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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 11, 1998
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SEMPRA ENERGY
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(Exact name of registrant as specified in its charter)
CALIFORNIA 1-14201 33-0732627
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(State of incorporation (Commission (I.R.S. Employer
or organization) File Number) Identification No.
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
On December 11, 1998 contracts were executed for the sale of the 693-MW South
Bay Power Plant, 951-MW Encina Power Plant and 17 combustion-turbine
generators, all owned by SDG&E, a wholly owned subsidiary of Sempra Energy.
The South Bay Power Plant is being sold to the San Diego Unified Port District
for $112 million. The Encina Power Plant and the combustion-turbine
generators are being sold to Dynegy, Inc. and NRG Energy, Inc. for $356
million. Book value of these assets is $200 million. The proceeds from the
sales of the plants, net of the assets' book value, the costs of the sales
and certain environmental cleanup costs, will be applied directly to the
recovery of SDG&E's other approved transition costs. The sales are subject
to regulatory approvals and are expected to close during the first quarter
of 1999.
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 16, 1998 By: /s/ F. H. Ault
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F. H. Ault
Vice President and Controller