EX-12 6 scgcoverageratios2001.htm EXHIBIT 12.02 SOCALGAS COMPUTATION OF RATIOS SoCalGas Coverage Ratios

EXHIBIT 12.02

SOUTHERN CALIFORNIA GAS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

 

 

 

1997
------

 

 

1998
------

 

 

1999
------

 

 

2000
------

 

 

2001
------

Fixed Charges:

         

Interest

$ 88

$ 81

$ 62

$ 72

$ 70

Interest portion of annual

rentals

5
------

4
------

3
------

4
------

3
------

Total fixed charges for purpose

of ratio

$ 93
======

$ 85
======

$ 65
======

$ 76
======

$ 73
======

Earnings:

         

Pretax income from continuing

operations

$416

$287

$383

$390

$377

Add: Total fixed charges (from above)

93

------

85

------

65

------

76

------

73

------

Total earnings for purpose of
ratio

$509
======

$372
======

$448
======

$466
======

$450
======

Ratio of earnings to fixed charges

5.47
======

4.38
======

6.89
======

6.13
======

6.16
======