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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 22, 1997
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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)
(619) 696-2000
Registrant's telephone number, including area code---------------
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(Former name or former address, if changed since last report.)
FORM 8-K
Item 5. Other Events
Registrants yesterday announced several changes in their
boards of directors and in their executive officers. Details are
provided in the attached press release.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press release dated December 22, 1997.
SIGNATURES
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: December 23, 1997 By: /s/ F.H. Ault
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F.H. Ault
Vice President and Controller
and
SAN DIEGO GAS & ELECTRIC COMPANY
(Registrant)
Date: December 23, 1997 By: /s/ F.H. Ault
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F.H. Ault
Vice President, Chief Financial
Officer, Controller and Treasurer
Exhibit 99.1
For more information contact:
Doug Kline (619) 696-4292
After-hours pager (619) 526-9555
Web Site: http://www.enova.com
STEPHEN L. BAUM NAMED CHAIRMAN
OF ENOVA CORPORATION
SAN DIEGO, Dec. 22, 1997 -- Stephen L. Baum has been named
chairman of Enova Corporation, effective Jan. 1, 1998, succeeding
Thomas A. Page, who retires from the post at the end of the year.
Baum currently is president and chief executive officer of Enova
and serves on both the Enova and SDG&E boards of directors.
Baum, 56, joined SDG&E in 1985, and, since that time, has
held officer positions with responsibility for all aspects of the
utility business, including overseeing the company's marketing
and customer service operations; government and regulatory
services; strategic planning; and corporate services, including
legal, human resources, corporate communications, real estate
operations, safety and environmental services. He has served as
president and CEO of Enova since January 1996.
Donald E. Felsinger, president and CEO of SDG&E and
executive vice president of Enova, has been promoted to president
and chief operating officer of Enova, effective Jan. 1, 1998.
Felsinger has been SDG&E's president and CEO and executive vice
president of Enova since January 1996.
Effective today, Edwin A. Guiles, senior vice president of
Enova, is promoted to president of SDG&E and joins SDG&E's board
of directors. Guiles also will be promoted to executive vice
president of Enova as of Jan. 1, 1998.
- - more -
Due to new affiliate-transaction rules instituted by the
California Public Utilities Commission (CPUC), several other
executive management and board changes were announced today by
the company. The CPUC rules, issued Dec. 16, 1997, state that a
board member or corporate officer of a holding company may also
serve with either a utility or its affiliate, but not both.
As a result, Baum maintains his seat on the Enova and
affiliate boards of directors, but immediately resigns his seat
on the SDG&E board of directors and his position as chairman-
elect and vice chairman of SDG&E. Felsinger also immediately
resigns his positions with SDG&E and its board. Daniel W.
Derbes, a member of both the Enova and SDG&E boards, becomes non-
executive chairman of SDG&E, effective today.
David R. Kuzma, senior vice president, chief financial
officer and treasurer of both Enova and SDG&E, resigns from SDG&E
but remains with Enova and other affiliates in the same capacity.
Frank H. Ault, assumes the position of chief financial officer
and treasurer of SDG&E in addition to his current post as vice
president and controller of SDG&E.
Page will continue on the Enova and SDG&E boards of
directors until April 28, 1998, when he will retire from both
boards.
Last October, Enova Corporation and Pacific Enterprises
jointly announced an agreement to combine their companies.
Pacific Enterprises is the parent company of Southern California
Gas Company, the largest natural gas distribution company in the
United States. It is expected that all regulatory approvals will
be gained the new company will be operational in the summer of
1998. The newly combined company will be called Sempra Energy.
- - more -
Richard D. Farman, president and chief operating officer of
Pacific Enterprises, will become chairman and chief executive
officer of Sempra Energy; and Baum will become Sempra Energy's
vice chairman, president and chief operating officer. Baum will
become CEO of Sempra Energy two years after the effective date of
the merger, and will add the title of chairman by September 2000,
when Farman retires. Felsinger will become president and the
principal executive officer of the unregulated businesses of
Sempra Energy and Warren Mitchell, president of Southern
California Gas Company, will become president and the principal
executive officer of the new company's regulated operations, both
reporting to the new Office of the Chairman which will consist of
Farman and Baum.
Enova Corporation (NYSE ENA), based in San Diego, is a
leading energy management company providing electricity, gas and
value-added products and services in the United States and
Mexico. Enova is the parent company of San Diego Gas & Electric
Company (SDG&E) and six other U.S.-based subsidiaries -- Enova
Energy, Enova International, Enova Technologies, Enova Financial,
Califia and Pacific Diversified Capital. SDG&E has 1.2 million
electric meters and 715,000 natural gas meters, serving 3 million
consumers in San Diego and southern Orange counties.
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