EX-12 3 ex12.htm EXHIBIT 12 12 months ended 6/30/02

Exhibit 12

Consolidated Natural Gas Company
Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)


                                     Years Ended                                  

12 months ended September 30, 2002


2001


2000


1999


1998


1997

Earnings, as defined:

Earnings before income taxes and minority interests in consolidated subsidiaries



$721.0



$604.0



$360.4



$210.3



$417.4



$475.2

Distributed income from unconsolidated investees, less equity in earnings


(14.7)


(5.8)


13.1


(12.4)


(1.9)


1.6

Fixed charges included in the determination of net income


  161.4


  170.2


  184.1


  148.6


  137.0


  122.4

Total earnings, as defined

$867.7

$768.4

$557.6

$346.5

$552.5

$599.2

Fixed charges, as defined:

Interest charges

$213.4

$181.1

$172.8

$136.9

$126.4

$112.7

Rental interest factor

   12.2

    11.1

    11.3

    11.7

    10.6

     9.7

Total fixed charges, as defined

$225.6

$192.2

$184.1

$148.6

$137.0

$122.4

Ratio of Earnings to Fixed Charges

3.85

4.00

3.03

2.33

4.03

4.90