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Sempra Energy continues to deliver solid financial results despite difficult conditions in the energy sector. In 2002, we generated earnings growth of 14 percent. Since the formation of Sempra Energy in 1998, we have increased our earnings per share by an average of 23 percent per year. In a challenging stock market in 2002, Sempra Energy's total return outperformed the major stock indexes and our industry peer group.
Financial strength remains a key differentiator for Sempra Energy. We have a solid balance sheet and sufficient liquidity and cash flow to meet all of our planned operating needs. |
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