Exhibit 12
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES | |||||||||||||||||||||
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||||
Twelve Months Ended | |||||||||||||||||||||
Dec. 31, | September 30, | ||||||||||||||||||||
(Thousands of Dollars) | 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Income from continuing operations before interest | |||||||||||||||||||||
charges and income taxes | $ | 108,331 | $ | 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) | 1,841 | 1,825 | 1,833 | 1,691 | 1,485 | 1,291 | |||||||||||||||
Total Earnings | $ | 110,172 | $ | 109,811 | $ | 128,350 | $ | 114,919 | $ | 103,352 | $ | 101,371 | |||||||||
Interest on long-term debt – | |||||||||||||||||||||
Laclede Gas | $ | 24,379 | $ | 24,583 | $ | 24,583 | $ | 19,851 | $ | 22,502 | $ | 22,329 | |||||||||
Other interest | 2,450 | 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) | 1,841 | 1,825 | 1,833 | 1,691 | 1,485 | 1,291 | |||||||||||||||
Total Fixed Charges | $ | 28,670 | $ | 28,677 | $ | 31,579 | $ | 31,168 | $ | 35,419 | $ | 34,175 | |||||||||
Ratio of Earnings to Fixed | |||||||||||||||||||||
Charges | 3.84 | 3.83 | 4.06 | 3.69 | 2.92 | 2.97 | |||||||||||||||