EX-12 2 cngex12.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)



Six Months Ended
June 30, 2005


Twelve Months Ended
June 30, 2005






2004






2003






2002






2001






2000

Earnings, as defined:

Earnings before income taxes and minority interests in consolidated subsidiaries

 

$ 844

 

$ 1,415

 

$ 1,349

 

$ 1,022



$ 950



$ 604



$ 360

Distributed income from unconsolidated investees, less equity in earnings


(10)


(6)


(5)


(14)


(16)


(6)


13

Fixed charges included in the determination of net income


  115


    211


    190


    169


   168


  170


  184

Total earnings, as defined

$ 949

$ 1,620

$ 1,534

$ 1,177

$ 1,102

$ 768

$ 557

Fixed charges, as defined:

Interest charges

$ 132

$ 249

$ 229

$ 223

$ 227

$ 181

$ 173

Rental interest factor

      9

    16

    17

   13

    11

    11

    11

Total fixed charges, as defined

$ 141

$ 265

$ 246

$ 236

$ 238

$ 192

$ 184

Ratio of Earnings to Fixed Charges

6.73

6.11

6.24

4.99

4.63

4.00

3.03

 

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