EX-12.1 5 ex12_1.htm STATEMENT OF COMPUTATION ex12_1.htm

 
Exhibit 12.01

Statement of Computation of Ratio of Earnings to Fixed Charges

Questar Pipeline Company
Ratio of Earnings to Fixed Charges

 
6 Months Ended
June 30,
Year Ended December 31,
 
2009
2008
2008
2007
2006
2005
2004
 
(dollars in millions)
Earnings 
             
Income before income taxes
$46.9
$45.0
$91.4
$71.1
$72.7
$41.4
$48.3
Plus interest expense
14.8
16.3
32.7
21.7
23.8
22.4
22.7
Plus allowance for borrowed funds used during
    construction
0.3
0.5
0.4
7.3
0.4
0.9
0.1
Plus distributions from unconsolidated affiliates
0.6
           
Less income from unconsolidated affiliates
(1.9)
 
(0.6)
       
Plus interest portion of rental expense
0.9
0.5
1.7
1.2
0.7
0.6
1.0
 
$61.6
$62.3
$125.6
$101.9
$97.6
$65.3
$72.1
               
Fixed Charges 
             
Interest expense 
$14.8
$16.3
$32.7
$21.7
$23.8
$22.4
$22.7
Plus allowance for borrowed funds used during
  construction 
0.3
0.5
0.4
7.3
0.4
0.9
0.1
Plus interest portion of rental expense 
0.9
0.5
1.7
1.2
0.7
0.6
1.0
 
$16.0
$17.3
$34.8
$30.2
$24.9
$23.9
$23.8
               
Ratio of Earnings to Fixed Charges 
3.9
3.6
3.6
3.4
3.9
2.7
3.0
 
For purposes of this presentation, earnings represent income before income taxes adjusted for fixed charges, earnings and distributions of unconsolidated affiliates.  Fixed charges consist of total interest charges (expensed and capitalized), amortization of debt issuance costs and the losses from reacquired debt, and the interest portion of rental expense estimated at 50%.