EX-12 3 a2074973zex-12.txt EXHIBIT 12 Exhibit 12 Questar Gas Company Ratio of Earnings to Fixed Charges
Year Ended December 31, 2001 2000 1999 ----------------------------------------------- (Dollars in Thousands) Earnings Income before income taxes $39,763 $37,052 $28,231 Plus debt expense 23,777 21,041 20,062 Plus allowance for borrowed funds used during construction 476 909 358 Plus interest portion of rental expense 734 721 647 ----------------------------------------------- $64,750 $59,723 $49,298 =============================================== Fixed Charges Debt expense $23,777 $21,041 $20,062 Plus allowance for borrowed funds used during construction 476 909 358 Plus interest portion of rental expense 734 721 647 ----------------------------------------------- $24,987 $22,671 $21,067 =============================================== Ratio of Earnings to Fixed Charges (1) 2.59 2.63 2.34
(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 reacquiring debt, and the interest portion of rental costs, estimated at 50% for the purpose of this calculation.