San Diego Gas files $2.5 billion shelf registering bonds, preferreds

By Devika Patel

Knoxville, Tenn., May 7 - San Diego Gas & Electric Co. filed a $2.5 billion shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers first mortgage bonds, debt securities and preferred stock.

The debt securities and preferreds may be convertible.

Proceeds will be used to expand and improve the company's utility plant, to refund and retire debt and for working capital and other general corporate purposes.

The San Diego-based utility is a subsidiary of Sempra Energy.

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