ENERGY
Gas Co. Announces 19% Earnings Increase: Pacific Enterprises, parent of Southern California Gas Co., said the rise was for earnings per share for the first quarter of 1995. The company reported net income of $45 million, or 51 cents per share of common stock, for the three months ended March 31. For the same period a year ago, Pacific Enterprises had net income of $38 million, or 43 cents per common share. The increase was primarily because of higher earnings from Pacific Enterprises’ utility operations, said Willis B. Wood Jr., chairman and chief executive. The higher utility earnings were the result of an increase by the California Public Utilities Commission in the Gas Co.’s 1995 authorized return on equity to 12% from 11%.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.