San Diego Gas & Electric Company First Mortgage Bonds Underwriting Agreement May 11, 2009Underwriting Agreement • May 15th, 2009 • San Diego Gas & Electric Co • Electric & other services combined • New York
San Diego Gas & Electric Company, a California corporation (the “Company”), confirms its agreement with each of the Underwriters named in Schedule I hereto (collectively, the “Underwriters,” which term shall also include any underwriter substituted as hereinafter provided in Section 9 hereof), for whom Calyon Securities (USA) Inc., Morgan Stanley & Co. Incorporated and UBS Securities LLC are acting as representatives (the “Representatives”), with respect to the issue and sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of $300,000,000 aggregate principal amount of the Company’s 6.00% First Mortgage Bonds, Series GGG, due 2039 (the “Bonds”). The Bonds are to be issued pursuant to an indenture dated July 1, 1940, as amended and supplemented to date, including the Supplemental Indenture dated as of May 14, 2009 (the “Indenture”), between the Company and U.S. Bank National Association, as successor trustee to U.S. Bank Trust National Association (
RECORDING REQUESTED BY RECORDED MAIL TO:Security Agreement and Mortgage • May 15th, 2009 • San Diego Gas & Electric Co • Electric & other services combined
