Unitil (UTL) 10-K 2005 FY Annual report

Exhibit 12.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
(000’s, except ratios)	2005		2004		2003		2002		2001
Earnings:
Net Income before Extraordinary Item	$	8,553	$	8,226	$	7,958	$	6,088	$	5,027
Extraordinary Item, net		—		—		—		—		(3,937	)
Net Income, per Consolidated Statement of Earnings		8,553		8,226		7,958		6,088		1,090
Federal and State Income Taxes included in :
Operations		4,275		4,206		3,551		2,490		3,421
Investment Write-down		—		—		—		—		1,236
Extraordinary Item		—		—		—		—		1,388
Interest on Long-Term Debt		8,319		8,394		8,088		8,254		7,637
Amortization of Debt Discount Expense		104		98		82		81		72
Other Interest		1,046		629		1,070		1,038		1,895
Total	$	22,297	$	21,553	$	20,749	$	17,951	$	16,739
Fixed Charges:
Interest of Long-Term Debt	$	8,319	$	8,394	$	8,088	$	8,254	$	7,637
Amortization of Debt Discount Expense		104		98		82		81		72
Other Interest		1,046		629		1,070		1,038		1,895
Pre-tax Preferred Stock Dividend Requirements		234		325		391		419		417
Total	$	9,703	$	9,446	$	9,631	$	9,792	$	10,021
Ratio of Earnings to Fixed Charges		2.30		2.28		2.15		1.83		1.67