Exhibit 12.2
LACLEDE GAS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended June 30, | Twelve Months Ended September 30, | ||||||||||||||||||||||
(Dollars in Millions) | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||
Earnings | |||||||||||||||||||||||
Income before income taxes | $ | 155.8 | $ | 148.4 | $ | 125.6 | $ | 63.5 | $ | 68.4 | $ | 76.8 | |||||||||||
Add: Fixed Charges (from below) | 29.5 | 39.7 | 39.5 | 28.1 | 26.7 | 27.3 | |||||||||||||||||
Total Earnings | $ | 185.3 | $ | 188.1 | $ | 165.1 | $ | 91.6 | $ | 95.1 | $ | 104.1 | |||||||||||
Fixed Charges | |||||||||||||||||||||||
Interest on long-term debt | $ | 24.7 | $ | 33.1 | $ | 34.4 | $ | 24.9 | $ | 22.9 | $ | 23.1 | |||||||||||
Other interest charges | 3.3 | 3.3 | 3.0 | 1.2 | 2.2 | 2.4 | |||||||||||||||||
One third of applicable rentals charged to operating expense (which approximates the interest portion) | 1.4 | 3.3 | 2.1 | 2.0 | 1.6 | 1.8 | |||||||||||||||||
Add back: Allowance for borrowed funds used during construction | 0.1 | — | — | — | — | — | |||||||||||||||||
Total Fixed Charges | $ | 29.5 | $ | 39.7 | $ | 39.5 | $ | 28.1 | $ | 26.7 | $ | 27.3 | |||||||||||
Ratio of Earnings to Fixed Charges | 6.28 | 4.74 | 4.18 | 3.26 | 3.56 | 3.81 |