EX-12 6 ex12.htm EXHIBIT 12 ex12.htm
 
Exhibit 12
 
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES
 
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
       
       
   
Fiscal Year Ended September 30,
  
   
2010
  
2009
  
2008
  
2007
  
2006
  
(Thousands of Dollars)
                      
                                 
Income from continuing
    operations before interest
    charges and income taxes
  
$
107,986
  
$
126,517
  
$
113,228
  
$
101,867
  
$
100,080
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,825
    
1,833
    
1,691
    
1,485
    
1,291
  
        Total Earnings
  
$
109,811
  
$
128,350
  
$
114,919
  
$
103,352
  
$
101,371
  
                                 
Interest on long-term debt –
    Laclede Gas
  
$
24,583
  
$
24,583
  
$
19,851
  
$
22,502
  
$
22,329
  
Other Interest
    
2,269
    
5,163
    
9,626
    
11,432
    
10,555
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,825
    
1,833
    
1,691
    
1,485
    
1,291
  
        Total Fixed Charges
  
$
28,677
  
$
31,579
  
$
31,168
  
$
35,419
  
$
34,175
  
                                 
                                 
Ratio of Earnings to Fixed Charges
    
3.83
    
4.06
    
3.69
    
2.92
    
2.97
  
                                 
                                 
                                 

 
 




 
 
 
 


 
LACLEDE GAS COMPANY
 
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
       
       
   
Fiscal Year Ended September 30,
  
   
2010
  
2009
  
2008
  
2007
  
2006
  
(Thousands of Dollars)
                      
                                 
Income before interest
    charges and income taxes
  
$
84,727
  
$
77,395
  
$
84,684
  
$
80,134
  
$
72,077
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,820
    
1,833
    
1,691
    
1,485
    
1,291
  
        Total Earnings
  
$
86,547
  
$
79,228
  
$
86,375
  
$
81,619
  
$
73,368
  
                                 
Interest on long-term debt
  
$
24,583
  
$
24,583
  
$
19,851
  
$
22,502
  
$
22,329
  
Other Interest
    
2,269
    
5,770
    
10,363
    
11,101
    
10,236
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,820
    
1,833
    
1,691
    
1,485
    
1,291
  
        Total Fixed Charges
  
$
28,672
  
$
32,186
  
$
31,905
  
$
35,088
  
$
33,856
  
                                 
                                 
Ratio of Earnings to Fixed Charges
    
3.02
    
2.46
    
2.71
    
2.33
    
2.17