EXHIBIT 12
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
Statements of Ratio of Earnings to Fixed Charges
(in millions)
Twelve Months Twelve Months
Ended June 30, Ended December 31,
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2002 2001 2001 2000 1999 1998 1997
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CONSOLIDATED INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES: $520.2 $355.8 $389.2 $449.0 $556.1 $461.1 $397.0
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ADJUSTMENTS:
Interest during construction (2.5) (2.6) (2.2) (2.2) (2.8) (2.1) (3.0)
Distributed (Undistributed) equity income (1.0) (4.8) 2.2 (5.5) (5.8) (0.4) 3.6
Fixed charges* 163.5 182.1 177.9 192.8 183.8 163.3 180.5
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Earnings available $680.2 $530.5 $567.1 $634.1 $731.3 $621.9 $578.1
* FIXED CHARGES:
Interest on long-term and short-term debt $117.0 $142.7 $123.6 $154.3 $152.9 $145.4 $145.6
Other interest 27.3 23.6 45.9 18.3 14.9 1.4 15.2
Portion of rentals representing interest 19.2 15.8 8.4 20.2 16.0 16.5 19.7
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Total Fixed Charges $163.5 $182.1 $177.9 $192.8 $183.8 $163.3 $180.5
RATIO OF EARNINGS TO FIXED CHARGES 4.16 2.91 3.19 3.29 3.98 3.81 3.20
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Prior periods have been restated to reflect discontinued operations.
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