EX-12 3 w84027exv12.txt STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 COLUMBIA ENERGY GROUP AND SUBSIDIARIES Statements of Ratio of Earnings of Fixed Charges ($ in millions)
Twelve Months Ended December 31, --------------------------------------------- 2002 2001 2000 1999 1998 ------ ------ ------ ------ ------ Consolidated Income (Loss) from Continuing Operations before Income Taxes 727.6 491.2 465.6 556.1 461.1 Adjustments: Interest during construction (3.0) (2.2) (2.2) (2.8) (2.1) Distributed (Undistributed) equity income (2.5) 2.2 (5.5) (5.8) (0.4) Fixed charges 149.5 183.4 194.7 183.8 163.3 ------ ------ ------ ------ ------ Earnings Available 871.6 674.6 652.6 731.3 621.9 ------ ------ ------ ------ ------ Fixed Charges: Interest on long-term and short-term debt 121.7 175.5 174.0 167.8 146.8 Portion of rentals representing interest 27.8 7.9 20.7 16.0 16.5 ------ ------ ------ ------ ------ Total Fixed Charges 149.5 183.4 194.7 183.8 163.3 ------ ------ ------ ------ ------ Ratio of Earnings to Fixed Charges 5.83 3.68 3.35 3.98 3.81 ====== ====== ====== ====== ======
Prior periods have been restated to reflect discontinued operations.