EX-12.2 3 lgc-20150930xex122.htm EXHIBIT 12.2 Exhibit
Exhibit 12.2
LACLEDE GAS COMPANY

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
September 30,
(Dollars in millions)
2015
 
2014
 
2013
 
2012
 
2011
Income from continuing operations before
    interest charges and income taxes
$
184.8

 
$
163.0

 
$
89.6

 
$
93.5

 
$
102.3

Add: One third of applicable rentals
   charged to operating expense
   (which approximates the interest factor)
3.3

 
2.1

 
2.0

 
1.6

 
1.8

Total Earnings
$
188.1

 
$
165.1

 
$
91.6

 
$
95.1

 
$
104.1

 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
33.1

 
$
34.4

 
$
24.9

 
$
22.9

 
$
23.1

Other interest
3.3

 
3.0

 
1.2

 
2.2

 
2.4

Add: One third of applicable rentals
charged to operating expense
(which approximates the interest factor)
3.3

 
2.1

 
2.0

 
1.6

 
1.8

Total Fixed Charges
$
39.7

 
$
39.5

 
$
28.1

 
$
26.7

 
$
27.3

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.74

 
4.18

 
3.26

 
3.56

 
3.81