Exhibit 12

EL PASO CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN MILLIONS)

	For the Nine Months ended September 30,
	2008			2007
Earnings
Pre-tax income  from continuing operations	$	1,305		$	427
Minority interests in consolidated subsidiaries		23			1
Income from equity investees		(141	)		(75	)
Pre-tax income  from continuing operations before adjustment for minority interests in consolidated subsidiaries and income  from equity investees		1,187			353
Fixed charges		717			801
Distributed income of equity investees		129			156
Capitalized interest		(33	)		(37	)
Preferred returns on consolidated subsidiaries		—			(1	)
Total earnings available for fixed charges	$	2,000		$	1,272
Fixed charges
Interest and debt expense	$	708		$	789
Interest component of rent		9			11
Preferred returns on consolidated subsidiaries		—			1
Total fixed charges	$	717		$	801
Ratio of earnings to fixed charges		2.79			1.59
Fixed charges
Interest and debt expense	$	708		$	789
Interest component of rent		9			11
Preferred returns on consolidated subsidiaries		—			1
Preferred stock dividend of parent		42			43
Total fixed charges and preferred stock dividend	$	759		$	844
Ratio of earnings to combined fixed charges and preferred stock dividends		2.64			1.51

For purposes of computing these ratios, earnings means pre-tax income from continuing operations before:

- minority interests in consolidated subsidiaries;

- income or loss from equity investees, adjusted to reflect actual distributions from equity investments; and

- fixed charges;

less:

- capitalized interest; and

- preferred returns on consolidated subsidiaries.

Fixed charges means the sum of the following:

- interest costs, not including interest on tax liabilities which is included in income tax expense our income statement

- amortization of debt costs

- that portion of rental expense which we believe represents an interest factor; and

- preferred stock dividends and preferred returns on consolidated subsidiaries.