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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2003 2002 2002 2001 2000 1999 1998
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CONSOLIDATED INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES: 734.6 471.9 662.3 453.7 455.9 529.6 431.6
ADJUSTMENTS:
Distributed (Undistributed) equity income - (1.0) (2.5) 2.2 (5.5) (5.8) (0.4)
Fixed charges * 109.5 139.8 124.4 165.9 190.5 181.7 162.2
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Earnings available 844.1 610.7 784.2 621.8 640.9 705.5 593.4
*FIXED CHARGES:
Interest on long-term and short-term debt 103.5 134.4 117.9 161.4 172.0 167.5 147.2
Portion of rentals representing interest 6.0 5.4 6.5 4.5 18.5 14.2 15.0
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Total Fixed Charges 109.5 139.8 124.4 165.9 190.5 181.7 162.2
RATIO OF EARNINGS TO FIXED CHARGES 7.71 4.37 6.30 3.75 3.36 3.88 3.66
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Prior periods have been restated to reflect discontinued operations.
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