Sempra Energy (SRE)

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Press Release Source: Sempra Energy


Southern California Gas Company, SDG&E Declare Preferred Dividends
Monday May 23, 6:00 pm ET


SAN DIEGO, May 23, 2005 (PRIMEZONE) -- The boards of directors of Southern California Gas Company (The Gas Company) and San Diego Gas & Electric (SDG&E) have declared regular quarterly dividends for the preferred and preference series stock of the companies as follows:

Southern California Gas Company:
6% Preferred Series $0.375 per share
6% Series "A" Preferred $0.375 per share

San Diego Gas & Electric:
Cumulative Preferred 5% Series $0.25 per share
Cumulative Preferred 4.60% Series $0.23 per share
Cumulative Preferred 4.50% Series $0.225 per share
Cumulative Preferred 4.40% Series $0.22 per share
Preference Stock (Cumulative) $1.7625 Series $0.440625 per share
Preference Stock (Cumulative) $1.70 Series $0.425 per share
Preference Stock (Cumulative) $1.82 Series $0.455 per share

Each of the dividends is payable on July 15, 2005, to shareholders of record on June 23, 2005.

The Gas Company is the nation's largest natural gas distribution utility, serving 19.5 million consumers through 5.5 million meters. SDG&E is a regulated public utility that provides service to 3.3 million consumers through 1.3 million electric meters and more than 800,000 natural gas meters in San Diego and southern Orange counties.

The Gas Company and SDG&E are regulated subsidiaries of Sempra Energy (NYSE:SRE - News). Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company.