EX-12 3 w55487ex12.txt STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES COLUMBIA ENERGY GROUP AND SUBSIDIARIES Statements of Ratio of Earnings to Fixed Charges ($ in millions) EXHIBIT 12
Twelve Months Ended September 30, --------------------------- 2001 2000 ---------------------------------------------------------------------------------------------------------- Consolidated Income (Loss) from Continuing Operations Before Income Taxes: 315.6 636.7 ADJUSTMENTS: Interest during construction (2.6) (2.0) Distributed (Undistributed) equity income 1.8 (7.1) Fixed charges * 170.8 206.8 ---------------------------------------------------------------------------------------------------------- Earnings available 485.6 834.4 FIXED CHARGES: Interest on long-term and short-term debt 132.8 158.9 Other interest 24.1 31.7 Portion of rentals representing interest 13.9 16.2 ---------------------------------------------------------------------------------------------------------- Total Fixed Charges 170.8 206.8 RATIO OF EARNINGS TO FIXED CHARGES 2.84 4.03 ==========================================================================================================
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 24