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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SAN DIEGO GAS & ELECTRIC COMPANY
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(Exact name of registrant as specified in its charter)
CALIFORNIA 1-3779 95-1184800
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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.)
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FORM 8-K
Item 5. Other Events
On December 11, 1998 contracts were executed for the sale of SDG&E's 693-MW
South Bay Power Plant, 951-MW Encina Power Plant and 17 combustion-turbine
generators. 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.
SAN DIEGO GAS & ELECTRIC COMPANY
(Registrant)
Date: December 16, 1998 By: /s/ Edwin L. Guiles
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Edwin L. Guiles
President
