Exhibit 12
AGL Resources Inc.
Statement Setting Forth Ratio of Earnings to Fixed Charges
| Six months ended | Fiscal | Fiscal | Fiscal | Fiscal | Fiscal | |||||||||||||||||||
| Dollars in millions | June 30, 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||
| Earnings before income taxes | $ | 249 | $ | 384 | $ | 369 | $ | 368 | $ | 364 | $ | 332 | ||||||||||||
| Add: | ||||||||||||||||||||||||
| Fixed charges (see “B” below) | 61 | 115 | 127 | 134 | 133 | 119 | ||||||||||||||||||
| Less: | ||||||||||||||||||||||||
| Interest capitalized | (3 | ) | (3 | ) | (2 | ) | - | (1 | ) | - | ||||||||||||||
| Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | (11 | ) | (27 | ) | (20 | ) | (30 | ) | (23 | ) | (22 | ) | ||||||||||||
| Adjusted Earnings (A) | $ | 296 | $ | 469 | $ | 474 | $ | 472 | $ | 473 | $ | 429 | ||||||||||||
| Fixed charges | ||||||||||||||||||||||||
| Interest on long-term debt | $ | 55 | $ | 98 | $ | 96 | $ | 97 | $ | 99 | $ | 95 | ||||||||||||
| Other interest, including amortized premiums, discounts and capitalized expenses related to indebtedness liability | 3 | 10 | 24 | 30 | 27 | 16 | ||||||||||||||||||
| Estimated interest components of rentals | 3 | 7 | 7 | 7 | 7 | 8 | ||||||||||||||||||
| Total fixed charges (B) | $ | 61 | $ | 115 | $ | 127 | $ | 134 | $ | 133 | $ | 119 | ||||||||||||
| Ratio of earnings to fixed charges (A)/(B) | 4.85 | 4.08 | 3.73 | 3.52 | 3.56 | 3.61 | ||||||||||||||||||