EX-12 3 c80858exv12.txt STATEMENTS OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 COLUMBIA ENERGY GROUP AND SUBSIDIARIES Statements of Ratio of Earnings to Fixed Charges ($ in millions)
Twelve Months Twelve Months Ended September 30, Ended December 31, ------------------- ----------------------------------------------------- 2003 2002 2002 2001 2000 1999 1998 -------------------------------------------------------------------- ----------------------------------------------------- CONSOLIDATED INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES: 744.4 554.6 662.3 453.7 455.9 529.6 431.6 ADJUSTMENTS: Distributed (Undistributed) equity income - (1.0) (2.5) 2.2 (5.5) (5.8) (0.4) Fixed charges * 101.7 126.3 124.4 165.9 190.5 181.7 162.2 -------------------------------------------------------------------- ----------------------------------------------------- Earnings available 846.1 679.9 784.2 621.8 640.9 705.5 593.4 *FIXED CHARGES: Interest on long-term and short-term debt 95.6 120.4 117.9 161.4 172.0 167.5 147.2 Portion of rentals representing interest 6.1 5.9 6.5 4.5 18.5 14.2 15.0 -------------------------------------------------------------------- ----------------------------------------------------- Total Fixed Charges 101.7 126.3 124.4 165.9 190.5 181.7 162.2 RATIO OF EARNINGS TO FIXED CHARGES 8.32 5.38 6.30 3.75 3.36 3.88 3.66 ==================================================================== =====================================================
Prior periods have been restated to reflect discontinued operations.