EX-12 8 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,
  
   
2012
  
2011
  
2010
  
2009
  
2008
  
(Thousands of Dollars)
                      
                                 
Income from continuing
    operations before interest
    charges and income taxes
  
$
113,875
  
$
118,424
  
$
107,986
  
$
126,517
  
$
113,228
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,591
    
1,799
    
1,825
    
1,833
    
1,691
  
        Total Earnings
  
$
115,466
  
$
120,223
  
$
109,811
  
$
128,350
  
$
114,919
  
                                 
Interest on long-term debt –
    Laclede Gas
  
$
22,958
  
$
23,161
  
$
24,583
  
$
24,583
  
$
19,851
  
Other Interest
    
1,988
    
2,256
    
2,269
    
5,163
    
9,626
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,591
    
1,799
    
1,825
    
1,833
    
1,691
  
        Total Fixed Charges
  
$
26,537
  
$
27,216
  
$
28,677
  
$
31,579
  
$
31,168
  
                                 
                                 
Ratio of Earnings to Fixed Charges
    
4.35
    
4.42
    
3.83
    
4.06
    
3.69