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) | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||
Income before interest | |||||||||||||||||||||
charges and income taxes | $ | 115,073 | $ | 112,078 | $ | 108,783 | $ | 91,435 | $ | 84,196 | $ | 80,270 | |||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 4,686 | 4,710 | 4,514 | 3,250 | 2,333 | 2,873 | |||||||||||||||
Total Earnings | $ | 119,759 | $ | 116,788 | $ | 113,297 | $ | 94,685 | $ | 86,529 | $ | 83,143 | |||||||||
Interest on long-term debt – | |||||||||||||||||||||
Laclede Gas | $ | 22,002 | $ | 22,502 | $ | 22,329 | $ | 22,835 | $ | 22,010 | $ | 20,169 | |||||||||
Other interest | 15,456 | 14,727 | 13,850 | 7,714 | 6,804 | 6,802 | |||||||||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 4,686 | 4,710 | 4,514 | 3,250 | 2,333 | 2,873 | |||||||||||||||
Total Fixed Charges | $ | 42,144 | $ | 41,939 | $ | 40,693 | $ | 33,799 | $ | 31,147 | $ | 29,844 | |||||||||
Ratio of Earnings to Fixed | |||||||||||||||||||||
Charges | 2.84 | 2.78 | 2.78 | 2.80 | 2.78 | 2.79 | |||||||||||||||
LACLEDE GAS COMPANY |
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
Twelve Months Ended | |||||||||||||||||||||
Dec 31, | September 30, | ||||||||||||||||||||
(Thousands of Dollars) | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||
Income before interest | |||||||||||||||||||||
charges and income taxes | $ | 80,251 | $ | 80,134 | $ | 72,077 | $ | 72,092 | $ | 73,956 | $ | 76,274 | |||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 1,548 | 1,485 | 1,291 | 938 | 538 | 457 | |||||||||||||||
Total Earnings | $ | 81,799 | $ | 81,619 | $ | 73,368 | $ | 73,030 | $ | 74,494 | $ | 76,731 | |||||||||
Interest on long-term debt | $ | 22,002 | $ | 22,502 | $ | 22,329 | $ | 22,835 | $ | 22,010 | $ | 20,169 | |||||||||
Other interest | 11,697 | 11,101 | 10,236 | 4,076 | 3,192 | 3,752 | |||||||||||||||
Add: One third of applicable | |||||||||||||||||||||
rentals charged to operating | |||||||||||||||||||||
expense (which approximates | |||||||||||||||||||||
the interest factor) | 1,548 | 1,485 | 1,291 | 938 | 538 | 457 | |||||||||||||||
Total Fixed Charges | $ | 35,247 | $ | 35,088 | $ | 33,856 | $ | 27,849 | $ | 25,740 | $ | 24,378 | |||||||||
Ratio of Earnings to Fixed | |||||||||||||||||||||
Charges | 2.32 | 2.33 | 2.17 | 2.62 | 2.89 | 3.15 | |||||||||||||||