Exhibit 12
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES |
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
Twelve Months Ended | |||||||||||||||||||||
March 31, | September 30, | ||||||||||||||||||||
(Thousands of Dollars) | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||
Income from continuing operations before interest | |||||||||||||||||||||
charges and income taxes | $ | 112,226 | $ | 101,866 | $ | 100,079 | $ | 78,677 | $ | 78,605 | $ | 81,532 | |||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 1,612 | 1,485 | 1,291 | 938 | 538 | 457 | |||||||||||||||
Total Earnings | $ | 113,838 | $ | 103,351 | $ | 101,370 | $ | 79,615 | $ | 79,143 | $ | 81,989 | |||||||||
Interest on long-term debt – | |||||||||||||||||||||
Laclede Gas | $ | 21,252 | $ | 22,503 | $ | 22,328 | $ | 22,836 | $ | 22,010 | $ | 20,169 | |||||||||
Other interest | 11,277 | 11,431 | 10,555 | 4,418 | 3,511 | 3,971 | |||||||||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 1,612 | 1,485 | 1,291 | 938 | 538 | 457 | |||||||||||||||
Total Fixed Charges | $ | 34,141 | $ | 35,419 | $ | 34,174 | $ | 28,192 | $ | 26,059 | $ | 24,597 | |||||||||
Ratio of Earnings to Fixed | |||||||||||||||||||||
Charges | 3.33 | 2.92 | 2.97 | 2.82 | 3.04 | 3.33 | |||||||||||||||
LACLEDE GAS COMPANY |
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
Twelve Months Ended | |||||||||||||||||||||
March 31, | September 30, | ||||||||||||||||||||
(Thousands of Dollars) | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||
Income before interest | |||||||||||||||||||||
charges and income taxes | $ | 85,727 | $ | 80,134 | $ | 72,077 | $ | 72,092 | $ | 73,956 | $ | 76,274 | |||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 1,612 | 1,485 | 1,291 | 938 | 538 | 457 | |||||||||||||||
Total Earnings | $ | 87,339 | $ | 81,619 | $ | 73,368 | $ | 73,030 | $ | 74,494 | $ | 76,731 | |||||||||
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Interest on long-term debt | $ | 21,252 | $ | 22,502 | $ | 22,329 | $ | 22,835 | $ | 22,010 | $ | 20,169 | |||||||||
Other interest | 11,489 | 11,101 | 10,236 | 4,076 | 3,192 | 3,752 | |||||||||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 1,612 | 1,485 | 1,291 | 938 | 538 | 457 | |||||||||||||||
Total Fixed Charges | $ | 34,353 | $ | 35,088 | $ | 33,856 | $ | 27,849 | $ | 25,740 | $ | 24,378 | |||||||||
Ratio of Earnings to Fixed | |||||||||||||||||||||
Charges | 2.54 | 2.33 | 2.17 | 2.62 | 2.89 | 3.15 | |||||||||||||||