Exhibit 12
LACLEDE GAS COMPANY |
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
Twelve Months Ended | ||||||||||||||||||||
June 30, | September 30, | |||||||||||||||||||
(Thousands of Dollars) | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||
Income before interest | ||||||||||||||||||||
charges and income taxes | $ | 90,320 | $ | 102,317 | $ | 84,727 | $ | 77,395 | $ | 84,684 | $ | 80,134 | ||||||||
Add: One third of applicable | ||||||||||||||||||||
rentals charged to operating | ||||||||||||||||||||
expense (which approximates | ||||||||||||||||||||
the interest factor) | 1,652 | 1,780 | 1,820 | 1,833 | 1,691 | 1,485 | ||||||||||||||
Total Earnings | $ | 91,972 | $ | 104,097 | $ | 86,547 | $ | 79,228 | $ | 86,375 | $ | 81,619 | ||||||||
Interest on long-term debt | $ | 22,958 | $ | 23,161 | $ | 24,583 | $ | 24,583 | $ | 19,851 | $ | 22,502 | ||||||||
Other interest | 2,280 | 2,383 | 2,269 | 5,770 | 10,363 | 11,101 | ||||||||||||||
Add: One third of applicable | ||||||||||||||||||||
rentals charged to operating | ||||||||||||||||||||
expense (which approximates | ||||||||||||||||||||
the interest factor) | 1,652 | 1,780 | 1,820 | 1,833 | 1,691 | 1,485 | ||||||||||||||
Total Fixed Charges | $ | 26,890 | �� | $ | 27,324 | $ | 28,672 | $ | 32,186 | $ | 31,905 | $ | 35,088 | |||||||
Ratio of Earnings to Fixed | ||||||||||||||||||||
Charges | 3.42 | 3.81 | 3.02 | 2.46 | 2.71 | 2.33 | ||||||||||||||