EXHIBIT 12.1

PACIFIC ENTERPRISES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

|                                                                          | 1996
------ | 1997
------ | 1998
------ | 1999
------ | 2000
------ | For the three months ended March 31, 2001
------
|------------------------------------------------------------------------- | ----------- | ----------- | ----------- | ----------- | ----------- | ------------------------------------------------
|Fixed Charges and Preferred Stock Dividends:                              |             |             |             |             |             |                                                 
|Interest                                                                  | $99         | $91         | $84         | $82         | $72         | $18                                             
|Interest Portion of Annual Rentals                                        | 12          | 12          | 11          | 3           | 4           | 1                                               
|Preferred dividends of subsidiary (1)                                     | 14
------   | 13
------   | 2
------    | 2
------    | 2
------    | 2
------                                        
|Total Fixed Charges and Preferred Stock For Purpose of Ratio              | $125
====== | $116
====== | $97
======  | $87
======  | $78
======  | $21
======                                      
|Earnings:                                                                 |             |             |             |             |             |                                                 
|Pretax income from continuing operations                                  | $354        | $335        | $274        | $350        | $396        | $94                                             
|Add:                                                                      |             |             |             |             |             |                                                 
|Fixed charges (from above)                                                | 125         | 116         | 97          | 87          | 78          | 21                                              
|Less: Fixed charges capitalized                                           | 2
------    | 1
------    | 1
------    | 2
------    | 2
------    | 1
------                                        
|Fixed charges net of capitalized charges                                  | 123
------  | 115
------  | 96
------   | 85
------   | 76
------   | 20
------                                       
|Total Earnings for Purpose of Ratio                                       | $477
====== | $450
====== | $370
====== | $435
====== | $472
====== | $114
======                                     
|Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 3.82
====== | 3.89
====== | 3.82
====== | 5.00
====== | 6.05
====== | 5.43
======                                     

(1)  In computing this ratio, "Preferred dividends of subsidiaries" represents the before-tax earnings necessary to pay such dividends, computed at the effective tax rates for the applicable periods.