EX-12 3 a2063497zex-12.txt EXHIBIT 12 Exhibit No. 12. Questar Pipeline Company and Subsidiaries Ratio of Earnings to Fixed Charges (Unaudited)
12 months ended September 30, 2001 2000 -------- -------- (Dollars in Thousands) Earnings Income (loss) before income taxes $ 45,041 ($ 9,682) Plus debt expense 16,022 18,250 Plus allowance for borrowed funds used during construction 3,338 3,084 Plus interest portion of rental expense 373 314 -------- -------- $ 64,774 $ 11,966 ======== ======== Fixed Charges Debt expense $ 16,022 $ 18,250 Plus allowance for borrowed funds used during construction 3,338 3,084 Plus interest portion of rental expense 373 314 -------- -------- $ 19,733 $ 21,648 ======== ======== Ratio of Earnings to Fixed Charges (1) 3.28 0.55
(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.