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Enova Corporation And SDG&E Declare Dividends

SAN DIEGO, Nov. 25 /PRNewswire/ -- Enova Corporation's board of directors today declared a quarterly dividend of 39 cents per share on the company's common stock. The current dividend is payable Jan. 15, 1997, for shareholders of record as of Dec. 10, 1996.

The board of directors of San Diego Gas & Electric (SDG&E) also declared dividends on its preferred and preference stock: cumulative preferred -- $0.25 per share on the 5-percent series; $0.23 on the 4.60-percent series; $0.225 on the 4.5-percent series; and $0.22 on the 4.40-percent series; preference (cumulative) -- $0.440625 on the $1.7625 series; $0.425 on the $1.70 series; and $0.455 on the $1.82 series.

In October 1996, Enova Corporation (NYSE: ENA) and Pacific Enterprises (NYSE: PET) jointly announced an agreement to combine their companies. Pacific Enterprises is the parent company of Southern California Gas Co., the largest natural gas distribution company in the United States. When completed, this combination will result in an investor-owned energy utility with the largest customer base in the nation.

Enova Corporation is a leading energy management company providing electricity, gas, and value-added products and services. Enova is the parent company of SDG&E and six other U.S.-based subsidiaries: Enova Energy, Enova International, Enova Technologies, Enova Financial, Califia and Pacific Diversified Capital.

SOURCE Enova Corporation
 -0- 11/25/96

/CONTACT: Media Newsline, 619-696-4292 or David Kusumoto, 619-696-4289 or Doug Kline, 619-696-4866, or After-hours pager 619-526-9555 or


CO: Enova Corporation ST: California IN: OIL SU: DIV

MZ-CW -- LAM068 -- 4021 11/25/96 20:15 EST
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Publication:PR Newswire
Date:Nov 25, 1996
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