EX-12.PEC 7 exh12pec.htm EXHIBIT 12 FOR PEOPLES ENERGY CORPORATION Map of Oil & Gas Properties
Exhibit 12
 
 
Peoples Energy Corporation and Subsidiary Companies
 
Statement Re: Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

 
Fiscal years ended September 30,
  
     
2006
 
 
2005
 
 
2004
 
 
2003
 
 
2002
  
                                 
Net Income (Loss) Before Preferred
                                
Stock Dividends, as reported
  
$
(17,636
)
$
78,133
  
$
81,564
  
$
103,934
  
$
89,071
  
                                 
Change in undistributed earnings from equity investees
    
4,788
   
(10,150
)
  
(8,327
)
  
4,740
   
12,216
 
                                 
Add - Income Taxes
    
(16,751
)
  
44,704
   
37,833
   
59,182
   
46,321
 
Fixed charges excluding capitalized interest
    
61,583
   
50,615
   
48,426
   
49,441
   
56,439
 
                                 
Earnings
  
$
31,984
  
$
163,302
  
$
159,496
  
$
217,297
  
$
204,047
  
                                 
Fixed charges including capitalized interest
  
$
61,583
  
$
50,615
  
$
48,426
  
$
49,441
  
$
56,439
  
                                 
Ratio of Earnings to Fixed Charges
    
0.52
   
3.23
   
3.29
   
4.40
   
3.62