EXHIBIT 12.2
SAN DIEGO GAS & ELECTRIC COMPANY
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(Dollars in millions)
													March 31,
			2011		2012		2013		2014		2015		2016
Fixed charges and preferred
stock dividends:
Interest		$	193	$	220	$	231	$	238	$	241	$	59
Interest portion of annual rentals			1		1		1		1		1		-
Total fixed charges			194		221		232		239		242		59
Preferred stock dividends (1)			7		7		5		-		-		-
Combined fixed charges and preferred stock
dividends for purpose of ratio		$	201	$	228	$	237	$	239	$	242	$	59
Earnings:
Pretax income from continuing operations		$	692	$	705	$	626	$	797	$	890	$	202
Add: Total fixed charges (from above)			194		221		232		239		242		59
Less: Interest capitalized			1		-		-		1		-		-
Total earnings for purpose of ratio		$	885	$	926	$	858	$	1,035	$	1,132	$	261
Ratio of earnings to combined fixed charges
and preferred stock dividends			4.40		4.06		3.62		4.33		4.68		4.42
Ratio of earnings to fixed charges			4.56		4.19		3.70		4.33		4.68		4.42
(1)	In computing this ratio, “Preferred stock dividends” represents the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods.