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EXHIBIT 12.02
SOUTHERN CALIFORNIA GAS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
1997 |
1998 |
1999 |
2000 |
2001 | |
Fixed Charges: | |||||
Interest | $ 88 | $ 81 | $ 62 | $ 72 | $ 70 |
Interest portion of annual rentals | 5 | 4 | 3 | 4 | 3 |
Total fixed charges for purpose of ratio | $ 93 | $ 85 | $ 65 | $ 76 | $ 73 |
Earnings: | |||||
Pretax income from continuing operations | $416 | $287 | $383 | $390 | $377 |
Add: Total fixed charges (from above) | 93 ------ | 85 ------ | 65 ------ | 76 ------ | 73 ------ |
Total earnings for purpose of | $509 | $372 | $448 | $466 | $450 |
Ratio of earnings to fixed charges | 5.47 | 4.38 | 6.89 | 6.13 | 6.16 |