Southern California Gas Company PFD 6% (SOCGM) 10-Q 2006 Q1 Quarterly report

EXHIBIT 12.1
PACIFIC ENTERPRISES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
						Three months
						ended
	2001	2002	2003	2004	2005	March 31, 2006
Fixed Charges:
Interest	$ 88	$ 63	$ 54	$ 47	$ 55	$ 20
Interest portion of annual rentals	3	2	2	2	3	1
Preferred dividends of subsidiaries (1)	2	2	2	2	2	1
Total fixed charges for purpose of ratio	$ 93	$ 67	$ 58	$ 51	$ 60	$ 22
Earnings:
Pretax income from continuing operations	$ 377	$ 383	$ 361	$ 390	$ 324	$ 89
Total fixed charges (from above)	93	67	58	51	60	22
Total earnings for purpose of ratio	$ 470	$ 450	$ 419	$ 441	$ 384	$ 111
Ratio of earnings to fixed charges	5.05	6.72	7.22	8.65	6.40	5.05
(1) In computing this ratio, "Preferred dividends of subsidiaries" represents the before-tax earnings necessary to pay such dividends,
computed at the effective tax rates for the applicable periods.