EX-12 3 w52066ex12.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 June 30, Ended December 31, ---------------- ------------------------------------------ 2001 2000 2000 1999 1998 1997 1996 ------------------------------------------------------------------ ------------------------------------------ CONSOLIDATED INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES: 397.0 630.7 485.0 565.9 461.1 397.0 325.8 ADJUSTMENTS: Interest during construction (2.6) (2.3) (2.2) (2.8) (2.1) (3.0) (1.1) Distributed (Undistributed) equity income (4.8) (6.9) (5.5) (5.8) (0.4) 3.6 1.5 Fixed charges * 183.5 198.8 192.8 183.8 163.3 180.5 183.7 ------------------------------------------------------------------ ------------------------------------------ Earnings available 573.1 820.3 670.1 741.1 621.9 578.1 509.9 FIXED CHARGES: Interest on long-term and short-term debt 142.7 158.1 154.3 152.9 145.4 145.6 150.8 Other interest 24.9 24.5 18.3 14.9 1.4 15.2 13.5 Portion of rentals representing interest 15.9 16.2 20.2 16.0 16.5 19.7 19.4 ------------------------------------------------------------------ ------------------------------------------ Total Fixed Charges 183.5 198.8 192.8 183.8 163.3 180.5 183.7 RATIO OF EARNINGS TO FIXED CHARGES 3.12 4.13 3.48 4.03 3.81 3.20 2.78 ================================================================== ==========================================
Prior periods have been restated to reflect discontinued operations. 29