D.C. 20549 
 
                         Form U-3A-2  
 
       Statement by Holding Company Claiming Exemption Under 
             Rule U-3A-2 from the Provisions of the 
           Public Utility Holding Company Act of 1935 
 
             To Be Filed Annually Prior to March 1 
 
                      ENOVA CORPORATION 
 
hereby files with the Securities Exchange Commission, pursuant to Rule 
2, its statement claiming exemption as a holding company from the 
provisions of the Public Utility Holding Company Act of 1935, and 
submits the following information: 
 
1.	NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF 
CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE 
GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR 
INDIRECTLY HOLDS AN INTEREST. 
 
	Enova Corporation ("Claimant") is a corporation organized and 
existing under the laws of the State of California.  Claimant is a 
holding company, organized to acquire and hold securities of other 
corporations.  Claimant's principal place of business is 101 Ash Street, 
San Diego, California.  Its mailing address is Post Office Box 129400, 
San Diego, California 92112-4150.  Claimant has the following 
subsidiaries: 
 
A.	San Diego Gas & Electric Company ("SDG&E") is a public utility 
organized and existing as a corporation under the laws of the State of 
California.  SDG&E is a wholly owned subsidiary of Claimant.  SDG&E is 
primarily engaged in the business of distributing electric energy in a 
portion of Orange County, California and distributing electric energy 
and natural gas in San Diego County, California.  SDG&E's principal 
place of business is 101 Ash Street, San Diego, California.  Its mailing 
address is Post Office Box 1831, San Diego, California 92112-4150. 
 
B.	Pacific Diversified Capital Company ("PDCC") is an independently-
operated holding company organized and existing as a corporation under 
the laws of the State of California.  PDCC is a wholly-owned subsidiary 
of SDG&E<F1>.  PDCC owns Enova Technologies, Inc., Phase One 
Development, Inc. and Phase One Construction, Inc. (inactive).  PDCC's 
principal place of business is 101 Ash Street, San Diego, California 
92101. 
- ------------------------------- 

<F1> Claimant anticipates that SDG&E will dividend the stock of PDCC, 
along with the stock of SDG&E's other subsidiaries referenced below, to 
Claimant in the next few months. 
 

<PAGE> 
 
     (1)   Phase One Development, Inc. ("Phase One") is a corporation 
organized and existing under the laws of the State of California.  Phase 
One is in the business of owning and developing real property for 
residential and commercial purposes.  Phase One's principal place of 
business is 101 Ash Street, San Diego, California 92101. 
 
     (2)   Phase One Construction, Inc. is an inactive corporation 
organized and existing under the laws of the State of California.  Its 
principal offices are located at 101 Ash Street, San Diego, California 
92101. 
 
     (3)   Enova Technologies, Inc. ("ETI") is a corporation, organized 
and existing under the laws of the State of California.  ETI is a 
wholly-owned subsidiary of PDCC.  ETI is in the business of developing 
new technologies generally related to the utility and energy business.  
ETI's principle place of business is 101 Ash Street, San Diego, 
California 92101. 
 
C.   Enova Financial, Inc. ("Enova Financial") is a corporation 
organized and existing under the laws of the State of California.  Enova 
Financial is a wholly-owned subsidiary of SDG&E.  Enova Financial's 
principal business is investing as a limited partner in affordable-
housing projects located throughout the country.  Enova Financial's 
principal place of business is 101 Ash Street, San Diego, California 
92101. 
 
D.   Califia Company ("Califia") is a corporation organized and existing 
under the laws of the State of California.  Except for an immaterial 
number of shares of non-voting preferred stock, Califia is a wholly-
owned subsidiary of SDG&E.  Califia is an equipment leasing company, 
specializing in leasing computer equipment.  Califia's principal place 
of business is 101 Ash Street, San Diego, California 92101. 
 
E.   Enova Energy Management, Inc. ("EEMI") is a corporation, organized 
and existing under the laws of the State of California.  EEMI is a 
wholly-owned subsidiary of SDG&E.  EEMI is an energy management 
consulting firm.  EEMI's primary business is resource management 
(including generation, purchased power and transmission) and fuel and 
power procurement for utilities and large end users.  EEMI's principal 
place of business is 12555 High Bluff Drive, Suite 155, San Diego, 
California 92130. 
 
2.   A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS 
SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, 
TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE 
PRODUCTION, TRANSMISSION, AND DISTRIBUTION OF NATURAL OR MANUFACTURED 
GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, 
TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND 
ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES 
WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE 
ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE 
ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. 
 
                                    2 
 

<PAGE> 
	Claimant is not a "public utility company" for the purposes of the 
Public Utilities Holding Company Act of 1935 (the "Act"), and does not 
own any such properties. 
 
SDG&E Electric Utility Properties: 
- --------------------------------- 
 
     SDG&E operates nine oil and gas-fueled generating units, with net 
capability of 1,641 MW, located in San Diego County.  The four South Bay 
units (690 MW), located in the City of Chula Vista, went into operation 
between 1960 and 1971; the five Encina units (951 MW), located in the 
City of Carlsbad, went into operation between 1954 and 1978.  SDG&E owns 
100% of all of these units except Encina 5 (330 MW), which SDG&E sold 
and leased back in 1978, with a lease term through 2004 and renewal 
options for up to 15 additional years.  SDG&E owns 19 gas-fired 
combustion turbines with net capability of 332 MW, which were placed in 
service from 1966 to 1979; these turbines are located at various sites 
in San Diego County and are used only for emergency and peak demand.  
SDG&E owns 20% of the three nuclear units at San Onofre Nuclear 
Generating Station ("SONGS 1, 2 and 3"), located in San Diego County, 
south of San Clemente at the United States' Camp Pendleton Marine Base.  
SONGS 1, 2 and 3 are primarily owned and operated by Southern California 
Edison Company ("Edison").  SONGS 1 has been permanently shut down.  
SDG&E's share of SONGS 2 and 3 amounts to an aggregate of 430 MW.  SDG&E 
owns another 230 MW diesel and gas-fueled plant in San Diego County 
which is in storage and is not expected to return to service. 
 
     SDG&E's transmission facilities consist of transmission lines and 
transmission substations operating at various voltages from 69 kV 
(69,000 Volts) upwards to 500 kV.  SDG&E owns the transmission 
facilities located in the area in which it serves (San Diego County and 
a contiguous portion of Southern Orange County), as well as all or 
portions (specified below) of the three segments of the Southwest 
PowerLink (SWPL), a 500 kV transmission line extending from SDG&E's 
Miguel Substation in Southern San Diego County to the Palo Verde Nuclear 
Generating Station (PVNGS) west of Phoenix, Arizona, via two 
intermediary substations at Imperial Valley, California and North Gila, 
Arizona. 
 
      SDG&E's transmission system consists of the following: 
 
              - 500 kV: 279.00 circuit-miles (159.0 miles in  
                        California, 120.0 miles in Arizona) 
              - 230 kV: 358.45 circuit-miles (all in California) 
              - 138 kV: 317.57 circuit-miles (all in California) 
              -  69 kV: 938.03 circuit-miles (all in California) 
 
     SDG&E is interconnected  to various utilities for the purpose of 
buying and selling electric power and energy, as well as for mutual 
reliability.  SDG&E is interconnected with Edison at the San Onofre 230 
kV bus.  SDG&E's system connects to the Mexico utility Comision Federal 
de Electricidad (CFE) via two 230 kV transmission lines, one from Miguel 
Substation to Tijuana Substation and the other from Imperial Valley 
Substation to La Rosita Substation (each line owned by SDG&E on the U.S. 
side of the international border).  The Miguel-Imperial Valley segment 
of the SWPL (100% owned by SDG&E) provides an  
 
                                 3 
 

<PAGE> 
interconnection to the system of Imperial Irrigation District (IID); the 
Imperial Valley-North Gila segment of the SWPL (85.64% owned by SDG&E) 
provides an interconnection with Arizona Public Service (APS); and the 
North Gila-Palo Verde segment of the SWPL (76.22% owned by SDG&E) 
provides the final leg for accessing power at the Palo Verde 500 kV bus, 
at which power from various sources can be obtained by SDG&E.  All the 
substations at these interconnections are jointly owned by SDG&E and the 
respective interconnected utilities. 
 
     SDG&E's distribution facilities consist of approximately 8,700 
circuit miles of overhead lines and 9,100 circuit miles of underground 
lines located in San Diego and Orange Counties. 
 
SDG&E Gas Utility Properties: 
- ---------------------------- 
 
     SDG&E owns and operates facilities used for the distribution at 
retail of natural gas for heat, light and power in San Diego County.  
SDG&E's natural gas facilities are located in San Diego and Riverside 
Counties.  Gas facilities consist of transmission facilities (compressor 
stations of 16,900 horsepower in Moreno and of 3,080 horsepower in 
Rainbow), 147 miles of high-pressure transmission pipelines, 
approximately 6,500 miles of high-pressure and low-pressure distribution 
mains and approximately 5,400 miles of service lines.  All natural gas 
is delivered to SDG&E under a transportation and storage agreement with 
Southern California Gas Company through two transmission pipelines and 
one distribution pipeline, owned by Southern California Gas, with a 
combined capacity of 525 million cubic feet per day. 
 
3.     Information for calendar year 1995 with respect to claimant and 
each of its subsidiary public utility companies<F2>: 
 
(a).   NUMBER OF KWH. OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE), 
AND MCF. OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL<F3>.<F4> 
                           Electric(kwh)              Gas(Mcf) 
     Claimant:    None 
     SDG&E:     Retail:   15,513,879,684            112,865,260 
             Wholesale:      393,345,000                    N/A 
 
(b).   NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR 
MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH EACH 
SUCH COMPANY IS ORGANIZED. 
 
- ---------------------------- 

<F2> Due to the proximity of the effective date of this filing to the 
close of the most recent calendar year, final operations information for 
1995 is not yet available.  Accordingly, information provided herein is 
based on estimates.  Final information will be included in Claimant's 
Form U-3A-2 to be filed on or before March 1, 1996. 

<F3> Excludes customer-owned natural gas transported to retail customers 
by SDG&E. 

<F4> Excludes exchanges of natural gas and electricity with wh0lesale 
suppliers that are not considered sales or purchases under the Federal 
Power Act. 
 
                                    4 
 

<PAGE> 
 
      Claimant:   None 
      SDG&E:      None 
 
(c).   NUMBER OF KWH. OF ELECTRIC ENERGY AND MCF. OF NATURAL OR 
MANUFACTURED GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN WHICH EACH SUCH 
COMPANY IS ORGANIZED, OR AT THE STATE LINE.<F5> 
 
                             Electric(kwh)        Gas(Mcf) 
                             -------------        -------- 
       Claimant:    None 
       SDG&E:                 261,792,000         1,293,041   
 
(d).   Number of kwh. of electric energy and Mcf. of natural or 
manufactured gas purchased outside the State in which each such company 
is organized, or at the State line.<F5>
                             
                            Electric(kwh)           Gas(Mcf)   
                            -------------           --------- 
       Claimant:               None      
       SDG&E:                8,517,000,000         92,471,796
 
4.     THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT 
TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG 
OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES 
DOLLARS: 
 
(a).   NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE 
FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE 
GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR 
FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS. 
 
       None. 
 
(b).   Name of each system company that holds an interest in such EWG or 
foreign utility company; and description of the interest held. 
 
       Not applicable. 
 
(c).   TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY 
THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE 
OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING 
COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION 
FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING 
COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG 
OR FOREIGN UTILITY COMPANY. 
 
       Not applicable. 
- ------------------------ 
<F5>Excludes exchanges of natural gas and electricity with wholesale 
suppliers that are not considered sales or purchases under the Federal 
Power Act. 
                                    5 
 

<PAGE> 
 
 
(d).   CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY 
DURING THE REPORTING PERIOD. 
 
       Not applicable. 
 
(e).   IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN 
THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE 
THE SERVICES TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER 
SUCH AGREEMENT(S). 
 
      Not applicable. 
 
EXHIBIT A 
 
      Consolidating Statements of income and surplus of the Claimant's 
subsidiary companies for 1994 and the nine-months ended September 30, 
1995, together with consolidating balance sheets of Claimant's 
subsidiary companies as of the close of such periods, are attached as 
Exhibit A <F6>.  No separate consolidating financial statements for 
Claimant have been prepared since the reorganization by which Claimant 
became the parent corporation of SDG&E and its subsidiaries effective on 
January 1, 1996. 

<F6> Due to the proximity of the effective date of this filing to the close of
the most recent calendar year, financial statements for 1995 are not yet 
available.  Financial statements for 1995 will be included in Claimant's 
Form U-3A-2 to be filed on or before March 1, 1996. 


<PAGE> 


San Diego Gas and Electric Company and Subsidiaries  
Consolidating Income Statement 
In Thousands of Dollars  
For the Nine Months Ended September 30, 1995 
<TABLE> 
<CAPTION> 
                                                                                 Enova 
                                     SDG&E      PDCC     CALIFIA   Financial  Eliminations  Consolidated 
                                   ----------  -------  ---------  ---------  ------------  ------------ 
<S>                                <C>         <C>      <C>        <C>        <C>           <C>          
OPERATING REVENUES                                                                                       
Electric                           $1,130,530  $        $          $           $             $1,130,530 
Gas                                   229,897                                                   229,897 
Diversified operations                           3,244    38,483     1,087       (1,358)         41,456 
                                   ----------  -------  ---------  ---------  ------------  ------------ 
TOTAL OPERATING REVENUES            1,360,427    3,244    38,483     1,087       (1,358)      1,401,883 
                                   ----------  -------  ---------  ---------  ------------  ------------ 
OPERATING EXPENSES                                                                                      
Electric fuel                          75,480                                                   75,480 
Purchased power                       262,702                                                  262,702 
Gas purchased for resale               82,610                                                   82,610 
Maintenance                            55,194                                                   55,194 
Depreciation & decommissioning        194,857    1,684     7,949     3,864                     208,354 
Property and other taxes               34,193                                                   34,193 
General and administrative            138,988    1,163       214       156                     140,521 
Other                                 123,353    1,506    31,152                               156,011 
Income taxes                          150,816   (2,656)   (8,559)  (16,228)                    123,373 
                                   ----------  --------  --------  ---------  ------------  ----------- 
TOTAL OPERATING EXPENSES            1,118,193    1,697    30,756   (12,208)         -        1,138,438 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Operating Income                      242,234    1,547     7,727    13,295       (1,358)       263,445 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Other Income and (Deductions)                                                                           
Writedown of real estate                                                                                
Allow for equity funds used             4,447                                                   4,447 
Taxes on non-operating income          (1,750)     800                                           (950) 
Other-net                               4,317   (3,851)    1,070      (386)      (4,504)       (3,354) 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Total other income & (deductions)       7,014   (3,051)    1,070      (386)      (4,504)          143 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Income Before Interest Charges        249,248   (1,504)    8,797    12,909       (5,862)      263,588 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Interest Charges                                                                               
Long-term debt                         62,592    1,736     1,462     6,332                     72,122 
Short-term debt and other              15,783    1,546                           (2,904)       14,425 
Allow for borrowed funds used          (2,013)                                                 (2,013) 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Net interest charges                   76,362    3,282     1,462     6,332       (2,904)       84,534 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Income from continuing operations     172,886   (4,786)    7,335     6,577       (2,958)      179,054 
Discontinued operations                         (6,168)                                        (6,168) 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Net Income (before preferred  
dividend requirements)                172,886  (10,954)    7,335     6,577       (2,958)      172,886 
 
Preferred Dividend Requirements         5,747      -         -         -            -           5,747 
                                   ----------  --------  --------  ---------  ------------  ----------- 
Earnings Applicable to  
  Common Shares                    $  167,139 $(10,954)  $ 7,335   $ 6,577      $(2,958)     $167,139 
                                   ==========  ========  ========  =========  ============  =========== 

<table/>

<PAGE> 
San Diego Gas and Electric Company and Subsidiaries  
Consolidating Statement of Retained Earnings 
For the Nine Months Ending September 30, 1995 
In Thousands of Dollars  

</TABLE>

<TABLE> 
<CAPTION> 
                                                               ENOVA                               
                                SDG&E       PDCC     CALIFIA  Financial  Eliminations  Consolidated 
                              ---------   ---------  -------  ---------  ------------  ------------ 
<S>                           <C>         <C>        <C>      <C>       <C>           <C>           
Balance, December 31, 1994    $ 618,581   $(43,752)  $16,976   $11,628    $15,148       $618,581    
  Net Income                    172,886    (10,954)    7,335     6,577     (2,958)       172,886    
Dividends declared                                                                                  
     Preferred stock             (5,747)                                                  (5,747)   
     Common stock              (136,346)                                                (136,346)   
                              ----------  ---------  -------  --------    -------     ------------  
Balance September 30, 1995    $ 649,374   $(54,706)  $24,311   $18,205    $12,190       $649,374    
                              ==========  =========  =======  ========    =======     ============  

<table/> 


<PAGE> 
San Diego Gas and Electric Company and Subsidiaries  
Consolidating Balance Sheet 
In Thousands of Dollars  
For the Period Ended September 30, 1995 

</TABLE>


<TABLE> 
<CAPTION> 
                                                                      Enova 
                                     SDG&E       PDCC     CALIFIA   Financial  Eliminations Consolidated 
                                   ----------  --------  ---------  ---------  ------------ ------------ 
<S>                                <C>         <C>       <C>        <C>        <C>          <C> 
ASSETS                                                                               
Utility plant--at original cost    $5,468,196  $         $          $          $            $5,468,196 
Accumulated depreciation                                                                                
    and decommissioning            (2,364,825)                                              (2,364,825) 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
  Utility plant--net                3,103,371                                                3,103,371 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
Investments and other property        370,628    25,359     47,727    160,897    (89,618)      514,993 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
CURRENT ASSETS                                                                                         
  Cash and temporary investments      124,611       558        137     14,787                  140,093 
  Accounts receivable                 185,927     2,395      7,466      9,143    (14,389)      190,542 
  Notes receivable                                          64,345     19,250    (50,401)       33,194 
  Inventories                          73,001                                                   73,001 
  Other                                33,019        70     13,995               (13,892)       33,192 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL CURRENT ASSETS             416,558     3,023     85,943     43,180    (78,682)      470,022 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
Deferred taxes recoverable in rates   283,968                                                  283,968 
Deferred charges and other assets     258,908    14,676     94,873        680    (35,696)      333,441 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL                         $4,433,433  $ 43,058  $ 228,543  $ 204,757  $(203,996)   $4,705,795 
                                   ==========  ========  =========  =========  ==========  ============ 
                                                                                                         
CAPITALIZATION AND LIABILITIES                            
                                                                     
CAPITALIZATION                                             
  Common equity                    $1,505,881  $ (4,052) $  57,576  $  65,005  $(118,529)   $1,505,881 
  Preferred stock not subject                                                                          
    to mandatory redemption            93,475                                                   93,475 
  Preferred stock subject to                                                                           
    mandatory redemption               25,000                                                   25,000 
  Long-term debt                    1,273,839               15,110    106,810                1,395,759 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL CAPITALIZATION           2,898,195    (4,052)    72,686    171,815   (118,529)    3,020,115 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
CURRENT LIABILITIES                                                                                 
  Short-term borrowings                  -       35,879                          (35,879)         - 
  Long-term debt redeemable within                                                                
    one year                          115,000                                                  115,000 
  Current portion long-term debt        8,813    10,176      6,351     20,210                   45,550 
  Accounts payable                     99,457        41         11                              99,509 
  Dividends payable                    47,365                                                   47,365 
  Taxes accrued                        62,613                                    (13,892)       48,721 
  Interest accrued                     20,292       312        446      4,720                   25,770 
  Regulatory balancing accounts                                                                        
    overcollected-net                 188,279                                                  188,279 
  Other                                75,447       702     44,940                             121,089 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL CURRENT LIABILITIES        617,266    47,110     51,748     24,930    (49,771)      691,283 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
Customer advances for construction     35,250                                                   35,250 
Accumulated deferred income                                                             
  taxes--net                          525,006                           8,012    (35,696)      497,322 
Accumulated deferred investment                                                     
  tax credit                          105,286                                                  105,286 
Deferred credits and other                                                              
  liabilities                         252,430              104,109                             356,539 
                                   ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL                         $4,433,433  $ 43,058  $ 228,543  $ 204,757  $(203,996)  $ 4,705,795 
                                   ==========  ========  =========  =========  ==========  ============ 
</TABLE>


<PAGE> 
San Diego Gas and Electric Company and Subsidiaries  
Consolidating Income Statement 
In Thousands of Dollars  
For the Year Ended December 31, 1994 
<TABLE> 
<CAPTION>  
                                                                  ENOVA                  
                                    SDG&E      PDCC    CALIFIA  Financial  Eliminations  Consolidated 
                                 ----------  --------  -------  ---------  ------------  ------------ 
<S>                              <C>         <C>       <C>      <C>        <C>           <C>           
OPERATING REVENUES                                                                                    
Electric                         $1,510,320                                               $1,510,320 
Gas                                 346,183                                                  346,183 
Diversified operations                        $5,325   $49,854    $1,233        ($670)        55,742 
                                 ----------  --------  -------  ---------  ------------  ------------ 
TOTAL OPERATING REVENUES          1,856,503    5,325    49,854     1,233         (670)     1,912,245 
                                 ----------  --------  -------  ---------  ------------  ------------ 
OPERATING EXPENSES                                                                                
Electric fuel                       143,339                                                  143,339 
Purchased power                     342,612                                                  342,612 
Gas purchased for resale            146,579                                                  146,579 
Maintenance                          70,776                                                   70,776 
Depreciation and decommissioning    251,820    3,038     7,380                               262,238 
Property and other taxes             44,746                                                   44,746 
General and administrative          206,593      889       342        84                     207,908 
Other                               163,037    3,959    41,537                               208,533 
Income taxes                        180,858   (2,616)  (12,490)  (12,454)                    153,298 
                                 ----------  --------  -------  ---------  ------------  ------------  
TOTAL OPERATING EXPENSES          1,550,360    5,270    36,769   (12,370)         -        1,580,029 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Operating Income                    306,143       55    13,085    13,603         (670)       332,216 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Other Income and (Deductions)                                                                
Writedown of real estate                     (25,000)                                        (25,000) 
Allowance for equity funds  
  used during construction            6,274                                                    6,274 
Taxes on non-operating income         8,599    8,700                                          17,299 
Other-net                           (84,950)   4,623       563       (29)      60,676        (19,117) 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Total other income and                      
  (deductions)                      (70,077) (11,677)      563       (29)      60,676        (20,544) 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Income Before Interest Charges      236,066  (11,622)   13,648    13,574       60,006        311,672 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Interest Charges                                                                            
Long-term debt                       81,749    2,731     2,387     6,573         (670)        92,770 
Short-term debt and other            13,498    1,121                                          14,619 
Allowance for borrowed funds                                                            
  used during construction           (2,658)                                                  (2,658) 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Net interest charges                 92,589    3,852     2,387     6,573         (670)       104,731 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Income from continuing operations   143,477  (15,474)   11,261     7,001       60,676        206,941 
Discontinued operations                      (63,464)                                        (63,464) 
                                 ----------  --------  -------  ---------  ------------  ------------ 
Net Income (before preferred  
  dividend requirements)            143,477 ($78,938)  $11,261    $7,001      $60,676        143,477  
                                                                                                      
Preferred Dividend Requirements       7,663      -         -         -           -             7,663  
                                 ----------  ---------  -------  ---------  ------------  ----------- 
Earnings Applicable to                                                                  
  Common Shares                    $135,814 $(78,938)  $11,261    $7,001      $60,676      $135,814  
                                 ==========  =========  =======  =========  ============  =========== 

<table/> 


<PAGE> 
San Diego Gas and Electric Company and Subsidiaries  
Consolidating Statement of Retained Earnings 
For the Year Ended December 31, 1994 
In Thousands of Dollars  

</TABLE>

<TABLE> 
<CAPTION> 
                                                                   ENOVA                               
                                  SDG&E       PDCC      CALIFIA   Financial  Eliminations  Consolidated 
                               -----------  ---------  ---------  ---------  ------------  ------------ 
<S>                            <C>          <C>        <C>        <C>        <C>           <C> 
Balance, December 31, 1993       $659,833   $ 35,186    $ 6,266    $ 4,627     $(46,079)    $ 659,833 
  Net Income                      143,477    (78,938)    11,261      7,001       60,676       143,477 
  Dividends declared                                                                           
     Preferred stock               (7,663)                 (551)                    551        (7,663) 
     Common stock                (177,066)                                                   (177,066) 
                               -----------  ---------  ---------  ---------  ------------  ------------ 
Balance December 31, 1994        $618,581   $(43,752)   $16,976    $11,628     $ 15,148     $ 618,581 
                               ===========  =========  =========  =========  ============  ============ 

<table/> 


<PAGE> 
San Diego Gas and Electric Company and Subsidiaries 
Consolidating Balance Sheet 
December 31, 1994 
In Thousands of Dollars 

</TABLE>


<TABLE> 
<CAPTION>  
                                                                     ENOVA                      
                                      SDG&E      PDCC    CALIFIA   Financial   Eliminations Consolidated 
                                   ----------- --------  --------  ----------  ------------ ------------ 
<S>                                 <C>         <C>      <C>       <C>         <C>          <C> 
                                                                                             
ASSETS                                                                                        
Utility plant--at original cost     $5,329,179                                               $5,329,179 
Accumulated depreciation and                                                                            
  decommissioning                   (2,180,087)                                              (2,180,087) 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
    Utility plant--net               3,149,092                                                3,149,092 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
Investments and other property         294,679  $ 47,841   $ 55,507   $132,888    (64,997)      465,918 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
CURRENT ASSETS                                                                                
  Cash and temporary investments        11,643       293        147     13,322                   25,405 
  Accounts receivable                  187,250     3,655      3,262      4,619    (10,798)      187,988 
  Notes receivable                                           52,156     18,500    (38,850)       31,806 
  Inventories                           75,607                                                   75,607 
  Other                                 33,925        52     13,080         20    (13,055)       34,022 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL CURRENT ASSETS              308,425     4,000     68,645     36,461    (62,703)      354,828 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
Deferred taxes recoverable in rates    305,717                                                  305,717 
Deferred charges and other assets      230,850    14,280    122,749        506    (45,504)      322,881 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL                          $4,288,763  $ 66,121  $ 246,901  $ 169,855  $(173,204)   $4,598,436 
                                    ==========  ========  =========  =========  ==========  ============ 
                                                                                        
CAPITALIZATION AND LIABILITIES                                                                  
                                                                                          
CAPITALIZATION                                                                            
    Common equity                   $1,474,430  $ 7,121   $  51,155  $  48,029  $(106,305)   $1,474,430 
    Preferred stock not subject                                                                  
      to mandatory redemption           93,493                                                   93,493 
    Preferred stock subject to                                                                       
      mandatory redemption              25,000                                                   25,000 
    Long-term debt                   1,214,119    12,874    18,351      93,857                1,339,201 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
TOTAL CAPITALIZATION                 2,807,042    19,995    69,506     141,886   (106,305)    2,932,124 
                                    ----------  --------  ---------  ---------  ----------  ------------
                                                    
CURRENT LIABILITIES                                                                                 
  Short-term borrowings                 58,325    39,340                           (8,340)       89,325 
  Long-term debt redeemable                                                                
    within one year                    115,000                                                  115,000 
  Current portion long-term debt         8,710     4,609     6,096      15,616                   35,031 
  Accounts payable                     130,110        36        11                              130,157 
  Dividends payable                     46,200                                                   46,200 
  Taxes accrued                         18,574                                    (13,055)        5,519 
  Interest accrued                      17,676       401                 5,295                   23,372 
  Regulatory balancing accounts  
    overcollected-net                  111,731                                                  111,731 
  Other                                 81,127       740    31,948                              113,815 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
TOTAL CURRENT LIABILITIES              587,453    45,126    38,055      20,911    (21,395)      670,150 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
Customer advances for construction      36,250                                                   36,250 
Accumulated deferred income  
  taxes--net                           552,038                           7,058    (45,504)      513,592 
Accumulated deferred investment 
  tax credits                          109,161                                                  109,161 
Deferred credits and other  
  liabilities                          196,819     1,000    139,340                             337,159 
                                    ----------  --------  ---------  ---------  ----------  ------------ 
     TOTAL                          $4,288,763  $ 66,121  $ 246,901  $ 169,855  $(173,204)   $4,598,436 
                                    ==========  ========  =========  =========  ==========  ============ 
</TABLE>







 
EXHIBIT B 
 
Financial Data Schedule 
 
      If, at the time a report on this form is filed, the registrant is 
required to submit this report and any amendments thereto electronically 
via EDGAR, the registrant shall furnish a Financial Data Schedule.  The 
Schedule shall set forth the financial and other data specified below 
that are applicable to the registrant on a consolidated basis. 

<TABLE>
<CAPTION>
Item No. Caption Heading                Sep 30 1995        Dec 31 1994
                                        In Thousands of Dollars
<S>                                    <C>               <C>
         PERIOD-TYPE                        9-MOS             YEAR 
1        Total Assets                   $4,705,795          $4,598,436
2        Total Operating Revenues       $1,401,883          $1,912,245
3        Net Income                       $167,139           $135,814 
</TABLE>

- ---------------------- 

 

EXHIBIT C 
 
      An organizational chart showing the relationship of each EWG or 
foreign utility company to associate companies in the holding company 
system. 
 
Not Applicable. 
 
 
      The above-named Claimant has caused this statement to be duly 
executed on its behalf by its authorized officer as of the 1st day of 
January, 1996. 
 
                                  ENOVA CORPORATION 
 
 
                                  By : /s/Frank H. Ault 
                                      ------------------
                                        Frank H. Ault 
                                        Vice President and Controller 
 
Corporate Seal 
 
Attest: 

/s/ David R. Clark 
- -------------------
David R. Clark 
Assistant Secretary 
 
Name, title and address of officer to whom notices and correspondence 
concerning this statement should be addressed: 
 
                         Frank H. Ault 
                 Vice President and Controller 
                    Post Office Box 129400 
               San Diego, California 92112-4150