Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - PIEDMONT NATURAL GAS CO INC | g21566e10vk.htm |
| EX-21 - EX-21 - PIEDMONT NATURAL GAS CO INC | g21566exv21.htm |
| EX-32.1 - EX-32.1 - PIEDMONT NATURAL GAS CO INC | g21566exv32w1.htm |
| EX-32.2 - EX-32.2 - PIEDMONT NATURAL GAS CO INC | g21566exv32w2.htm |
| EX-23.1 - EX-23.1 - PIEDMONT NATURAL GAS CO INC | g21566exv23w1.htm |
| EX-31.1 - EX-31.1 - PIEDMONT NATURAL GAS CO INC | g21566exv31w1.htm |
| EX-31.2 - EX-31.2 - PIEDMONT NATURAL GAS CO INC | g21566exv31w2.htm |
| EX-10.37 - EX-10.37 - PIEDMONT NATURAL GAS CO INC | g21566exv10w37.htm |
Exhibit 12
PIEDMONT NATURAL GAS COMPANY, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
For Fiscal Years Ended October 31, 2005 through 2009
(in thousands except ratio amounts)
Computation of Ratio of Earnings to Fixed Charges
For Fiscal Years Ended October 31, 2005 through 2009
(in thousands except ratio amounts)
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Pre-tax income from continuing
operations |
$ | 169,502 | $ | 148,750 | $ | 123,547 | $ | 122,525 | $ | 131,235 | ||||||||||
Distributed income of equity
investees |
23,986 | 34,158 | 28,228 | 57,410 | 24,344 | |||||||||||||||
Fixed charges |
51,156 | 65,241 | 63,350 | 58,445 | 49,709 | |||||||||||||||
Total Adjusted Earnings |
$ | 244,644 | $ | 248,149 | $ | 215,125 | $ | 238,380 | $ | 205,288 | ||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest |
$ | 48,433 | $ | 62,763 | $ | 60,530 | $ | 55,959 | $ | 47,336 | ||||||||||
Amortization of debt expense |
789 | 773 | 746 | 561 | 439 | |||||||||||||||
One-third of rental expense |
1,934 | 1,705 | 2,074 | 1,925 | 1,934 | |||||||||||||||
Total Fixed Charges |
$ | 51,156 | $ | 65,241 | $ | 63,350 | $ | 58,445 | $ | 49,709 | ||||||||||
Ratio of Earnings to Fixed Charges |
4.78 | 3.80 | 3.40 | 4.08 | 4.13 | |||||||||||||||