EX-12 2 wpz_20140930xex12.htm EX-12 WPZ_2014.09.30_EX12


Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
 
 
Nine months ended
 
September 30, 2014
 
(Millions)
Earnings:
 
Income before income taxes
$
826

Less: Equity earnings
(91
)
Income before income taxes and equity earnings
735

Add:
 
Fixed charges:
 
Interest incurred
428

Rental expense representative of interest factor
7

Total fixed charges
435

Distributed income of equity-method investees
167

Less:
 
Interest capitalized
(86
)
Total earnings as adjusted
$
1,251

Fixed charges
$
435

Ratio of earnings to fixed charges
2.88