Exhibit 12
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES |
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
Twelve Months Ended | ||||||||||||||||||||
Mar. 31, | September 30, | |||||||||||||||||||
(Thousands of Dollars) | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||
Income from continuing operations before interest | ||||||||||||||||||||
charges and income taxes | $ | 122,425 | $ | 118,424 | $ | 107,986 | $ | 126,517 | $ | 113,228 | $ | 101,867 | ||||||||
Add: One third of applicable | ||||||||||||||||||||
rentals charged to operating | ||||||||||||||||||||
expense (which approximates | ||||||||||||||||||||
the interest factor) | 1,714 | 1,799 | 1,825 | 1,833 | 1,691 | 1,485 | ||||||||||||||
Total Earnings | $ | 124,139 | $ | 120,223 | $ | 109,811 | $ | 128,350 | $ | 114,919 | $ | 103,352 | ||||||||
Interest on long-term debt – | ||||||||||||||||||||
Laclede Gas | $ | 22,958 | $ | 23,161 | $ | 24,583 | $ | 24,583 | $ | 19,851 | $ | 22,502 | ||||||||
Other interest | 2,076 | 2,256 | 2,269 | 5,163 | 9,626 | 11,432 | ||||||||||||||
Add: One third of applicable | ||||||||||||||||||||
rentals charged to operating | ||||||||||||||||||||
expense (which approximates | �� | |||||||||||||||||||
the interest factor) | 1,714 | 1,799 | 1,825 | 1,833 | 1,691 | 1,485 | ||||||||||||||
Total Fixed Charges | $ | 26,748 | $ | 27,216 | $ | 28,677 | $ | 31,579 | $ | 31,168 | $ | 35,419 | ||||||||
Ratio of Earnings to Fixed | ||||||||||||||||||||
Charges | 4.64 | 4.42 | 3.83 | 4.06 | 3.69 | 2.92 | ||||||||||||||