EX-12.B 4 gex12b.txt SOUTH JERSEY GAS COMPANY EX. 12B TO FORM 10K 12/31/01 Exhibit 12(b) SOUTH JERSEY GAS COMPANY Calculation of Ratio of Earnings from Continuing Operations To Fixed Charges Plus Preferred Security Dividend Requirements (In Thousands)
Fiscal Year Ended December 31, ---------------------------------------------------------------------------------------- 2001 2000 1999 1998 1997 ---------------------------------------------------------------------------------------- Net Income * $21,527 $21,855 $20,367 $14,884 $19,929 Income Taxes, Net 15,693 16,703 15,445 12,299 11,581 Fixed Charges ** 20,347 21,181 20,949 19,235 18,103 Preferred Securities - Dividends 3,062 3,074 3,084 3,088 2,102 ---------------------------------------------------------------------------------------- Sub-Total 23,409 24,255 24,033 22,323 20,205 ---------------------------------------------------------------------------------------- Capitalized Interest (221) (24) (390) (167) (107) ---------------------------------------------------------------------------------------- Total Available for Coverage $60,408 $62,789 $59,455 $49,339 $51,608 ======================================================================================== Total Available 2.6x 2.6x 2.5x 2.2x 2.6x ---------------------------------------- Fixed Charges and Preferred Securities - Dividends * Net Income before Discontinued Operations ** Fixed charges consist of interest charges (rentals are not material).