EXHIBIT 12.2
SOUTHERN CALIFORNIA GAS
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
1996 |
1997 |
1998 |
1999 |
2000 | For the six months ended June 30, 2001 | |
Fixed Charges: | ||||||
Interest | $88 | $88 | $81 | $62 | $72 | $35 |
Interest Portion of Annual Rentals | 5 | 5 | 4 | 3 | 4 | 2 |
Total Fixed Charges For Purpose of Ratio | $93 | $93 | $85 | $65 | $76 | $37 |
Earnings: | ||||||
Pretax income from continuing operations | $349 | $416 | $287 | $383 | $390 | $185 |
Add: Fixed charges (from above) | 93 | 93 | 85 | 65 | 76 | 37 |
Less: Fixed charges capitalized | 2 | 1 | 1 | 2 | 2 | 1 |
Fixed charges net of | 91 | 92 | 84 | 63 | 74 | 36 |
Total Earnings for Purpose of | $440 | $508 | $371 | $446 | $464 | $221 |
Ratio of Earnings to Fixed Charges | 4.73 | 5.46 | 4.36 | 6.86 | 6.11 | 5.97 |