EX-12 2 ex12.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)

3 Months Ended March 31, 2005

12 Months Ended March 31, 2005


2004


2003


2002


2001


2000

Earnings, as defined:

Earnings before income taxes and minority interests in consolidated subsidiaries



$ 452



$ 1,318



$ 1,349



$ 1,022



$ 950



$ 604



$ 360

Distributed income from unconsolidated investees, less equity in earnings


(5)


(2)


(5)


(14)


(16)


(6)


13

Fixed charges included in the determination of net income


    57


    201


    190


   169


   168


  170


  184

Total earnings, as defined

$ 504

$ 1,517

$ 1,534

$ 1,177

$ 1,102

$ 768

$ 557

Fixed charges, as defined:

Interest charges

$ 66

$ 239

$ 229

$ 223

$ 227

$ 181

$ 173

Rental interest factor

     4

    17

    17

    13

    11

    11

    11

Total fixed charges, as defined

$ 70

$ 256

$ 246

$ 236

$ 238

$ 192

$ 184

Ratio of Earnings to Fixed Charges

7.20

5.93

6.24

4.99

4.63

4.00

3.03

 

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