Southern California Gas Company PFD SER A 6% (SOCGP)
Filed: 27 Oct 03, 12:00am
Exhibit 12.1
SOUTHERN CALIFORNIA GAS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Six Months June 30, | |||||||||||||||||||||
| 2002 | 2001 | 2000 | 1999 | 1998 | 2003 | 2002 | |||||||||||||||
Fixed Charges: | |||||||||||||||||||||
Interest | $ | 47 | $ | 70 | $ | 72 | $ | 62 | $ | 81 | $ | 26 | $ | 24 | |||||||
Interest portion of annual rentals | 2 | 3 | 4 | 3 | 4 | 1 | 1 | ||||||||||||||
Total Fixed Charges for Purpose of Ratio | $ | 49 | $ | 73 | $ | 76 | $ | 65 | $ | 85 | $ | 27 | $ | 25 | |||||||
Earnings: | |||||||||||||||||||||
Pretax income from continuing operations | $ | 391 | $ | 377 | $ | 390 | $ | 383 | $ | 287 | $ | 171 | $ | 199 | |||||||
Total Fixed Charges (from above) | 49 | 73 | 76 | 65 | 85 | 27 | 25 | ||||||||||||||
Total Earnings for Purpose of Ratio | $ | 440 | $ | 450 | $ | 466 | $ | 448 | $ | 372 | $ | 198 | $ | 224 | |||||||
Ratio of Earnings To Fixed Charges | 8.98 | 6.16 | 6.13 | 6.89 | 4.38 | 7.33 | 8.96 | ||||||||||||||