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In August 2002, SDG&E workers battled difficult conditions to replace power poles and other equipment damaged in a fire that burned more than 60,000 acres in eastern San Diego County. |
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Furthermore, we are committed to producing clear, accurate and timely financial statements for our investors and other key stakeholders. Like many other CEOs, in August 2002, I submitted my personal certification to the Securities and Exchange Commission as to the accuracy and completeness of our financial reports. This certification process continues on a quarterly basis.
"Straightforward" not only accurately describes how we govern and operate our company, but also how we approach our workforce. We are proud that, across the Sempra Energy companies, we have employees who — from top to bottom — reflect the diversity of the markets we serve. Creative problem solving and more thoughtful decision-making often are the result of a diverse workforce. We were pleased when — for the fifth consecutive year — Fortune magazine heralded Sempra Energy as one of America's best companies for minorities. We earned the No. 2 ranking in 2002 and have been recognized among Fortune's top five companies each year since the magazine began publishing its list in 1998.
Sempra Energy remains a vital part of communities in which we operate. In 2002, Sempra Energy and its employees contributed more than $9 million and 30,000 hours of volunteer time to worthy causes.
We have a sound strategic plan in place to deliver solid financial results. We accept only those risks we can fully understand and manage. These factors will continue to differentiate us in the market and reward our value-focused investors. On behalf of all of us at Sempra Energy, thank you for your continued support and confidence.
Sincerely,
Stephen L. Baum
Chairman, President and Chief Executive Officer
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