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SAN DIEGO GAS & ELECTRIC ISSUES $16.6 MILLION IN PREFERENCE STOCK

 SAN DIEGO, Nov. 15 /PRNewswire/ -- San Diego Gas & Electric (NYSE: SDO) today issued $16.6 million in new preference stock.
 SDG&E issued 640,000 shares of SDG&E preference stock at $26 per share, callable after five years at $26 per share. The stock will pay a quarterly dividend of $0.455, payable Jan. 15 (with a partial dividend for Jan. 15, 1994), April 15, July 15 and Oct. 15.
 The preference stock is rated "a1" by Moody's Investors Service Inc. and "A" by Standard & Poor's Corp. An application will be made to list the preference stock on the American and Pacific stock exchanges (proposed symbol: SDO PrH).
 The underwriter for the preference stock issue is Merrill Lynch.
 -0- 11/15/93
 /CONTACT: Gretchen Griswold of SDG&E, 619-696-4309/
 (SDO)


CO: San Diego Gas & Electric ST: California IN: UTI SU: OFR

JL-EH -- SD008 -- 4581 11/15/93 15:10 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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