Southwest Gas 10-Q 2016 Q1 Quarterly report

Exhibit 12.01

SOUTHWEST GAS CORPORATION

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(Thousands of dollars)

	For the Twelve Months Ended
	Mar 31,		December 31,
	2016		2015		2014		2013		2012		2011
1. Fixed charges:
A) Interest expense	$	71,345	$	71,661	$	71,234	$	62,958	$	67,148	$	68,183
B) Amortization		1,888		1,884		2,063		2,002		2,001		2,137
C) Interest portion of rentals		17,576		16,678		11,802		11,809		10,605		8,943
Total fixed charges	$	90,809	$	90,223	$	85,099	$	76,769	$	79,754	$	79,263
2. Earnings (as defined):
D) Pretax income from continuing operations	$	223,577	$	219,332	$	219,521	$	222,815	$	207,915	$	175,066
Fixed Charges (1. above)		90,809		90,223		85,099		76,769		79,754		79,263
Total earnings as defined	$	314,386	$	309,555	$	304,620	$	299,584	$	287,669	$	254,329
		3.46		3.43		3.58		3.90		3.61		3.21