EXHIBIT 12
COLUMBIA ENERGY GROUP AND SUBSIDIARIES
STATEMENTS OF RATIO OF EARNINGS TO FIXED CHARGES
($ in millions)
Twelve Months Twelve Months
Ended March 31, Ended December 31,
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2004 2003 2003 2002 2001 2000 1999
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CONSOLIDATED INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES: 703.5 705.0 727.8 662.3 453.7 455.9 529.6
ADJUSTMENTS:
Distributed (Undistributed) equity income -- (2.3) 0.1 (2.5) 2.2 (5.5) (5.8)
Fixed charges * 88.8 117.1 91.6 124.4 165.9 190.5 181.7
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Earnings available 792.3 819.8 819.5 784.2 621.8 640.9 705.5
*FIXED CHARGES:
Interest on long-term and short-term debt 82.7 111.2 85.8 117.9 161.4 172.0 167.5
Portion of rentals representing interest 6.1 5.9 5.8 6.5 4.5 18.5 14.2
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Total Fixed Charges 88.8 117.1 91.6 124.4 165.9 190.5 181.7
RATIO OF EARNINGS TO FIXED CHARGES 8.92 7.00 8.95 6.30 3.75 3.36 3.88
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Prior periods have been restated to reflect discontinued operations