BNET Industries
Market Cap:$14.8M
Last Fiscal Year Sales:$4.2B
- Public
- US
Dow Jones Description
Pacific Enterprises (PE or the company) is an energy services company whose only significant subsidiary is Southern California Gas Company (SoCalGas), the nation's largest natural gas distribution utility. PE's common stock is wholly owned by Sempra Energy, a California-based Fortune 500 holding company, and PE owns all of the common stock of SoCalGas. The financial statements herein are, in one case, the Consolidated Financial Statements of PE and its subsidiary, SoCalGas, and, in the second case, the Consolidated Financial Statements of SoCalGas and its subsidiaries, which comprise less than one percent of SoCalGas' consolidated financial position and results of operations. Sempra Energy also indirectly owns all of the common stock of San Diego Gas & Electric (SDG&E). SoCalGas and SDG&E are collectively referred to herein as "the California Utilities." A description of SoCalGas is given in "Management's Discussion and Analysis of Financial Condition and Results of Operations" herein.
Chairman and Chief Executive Officer
Edwin A. GuilesNumber of Employees 7
Contact Information
555 West 5th St
Ste 2900
Los Angeles, California 90013
2138955000
Peer Companies
NAICS Code Natural Gas Distribution: 221210
News & Analysis
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pacific enterprises inc. and thrifty corp. - All News and Analysis
PE selling Thrifty Corp. units
- 1992-06-08
WILSONVILLE, Ore. - Pay Less Drug stands to enter two new states - Alaska and Hawaii - and gain solid fill-in market penetration with its proposed Pay 'n Save acquisition of 124 stores and an Oregon distribution center, all of which will be operated under the PayLess name. The...
Thrifty Corp. sale is said to be imminent
- 1992-04-20
LOS ANGELES - PACIFIC Enterprises is reportedly close to completing a deal that would bring an end to its ill-fated foray into retailing. According to industry sources, the conglomerate will sell its Thrifty Corp. retailing subsidiary, including Thrifty Drug Stores, to one of several investment groups. In recent weeks...
LaFerriere has resigned from Thrifty
- 1992-03-09
LOS ANGELES--Robert LaFerriere has become the latest top executive to leave Thrifty Drug Stores. LaFerriere, a longtime employee of the chain's parent (Thrifty Corp.) was named vice president of purchasing at Thrifty Drug in October. He is leaving the 617-unit chain to become a senior management executive at Thompson...
Yingling sees '92 Thrifty recovery
- 1992-03-02
By rolling back mistakes of recent years and with new focus on the neighborhood consumer, Thrifty chairman and ceo William Yingling predicts turnaround by fourth quarter 1992 and the chain's eventual sale by parent Pacific Enterprises. LOS ANGELES -- "Our focus--the absolute imperative--is on turning around the company," Thrifty...
Divestiture of Thrifty Corp. units begins
- 1992-02-24
LOS ANGELES -- After some 18 months of turmoil and false starts, Thrifty Corp.'s fortunes appeared to take a decisive turn early this month when parent Pacific Enterprises decided to divest all of the retailer's operations except Thrifty Drug Stores. But the status of the 617 -unit drug chain...
Yingling named Thrifty Corp. ceo
- 1991-08-26
LOS ANGELES -- Pacific Enterprises has recruited William Yingling, the former president of the Southern California Lucky Stores, to be chairman and ceo of its Thrifty Corp. retail division. Yingling's strengths in food and drug mass merchandising are most needed at struggling Thrifty Drug. Yingling, 47, will directly...
LaFerriere leaves Thrifty amid merch restructure
- 1991-06-10
LOS ANGELES -- A merchandise department restructure at Thritty Drugs has sparked the surprise departure of 20-year buying veteran Bob LaFerriere. The restructure creates three senior vps for buying, partitioning buying responsibility by merchandise classes. The structure change was launched by Eve Rich, named Thrifty Drug president in...
Thrifty makes moves to improve earnings
- 1990-09-10
Thrifty makes moves to improve earnings LOS ANGELES--In a quarter during which after-tax operating income plummeted to $2 million from $11 million a year earlier, Thrifty Corp.'s parent, Pacific Enterprises, bit the bullet and took a $100 million charge to cover the anticipated cost of moves designed to set...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Debra L Reed | President and Chief Operating Officer |
| Neal E Schmale | Executive Vice President and Chief Financial Officer |
| Anne S Smith | Senior Vice President, Customer Service |
| Lee M Stewart | Senior Vice President, Gas Transmission |
| Margot A Kyd | Senior Vice President, Corporate Business Solutions |
| Steven D Davis | Senior Vice President, External |
| William L Reed | Senior Vice President, Regulatory |
| Charles A McMonagle | Vice President and Treasurer |
| Peter C. Brockett | Vice President and Treasurer |
| Terry M Fleskes | Vice President and Controller |
| Thomas A. Page |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Edwin A. Guiles | Chairman and Chief Executive Officer |
| Jeffery W. Martin | Board of Directors |
Prior to his present role, Guiles was president of SDG&E from 1997 to 2000. He also served as executive vice president of Enova Corp., the parent company of SDG&E, from January to June 1998. Before that, Guiles was senior vice president of Enova Corp. from 1996 to 1997. In this role, he oversaw the regulatory process and transition planning for the merger of Enova Corp. and Pacific Enterprises. From 1993 to 1997, Guiles served as senior vice president of Energy Supply for SDG&E, overseeing the company's procurement, generation and transmission of electricity and natural gas. These responsibilities included operation of the company's power plants, as well as administration of its 20-percent ownership of the San Onofre Nuclear Generating Station. Guiles was also responsible for the company's natural gas pipeline transmission system. Guiles, who joined SDG&E in 1972, has held a range of jobs in engineering, power-plant management, natural gas operations, customer service, and business planning and budgeting. He serves on the California Chamber of Commerce Board and the San Diego County YMCA Board. Guiles is a 1987 LEAD San Diego graduate and, in 2004, he received the LEAD Graduate of the Year Award. He is also a member of the Los Angeles World Affairs Council. Guiles' past affiliations include planning commissioner for the city of Chula Vista, director of the Arthritis Foundation, board member of the Wellness Communities and San Diego Development Council boards, as well as a number of fund-raising jobs for the United Way and Boy Scouts. Guiles has a bachelor's degree in mechanical engineering from the University of Arizona and is a graduate of the executive programs at the University of Southern California and the Edison Electric Institute.
| Organization | Position | Status |
|---|---|---|
| Sempra Energy | Chairman and CEO of San Diego Gas & Electric | Current |
| Pacific Enterprises, Inc. | Chairman and Chief Executive Officer | Current |
| Sempra Energy | Executive Vice President | Current |
| Los Angeles World Affairs Council | Executive Vice President, Corporate Development, Sempra Energy Utilities | Current |
| California Chamber of Commerce | Chairman | Current |
| Arthritis Foundation | Director | Current |
| Washington Water Service Company | Director | Current |
| Los Angeles World Affairs Council | Board of Directors | Current |
| California Water Service Group | Board of Directors | Current |
| California Chamber of Commerce | Board of Directors | Current |
| Boy Scouts of America | Member | Current |
| San Diego Gas & Electric Company | Chairman & CEO | Former |
| Sempra Energy | Group President, Sempra Energy Utilities | Former |
| The Gas Company A Sempra Energy Utility | President | Former |
| San Diego Gas & Electric Company | Senior Vice President | Former |
| University of Southern California | Graduate of the Executive Programs | Former |
| Edison Electric Institute | Graduate of the Executive Programs | Former |
| The University of Arizona | Bachelor’S Degree In Mechanical Engineering | Former |
| Los Angeles World Affairs Council | Member | Former |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | President and Chief Operating Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Executive Vice President and Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Senior Vice President, Customer Service | Current |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Senior Vice President, Gas Transmission | Current |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Senior Vice President, Corporate Business Solutions | Current |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Senior Vice President, External | Current |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Senior Vice President, Regulatory | Current |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Vice President and Treasurer | Current |
Peter C. Brockett began his career in investment banking with Dean Witter Reynolds Inc. He subsequently managed the West Coast merger and acquisition activity for Security Pacific Bank, before becoming Vice President and Treasurer of Pacific Enterprises, a $7 Billion, diversified holding company. Prior to starting Brockett Tamny & Co., he managed the West Coast Corporate Group and West Coast Energy Merchant Bank for Bankers Trust Company. He has a B.S. degree in Electrical Engineering from Duke University and an MBA from the Wharton School, University of Pennsylvania.
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Vice President and Treasurer | Current |
| Brockett Tamny & Co. Incorporated | Dean | Current |
| Dean Witter Reynolds | Former | |
| The Wharton School of the University of Pennsylvania | Mba | Former |
| Wharton Graduate School of the University of Pennsylvania | MBA | Former |
| Duke University | B.S. Degree In Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Pacific Enterprises, Inc. | Vice President and Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Enova Inc. | CEO | Current |
| The Burnham Institute | Trustee | Current |
| Sorrento Associates, Inc. | Advisory Council Member | Current |
| Pacific Enterprises, Inc. | Current | |
| Xsilogy, Inc. | Board of Directors, Chairman of Audit Committee | Current |
| SYS Technologies, Inc. | Director | Current |
| Community National Bank | Director | Current |
| Leap Wireless International, Inc. | Director | Current |
| Education, Inc. | Board of Directors | Current |
| University of California, San Diego | Member, Board of Overseers | Current |
| San Diego Regional Economic Development Corporation | Director | Current |
| Multicell Technologies, Inc. | Director | Current |
| American Innotek Inc. | Board of Directors | Current |
| Surge Global Energy, Inc. | Board of Directors | Current |
| Burnham Pacific Properties | Director | Current |
| California Business Roundtable | Member | Current |
| San Diego Gas & Electric Company | CEO | Former |
| San Diego Gas & Electric Company | Chief Operating Officer | Former |
| San Diego Gas & Electric Company | Executive Vice President | Former |
| Surge Global Energy, Inc. | Director, Chairman of the Compensation Committee and Member of the Audit Committee | Former |
| Wisconsin Power | Controller | Former |
| Enova Inc. | Chairman of the Board | Former |
| Wisconsin Power | Treasurer | Former |
| Purdue University | Doctorate In Management, All | Former |
| Purdue University | Master's In Industrial Administration | Former |
| Purdue University | Bachelor of Science Degree In Civil Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Sempra Energy | Vice President, Investor Relations | Current |
| Southern California Gas Company | Board of Directors | Current |
| San Diego Gas & Electric Company | Board of Directors | Current |
| Pacific Enterprises, Inc. | Board of Directors | Current |
| Sempra Energy | Director of Executive Projects | Former |
| Tucson Electric Power Company | Corporate Counsel | Former |
| UniSource Energy Corporation | Corporate Counsel | Former |
| U.S. Army | Officer | Former |
| The AES Corporation | Former | |
| The University of Texas | Master's Degree In Public Administration | Former |
| University of Miami | Law Degree | Former |
| United States Military Academy | Bachelor's of Science | Former |
| University of Miami | Degree | Former |
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