EXHIBIT 12
SOUTH CAROLINA ELECTRIC & GAS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
12 Months
June 30, Year Ended December 31,
1997 1996 1995 1994 1993 1992
Fixed Charges as defined:
Interest on long-term debt.................. $ 94,113 $ 94,834 $ 96,138 $ 85,368 $ 77,975 $ 79,452
Amortization of debt premium, discount and
expense (net).............................. 2,324 2,315 2,223 1,993 1,435 765
Interest on debt to affiliate............... 23 - 114 279 29 16
Other interest expense...................... 6,661 7,367 9,210 4,910 5,783 6,761
Interest component of rentals............... 2,028 2,255 2,771 2,692 2,823 923
Total Fixed Charges (A)................. $105,149 $106,771 $110,456 $ 95,242 $ 88,045 $ 87,917
Earnings, as defined:
Income...................................... $179,284 $190,482 $169,185 $152,043 $145,968 $102,163
Income taxes................................ 99,624 108,176 97,249 82,716 80,738 50,158
Total fixed charges ........................ 105,149 106,771 110,456 95,242 88,045 87,917
Total Earnings (B)...................... $384,057 $405,429 $376,890 $330,001 $314,751 $240,238
Ratio of Earnings to fixed charges (B/A)...... 3.65 3.80 3.41 3.46 3.57 2.73
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