EX-12 8 0008.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 DOMINION RESOURCES, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (millions, except ratios)
Actual Proforma ------ -------- 6 months ended Proforma 6 months ended -------------- -------- -------------- 06/30/2000 CNG 1/1 -1/27 Adjustments 06/30/2000 ---------- ------------- ----------- ---------- Net Income $ 35.0 52.0 (21.4) $ 65.6 Distributed Income from unconsolidated investees. less equity in earnings thereof 3.4 (1.0) 2.4 Add: Income Taxes (1.0) 31.9 (7.9) 23 -------------------------------------------------------------- Total 37.4 82.9 (29.3) 91.0 -------------------------------------------------------------- Fixed Charges Interest charges 461.4 11.8 16.2 489.4 Estimated interest Factor of Rents Charged to Operating Expenses, Clearings, and Other Accounts 17.5 0.7 18.2 -------------------------------------------------------------- Total Fixed Charges 478.9 12.5 16.2 507.6 -------------------------------------------------------------- Earnings as Defined $ 516.3 $ 95.4 $ (13.1) $ 598.6 -------------------------------------------------------------- Ratio of Earnings to Fixed Charges 1.08 7.63 (0.81) 1.16 ==============================================================