EXHIBIT 12.01
SOUTHWEST GAS CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
FOR THE YEAR ENDED DECEMBER 31,
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2001 2000 1999 1998 1997
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1. Fixed charges:
A) Interest expense $ 80,139 $ 70,659 $ 63,110 $ 63,416 $ 63,247
B) Amortization 1,886 1,564 1,366 1,243 1,164
C) Interest portion of rentals 9,346 8,572 8,217 7,531 6,973
D) Preferred securities distributions 5,475 5,475 5,475 5,475 5,475
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Total fixed charges $ 96,846 $ 86,270 $ 78,168 $ 77,665 $ 76,859
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2. Earnings (as defined):
E) Pretax income from
continuing operations $ 56,741 $ 51,939 $ 60,955 $ 83,951 $ 21,328
Fixed Charges (1. above) 96,846 86,270 78,168 77,665 76,859
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Total earnings as defined $153,587 $138,209 $139,123 $161,616 $ 98,187
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3. Ratio of earnings to fixed charges 1.59 1.60 1.78 2.08 1.28
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