EX-12 3 scg12.htm EX 12.2 Southern California Gas Coverage Ratios 3/31/2005 EXHIBIT 12

EXHIBIT 12.2

SOUTHERN CALIFORNIA GAS COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

Quarter ended

2000

2001

2002

2003

2004

March 31, 2005

Fixed Charges:

Interest

$ 72

$ 70

$ 47

$ 48

$ 40

$ 11

Interest portion of annual rentals

4

3

2

2

2

1

Total fixed charges for purpose of ratio

$ 76

$ 73

$ 49

$ 50

$ 42

$ 12

Earnings:

Pretax income from continuing operations

$ 390

$ 377

$ 391

$ 360

$ 387

$ 116

Add: total fixed charges (from above)

76

73

49

50

42

12

Total earnings for purpose of ratio

$ 466

$ 450

$ 440

$ 410

$ 429

$ 128

Ratio of earnings to fixed charges

6.13

6.16

8.98

8.20

10.21

10.67