EX-12 3 scgex123rdqtr04.htm EX 12.2 SoCalGas EXHIBIT 12.2

EXHIBIT 12.2

SOUTHERN CALIFORNIA GAS COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

Nine months ended

1999

2000

2001

2002

2003

September 30, 2004

Fixed Charges:

Interest

$ 62

$ 72

$ 70

$ 47

$ 48

$ 30

Interest portion of annual rentals

3

4

3

2

2

1

Total fixed charges for purpose of ratio

$ 65

$ 76

$ 73

$ 49

$ 50

$ 31

Earnings:

Pretax income from continuing operations

$ 383

$ 390

$ 377

$ 391

$ 360

$ 308

Add: total fixed charges (from above)

65

76

73

49

50

31

Total earnings for purpose of ratio

$ 448

$ 466

$ 450

$ 440

$ 410

$ 339

Ratio of earnings to fixed charges

6.89

6.13

6.16

8.98

8.20

10.94