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): November 3, 1998
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California Infrastructure and Economic Development Bank
Special Purpose Trust SDG&E-1
Rate Reduction Certificates, Series 1997-1
SDG&E FUNDING LLC
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(Exact name of registrant as specified in its charter)
DELAWARE 333-30761 95-1184800
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(State of incorporation (Commission (I.R.S. Employer
or organization) File Number) Identification No.
101 ASH STREET, ROOM 111, SAN DIEGO, CALIFORNIA 92101
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(Address of principal executive offices) (Zip Code)
(619) 696-2328
Registrant's telephone number, including area code-----------------
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(Former name or former address, if changed since last report.)
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Form 8-K
Item 5. Other Events.
On November 3, 1998, California voters defeated the Voter
Initiative (also known as Proposition 9) that would have amended
state law related to AB 1890 so as to, among other things,
prohibit recovery by the state's investor-owned electric
utilities of their investments in nuclear generating plants.
The vote was approximately 27% in favor of the Initiative and
73% opposed.
Item 7. Financial Statements and Exhibits.
None
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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.
SDG&E FUNDING LLC
(Registrant)
Date: November 4, 1998 By: /s/ James P. Trent
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James P. Trent
Chief Financial Officer and
Chief Accounting Officer
