EX-12 4 scgcoverageratios0601.htm EXHIBIT 12.2 Exhibit 12.2 Coverage Ratios

EXHIBIT 12.2

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

 

 

 

1996
------

 

 

1997
------

 

 

1998
------

 

 

1999
------

 

 

2000
------

For the six months ended June 30, 2001
------

Fixed Charges:

           

Interest

$88

$88

$81

$62

$72

$35

Interest Portion of Annual Rentals

5
------

5
------

4
------

3
------

4
------

2
------

Total Fixed Charges For Purpose of Ratio

$93
======

$93
======

$85
======

$65
======

$76
======

$37
======

Earnings:

           

Pretax income from continuing operations

$349
------

$416
------

$287
------

$383
------

$390
------

$185
------

Add: Fixed charges (from above)

93

93

85

65

76

37

Less: Fixed charges capitalized

2
------

1
------

1
------

2
------

2
------

1
------

Fixed charges net of
capitalized charges

91
------

92
------

84
------

63
------

74
------

36
------

Total Earnings for Purpose of
Ratio

$440
======

$508
======

$371
======

$446
======

$464
======

$221
======

Ratio of Earnings to Fixed Charges

4.73
======

5.46
======

4.36
======

6.86
======

6.11
======

5.97
======