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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2000
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Commission file number 1-1402
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SOUTHERN CALIFORNIA GAS COMPANY
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(Exact name of registrant as specified in its charter)
California 95-1240705
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(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)
555 West Fifth Street, Los Angeles, California 90013-1011
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(Address of principal executive offices)
(Zip Code)
(213) 244-1200
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(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days.
Yes X No
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Common stock outstanding: Wholly owned by Pacific Enterprises
PART I FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS.
SOUTHERN CALIFORNIA GAS COMPANY AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME
Dollars in millions
Three Months Ended
September 30,
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2000 1999
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Operating Revenues $722 $562
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Expenses
Cost of natural gas distributed 349 188
Operation and maintenance 175 179
Depreciation 65 65
Income taxes 45 42
Other taxes and franchise payments 19 20
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Total 653 494
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Operating Income 69 68
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Other Income and (Deductions)
Interest income 9 5
Regulatory interest (4) (4)
Allowance for equity funds used during construction 1 --
Taxes on non-operating income (2) (1)
Other - net (2) 1
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Total 2 1
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Income Before Interest Charges 71 69
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Interest Charges
Long-term debt 17 19
Other 2 2
Allowance for borrowed funds used during construction (1) --
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Total 18 21
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Net income $ 53 $ 48
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See notes to Consolidated Financial Statements.
SOUTHERN CALIFORNIA GAS COMPANY AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME
Dollars in millions
Nine Months Ended
September 30,
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2000 1999
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Operating Revenues $2,050 $1,793
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Expenses
Cost of natural gas distributed 959 685
Operating and maintenance 492 524
Depreciation 196 194
Income taxes 132 123
Other taxes and franchise payments 69 65
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Total 1,848 1,591
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Operating Income 202 202
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Other Income and (Deductions)
Interest income 20 12
Regulatory interest (9) (12)
Allowance for equity funds used during construction 2 2
Taxes on non-operating income (6) --
Other - net (2) (1)
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Total 5 1
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Income Before Interest Charges 207 203
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Interest Charges
Long-term debt 52 57
Other 6 5
Allowance for borrowed funds used during construction (2) (1)
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Total 56 61
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Net Income 151 142
Preferred Dividend Requirements 1 1
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Earnings Applicable to Common Shares $150 $141
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See notes to Consolidated Financial Statements.
UT