EX-12 4 w41722ex12.txt STATEMENTS OF RATIO OF EARNINGS TO FIXED CHARGES 1
Exhibit 12 COLUMBIA ENERGY GROUP AND SUBSIDIARIES Statements of Ratio of Earnings to Fixed Charges ($ in millions) Twelve Months Twelve Months Ended September 30, Ended December 31, ------------------- ------------------ 2000 1999 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- ---- ---- Consolidated Income (Loss) from Continuing Operations before Income Taxes 636.7 490.5 565.9 461.1 397.0 325.8 (650.5) Adjustments: Interest during construction (2.0) (3.0) (2.8) (2.1) (3.0) (1.1) (20.2) Distributed (Undistributed) equity income (7.1) (3.0) (5.8) (0.4) 3.6 1.5 (7.9) Fixed charges* 206.8 164.3 183.8 163.3 180.5 183.7 1,061.3 ------- ------- ------- ------- ------- ------- ------- Earnings Available 834.4 648.8 741.1 621.9 578.1 509.9 382.7 ------- ------- ------- ------- ------- ------- ------- Fixed Charges: Interest on long-term and short-term debt 158.9 146.3 152.9 145.4 145.6 150.8 987.2 Other interest 31.7 1.9 14.9 1.4 15.2 13.5 53.6 Portion of rentals representing interest 16.2 16.1 16.0 16.5 19.7 19.4 20.5 ------- ------- ------- ------- ------- ------- ------- Total Fixed Charges 206.8 164.3 183.8 163.3 180.5 183.7 1,061.3** ------- ------- ------- ------- ------- ------- ------- Ratio of Earnings to Fixed Charges 4.03 3.95 4.03 3.81 3.20 2.78 N/A (a) ======= ======= ======= ======= ======= ======= =======
Prior periods have been restated to reflect discontinued operations. (a) To achieve a one-to-one coverage, the Corporation would need an additional $678.6 million of earnings for the twelve months ended December 31, 1995. * Amounts for the twelve months ended December 31, 1995 through December 31, 1999 have been restated to conform to 2000 presentation. ** This amount includes interest expense of $982.9 million including the write-off of unamortized discounts on debentures recorded in 1995.