Attached files
| file | filename |
|---|---|
| 10-Q - VUHI THIRD QUARTER - VECTREN UTILITY HOLDINGS INC | vuhi_10q.htm |
| EX-32 - EXHIBIT 32 - VECTREN UTILITY HOLDINGS INC | ex32.htm |
| EX-31.2 - EXHIBIT 31.2 - VECTREN UTILITY HOLDINGS INC | ex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - VECTREN UTILITY HOLDINGS INC | ex31_1.htm |
Exhibit
12
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COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
|
||||||||||||||||||||
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(In
Thousands, Except Ratios)
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Twelve
months
|
Twelve
months
|
Twelve
months
|
Nine
Months
|
Nine
Months
|
||||||||||||||||
|
Ended
|
Ended
|
Ended
|
Ended
|
Ended
|
||||||||||||||||
|
September
30,
|
December
31,
|
December
31,
|
September
30,
|
September
30,
|
||||||||||||||||
|
2009
|
2008
|
2007
|
2009
|
2008
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|
Earnings:
(1)
|
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Net
income (2)
|
$ | 102,242 | $ | 111,136 | $ | 106,506 | $ | 71,495 | $ | 80,389 | ||||||||||
|
Income
taxes
|
58,544 | 67,560 | 66,741 | 40,566 | 49,582 | |||||||||||||||
|
Equity
in (income) losses of equity investees, net of
distributions
|
- | - | - | - | - | |||||||||||||||
|
Fixed
Charges (See below) (3)
|
79,945 | 80,611 | 81,145 | 59,127 | 59,793 | |||||||||||||||
|
Less: Preferred
stock dividend
|
- | - | - | - | - | |||||||||||||||
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Total adjusted
earnings
|
$ | 240,731 | $ | 259,307 | $ | 254,392 | $ | 171,188 | $ | 189,764 | ||||||||||
|
Fixed
charges: (3)
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Total interest
expense
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$ | 79,190 | $ | 79,877 | $ | 80,576 | $ | 58,871 | $ | 59,558 | ||||||||||
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Interest component
of rents
|
755 | 734 | 569 | 256 | 235 | |||||||||||||||
|
Preferred stock
dividend
|
- | - | - | - | - | |||||||||||||||
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Total
fixed charges
|
$ | 79,945 | $ | 80,611 | $ | 81,145 | $ | 59,127 | $ | 59,793 | ||||||||||
|
Ratio
of earnings to fixed charges
|
3.0 | 3.2 | 3.1 | 2.9 | 3.2 | |||||||||||||||