March 2, 2013 – Sempra Energy, parent company of SDG&E, this week reported 2012 earnings of $859 million, or $3.48 per diluted share, compared with $1.3 billion, or $5.51 per diluted share, in 2011.
Earnings for Sempra Renewables division took a huge leap in 2012, increasing to $61 million from $7 million in 2011. Fourth-quarter earnings for Sempra Renewables were $14 million in 2012, compared with a loss of $2 million in 2011, due primarily to the addition of solar and wind assets in 2012.
Earnings for SDG&E increased to $484 million in 2012 from $431 million in 2011.
For details, see the company’s announcement.