EX-12.2 3 str123112ex122.htm EXHIBIT 12.2 STR 12.31.12 EX 12.2


Exhibit 12.2

Questar Gas Company
Ratio of Earnings to Fixed Charges

 
12 Months Ended December 31,
 
2012
 
2011
 
2010
 
(dollars in millions)
Earnings
 
 
 
 
 
Income before income taxes
$
74.3

 
$
73.6

 
$
69.1

Add (deduct):
 
 
 
 
 
Fixed charges
24.4

 
26.6

 
27.7

Capitalized interest
(0.1
)
 
(0.1
)
 
(0.2
)
Total Earnings
$
98.6

 
$
100.1

 
$
96.6

 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
Interest expense
$
24.1

 
$
25.9

 
$
26.2

Capitalized interest
0.1

 
0.1

 
0.2

Estimate of interest within rental expense
0.2

 
0.6

 
1.3

Total Fixed Charges
$
24.4

 
$
26.6

 
$
27.7

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.0

 
3.8

 
3.5


For purposes of this presentation, earnings represent income before income taxes adjusted for fixed charges. Fixed charges consist of total interest charges (expensed and capitalized), amortization of debt issuance costs and losses from reacquired debt, and the interest portion of rental expense estimated at 50%.