EX-12 3 scgcoverageratios301t.htm EXHIBIT 12.2 SCG COMPUTATION OF RATIOS <SCG SEC Coverage Ratios>

EXHIBIT 12.1

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

 

 

 

1996
------

 

 

1997
------

 

 

1998
------

 

 

1999
------

 

 

2000
------

For the three months ended March 31, 2001
------

Fixed Charges:

           

Interest

$88

$88

$81

$62

$72

$18

Interest Portion of Annual Rentals

5
------

5
------

4
------

3
------

4
------

1
------

Total Fixed Charges For Purpose of Ratio

$93
======

$93
======

$85
======

$65
======

$76
======

$19
======

Earnings:

           

Pretax income from continuing operations

$349
------

$416
------

$287
------

$383
------

$390
------

$97
------

Add: Fixed charges (from above)

93

93

85

65

76

19

Less: Fixed charges capitalized

2
------

1
------

1
------

2
------

2
------

1
------

Fixed charges net of
capitalized charges

91
------

92
------

84
------

63
------

74
------

18
------

Total Earnings for Purpose of
Ratio

$440
======

$508
======

$371
======

$446
======

$464
======

$115
======

Ratio of Earnings to Fixed Charges

4.73
======

5.46
======

4.36
======

6.86
======

6.11
======

6.05
======