EX-12 5 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
Sept. 30, 2003


2002


2001


2000


1999


1998

Earnings, as defined:

Earnings before income taxes and minority interests in consolidated subsidiaries

 

$ 1,068



$ 950



$ 604



$ 360



$ 210



$ 417

Distributed income from unconsolidated investees, less equity in earnings


(14)


(16)


(6)


13


(12)


(2)

Fixed charges included in the determination of net income


171


  168


  170


  184


  149


  137

Total earnings, as defined

$ 1,225

$ 1,102

$ 768

$ 557

$ 347

$ 552

Fixed charges, as defined:

Interest charges

$ 226

$ 227

$ 181

$ 173

$ 137

$ 126

Rental interest factor

13

    11

    11

    11

    12

    11

Total fixed charges, as defined

$ 239

$ 238

$ 192

$ 184

$ 149

$ 137

Ratio of Earnings to Fixed Charges

5.13

4.63

4.00

3.03

2.33

4.03