EX-12 3 scgratios032004.htm EX 12.2 RATIOS EXHIBIT 12 SoCalGas Ratios

 

EXHIBIT 12.2

SOUTHERN CALIFORNIA GAS COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

Quarter ended

1999

2000

2001

2002

2003

March 31, 2004

Fixed Charges:

Interest

$ 62

$ 72

$ 70

$ 47

$ 48

$ 10

Interest portion of annual rentals

3

4

3

2

2

-

Total fixed charges for purpose of ratio

$ 65

$ 76

$ 73

$ 49

$ 50

$ 10

Earnings:

Pretax income from continuing operations

$ 383

$ 390

$ 377

$ 391

$ 360

$ 99

Add: total fixed charges (from above)

65

76

73

49

50

10

Total earnings for purpose of ratio

$ 448

$ 466

$ 450

$ 440

$ 410

$ 109

Ratio of earnings to fixed charges

6.89

6.13

6.16

8.98

8.20

10.90