EX-12 2 w46879ex12.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 Ended December 31, --------------------------------------------------- 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- Consolidated Income (Loss) from Continuing Operations before Income Taxes 485.0 565.9 461.1 397.0 325.8 Adjustments: Interest during construction (2.2) (2.8) (2.1) (3.0) (1.1) Distributed (Undistributed) equity income (5.5) (5.8) (0.4) 3.6 1.5 Fixed charges * 192.8 183.8 163.3 180.5 183.7 ----- ----- ----- ----- ----- Earnings Available 670.1 741.1 621.9 578.1 509.9 ----- ----- ----- ----- ----- Fixed Charges: Interest on long-term and short-term debt 154.3 152.9 145.4 145.6 150.8 Other interest 18.3 14.9 1.4 15.2 13.5 Portion of rentals representing interest 20.2 16.0 16.5 19.7 19.4 ----- ----- ----- ----- ----- Total Fixed Charges ** 192.8 183.8 163.3 180.5 183.7 ----- ----- ----- ----- ----- Ratio of Earnings to Fixed Charges 3.48 4.03 3.81 3.20 2.78 ===== ===== ===== ===== =====
Prior periods have been restated to reflect discontinued operations. * Amounts for the twelve months ended December 31, 1996 through December 31, 1999 have been restated to conform to 2000 presentation.