SEMPRA ENERGY (SRE)

Revenues and Expenses with Unconsolidated Affiliates

For the quarter ended March 31, 2008, Sempra Commodities recorded $55 million of sales to unconsolidated affiliates.

Revenues and Expenses with Unconsolidated Affiliates

For the quarter ended March 31, 2008, and for the full years 2007 and 2006, Sempra Commodities recorded $55 million, $303 million and $173 million, respectively, of sales to unconsolidated affiliates. In addition, in 2006, Sempra Commodities recorded $29 million of purchases from and $95 million in sales to Topaz Power Partners

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(Topaz), then an equity method investment of Sempra Energy. Topaz sold its power plant assets in July 2006, as discussed in Note 4.  

Revenues and Expenses with Unconsolidated Affiliates

For the years ended 2007 and 2006, Sempra Commodities recorded $303 million and $173 million, respectively, of sales to its unconsolidated affiliates.

In 2006 and 2005, Sempra Commodities recorded $29 million and $85 million, respectively, of purchases from Topaz Power Partners (Topaz), then an unconsolidated affiliate of Sempra Energy. Sales to Topaz were $95 million and $213 million in 2006 and 2005, respectively. Topaz sold its power plant assets in July 2006, as discussed in Note 4. Additionally, during the first seven months of 2005, Sempra Generation recorded $38 million in sales to and $43 million of purchases from El Dorado, then an unconsolidated affiliate. Sempra Energy purchased the remaining 50-percent interest in El Dorado in July 2005 and consolidated El Dorado in its financial statements.

Revenues and Expenses with Unconsolidated Affiliates

For the years ended 2007 and 2006, Sempra Commodities recorded $303 million and $173 million, respectively, of sales to its unconsolidated affiliates.

In 2006 and 2005, Sempra Commodities recorded $29 million and $85 million, respectively, of purchases from Topaz Power Partners (Topaz), then an unconsolidated affiliate of Sempra Energy. Sales to Topaz were $95 million and $213 million in 2006 and 2005, respectively. Topaz sold its power plant assets in July 2006, as discussed in Note 4. Additionally, during the first seven months of 2005, Sempra Generation recorded $38 million in sales to and $43 million of purchases from El Dorado, then an unconsolidated affiliate. Sempra Energy purchased the remaining 50-percent interest in El Dorado in July 2005 and consolidated El Dorado in its financial statements.

Revenues and Expenses with Unconsolidated Affiliates

In 2006, 2005 and 2004, Sempra Commodities recorded $29 million, $85 million and $28 million, respectively, of purchases from Topaz Power Partners (Topaz), an unconsolidated affiliate. Sales to Topaz were $95 million, $213 million and $74 million in 2006, 2005 and 2004, respectively. Topaz sold its power plant assets in July 2006, as discussed in Note 3. Additionally, during the first seven months of 2005 and in all of 2004, Sempra Generation recorded $38 million and $60 million, respectively, in sales to El Dorado, then an unconsolidated affiliate, and recorded $43 million and $71 million, respectively, of purchases from El Dorado for those same periods. Sempra Energy purchased the remaining 50% interest in El Dorado in July 2005 and consolidated El Dorado in its financial statements.