Exhibit 12(a)
SOUTH JERSEY GAS COMPANY
Calculation of Ratio of Earnings from Continuing Operations To Fixed Charges
(In Thousands)
Fiscal Year Ended December 31,
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2001 2000 1999 1998 1997
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Net Income* $24,589 $24,929 $23,451 $17,972 $22,031
Income Taxes, Net 15,693 16,703 15,445 12,299 11,581
Fixed Charges** 20,347 21,181 20,949 19,235 18,103
Capitalized Interest (221) (24) (390) (167) (107)
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Total Available for Coverage $60,408 $62,789 $59,455 $49,339 $51,608
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Total Available 3.0x 3.0x 2.8x 2.6x 2.9x
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Fixed Charges
<FN>
* Net Income before Dividends on Preferred Securities and
Discontinued Operations.
** Fixed charges consist of interest charges (rentals are not material).
</FN>