EX-12.01 9 a2058748zex-12_01.txt EXHIBIT 12.01 Exhibit 12.01 Questar Gas Company Ratio of Earnings to Fixed Charges
12 Months Ended Year Ended December 31, June 30, ------------------------------------------------------------------------------------- 1996 1997 1998 1999 2000 2001 ------------------------------------------------------------------------------------- Earnings Income before income taxes $42,434 $42,506 $41,224 $28,231 $37,052 $43,213 Plus debt expense 16,637 19,119 19,792 20,062 21,041 22,743 Plus allowance for borrowed funds used during construction 277 261 796 358 909 822 Plus interest portion of rental expense 187 193 648 647 722 743 ------------------------------------------------------------------------------------- $59,535 $62,079 $62,460 $49,298 $59,724 $67,521 ===================================================================================== Fixed Charges Debt expense $16,637 $19,119 $19,792 $20,062 $21,041 $22,743 Plus allowance for borrowed funds used during construction 277 261 796 358 909 822 Plus interest portion of rental expense 187 193 648 647 722 743 ------------------------------------------------------------------------------------- $17,101 $19,573 $21,236 $21,067 $22,672 $24,308 ===================================================================================== Ratio of Earnings to Fixed Charges (1) 3.48 3.17 2.94 2.34 2.63 2.78
(1) For the purposes of this presentation, earnings represent income before income taxes and fixed charges. Fixed charges consist of total interest charges, amortization of debt issuance costs and losses from requiring debt, and the interest portion of rental costs, estimated at 50% for the purpose of this calculation.