EX-12.A 2 gex12a.txt CALC OF RATIOS TO FIXED CHARGES Exhibit 12(a) SOUTH JERSEY GAS COMPANY Calculation of Ratio of Earnings To Fixed Charges (In Thousands)
Fiscal Year Ended December 31, ------------------------------------------------------------ 2000 1999 1998 1997 1996 ------------------------------------------------------------ Net Income* $24,853 $23,466 $17,910 $22,000 $19,389 Income Taxes, Net 16,651 15,455 12,256 11,559 10,627 Fixed Charges** 21,181 20,949 19,235 18,103 19,574 Capitalized Interest (24) (390) (167) (107) (114) ------------------------------------------------------------ Total Available for Coverage $62,661 $59,480 $49,234 $51,555 $49,476 ============================================================ Total Available 3.0x 2.8x 2.6x 2.9x 2.5x ----------------------- Fixed Charges * Net Income before Dividends on Preferred Securities and a Cumulative Effect of a Change in Accounting Principle. ** Fixed charges consist of interest charges (rentals are not material).