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EX-32 - EXHIBIT 32.5 - SEMPRA ENERGYscg_arriola325qtr.htm
EX-10 - EXHIBIT 10.1 - SEMPRA ENERGYexhibit101.htm
10-Q - FORM 10-Q - SEMPRA ENERGYsre10q03312016.htm
EX-12 - EXHIBIT 12.1 - SEMPRA ENERGYsempraexhibit121.htm
EX-12 - EXHIBIT 12.2 - SEMPRA ENERGYsdgeexhibit122.htm
EX-31 - EXHIBIT 31.1 - SEMPRA ENERGYsempra_dreed311qtr.htm
EX-31 - EXHIBIT 31.2 - SEMPRA ENERGYsempra_householder312qtr.htm
EX-31 - EXHIBIT 31.3 - SEMPRA ENERGYsdge_martin313qtr.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 32.6 - SEMPRA ENERGYscg_folkmann326qtr.htm
10-Q - FORM 10-Q (PDF COURTESY COPY) - SEMPRA ENERGYsre10q03312016.pdf

EXHIBIT 12.3

 

 

SOUTHERN CALIFORNIA GAS COMPANY

 

 

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

 

 

AND PREFERRED STOCK DIVIDENDS

 

 

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

 

2011

 

 

2012

 

 

2013

 

 

2014

 

 

2015

 

 

2016

Fixed charges and preferred stock dividends:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

77

 

$

77

 

$

76

 

$

77

 

$

96

 

$

26

Interest portion of annual rentals

 

 

1

 

 

1

 

 

1

 

 

2

 

 

1

 

 

-

Total fixed charges

 

 

78

 

 

78

 

 

77

 

 

79

 

 

97

 

 

26

Preferred stock dividends (1)

 

 

2

 

 

2

 

 

2

 

 

2

 

 

2

 

 

-

Combined fixed charges and preferred

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    stock dividends for purpose of ratio

 

$

80

 

$

80

 

$

79

 

$

81

 

$

99

 

$

26

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

 

$

431

 

$

369

 

$

481

 

$

472

 

$

558

 

$

282

Add: Total fixed charges (from above)

 

 

78

 

 

78

 

 

77

 

 

79

 

 

97

 

 

26

Less: Interest capitalized

 

 

1

 

 

1

 

 

1

 

 

1

 

 

1

 

 

-

Total earnings for purpose of ratio

 

$

508

 

$

446

 

$

557

 

$

550

 

$

654

 

$

308

Ratio of earnings to combined fixed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    charges and preferred stock dividends

 

 

6.35

 

 

5.58

 

 

7.05

 

 

6.79

 

 

6.61

 

 

11.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

6.51

 

 

5.72

 

 

7.23

 

 

6.96

 

 

6.74

 

 

11.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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.