Exhibit 12
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
Statements of Ratio of Earnings of Fixed Charges
($ in millions)
Twelve Months
Ended December 31,
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2002 2001 2000 1999 1998
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Consolidated Income (Loss) from
Continuing Operations before Income Taxes 727.6 491.2 465.6 556.1 461.1
Adjustments:
Interest during construction (3.0) (2.2) (2.2) (2.8) (2.1)
Distributed (Undistributed) equity income (2.5) 2.2 (5.5) (5.8) (0.4)
Fixed charges 149.5 183.4 194.7 183.8 163.3
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Earnings Available 871.6 674.6 652.6 731.3 621.9
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Fixed Charges:
Interest on long-term and short-term debt 121.7 175.5 174.0 167.8 146.8
Portion of rentals representing interest 27.8 7.9 20.7 16.0 16.5
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Total Fixed Charges 149.5 183.4 194.7 183.8 163.3
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Ratio of Earnings to Fixed Charges 5.83 3.68 3.35 3.98 3.81
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Prior periods have been restated to reflect discontinued operations.