EX-12.2 4 lgc-20140930xex122.htm EXHIBIT LGC -2014.09.30-EX12.2
Exhibit 12.2
LACLEDE GAS COMPANY

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
 
 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
September 30,
(Millions)
2014
 
2013
 
2012
 
2011
 
2010
 
2009
Income from continuing
     operations before interest
 
 
 
 
 
 
 
 
 
 
 
charges and income taxes
$
163.0

 
$
89.6

 
$
93.5

 
$
102.3

 
$
84.8

 
$
77.4

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
2.1

 
2.0

 
1.6

 
1.8

 
1.8

 
1.8

Total Earnings
$
165.1

 
$
91.6

 
$
95.1

 
$
104.1

 
$
86.6

 
$
79.2

 
 
 
 
 
 
 
 
 
 
 
 
Interest on long-term debt
$
34.4

 
$
24.9

 
$
22.9

 
$
23.1

 
$
24.6

 
$
24.6

Other interest
3.0

 
1.2

 
2.2

 
2.4

 
2.3

 
5.8

Add: One third of applicable
 
 
 
 
 
 
 
 
 
 
 
rentals charged to operating
 
 
 
 
 
 
 
 
 
 
 
expense (which approximates
 
 
 
 
 
 
 
 
 
 
 
the interest factor)
2.1

 
2.0

 
1.6

 
1.8

 
1.8

 
1.8

Total Fixed Charges
$
39.5

 
$
28.1

 
$
26.7

 
$
27.3

 
$
28.7

 
$
32.2

Ratio of Earnings to Fixed
 
 
 
 
 
 
 
 
 
 
 
Charges
4.18

 
3.26

 
3.56

 
3.81

 
3.02

 
2.46