EX-12.B 3 gex12b.txt CALC OF RATIOS TO FIXED CHARGES Exhibit 12(b) SOUTH JERSEY GAS COMPANY Calculation of Ratio of Earnings To Fixed Charges Plus Preferred Security Dividend Requirements (In Thousands)
Fiscal Year Ended December 31, ------------------------------------------------------------ 2000 1999 1998 1997 1996 ------------------------------------------------------------ Net Income $21,779 $20,382 $14,822 $19,898 $19,215 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 Preferred Securities - Dividends 3,074 3,084 3,088 2,102 174 ------------------------------------------------------------ Sub-Total 24,255 24,033 22,323 20,205 19,748 ------------------------------------------------------------ Capitalized Interest (24) (390) (167) (107) (114) ------------------------------------------------------------ Total Available for Coverage $62,661 $59,480 $49,234 $51,555 $49,476 ============================================================ Total Available 2.6x 2.5x 2.2x 2.6x 2.5x ------------------------------------- Fixed Charges and Preferred Securities - Dividends * Fixed charges consist of interest charges (rentals are not material).