| Exhibit 12 | ||||||||||||||||
| THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES | ||||||||||||||||
| SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||
| Fiscal Year Ended September 30, | ||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||
| (Thousands of Dollars) | ||||||||||||||||
Income from continuing operations before interest charges and income taxes | $ | 107,986 | $ | 126,517 | $ | 113,228 | $ | 101,867 | $ | 100,080 | ||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,825 | 1,833 | 1,691 | 1,485 | 1,291 | |||||||||||
| Total Earnings | $ | 109,811 | $ | 128,350 | $ | 114,919 | $ | 103,352 | $ | 101,371 | ||||||
Interest on long-term debt – Laclede Gas | $ | 24,583 | $ | 24,583 | $ | 19,851 | $ | 22,502 | $ | 22,329 | ||||||
| Other Interest | 2,269 | 5,163 | 9,626 | 11,432 | 10,555 | |||||||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,825 | 1,833 | 1,691 | 1,485 | 1,291 | |||||||||||
| Total Fixed Charges | $ | 28,677 | $ | 31,579 | $ | 31,168 | $ | 35,419 | $ | 34,175 | ||||||
| Ratio of Earnings to Fixed Charges | 3.83 | 4.06 | 3.69 | 2.92 | 2.97 | |||||||||||
| LACLEDE GAS COMPANY | ||||||||||||||||
| SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||
| Fiscal Year Ended September 30, | ||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||
| (Thousands of Dollars) | ||||||||||||||||
Income before interest charges and income taxes | $ | 84,727 | $ | 77,395 | $ | 84,684 | $ | 80,134 | $ | 72,077 | ||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,820 | 1,833 | 1,691 | 1,485 | 1,291 | |||||||||||
| Total Earnings | $ | 86,547 | $ | 79,228 | $ | 86,375 | $ | 81,619 | $ | 73,368 | ||||||
| Interest on long-term debt | $ | 24,583 | $ | 24,583 | $ | 19,851 | $ | 22,502 | $ | 22,329 | ||||||
| Other Interest | 2,269 | 5,770 | 10,363 | 11,101 | 10,236 | |||||||||||
Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) | 1,820 | 1,833 | 1,691 | 1,485 | 1,291 | |||||||||||
| Total Fixed Charges | $ | 28,672 | $ | 32,186 | $ | 31,905 | $ | 35,088 | $ | 33,856 | ||||||
| Ratio of Earnings to Fixed Charges | 3.02 | 2.46 | 2.71 | 2.33 | 2.17 | |||||||||||