Southern California Gas Company PFD 6% 10K 2017 Annual report | SOCGM Filing

Content analysis

Positive
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Legalese
Litigous
Readability	H.S. freshman Avg

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twelve, unadjusted, unaffiliated, unamortized, unapplied, unaudited, unbilled, unclear, uncollectible, uncommitted, undepreciated, undercollected, underfunded, underwriting, undesignated, undiscounted, undistributed, unearned, unexpected, unfunded, unique, unobservable, unobtainable, unpaid, unqualified, unrealized, unrelated, unrestricted, unsafe, unseasonably, unsecured, unsubordinated, untrue, unused, unusual, unwind, upholding, upper, upward, Urbano, USA, vacate, Valero, valid, validate, validity, valorem, VaR, variance, VAT, vegetation, vehicle, Ventura, Veracruz, verify, Vermont, viability, view, viewed, vigorously, Vistra, volumetric, waiting, waiver, warning, weak, weakened, wear, weighted, weighting, whichever, wider, Women, wood, written, wrongfully, wrote, Yaqui, yield, York, zonal

Removed: aforementioned, Assembly, attract, Avery, Boulder, Brotherhood, Cajon, Carga, CDEC, clerical, compression, Cuyamaca, Despacho, Escondido, GDF, Iberdrola, incorrect, ISO, IV, kV, listing, ministry, Miramar, Northwest, Palomar, peaking, piping, Professional, prove, renegotiation, Rutledge, Schlax, Simpson, skilled, sophisticated, Star, SUEZ, SunPower, transpire, troncal, variation, workforce



	EXHIBIT 12.2
	SAN DIEGO GAS & ELECTRIC COMPANY
	COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
	AND PREFERRED STOCK DIVIDENDS
	(Dollars in millions)


		2017		2016		2015		2014		2013
Earnings:
Pretax income from continuing operations before income or loss		$	576	$	845	$	890	$	797	$	626
from equity investees, noncontrolling interests and preferred dividends
Add:
Combined fixed charges and preference security dividends for purpose
ratio (from below)		279		240		242		239		237
Amortization of capitalized interest⁽¹⁾		—		—		—		—		—
Less:
Interest capitalized		1		—		—		1		—
Preference security dividend requirements⁽²⁾		—		—		—		—		5
Noncontrolling interest in pretax income of subsidiaries that have not incurred
fixed charges		—		—		—		—		—
Total earnings for purpose of ratio		$	854	$	1,085	$	1,132	$	1,035	$	858

Fixed charges and preferred stock dividends:
Interest expensed and capitalized and amortization of premiums, discounts
and capitalized expenses related to indebtedness⁽¹⁾		$	278	$	239	$	241	$	238	$	231
Estimate of interest within rental expense		1		1		1		1		1
Total fixed charges		279		240		242		239		232
Preference security dividend requirements⁽²⁾		—		—		—		—		5
Combined fixed charges and preferred stock dividends for purpose of ratio		$	279	$	240	$	242	$	239	$	237

Ratio of earnings to fixed charges		3.06		4.52		4.68		4.33		3.70

Ratio of earnings to combined fixed charges and preference security dividends		3.06		4.52		4.68		4.33		3.62

⁽¹⁾	In computing this ratio, our public utilities that follow FASB ASC Topic 980, Regulated Operations, do not add amortization of capitalized interest in determining Earnings or reduce Fixed Charges by allowance for funds used during construction.
⁽²⁾	In computing this ratio, “Preference security dividend requirements” represent the pretax earnings to pay such dividends, computed at the effective tax rates for the applicable periods.

Southern California Gas Company PFD 6% (SOCGM) 10-K2017 FY Annual report

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