EX-12 4 exhibit12.htm EXHIBIT 12 exhibit12.htm

Exhibit 12
LACLEDE GAS COMPANY
 
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
       
       
   
Fiscal Year Ended September 30,
  
   
2012
  
2011
  
2010
  
2009
  
2008
  
(Thousands of Dollars)
                      
                                 
Income before interest
    charges and income taxes
  
$
93,515
  
$
102,317
  
$
84,727
  
$
77,395
  
$
84,684
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,569
    
1,780
    
1,820
    
1,833
    
1,691
  
        Total Earnings
  
$
95,084
  
$
104,097
  
$
86,547
  
$
79,228
  
$
86,375
  
                                 
Interest on long-term debt
  
$
22,958
  
$
23,161
  
$
24,583
  
$
24,583
  
$
19,851
  
Other Interest
    
2,198
    
2,383
    
2,269
    
5,770
    
10,363
  
Add: One third of applicable
    rentals charged to operating
    expense (which approximates
    the interest factor)
    
1,569
    
1,780
    
1,820
    
1,833
    
1,691
  
        Total Fixed Charges
  
$
26,725
  
$
27,324
  
$
28,672
  
$
32,186
  
$
31,905
  
                                 
                                 
Ratio of Earnings to Fixed Charges
    
3.56
    
3.81
    
3.02
    
2.46
    
2.71