San Diego Gas & Electric Co.’s 1988...
San Diego Gas & Electric Co.’s 1988 profits dipped 3%, to $177.6 million. Revenue rose to $2.08 billion, up 9%. The utility attributed the results to a decision by the California Public Utilities Commission lowering SDG&E;’s return on equity from 13.9% in 1987 to 12.75% in 1988.
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