Exhibit 12
Williams Partners L.P.
Computation of Ratio of Earnings to Fixed Charges
Six months ended June 30, 2013 | ||||
(Millions) | ||||
Earnings: | ||||
Income before income taxes and noncontrolling interests | $ | 595 | ||
Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees | (6) | |||
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Income before income taxes, equity earnings and noncontrolling interests | 589 | |||
Add: | ||||
Fixed charges: | ||||
Interest incurred, including proportionate share from 50% owned investees and unconsolidated majority-owned investees | 243 | |||
Rental expense representative of interest factor | 5 | |||
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Total fixed charges | 248 | |||
Distributed income of equity method investees, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees | 12 | |||
Less: | ||||
Interest capitalized | (33) | |||
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Total earnings as adjusted | $ | 816 | ||
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Fixed charges | $ | 248 | ||
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Ratio of earnings to fixed charges | 3.29 | |||
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