Best Places to Work in IT 2009 Employer Profile

No. 3

San Diego Gas & Electric Co.

San Diego, Calif. [Pacific]

Why you want to work there

Top 10 ranking: No. 2 for retention Retirement planning made easy is one of the goals of San Diego Gas & Electric's benefits program. In addition to a 401(k) plan, employees at this California utility participate in the Cash Balance Plan, a noncontributory qualified retirement plan. The employee's account is credited with 7.5% of eligible compensation (base pay, merit lump sums and bonus pay) with interest credits equal to the average rate on a 30-year Treasury bond in the November preceding the current plan year. This benefit is protected by the Pension Benefit Guaranty Corp. and participation begins at the date of hire, provided the employee completes a full year of eligible service. Vesting is at three years of service. It's also a "portable" benefit -- vested participants who leave the company or retire can choose payout options including lump sum payment, rollover to a qualified savings plan, or single or joint life annuities. Communication is also important at San Diego Gas & Electric: Business initiatives and corresponding IT involvement and opportunities are communicated through company newsletters, Web sites, e-mails, town hall meetings, all-hands meetings and training sessions.

Rank by company size:
Large, No. 3

Employee Statistics

Total U.S.-based employees: 12,009

Total U.S.-based IT employees: 602

IT employee turnover in 2008: 6%

IT promotions in 2008: 10%


Training days offered per IT employee in 2008: 5

Training budget per IT employee in 2008: $1,419

Women in IT

Total percentage of women within IT: 27%

Percentage of IT managers who are women: 29%

Percentage of IT staffers (non-managers) who are women: 27%

Minorities in IT

Total percentage of minorities within IT: 46%

Percentage of IT managers who are minorities: 34%

Percentage of IT staffers (non-managers) who are minorities: 47%