EXHIBIT 12.2
SAN DIEGO GAS & ELECTRIC COMPANY
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(Dollars in millions)
							June 30,
		2005	2006	2007	2008	2009	2010
Fixed Charges and Preferred Stock Dividends:
Interest		$ 77	$ 102	$ 105	$ 107	$ 118	$ 69
Interest portion of annual rentals		3	3	3	1	1	1
Total fixed charges		80	105	108	108	119	70
Preferred stock dividends (1)		6	8	7	7	7	4
Combined fixed charges and preferred stock dividends for purpose of ratio		$ 86	$ 113	$ 115	$ 115	$ 126	$ 74
Earnings:
Pretax income from continuing operations		$ 356	$ 394	$ 406	$ 451	$ 550	$ 206
Total fixed charges (from above)		80	105	108	108	119	70
Less: Interest capitalized		1	1	3	13	4	-
Total earnings for purpose of ratio		$ 435	$ 498	$ 511	$ 546	$ 665	$ 276
Ratio of earnings to combined fixed charges and preferred stock dividends		5.06	4.41	4.44	4.75	5.28	3.73
Ratio of earnings to fixed charges		5.44	4.74	4.73	5.06	5.59	3.94
(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.