Exhibit 12
THE PEOPLES GAS LIGHT AND COKE COMPANY AND SUBSIDIARY COMPANIES
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STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(Dollars in Thousands)
Fiscal years ended September 30,
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1994 1993 1992 1991 1990
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Net Income Before Preferred
Stock Dividends $ 63,825 $ 64,355 $ 58,946 $ 61,763 $ 60,156
Add - Income Taxes 30,429 32,951 29,051 31,698 32,173
Fixed Charges (see below) 41,352 37,931 40,347 41,908 40,624
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Earnings $135,606 $135,237 $128,344 $135,369 $132,953
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Fixed Charges:
Interest on Long-Term Debt $ 38,029 $ 34,907 $ 36,026 $ 36,863 $ 34,582
Interest on Interim Loans 896 596 59 77 143
Other Interest 1,738 1,812 3,595 4,252 5,268
Amortization of Debt Discount
and Expense 689 616 667 716 631
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Total Fixed Charges $ 41,352 $ 37,931 $ 40,347 $ 41,908 $ 40,624
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Ratio of Earnings to Fixed Charges 3.28 3.57 3.18 3.23 3.27
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