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Enova, Pacific Enterprises Complete Merger

Enova, Pacific Enterprises Complete Merger

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&ampE will continue to operate as independent utilities.

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