EX-12 3 a2079898zex-12.txt EXHIBIT 12 Exhibit No. 12. Questar Pipeline Company and Subsidiaries Ratio of Earnings to Fixed Charges (Unaudited)
12 Months Ended March 31, 2002 2001 ------- ------- (Dollars in Thousands) Earnings Income before income taxes $46,523 $44,180 Plus debt expense 18,316 17,154 Plus allowance for borrowed funds used during construction 3,442 3,299 Plus interest portion of rental expense 376 363 ------- ------- $68,657 $64,996 ======= ======= Fixed Charges Debt expense $18,316 $17,154 Plus allowance for borrowed funds used during construction 3,442 3,299 Plus interest portion of rental expense 376 363 ------- ------- $22,134 $20,816 ======= ======= Ratio of Earnings to Fixed Charges (1) 3.10 3.12
(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.