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Stephen Baum

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BUSINESS
February 22, 2005 | James F. Peltz, Times Staff Writer
When Sempra Energy Chief Executive Stephen Baum recently took stock of his years at the helm of the nation's largest utility owner, he was characteristically blunt about the milestones. "We didn't bankrupt the company," the ex-Marine said. Sempra is the parent of Southern California Gas Co. and San Diego Gas & Electric Co. -- two utilities that played key roles in California's 2000-01 energy crunch.
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BUSINESS
March 18, 2006 | Elizabeth Douglass
Sempra Energy boosted the 2005 bonus for newly retired Chairman and Chief Executive Stephen Baum by 37% to $3 million in part because he settled litigation that could have devastated the company, Sempra said in a government filing. Baum, who retired as CEO on Dec. 31 and left the chairman's post a month later, received more than $5 million in total compensation in 2005. Sempra's Jan.
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BUSINESS
June 27, 2000
Sempra Energy, the owner of Southern California Gas Co. and San Diego Gas & Electric, said Stephen Baum, vice chairman, president and chief operating officer, has been appointed chief executive, succeeding Richard Farman. Baum, 59, also will become chairman of the San Diego-based company when Farman retires Sept. 1. Baum's appointment is part of a succession plan agreed to when Sempra was formed in 1998 through Enova Corp.'s $4.5-billion acquisition of Pacific Enterprises.
BUSINESS
February 22, 2005 | James F. Peltz, Times Staff Writer
When Sempra Energy Chief Executive Stephen Baum recently took stock of his years at the helm of the nation's largest utility owner, he was characteristically blunt about the milestones. "We didn't bankrupt the company," the ex-Marine said. Sempra is the parent of Southern California Gas Co. and San Diego Gas & Electric Co. -- two utilities that played key roles in California's 2000-01 energy crunch.
BUSINESS
March 18, 2006 | Elizabeth Douglass
Sempra Energy boosted the 2005 bonus for newly retired Chairman and Chief Executive Stephen Baum by 37% to $3 million in part because he settled litigation that could have devastated the company, Sempra said in a government filing. Baum, who retired as CEO on Dec. 31 and left the chairman's post a month later, received more than $5 million in total compensation in 2005. Sempra's Jan.
BUSINESS
October 15, 1996 | PATRICK LEE, TIMES STAFF WRITER
Stephen L. Baum, who would eventually preside over the merged Enova Corp. and Pacific Enterprises, wins praise from analysts and former colleagues as a decisive and inspiring leader well suited to managing a utility in a newly deregulated industry. "If you look at his past performance, I would place him very highly in the ranks of CEOs of the regulated utility industry in this country," said Gary F. Hovis, director of utility research at Argus Research Corp. in New York.
BUSINESS
December 23, 1997
As expected, San Diego-based Enova Corp., parent company of San Diego Gas & Electric, has named Stephen L. Baum, 56, chairman, replacing Thomas A. Page, who will retire at the end of the month. Baum will remain as Enova chief executive, which has been his post since January 1996. In addition, Donald Felsinger was named Enova president and chief operating officer. He previously was SDG&E president and CEO. Edwin Guiles will become president of the utility.
BUSINESS
June 10, 2004 | From Bloomberg News
Sempra Energy, owner of the largest U.S. natural gas utility, said Donald E. Felsinger was promoted to president and chief operating officer and would succeed Stephen L. Baum as chief executive when Baum retires in 2006. Felsinger, 56, previously oversaw Sempra's non-utility businesses, the San Diego-based company said. Chief Financial Officer Neal E. Schmale, 57, will succeed Felsinger when Felsinger becomes chief executive, Sempra said.
BUSINESS
April 30, 2004 | From Bloomberg News
Sempra Energy, owner of the largest U.S. natural-gas utility, said first-quarter earnings more than doubled as it increased trading in gas and electricity. Net income rose to $197 million, or 85 cents a share, from $88 million, or 42 cents, a year earlier, San Diego-based Sempra said. Analysts had expected 70 cents, according to a Thomson First Call survey. Sales jumped 26% to $2.4 billion from $1.9 billion in the quarter last year.
BUSINESS
June 27, 2000
Sempra Energy, the owner of Southern California Gas Co. and San Diego Gas & Electric, said Stephen Baum, vice chairman, president and chief operating officer, has been appointed chief executive, succeeding Richard Farman. Baum, 59, also will become chairman of the San Diego-based company when Farman retires Sept. 1. Baum's appointment is part of a succession plan agreed to when Sempra was formed in 1998 through Enova Corp.'s $4.5-billion acquisition of Pacific Enterprises.
BUSINESS
October 15, 1996 | PATRICK LEE, TIMES STAFF WRITER
Stephen L. Baum, who would eventually preside over the merged Enova Corp. and Pacific Enterprises, wins praise from analysts and former colleagues as a decisive and inspiring leader well suited to managing a utility in a newly deregulated industry. "If you look at his past performance, I would place him very highly in the ranks of CEOs of the regulated utility industry in this country," said Gary F. Hovis, director of utility research at Argus Research Corp. in New York.
BUSINESS
December 8, 2005 | From Bloomberg News
Sempra Energy's board of directors Wednesday named Donald Felsinger chief executive to replace retiring Stephen Baum on Jan. 1. The company, which owns Southern California Gas Co. and San Diego Gas & Electric Co., initially announced the succession plan in June 2004. Felsinger, 58, has been president and chief operating officer of Sempra since June 2004, the San Diego-based company said. Felsinger also will become chairman Feb. 1.
BUSINESS
February 9, 2005 | From Bloomberg News
Sempra Energy, owner of the largest U.S. natural gas utility, on Tuesday said 2004 per-share profit rose to about $3.80, exceeding the company's forecast of $3.15 to $3.25 as earnings from commodities trading increased. The estimate excludes one-time items, such as a gain from a regulatory settlement, the San Diego-based company said. On that basis, profit was expected to rise to $3.21 a share, the average estimate of 10 analysts surveyed by Thomson First Call, from 2003's $2.93.
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