The $6.2 billion merger of Enova Corp. and Pacific Enterprises
finally became official last week following approval of the
Securities and Exchange Commission. The merger creates Sempra
Energy, a new San Diego-based Fortune 500 energy services holding
company with 12,000 employees, $10 billion in assets and the
largest regulated utility customer base in the nation. The
integration of the operations of the two companies will be complete
by July 1. Principal utility subsidiaries SoCalGas and SDG&E
will continue to operate as independent utilities.
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