Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - PACIFIC GAS & ELECTRIC Co | q1form10q.htm |
| EX-12.03 - EXHIBIT 12.3 - PACIFIC GAS & ELECTRIC Co | ex1203.htm |
| EX-10.02 - EXHIBIT 10.2 - PACIFIC GAS & ELECTRIC Co | ex1002.htm |
| EX-12.02 - EXHIBIT 12.2 - PACIFIC GAS & ELECTRIC Co | ex1202.htm |
| EX-32.01 - EXHIBIT 32.1 - PACIFIC GAS & ELECTRIC Co | ex3201.htm |
| EX-10.01 - EXHIBIT 10.1 - PACIFIC GAS & ELECTRIC Co | ex1001.htm |
| EX-32.02 - EXHIBIT 32.2 - PACIFIC GAS & ELECTRIC Co | ex3202.htm |
| EX-10.03 - EXHIBIT 10.3 - PACIFIC GAS & ELECTRIC Co | ex1003.htm |
| EX-31.02 - EXHIBIT 31.2 - PACIFIC GAS & ELECTRIC Co | ex3102.htm |
| EX-31.01 - EXHIBIT 31.1 - PACIFIC GAS & ELECTRIC Co | ex3101.htm |
EXHIBIT
12.1
PACIFIC
GAS AND ELECTRIC COMPANY
COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
|
Three
Months Ended
March
31,
|
Year
Ended December 31,
|
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|
2010
|
2009
|
2008
|
2007
|
2006
|
2005
|
|||||||||||||||||||
|
Earnings:
|
||||||||||||||||||||||||
|
Net
income
|
$ | 264 | $ | 1,250 | $ | 1,199 | $ | 1,024 | $ | 985 | $ | 934 | ||||||||||||
|
Adjustments
for income or loss from equity investees of less than 100% owned
affiliates and the Company's equity in undistributed income (losses) of
less than 50% owned affiliates
|
- | - | - | - | - | - | ||||||||||||||||||
|
Income
taxes provision
|
195 | 482 | 488 | 571 | 602 | 574 | ||||||||||||||||||
|
Fixed
charges
|
191 | 817 | 860 | 889 | 801 | 589 | ||||||||||||||||||
|
Total
Earnings
|
$ | 650 | $ | 2,549 | $ | 2,547 | $ | 2,484 | $ | 2,388 | $ | 2,097 | ||||||||||||
|
Fixed
Charges:
|
||||||||||||||||||||||||
|
Interest
on short-term borrowings and long-term debt, net
|
$ | 173 | $ | 754 | $ | 794 | $ | 834 | $ | 770 | $ | 573 | ||||||||||||
|
Interest
on capital leases
|
5 | 19 | 22 | 23 | 11 | 1 | ||||||||||||||||||
|
AFUDC
debt
|
13 | 44 | 44 | 32 | 20 | 15 | ||||||||||||||||||
|
Earnings
required to cover the preferred stock dividend and preferred security
distribution requirements of majority owned trust
|
- | - | - | - | - | - | ||||||||||||||||||
|
Total
Fixed Charges
|
$ | 191 | $ | 817 | $ | 860 | $ | 889 | $ | 801 | $ | 589 | ||||||||||||
|
Ratios
of Earnings to
Fixed
Charges
|
3.40 | 3.12 | 2.96 | 2.79 | 2.98 | 3.56 | ||||||||||||||||||
|
Note: For
the purpose of computing Pacific Gas and Electric Company’s ratios of
earnings to fixed charges, “earnings” represent net income adjusted for
the income or loss from equity investees of less than 100% owned
affiliates, equity in undistributed income or losses of less than 50%
owned affiliates, income taxes and fixed charges (excluding capitalized
interest). “Fixed charges” include interest on long-term debt and
short-term borrowings (including a representative portion of rental
expense), amortization of bond premium, discount and expense, interest on
capital leases, AFUDC debt, and earnings required to cover the preferred
stock dividend requirements and preferred security distribution
requirements of majority-owned trust. Fixed charges exclude interest
on tax liabilities.
|
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