Attached files

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EXCEL - IDEA: XBRL DOCUMENT - PG&E CorpFinancial_Report.xls
EX-10.01 - PRUETT SEPARATION AGREEMENT - PG&E Corpex10-1.htm
EX-10.02 - BOTTORFF SEPARATION AGREEMENT - PG&E Corpex1002.htm
EX-10.03 - MALNIGHT AGREEMENT - PG&E Corpex1003.htm
EX-31.02 - CERTIFICATIONS OF THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER OF PACIFIC GAS AND ELECTRIC COMPANYREQUIRED BY SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - PG&E Corpex3102.htm
EX-31.01 - CERTIFICATIONS OF THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER OF PG&E CORPORATION REQUIRED BY SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - PG&E Corpex3101.htm
EX-32.01 - CERTIFICATIONS OF THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER OF PG&E CORPORATION REQUIRED BY SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - PG&E Corpex3201.htm
EX-12.01 - PACIFIC GAS AND ELECTRIC COMPANY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - PG&E Corpexhibit12_1.htm
EX-32.02 - CERTIFICATIONS OF THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER OF PACIFIC GAS AND ELECTRIC COMPANY REQUIRED BY SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - PG&E Corpex3202.htm
10-Q - FORM 10-Q - PG&E Corpform10-q.htm
EX-12.02 - PACIFIC GAS AND ELECTRIC COMPANY COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS - PG&E Corpexhibit12_2.htm

EXHIBIT 12.3
PG&E CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

   
Nine Months Ended
September 30,
   
Year Ended December 31,
 
(in millions)
 
2014
   
2013
   
2012
   
2011
   
2010
   
2009
 
Earnings:
                                   
Net income
  $ 1,315     $ 828     $ 830     $ 858     $ 1,113     $ 1,234  
Income tax provision
    310       268       237       440       547       460  
Fixed charges
    879       1,012       931       919       850       877  
Pre-tax earnings required to cover
                                               
the preferred stock dividend of
                                               
consolidated subsidiaries
    (11 )     (16 )     (15 )     (17 )     (16 )     (16 )
Total earnings
  $ 2,493     $ 2,092     $ 1,983     $ 2,200     $ 2,494     $ 2,555  
Fixed charges:
                                               
Interest on short-term borrowings
                                               
and long-term debt, net
  $ 832     $ 942     $ 859     $ 846     $ 766     $ 798  
Interest on capital leases
    4       7       9       16       18       19  
AFUDC debt
    32       47       48       40       50       44  
Pre-tax earnings required to cover
                                               
    the preferred stock dividend of
                                               
consolidated subsidiaries
    11       16       15       17       16       16  
Total fixed charges
  $ 879     $ 1,012     $ 931     $ 919     $ 850     $ 877  
Ratios of earnings to fixed charges
    2.84       2.07       2.13       2.39       2.93       2.91  
 
Note:
For the purpose of computing PG&E Corporation's ratios of earnings to fixed charges, “earnings” represent income from continuing operations adjusted for income taxes, fixed charges (excluding capitalized interest), and pre-tax earnings required to cover the preferred stock dividend of consolidated subsidiaries.   “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 preferred stock dividends of consolidated subsidiaries.  Fixed charges exclude interest on tax liabilities.