EX-12 3 a2106963zex-12.htm EX 12
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Exhibit No. 12.

Questar Gas Company
Ratio of Earnings to Fixed Charges

	Year ended December 31,
	2002		2001		2000
	(dollars in thousands)
Earnings
Income before income taxes	$	50,188	$	39,763	$	37,052
Plus debt expense		22,495		23,777		21,041
Plus allowance for borrowed funds used during construction		212		476		909
Plus interest portion of rental expense		770		734		721

	$	73,665	$	64,750	$	59,723

Fixed Charges
Debt expense	$	22,495	$	23,777	$	21,041
Plus allowance for borrowed funds used during construction		212		476		909
Plus interest portion of rental expense		770		734		721

	$	23,477	$	24,987	$	22,671

Ratio of Earnings to Fixed Charges(1)		3.14		2.59		2.63

(1): For 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.