EX-12 2 exhibit12.htm COMPUTATION OF RATIOS

Exhibit 12

SOUTHWEST GAS CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Thousands of dollars)


For the Twelve Months Ended
Mar 31, December 31,
2005
2004
2003
2002
2001
2000
1. Fixed charges:              
    A) Interest expense  $  85,225   $  84,138   $  78,724   $  79,586   $  80,139   $  70,659  
    B) Amortization  3,287   3,059   2,752   2,278   1,886   1,564  
    C) Interest portion of rentals  6,488   6,779   6,665   8,846   9,346   8,572  
    D) Preferred securities distributions  --   --   4,015   5,475   5,475   5,475  






      Total fixed charges  $  95,000   $  93,976   $  92,156   $  96,185   $  96,846   $  86,270  






2. Earnings (as defined): 
    E) Pretax income from 
      continuing operations  $  74,018   $  87,012   $  55,384   $  65,382   $  56,741   $  51,939  
    Fixed Charges (1. above)  95,000   93,976   92,156   96,185   96,846   86,270  






      Total earnings as defined  $169,018   $180,988   $147,540   $161,567   $153,587   $138,209  






   1.78   1.93   1.60   1.68   1.59   1.60