EX-12 4 ex12.htm EXHIBIT 12 ex12.htm Exhibit 12
   
   
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES
 
   
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
       
       
   
Fiscal Year Ended September 30,
 
   
2009
   
2008
   
2007
   
2006
   
2005
 
(Thousands of Dollars)
                             
                               
Income from continuing                                         
    operations before interest
    charges and income taxes
  $ 126,517     $ 113,228     $ 101,867     $ 100,080     $ 78,676  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    1,833       1,691       1,485       1,291       938  
        Total Earnings
  $ 128,350     $ 114,919     $ 103,352     $ 101,371     $ 79,614  
                                         
Interest on long-term debt -                                          
    Laclede Gas
  $ 24,583     $ 19,851     $ 22,502     $ 22,329     $ 22,835  
Other Interest
    5,163       9,626       11,432       10,555       4,418  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    1,833       1,691       1,485       1,291       938  
        Total Fixed Charges
  $ 31,579     $ 31,168     $ 35,419     $ 34,175     $ 28,191  
                                         
                                         
Ratio of Earnings to Fixed Charges
    4.06       3.69       2.92       2.97       2.82

 




 
 
 
 


 
LACLEDE GAS COMPANY
 
   
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
       
       
   
Fiscal Year Ended September 30,
 
   
2009
   
2008
   
2007
   
2006
   
2005
 
(Thousands of Dollars)
                             
                               
Income before interest
    charges and income taxes
  $ 77,395     $ 84,684     $ 80,134     $ 72,077     $ 72,092  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    1,833       1,691       1,485       1,291       938  
        Total Earnings
  $ 79,228     $ 86,375     $ 81,619     $ 73,368     $ 73,030  
                                         
Interest on long-term debt
  $ 24,583     $ 19,851     $ 22,502     $ 22,329     $ 22,835  
Other Interest
    5,770       10,363       11,101       10,236       4,076  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    1,833       1,691       1,485       1,291       938  
        Total Fixed Charges
  $ 32,186     $ 31,905     $ 35,088     $ 33,856     $ 27,849  
                                         
                                         
Ratio of Earnings to Fixed Charges
    2.46       2.71       2.33       2.17       2.62