EX-12 4 scg2003ex12.htm EX 12.2 SOCALGAS RATIOS SoCalGas EX 12 Ratio of Earnings to Fixed Charges

EXHIBIT 12.2

SOUTHERN CALIFORNIA GAS COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

1999

2000

2001

2002

2003

Fixed Charges:

Interest

$ 62

$ 72

$ 70

$ 47

$ 48

Interest portion of annual rentals

3

4

3

2

2

Total fixed charges for purpose of ratio

$ 65

$ 76

$ 73

$ 49

$ 50

Earnings:

Pretax income from continuing operations

$ 383

$ 390

$ 377

$ 391

$ 360

Add: total fixed charges (from above)

65

76

73

49

50

Total earnings for purpose of ratio

$ 448

$ 466

$ 450

$ 440

$ 410

Ratio of earnings to fixed charges

6.89

6.13

6.16

8.98

8.20