EXHIBIT 12.4 | |||||||||||
SOUTHERN CALIFORNIA GAS COMPANY | |||||||||||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES | |||||||||||
AND PREFERRED STOCK DIVIDENDS | |||||||||||
(Dollars in millions) | |||||||||||
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| 2005 |
| 2006 |
| 2007 |
| 2008 |
| 2009 |
Fixed Charges: |
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Interest |
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| $ 50 |
| $ 72 |
| $ 72 |
| $ 65 |
| $ 74 |
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Interest portion of annual rentals |
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| 3 |
| 4 |
| 3 |
| 2 |
| 1 |
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Total fixed charges |
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| 53 |
| 76 |
| 75 |
| 67 |
| 75 |
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Preferred stock dividends (1) |
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| 2 |
| 2 |
| 2 |
| 2 |
| 2 |
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Combined fixed charges and preferred stock dividends for purpose of ratio |
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| $ 55 |
| $ 78 |
| $ 77 |
| $ 69 |
| $ 77 |
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Earnings: |
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Pretax income from continuing operations |
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| $ 309 |
| $ 397 |
| $ 391 |
| $ 385 |
| $ 418 |
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Add: Total fixed charges (from above) |
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| 53 |
| 76 |
| 75 |
| 67 |
| 75 |
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Less: Interest capitalized |
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| - |
| 1 |
| 1 |
| - |
| 1 |
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Total earnings for purpose of ratio |
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| $ 362 |
| $ 472 |
| $ 465 |
| $ 452 |
| $ 492 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
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| 6.58 |
| 6.05 |
| 6.04 |
| 6.55 |
| 6.39 |
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Ratio of earnings to fixed charges |
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| 6.83 |
| 6.21 |
| 6.20 |
| 6.75 |
| 6.56 |
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(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. | |||||||||||
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10-K Filing
Sempra (SRE) 10-K2009 FY Annual report
Filed: 26 Feb 10, 12:00am