Exhibit 12
THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended --------------------------------------------------------------------------------- December 31, September 30, ---------------- ------------------------------------------------------------- (Thousands of Dollars) 2005 2005 2004 2003 2002 2001 Income before interest charges and income taxes $105,319 $91,435 $84,196 $80,270 $60,440 $73,742 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 3,585 3,250 2,333 2,873 2,662 313 ---------------- ------------- ----------- ----------- ------------ ---------- Total Earnings $108,904 $94,685 $86,529 $83,143 $63,102 $74,055 ================ ============= =========== =========== ============ ========== Interest on long-term debt - Laclede Gas $ 22,570 $22,835 $22,010 $20,169 $20,820 $18,372 Other interest 8,868 7,714 6,804 6,802 4,989 10,067 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 3,585 3,250 2,333 2,873 2,662 313 ---------------- ------------- ----------- ----------- ------------ ---------- Total Fixed Charges $ 35,023 $33,799 $31,147 $29,844 $28,471 $28,752 ================ ============= =========== =========== ============ ========== Ratio of Earnings to Fixed Charges 3.11 2.80 2.78 2.79 2.22 2.58
LACLEDE GAS COMPANY
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended --------------------------------------------------------------------------------- December 31, September 30, --------------- -------------------------------------------------------------- (Thousands of Dollars) 2005 2005 2004 2003 2002 2001 Income before interest charges and income taxes $78,697 $72,092 $73,956 $76,274 $56,154 $73,742 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 1,069 938 538 457 315 313 --------------- ------------ ----------- ------------ ------------ ----------- Total Earnings $79,766 $73,030 $74,494 $76,731 $56,469 $74,055 =============== ============ =========== ============ ============ =========== Interest on long-term debt $22,570 $22,835 $22,010 $20,169 $20,820 $18,372 Other interest 5,217 4,076 3,192 3,752 4,285 10,067 Add: One third of applicable rentals charged to operating expense (which approximates the interest factor) 1,069 938 538 457 315 313 --------------- ------------ ----------- ------------ ------------ ----------- Total Fixed Charges $28,856 $27,849 $25,740 $24,378 $25,420 $28,752 =============== ============ =========== ============ ============ =========== Ratio of Earnings to Fixed Charges 2.76 2.62 2.89 3.15 2.22 2.58