Form: S-3

Registration statement for specified transactions by certain issuers

August 23, 2006

 

EXHIBIT 12
California Water Service Group
Computation of Ratios of Earnings to Fixed Charges
including Preferred Stock Dividends
In thousands except ratios
                                                         
    Three months     Six months                    
    ended     ended     Year ended December 31,              
    June 30, 2006     June 30, 2006     2005     2004     2003     2002     2001  
     
Earnings (1):
                                                       
Income before income tax expense
    9,760       11,138       47,229       43,111       32,315       31,641       24,693  
Fixed charges expensed and capitalized
    5,021       9,770       18,790       18,833       19,682       18,491       17,113  
Capitalized interest
    -625       -850       -900       -824       -1,995       -1,473       -858  
Preferred dividend requirement
    -38       -76       -153       -153       -153       -153       -153  
     
 
    14,118       19,982       64,967       60,967       49,849       48,507       40,795  
     
 
                                                       
Fixed Charges:
                                                       
Interest expensed and capitalized, and amortization of capitalized expense related to indebtedness
    4,970       9,667       18,600       18,664       19,512       18,314       16,888  
Estimated interest component of rent expense
    13       27       38       16       17       24       72  
Preferred dividend requirement
    38       76       153       153       153       153       153  
     
 
    5,021       9,770       18,790       18,833       19,682       18,491       17,113  
     
 
                                                       
Ratio of earnings to fixed charges including preferred stock dividends
    2.81       2.05       3.46       3.24       2.53       2.62       2.38  
 
(1)   As defined by Item 503(d) of Regulation S-K