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