EX-12 2 c99627exv12.htm STATEMENTS OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
COLUMBIA ENERGY GROUP
Statements of Ratio of Earnings to Fixed Charges
($ in millions)
                                                         
    Twelve Months     Twelve Months  
    Ended September 30,   Ended December 31,
    2005     2004     2004     2003     2002     2001     2000  
     
Consolidated Income from Continuing Operations before Income Taxes:
    575.3       626.8       643.7       727.8       662.3       453.7       455.9  
 
                                                       
Adjustments:
                                                       
Distributed (Undistributed) equity income
    0.1                   0.1       (2.5 )     2.2       (5.5 )
Fixed charges *
    111.2       100.3       103.2       91.6       124.4       165.9       190.5  
     
Earnings available
    686.6       727.1       746.9       819.5       784.2       621.8       640.9  
 
                                                       
*Fixed Charges:
                                                       
Interest on long-term and short-term debt
    106.3       94.9       97.9       85.8       117.9       161.4       172.0  
Portion of rentals representing interest
    4.9       5.4       5.3       5.8       6.5       4.5       18.5  
     
Total Fixed Charges
    111.2       100.3       103.2       91.6       124.4       165.9       190.5  
 
                                                       
Ratio of Earnings to Fixed Charges
    6.17       7.25       7.24       8.95       6.30       3.75       3.36  
     
Prior periods have been restated to reflect discontinued operations.