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Exhibit 12
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
Statements of Ratio of Earnings to Fixed Charges
($ in millions)
Twelve Months Twelve Months
Ended March 31, Ended December 31,
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2001 2000 2000 1999 1998 1997 1996
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Consolidated Income (Loss) from Continuing Operations
before Income Taxes 555.7 547.5 485.0 565.9 461.1 397.0 325.8
Adjustments:
Interest during construction (2.3) (2.7) (2.2) (2.8) (2.1) (3.0) (1.1)
Distributed (Undistributed) equity income (4.9) (6.4) (5.5) (5.8) (0.4) 3.6 1.5
Fixed charges 191.8 192.0 192.8 183.8 163.3 180.5 183.7
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Earnings Available 740.3 730.4 670.1 741.1 621.9 578.1 509.9
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Fixed Charges:
Interest on long-term and short-term debt 151.6 155.5 154.3 152.9 145.4 145.6 150.8
Other interest 22.0 20.4 18.3 14.9 1.4 15.2 13.5
Portion of rentals representing interest 18.2 16.1 20.2 16.0 16.5 19.7 19.4
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Total Fixed Charges 191.8 192.0 192.8 183.8 163.3 180.5 183.7
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Ratio of Earnings to Fixed Charges 3.86 3.80 3.48 4.03 3.81 3.20 2.78
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Prior periods have been restated to reflect discontinued operations.