Attached files

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10-K - SOUTH JERSEY GAS COMPANY 10-K 12-31-2009 - SOUTH JERSEY GAS Coform10k.htm
EX-23 - EXHIBIT 23 - SOUTH JERSEY GAS Coex23.htm
EX-21 - EXHIBIT 21 - SOUTH JERSEY GAS Coex21.htm
EX-3.B - EXHIBIT 3B - SOUTH JERSEY GAS Coex3b.htm
EX-31.2 - EXHIBIT 31.2 - SOUTH JERSEY GAS Coex31_2.htm
EX-32.1 - EXHIBIT 32.1 - SOUTH JERSEY GAS Coex32_1.htm
EX-32.2 - EXHIBIT 32.2 - SOUTH JERSEY GAS Coex32_2.htm
EX-31.1 - EXHIBIT 31.1 - SOUTH JERSEY GAS Coex31_1.htm

Exhibit 12

SOUTH JERSEY GAS COMPANY
 
Calculation of Ratio of Earnings to Fixed Charges
 
(IN THOUSANDS)
 
                               
   
Fiscal Year Ended December 31,
                               
   
2009
   
2008
   
2007
   
2006
   
2005
 
                               
Net Income
 
$
39,195
   
$
39,431
   
$
38,025
   
$
35,779
   
$
34,547
 
                                         
Income Taxes, Net
   
27,104
     
26,508
     
26,652
     
24,811
     
25,185
 
                                         
Fixed Charges*
   
16,764
     
19,089
     
20,928
     
22,274
     
19,317
 
                                         
Capitalized Interest
   
(322
)
   
(152
)
   
(151
)
   
(175
)
   
(1,161
)
                                         
Total Available for Coverage
 
$
82,741
   
$
84,876
   
$
85,454
   
$
82,689
   
$
77,888
 
                                         
Total Available
   
4.9
x
   
4.4
x
   
4.1
x
   
3.7
x
   
4.0
x
Fixed Charges
                                       

* Fixed charges consist of interest charges and preferred dividend requirement amounting to $45,000 in 2005 (rentals are not material).