Attached files
file | filename |
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EX-31.B - EXHIBIT 31.B - EL PASO NATURAL GAS CO | exhibit31b.htm |
EX-32.A - EXHIBIT 32.A - EL PASO NATURAL GAS CO | exhibit32a.htm |
EX-32.B - EXHIBIT 32.B - EL PASO NATURAL GAS CO | exhibit32b.htm |
EX-31.A - EXHIBIT 31.A - EL PASO NATURAL GAS CO | exhibit31a.htm |
10-Q - EL PASO NATURAL GAS COMPANY (EPNG) FORM 10-Q (09.30.2009) - EL PASO NATURAL GAS CO | epng10q09302009.htm |
Exhibit 12 | |||||||||
EL
PASO NATURAL GAS COMPANY
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COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
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(IN
MILLIONS, EXCEPT FOR RATIO)
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For
the Nine Months ended
September
30,
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2009
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2008
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Earnings
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Pre-tax income | $ | 161 | $ | 168 | |||||
Fixed charges | 70 | 70 | |||||||
Allowance for funds used during construction | - | (1) | |||||||
Total earnings available for fixed charges | $ | 231 | $ | 237 | |||||
Fixed
charges
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Interest and debt expense | $ | 70 | $ | 69 | |||||
Interest component of rent | 1 | 1 | |||||||
Total fixed charges | $ | 71 | $ | 70 | |||||
Ratio
of earnings to fixed charges
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3.3 | 3.4 |
For purposes
of computing these ratios, earnings means pre-tax income
before:
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- fixed
charges;
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Less
- allowance for
funds used during construction.
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Fixed charges
means the sum of the following:
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- interest
costs, not including interest on tax liabilities which is included in
income tax expense on our income statement;
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- amortization
of debt costs; and
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- that portion
of rental expense which we believe represents an interest
factor.
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