Exhibit 12
THE BROOKLYN UNION GAS COMPANY AND SUBSIDIARIES
Computation of Consolidated Ratio of Earnings to Fixed Charges
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Fiscal Year Ended September 30,
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1994 1993 1992 1991 1990
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(Thousands of Dollars)
Earnings
Net Income $ 87,384 $ 76,563 $ 59,873 $ 61,809 $ 56,436
Federal Income Tax 40,698 41,483 29,219 23,640 16,882
Interest on Long-Term Debt 48,084 46,353 40,990 38,162 40,859
Other Interest Charges 2,044 2,059 1,589 2,734 4,752
Amortization of Debt Premium
and Expenses, Net 743 558 457 1,013 1,026
Portion of Rentals Representing
Interest 5,196 4,256 5,310 1,401 1,345
Adjustments Related to Equity
Investments (601) 729 3,239 1,524 (213)
Earnings Available to Cover ---------- ---------- ----------- ---------- ----------
Fixed Charges $ 183,548 $ 172,001 $ 140,677 $ 130,283 $ 121,087
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Fixed Charges *
Interest on Long-Term Debt $ 49,280 $ 47,017 $ 41,766 $ 39,063 $ 41,937
Other Interest Charges 2,044 2,059 1,589 2,734 4,752
Amortization of Debt Premium
and Expenses, Net 743 558 457 1,013 1,026
Portion of Rentals Representing
Interest 5,196 4,256 5,310 1,401 1,345
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Total Fixed Charges $ 57,263 $ 53,890 $ 49,122 $ 44,211 $ 49,060
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Ratio of Earnings to Fixed
Charges 3.21 3.19 2.86 2.95 2.47
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* Includes capitalized interest of $1,196,225 in 1994, $663,836 in 1993,
$775,726 in 1992, $901,137 in 1991 and $1,078,000 in 1990.