Pacific Enterprises’ earnings rose 1% to $64.17...
- Share via
Pacific Enterprises’ earnings rose 1% to $64.17 million for its first quarter, reflecting a 27.5% increase in income for the Los Angeles-based holding company’s Thrifty Corp., which operates drug and discount stores. Pacific Enterprises also owns Southern California Gas Co., a natural gas distribution utility, which had income of $37 million for the first quarter, compared to $39.7 million for the same quarter a year ago. The firm said the gas company’s 7% decrease in earnings was due to a lower return on equity authorized for the utility in 1988 by the California Public Utilities Commission.
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.