Exhibit 12
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES |
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SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
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| Twelve Months Ended |
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| March 31, |
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| September 30, |
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(Thousands of Dollars) |
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| 2007 |
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| 2006 |
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| 2005 |
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| 2004 |
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| 2003 |
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| 2002 |
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Income before interest |
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charges and income taxes |
| $ | 100,481 |
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| $ | 108,783 |
| $ | 91,435 |
| $ | 84,196 |
| $ | 80,270 |
| $ | 60,440 |
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Add: One third of applicable |
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rentals charged to operating |
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expense (which approximates |
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the interest factor) |
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| 4,705 |
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| 4,514 |
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| 3,250 |
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| 2,333 |
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| 2,873 |
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| 2,662 |
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Total Earnings |
| $ | 105,186 |
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| $ | 113,297 |
| $ | 94,685 |
| $ | 86,529 |
| $ | 83,143 |
| $ | 63,102 |
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Interest on long-term debt – |
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Laclede Gas |
| $ | 22,295 |
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| $ | 22,329 |
| $ | 22,835 |
| $ | 22,010 |
| $ | 20,169 |
| $ | 20,820 |
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Other interest |
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| 15,059 |
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| 13,850 |
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| 7,714 |
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| 6,804 |
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| 6,802 |
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| 4,989 |
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Add: One third of applicable |
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rentals charged to operating |
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expense (which approximates |
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the interest factor) |
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| 4,705 |
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| 4,514 |
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| 3,250 |
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| 2,333 |
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| 2,873 |
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| 2,662 |
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Total Fixed Charges |
| $ | 42,059 |
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| $ | 40,693 |
| $ | 33,799 |
| $ | 31,147 |
| $ | 29,844 |
| $ | 28,471 |
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Ratio of Earnings to Fixed |
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Charges |
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| 2.50 |
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| 2.78 |
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| 2.80 |
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| 2.78 |
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| 2.79 |
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| 2.22 |
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LACLEDE GAS COMPANY |
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SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
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| Twelve Months Ended |
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| March 31, |
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| September 30, |
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(Thousands of Dollars) |
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| 2007 |
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| 2006 |
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| 2005 |
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| 2004 |
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| 2003 |
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| 2002 |
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Income before interest |
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charges and income taxes |
| $ | 70,920 |
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| $ | 72,077 |
| $ | 72,092 |
| $ | 73,956 |
| $ | 76,274 |
| $ | 56,154 |
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Add: One third of applicable |
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rentals charged to operating |
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expense (which approximates |
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the interest factor) |
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| 1,363 |
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| 1,291 |
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| 938 |
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| 538 |
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| 457 |
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| 315 |
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Total Earnings |
| $ | 72,283 |
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| $ | 73,368 |
| $ | 73,030 |
| $ | 74,494 |
| $ | 76,731 |
| $ | 56,469 |
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Interest on long-term debt |
| $ | 22,295 |
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| $ | 22,329 |
| $ | 22,835 |
| $ | 22,010 |
| $ | 20,169 |
| $ | 20,820 |
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Other interest |
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| 11,431 |
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| 10,236 |
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| 4,076 |
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| 3,192 |
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| 3,752 |
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| 4,285 |
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Add: One third of applicable |
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rentals charged to operating |
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expense (which approximates |
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the interest factor) |
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| 1,363 |
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| 1,291 |
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| 938 |
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| 538 |
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| 457 |
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| 315 |
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Total Fixed Charges |
| $ | 35,089 |
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| $ | 33,856 |
| $ | 27,849 |
| $ | 25,740 |
| $ | 24,378 |
| $ | 25,420 |
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Ratio of Earnings to Fixed |
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Charges |
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| 2.06 |
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| 2.17 |
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| 2.62 |
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| 2.89 |
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| 3.15 |
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| 2.22 |
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