EX-12 6 0006.txt EXHIBIT 12 EXHIBIT (12) NORTHWEST NATURAL GAS COMPANY Computation of Ratio of Earnings to Fixed Charges January 1, 1996 - December 31, 2000 (Thousands, except ratio amounts) (Unaudited)
Year Ended December 31 ------------------------------------------------------------------ 1996 1997 1998 1999 2000 ---- ---- ---- ---- ---- Fixed Charges, as Defined: Interest on Long-Term Debt $ 23,176 $ 24,904 $ 27,389 $ 27,728 $ 29,987 Other Interest 3,448 4,500 4,909 2,778 3,628 Amortization of Debt Discount and Expense 865 730 714 699 735 Interest Portion of Rentals 1,798 2,111 1,986 1,707 1,628 ---------- ---------- ---------- ---------- ---------- Total Fixed Charges, as defined $ 29,287 $ 32,245 $ 34,998 $ 32,912 $ 35,978 ========== ========== ========== ========== ========== Earnings, as Defined: Net Income $ 46,793 $ 43,059 $ 27,301 $ 45,296 $ 50,224 Taxes on Income 27,347 21,034 14,604 24,591 26,829 Fixed Charges, as above 29,287 32,245 34,998 32,912 35,978 ---------- ---------- ---------- ---------- ---------- Total Earnings, as defined $ 103,427 $ 96,338 $ 76,903 $ 102,799 $ 113,031 ========== ========== ========== ========== ========== Ratio of Earnings to Fixed Charges 3.53 2.99 2.20 3.12 3.14 ========== ========== ========== ========== ==========