EX-12.1 3 ex12.htm STATEMENT SETTING FORTH COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES ex12.htm
 
Exhibit 12.1
 
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES
 
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
       
       
   
Fiscal Year Ended September 30,
  
   
2008
  
2007
  
2006
  
2005
  
2004
  
(Thousands of Dollars)
                      
                                 
Income from continuing
    operations before interest
    charges and income taxes
  
$
113,228
  
$
101,867
  
$
100,080
  
$
78,676
  
$
78,604
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,691
    
1,485
    
1,291
    
938
    
538
  
        Total Earnings
  
$
114,919
  
$
103,352
  
$
101,371
  
$
79,614
  
$
79,142
  
                                 
Interest on long-term debt –
    Laclede Gas
  
$
19,851
  
$
22,502
  
$
22,329
  
$
22,835
  
$
22,010
  
Other Interest
    
9,626
    
11,432
    
10,555
    
4,418
    
3,511
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,691
    
1,485
    
1,291
    
938
    
538
  
        Total Fixed Charges
  
$
31,168
  
$
35,419
  
$
34,175
  
$
28,191
  
$
26,059
  
                                 
                                 
Ratio of Earnings to Fixed Charges
    
3.69
    
2.92
    
2.97
    
2.82
    
3.04