EXHIBIT 12.2 |
| ||||||||||||
SOUTHERN CALIFORNIA GAS COMPANY |
| ||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES |
| ||||||||||||
AND PREFERRED STOCK DIVIDENDS |
| ||||||||||||
(Dollars in millions) |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nine months |
|
|
|
|
|
|
|
|
|
|
|
|
| ended |
|
|
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| 2006 |
| September 30, 2007 |
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
| $ 47 |
| $ 48 |
| $ 40 |
| $ 50 |
| $ 72 |
| $ 55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest portion of annual rentals |
| 2 |
| 2 |
| 2 |
| 3 |
| 4 |
| 3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fixed charges |
| 49 |
| 50 |
| 42 |
| 53 |
| 76 |
| 58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends (1) |
| 2 |
| 2 |
| 2 |
| 2 |
| 2 |
| 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combined fixed charges and preferred stock dividends for purpose of ratio |
| $ 51 |
| $ 52 |
| $ 44 |
| $ 55 |
| $ 78 |
| $ 60 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax income from continuing operations |
| $ 391 |
| $ 360 |
| $ 387 |
| $ 309 |
| $ 397 |
| $ 295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: total fixed charges (from above) |
| 49 |
| 50 |
| 42 |
| 53 |
| 76 |
| 58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: interest capitalized |
| - |
| - |
| - |
| - |
| 1 |
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total earnings for purpose of ratio |
| $ 440 |
| $ 410 |
| $ 429 |
| $ 362 |
| $ 472 |
| $ 352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to combined fixed charges and preferred stock dividends |
| 8.63 |
| 7.88 |
| 9.75 |
| 6.58 |
| 6.05 |
| 5.87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
| 8.98 |
| 8.20 |
| 10.21 |
| 6.83 |
| 6.21 |
| 6.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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. |
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
- SOCGM Dashboard
- Financials
- Filings
- Transcripts
- News
-
10-Q Filing
Southern California Gas Company PFD 6% (SOCGM) 10-Q2007 Q3 Quarterly report
Filed: 1 Nov 07, 12:00am