EX-12 4 scgcoverageratios602.txt EXHIBIT 12.2 EXHIBIT 12.2 SOUTHERN CALIFORNIA GAS COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions)
For the six months ended June 30, 1997 1998 1999 2000 2001 2002 -------- -------- -------- -------- -------- -------- Fixed Charges: Interest $ 88 $ 81 $ 62 $ 72 $ 70 $ 24 Interest portion of annual rentals 5 4 3 4 3 1 -------- -------- -------- -------- -------- -------- Total Fixed Charges for Purpose of Ratio $ 93 $ 85 $ 65 $ 76 $ 73 $ 25 ======== ======== ======== ======== ======== ======== Earnings: Pretax income from continuing operations $416 $287 $383 $390 $377 $199 Total Fixed Charges (from above) 93 85 65 76 73 25 -------- -------- -------- -------- -------- -------- Total Earnings for Purpose of Ratio $509 $372 $448 $466 $450 $224 ======== ======== ======== ======== ======== ======== Ratio of Earnings To Fixed Charges 5.47 4.38 6.89 6.13 6.16 8.96 ======== ======== ======== ======== ======== ========