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- 10-Q Quarterly report
- 3.1 Amended Bylaws of Pg&e Corporation
- 3.2 Amended Bylaws of Pacific Gas and Electric Company
- 10.1 Form of Restricted Stock Unit Agreement
- 10.2 Form of Performance Share Agreement
- 10.3 Restricted Stock Unit Agreement
- 10.4 Performance Share Agreement
- 10.5 Pg&e Corporation Officer Severance Policy
- 10.6 Pg&e Corporation 2012 Officer Severance Policy
- 10.7 Postretirement Life Insurance Plan
- 12.1 Computation of Ratios of Earnings to Fixed Charges for Pacific Gas and Electric
- 12.2 Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Stock
- 12.3 Computation of Ratios of Earnings to Fixed Charges for Pg&e Corporation
- 31.1 Certifications of the CEO and CFO of Pg&e Corporation
- 31.2 Certifications of the CEO and CFO of the Pacific Gas and Electric Company
- 32.1 Certifications of the CEO and CFO of the Pg&e Corporation
- 32.2 Certifications of the CEO and CFO of the Pacific Gas and Electric Company
EXHIBIT 12.1
PACIFIC GAS AND ELECTRIC COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Three Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
March 31, | Year ended December 31, | |||||||||||||||||||||||
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2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
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Earnings: | ||||||||||||||||||||||||
Net income | $ 231 | $ 845 | $ 1,121 | $ 1,250 | $ 1,199 | $ 1,024 | ||||||||||||||||||
Income taxes provision | 113 | 480 | 574 | 482 | 488 | 571 | ||||||||||||||||||
Net fixed charges | 213 | 880 | 799 | 817 | 860 | 889 | ||||||||||||||||||
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Total earnings | $ 557 | $ 2,205 | $ 2,494 | $ 2,549 | $ 2,547 | $ 2,484 | ||||||||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest on short-term borrowings and long-term debt, net | $ 197 | $ 824 | $ 731 | $ 754 | $ 794 | $ 834 | ||||||||||||||||||
Interest on capital leases | 4 | 16 | 18 | 19 | 22 | 23 | ||||||||||||||||||
AFUDC debt | 12 | 40 | 50 | 44 | 44 | 32 | ||||||||||||||||||
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Total fixed charges | $ 213 | $ 880 | $ 799 | $ 817 | $ 860 | $ 889 | ||||||||||||||||||
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Ratios of earnings to | 2.62 | 2.51 | 3.12 | 3.12 | 2.96 | 2.79 | ||||||||||||||||||
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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. Fixed charges exclude interest on tax liabilities.