Attached files

file filename
EX-31 - EXHIBIT 31.3 - SEMPRA ENERGYsdge_martin313qtr.htm
10-Q - FORM 10-Q - SEMPRA ENERGYsre10q09302015.htm
EX-12 - EXHIBIT 12.1 - SEMPRA ENERGYsempraex121.htm
EX-12 - EXHIBIT 12.3 - SEMPRA ENERGYscgex123.htm
EX-31 - EXHIBIT 31.1 - SEMPRA ENERGYsempra_dreed311qtr.htm
EX-31 - EXHIBIT 31.2 - SEMPRA ENERGYsempra_householder312qtr.htm
EX-31 - EXHIBIT 31.4 - SEMPRA ENERGYsdge_folkmann314qtr.htm
EX-31 - EXHIBIT 31.5 - SEMPRA ENERGYscg_arriola315qtr.htm
EX-31 - EXHIBIT 31.6 - SEMPRA ENERGYscg_folkmann316qtr.htm
EX-32 - EXHIBIT 32.1 - SEMPRA ENERGYsempra_dreed321qtr.htm
EX-32 - EXHIBIT 32.2 - SEMPRA ENERGYsempra_householder322qtr.htm
EX-32 - EXHIBIT 32.3 - SEMPRA ENERGYsdge_martin323qtr.htm
EX-32 - EXHIBIT 32.4 - SEMPRA ENERGYsdge_folkmann324qtr.htm
EX-32 - EXHIBIT 32.5 - SEMPRA ENERGYscg_arriola325qtr.htm
EX-32 - EXHIBIT 32.6 - SEMPRA ENERGYscg_folkmann326qtr.htm
10-Q - FORM 10-Q PDF (COURTESY COPY) - SEMPRA ENERGYsre10q09302015.pdf




 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXHIBIT 12.2

SAN DIEGO GAS & ELECTRIC COMPANY

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 September 30,

 

 

 

2010

 

 

2011

 

 

2012

 

 

2013

 

 

2014

 

 

2015

Fixed charges and preferred stock dividends:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

153

 

$

193

 

$

220

 

$

231

 

$

238

 

$

182

Interest portion of annual rentals

 

 

1

 

 

1

 

 

1

 

 

1

 

 

1

 

 

1

Total fixed charges

 

 

154

 

 

194

 

 

221

 

 

232

 

 

239

 

 

183

Preferred stock dividends (1)

 

 

7

 

 

7

 

 

7

 

 

5

 

 

-

 

 

-

Combined fixed charges and preferred stock dividends for purpose of ratio

 

$

161

 

$

201

 

$

228

 

$

237

 

$

239

 

$

183

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

531

 

$

692

 

$

705

 

$

626

 

$

797

 

$

680

Add: Total fixed charges (from above)

 

 

154

 

 

194

 

 

221

 

 

232

 

 

239

 

 

183

Less: Interest capitalized

 

 

1

 

 

1

 

 

-

 

 

-

 

 

1

 

 

-

Total earnings for purpose of ratio

 

$

684

 

$

885

 

$

926

 

$

858

 

$

1,035

 

$

863

Ratio of earnings to combined fixed charges and preferred stock dividends

 

 

4.25

 

 

4.40

 

 

4.06

 

 

3.62

 

 

4.33

 

 

4.72

Ratio of earnings to fixed charges

 

 

4.44

 

 

4.56

 

 

4.19

 

 

3.70

 

 

4.33

 

 

4.72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

In computing this ratio, “Preferred stock dividends” represents the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods.