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New words:
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added, affirmed, appeal, borrower, consistent, Department, depend, depletion, draft, emitting, EPC, generic, geologic, granting, letter, measurement, mediate, organic, penalty, plaintiff, preferred, proposal, reconstructed, reissued, remain, reopen, schedule, summarizing, suspension, unfavorable, volatile
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Exhibit 12.3
Dominion Gas Holdings, LLC
Computation of Ratio of Earnings to Fixed Charges
(millions of dollars)
Years Ended December 31, | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2015 | Twelve Months Ended September 30, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 590 | $ | 841 | $ | 846 | $ | 762 | $ | 747 | $ | 549 | $ | 1,601 | ||||||||||||||
Distributed income from unconsolidated investees, less equity in earnings | 1 | 7 | (1 | ) | (2 | ) | 2 | 2 | (4 | ) | ||||||||||||||||||
Fixed charges included in income | 61 | 73 | 39 | 43 | 65 | 64 | 76 | |||||||||||||||||||||
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Total earnings, as defined | $ | 652 | $ | 921 | $ | 884 | $ | 803 | $ | 814 | $ | 615 | $ | 1,673 | ||||||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||||||||||
Interest charges | $ | 53 | $ | 62 | $ | 28 | $ | 30 | $ | 51 | $ | 51 | $ | 65 | ||||||||||||||
Rental interest factor | 8 | 11 | 11 | 13 | 14 | 13 | 11 | |||||||||||||||||||||
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Total fixed charges, as defined | $ | 61 | $ | 73 | $ | 39 | $ | 43 | $ | 65 | $ | 64 | $ | 76 | ||||||||||||||
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Ratio of Earnings to Fixed Charges | 10.69 | 12.62 | 22.67 | 18.67 | 12.52 | 9.61 | 22.01 |