Exhibit 12
AGL Resources Inc.
Statement Setting forth Ratio of Earnings to Fixed Charges
| Dollars in millions | Nine months ended Sept. 30, 2009 | Fiscal 2008 | Fiscal 2007 | Fiscal 2006 | Fiscal 2005 | Fiscal 2004 | ||||||||||||||||||
| Earnings as defined | ||||||||||||||||||||||||
| Earnings before income taxes | $ | 260 | $ | 369 | $ | 368 | $ | 364 | $ | 332 | $ | 261 | ||||||||||||
| (Income) from equity investees | - | - | - | - | - | (2 | ) | |||||||||||||||||
| Pretax income as defined | 260 | 369 | 368 | 364 | 332 | 259 | ||||||||||||||||||
| Add: | ||||||||||||||||||||||||
| Fixed charges (see “B” below) | 85 | 127 | 134 | 133 | 119 | 81 | ||||||||||||||||||
| Less: | ||||||||||||||||||||||||
| Interest capitalized | (2 | ) | (2 | ) | - | (1 | ) | - | - | |||||||||||||||
| Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | (17 | ) | (20 | ) | (30 | ) | (23 | ) | (22 | ) | (18 | ) | ||||||||||||
| Adjusted Earnings (A) | $ | 326 | $ | 474 | $ | 472 | $ | 473 | $ | 429 | $ | 322 | ||||||||||||
| Fixed charges | ||||||||||||||||||||||||
| Interest on long-term debt | $ | 71 | $ | 96 | $ | 97 | $ | 99 | $ | 95 | $ | 66 | ||||||||||||
| Other interest, including amortized premiums, discounts and capitalized expenses related to indebtedness liability | 9 | 24 | 30 | 27 | 16 | 8 | ||||||||||||||||||
| Estimated interest components of rentals | 5 | 7 | 7 | 7 | 8 | 7 | ||||||||||||||||||
| Total fixed charges (B) | $ | 85 | $ | 127 | $ | 134 | $ | 133 | $ | 119 | $ | 81 | ||||||||||||
| Ratio of earnings to fixed charges (A)/(B) | 3.84 | 3.73 | 3.52 | 3.56 | 3.61 | 3.98 | ||||||||||||||||||