EX-12 2 ratioofearningstofixedchar.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges 3.31.14


 
 
 
Exhibit 12

 
 
 
 
EL PASO PIPELINE PARTNERS, L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions, Except For Ratio)
 
Three Months Ended March 31,
 
2014
 
2013
 
 
Earnings:
 
Pre-tax income from continuing operations before adjustment for equity earnings per statements of income
$
170

 
$
171

Add:
 
 
 
Fixed charges
73

 
76

Distributed income of equity investees
4

 
4

Income as adjusted
$
247

 
$
251

 
 
 
 
Fixed charges:
 
 
 
Interest expense, net per statements of income (includes amortization of debt discount, premium and debt issuance costs; excludes AFUDC)
$
73

 
$
76

Fixed charges
$
73

 
$
76

 


 


Ratio of earnings to fixed charges
3.4

 
3.3