EX-12 3 cngex12.htm CNG 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, 2004


2003


2002


2001


2000


1999

Earnings, as defined:

Earnings before income taxes and minority interests in consolidated subsidiaries

 

$ 1,218

 

$ 1,022



$ 950



$ 604



$ 360



$ 210

Distributed income from unconsolidated investees, less equity in earnings


(10)


(14)


(16)


(6)


13


(12)

Fixed charges included in the determination of net income


180


169


  168


  170


  184


  149

Total earnings, as defined

$ 1,388

$ 1,177

$ 1,102

$ 768

$ 557

$ 347

Fixed charges, as defined:

Interest charges

$ 223

$ 223

$ 227

$ 181

$ 173

$ 137

Rental interest factor

15

13

    11

    11

    11

    12

Total fixed charges, as defined

$ 238

$ 236

$ 238

$ 192

$ 184

$ 149

Ratio of Earnings to Fixed Charges

5.83

4.99

4.63

4.00

3.03

2.33

 

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