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 30, 2003
-------------------
SEMPRA ENERGY
- ---------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
CALIFORNIA
- ---------------------------------
1-14201
- ---------------------------------
33-0732627
- ---------------------------------
(State of incorporation
or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.
101 ASH STREET, SAN DIEGO, CALIFORNIA
- -----------------------------------------------------------------
- -
92101
- ----------------------
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(619) 696-2034
- -------------------
- ---------------------------------------------------------------------
(Former name or former address, if changed since last report.)
FORM 8-K
Item 5. Other Events
As previously reported, on August 25, 2003 the California Public
Utilities Commission (CPUC) announced that it had denied a rehearing
of its decision approving a settlement with our subsidiary San Diego
Gas & Electric Company (SDG&E) allocating between customers and shareholders
the profits from intermediate-term purchase power contracts that SDG&E had
entered into prior to California's electric utility industry restructuring.
As a result of the CPUC decision we recognized additional after-tax income
of $65 million in the third quarter of 2003.
As also previously reported, an advocacy group for small consumers petitioned
the California Court of Appeals to review the CPUC's decision approving the
settlement. On December 30, 2003 the Court of Appeals granted the petition for
review. We expect that the Court of Appeals will affirm the CPUC's decision.
A decision is expected by the third quarter of 2004.
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.
SEMPRA ENERGY
(Registrant)
Date: December 30, 2003
By: /s/ Javade Chaudri
- -----------------------------------------
Javade Chaudri
Exec. Vice President and General
Counsel