Pacific Enterprises’ 1988 earnings fell 11.6% to...

Pacific Enterprises’ 1988 earnings fell 11.6% to $222.1 million. Operating revenue totaled $5.9 billion, up 9%. The Los Angeles parent of Southern California Gas Co., Thrifty Corp. and Pacific Enterprises Oil Co. credited the results to higher interest expenses, lower oil prices, a lower authorized rate of return for its utility operations and a larger number of shares outstanding.