EX-12 2 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,
  
   
2011
  
2010
  
2009
  
2008
  
2007
  
(Thousands of Dollars)
                      
                                 
Income from continuing
    operations before interest
    charges and income taxes
  
$
118,424
  
$
107,986
  
$
126,517
  
$
113,228
  
$
101,867
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,799
    
1,825
    
1,833
    
1,691
    
1,485
  
        Total Earnings
  
$
120,223
  
$
109,811
  
$
128,350
  
$
114,919
  
$
103,352
  
                                 
Interest on long-term debt –
    Laclede Gas
  
$
23,161
  
$
24,583
  
$
24,583
  
$
19,851
  
$
22,502
  
Other Interest
    
2,256
    
2,269
    
5,163
    
9,626
    
11,432
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,799
    
1,825
    
1,833
    
1,691
    
1,485
  
        Total Fixed Charges
  
$
27,216
  
$
28,677
  
$
31,579
  
$
31,168
  
$
35,419
  
                                 
                                 
Ratio of Earnings to Fixed Charges
    
4.42
    
3.83
    
4.06
    
3.69
    
2.92