EX-12.3 5 d-ex123_678.htm EX-12.3 d-ex123_678.htm

Exhibit 12.3

 

Dominion Energy Gas Holdings, LLC

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

 

Six Months
Ended June 30,
2017

 

 

Twelve Months
Ended June 30,
2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

Earnings, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax expense

 

$

287

 

 

$

563

 

 

$

607

 

 

$

740

 

 

$

846

 

 

$

762

 

 

$

747

 

Distributed income from unconsolidated investees, less equity in earnings

 

 

 

 

 

(2

)

 

 

 

 

 

(3

)

 

 

(1

)

 

 

(2

)

 

 

2

 

Fixed charges included in income

 

 

57

 

 

 

114

 

 

 

109

 

 

 

86

 

 

 

39

 

 

 

43

 

 

 

65

 

Total earnings, as defined

$

344

 

 

$

675

 

 

$

716

 

 

$

823

 

 

$

884

 

 

$

803

 

 

$

814

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as defined:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

$

51

 

 

$

102

 

 

$

97

 

 

$

74

 

 

$

28

 

 

$

30

 

 

$

51

 

Rental interest factor

 

 

6

 

 

 

12

 

 

 

12

 

 

 

12

 

 

 

11

 

 

 

13

 

 

 

14

 

Total fixed charges, as defined

$

57

 

 

$

114

 

 

$

109

 

 

$

86

 

 

$

39

 

 

$

43

 

 

$

65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

6.04

 

 

 

5.92

 

 

 

6.57

 

 

 

9.57

 

 

 

22.67

 

 

 

18.67

 

 

 

12.52