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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): July 16, 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
Registrants' 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
The California Public Utilities Commission (CPUC) issued its decision in the
Performance-Based Rates (PBR) proceeding for Southern California Gas Company
(SoCalGas). Pacific Enterprises, the parent of SoCalGas, and the registrants,
previously announced a merger that is awaiting regulatory approval.
SoCalGas has been operating under traditional "cost of service" regulation. PBR
is a more competitive-oriented rate-setting mechanism that provides incentives
for cost control and efficiency improvement, including comparisons of
productivity and other factors against benchmarks based on industry performance
or on past results.
Pacific Enterprises has stated that the PBR provides for, among other things,
a net rate reduction of $160 million.
Registrants are analyzing the decision to determine the effect on Pacific
Enterprises and on the new company which will result from the pending merger.
Pacific Enterprises' Form 8-K concerning the PBR decision is incorporated
herein by reference as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Pacific Enterprises' Current Report on Form 8-K concerning the PBR
decision (incorporated by reference from the Current Report on Form 8-K filed
by Pacific Enterprises, Inc., CIK 0000075527, on July 16, 1997).
SIGNATURE
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
and
SAN DIEGO GAS & ELECTRIC COMPANY
(Registrants)
Date: July 17, 1997 By: /s/ F.H. Ault
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F.H. Ault
Vice President and Controller