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- 10-Q Quarterly report
- 3.1 Bylaws of Pg&e Corporation Amended As of May 1, 2011
- 3.2 Bylaws of Pacific Gas and Electric Company Amended As of May 1, 2011
- 10.1 Form of Restricted Stock Unit Agreement for 2011 Grants
- 10.2 Form of Performance Share Agreement for 2011 Grants
- 12.1 Computation of Ratios of Earnings to Fixed Charges
- 12.2 Computation of Ratios of Earnings to Combined Fixed Charges-pref Stock Dividends
- 12.3 Computation of Ratios of Earnings to Fixed Charges for Pg&e Corporation
- 31.1 Certifications of CEO and CFO of Pg&e Corporation Required by Section 302
- 31.2 Certifications of CEO and CFO of Pacific Gas & Elec Co Required by Section 302
- 32.1 Certifications of CEO and CFO of Pg&e Corporation Required by Section 906
- 32.2 Certifications of CEO and CFO of Pacific Gas & Elec Co Required by Section 906
EXHIBIT 12.1
PACIFIC GAS AND ELECTRIC COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Three Months March 31, | Year Ended December 31, | |||||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net income | $201 | $1,121 | $1,250 | $1,199 | $1,024 | $985 | ||||||||||||||||||
Income taxes provision | 131 | 574 | 482 | 488 | 571 | 602 | ||||||||||||||||||
Fixed charges | 213 | 799 | 817 | 860 | 889 | 801 | ||||||||||||||||||
Total Earnings | $545 | $2,494 | $2,549 | $2,547 | $2,484 | $2,388 | ||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest on short-term borrowings and long-term debt, net | $199 | $731 | $754 | $794 | $834 | $770 | ||||||||||||||||||
Interest on capital leases | 4 | 18 | 19 | 22 | 23 | 11 | ||||||||||||||||||
AFUDC debt | 10 | 50 | 44 | 44 | 32 | 20 | ||||||||||||||||||
Total Fixed Charges | $213 | $799 | $817 | $860 | $889 | $801 | ||||||||||||||||||
Ratios of Earnings to Fixed Charges | 2.56 | 3.12 | 3.12 | 2.96 | 2.79 | 2.98 | ||||||||||||||||||
Note: For the purpose of computing Pacific Gas and Electric Company’s ratios of earnings to fixed charges, “earnings” represent net income adjusted for the income or loss from equity investees of less than 100% owned affiliates, equity in undistributed income or losses of less than 50% owned affiliates, income taxes and fixed charges (excluding capitalized interest). “Fixed charges” include interest on long-term debt and short-term borrowings (including a representative portion of rental expense), amortization of bond premium, discount and expense, interest on capital leases, AFUDC debt, and earnings required to cover the preferred stock dividend requirements and preferred security distribution requirements of majority-owned trust. Fixed charges exclude interest on tax liabilities.