NORTHWEST NATURAL GAS CO - FORM 10-K - EX-12 - STATEMENT RE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - February 26, 2010

Attached files

file filename
10-K - FORM 10K - NORTHWEST NATURAL GAS COd10k.htm
EX-4.I - MODIFICATION MATURITY DATE -CHASE OCTOBER 29 2009 - NORTHWEST NATURAL GAS COdex4i.htm
EX-23 - CONSENT OF PRICEWATERHOUSECOOPERS LLP - NORTHWEST NATURAL GAS COdex23.htm
EX-4.K - AGENT MODIFICATION AUGUST 2009 - NORTHWEST NATURAL GAS COdex4k.htm
EX-10.N - EXECUTIVE ANNAUL INCENTIVE PLAN FEB 2010 - NORTHWEST NATURAL GAS COdex10n.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL OFFICER - NORTHWEST NATURAL GAS COdex321.htm
EX-10.H - STOCK OPTION AGREEMENT FEB 2010 - NORTHWEST NATURAL GAS COdex10h.htm
EX-31.2 - CERTIFICATION OF FINANCIAL OFFICER - NORTHWEST NATURAL GAS COdex312.htm
EX-10.B - ESRIP 2010 RESTATEMENT DEC 2009 - NORTHWEST NATURAL GAS COdex10b.htm
EX-10.O - RECOUPMENT PROVISIONS DEC 21 2009 - NORTHWEST NATURAL GAS COdex10o.htm
EX-10.C - SERP 2010 RESTATEMENT DEC 2009 - NORTHWEST NATURAL GAS COdex10c.htm
EX-10.K - DCP 2010 RESTATEMENT DEC 2009 - NORTHWEST NATURAL GAS COdex10k.htm
EX-10.S - LONG TERM INCENTIVE AGREEMENT 2010 FEB 2010 - NORTHWEST NATURAL GAS COdex10s.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - NORTHWEST NATURAL GAS COdex311.htm
EX-10.L - INDEMNITY AGREEMENT 2009 - NORTHWEST NATURAL GAS COdex10l.htm
EX-10.L(1) - INDEMNITY AGREEMENT PRE 2009 - NORTHWEST NATURAL GAS COdex10l-1.htm
EX-10.Z - LTIP AWARD AGREEMENT WHITE STORAGE - NORTHWEST NATURAL GAS COdex10z.htm

EXHIBIT 12

NORTHWEST NATURAL GAS COMPANY
Statement Re:  Ratio of Earnings to Fixed Charges
Thousands, except per share amounts
(Unaudited)



   
Year Ended December 31,
  
   
2009
    
2008
    
2007
    
2006
    
2005
  
Fixed Charges, as defined:
                              
Interest on Long-Term Debt
   $ 37,447     $ 33,605     $ 34,294     $ 34,651     $ 34,330  
Other Interest
     1,937       4,022       4,116       4,648       2,665  
Amortization of Debt Discount and Expense
     1,503       700       711       716       808  
Interest Portion of Rentals
     1,735       1,551       1,523       1,465       1,357  
Total Fixed Charges, as defined
   $ 42,622     $ 39,878     $ 40,644     $ 41,480     $ 39,160  
Earnings, as defined:
                                        
Net Income
   $ 75,122     $ 69,525     $ 74,497     $ 63,415     $ 58,149  
Taxes on Income
     46,671       40,678       44,060       36,234       32,720  
Fixed Charges, as above
     42,622       39,878       40,644       41,480       39,160  
Total Earnings, as defined
   $ 164,415     $ 150,081     $ 159,201     $ 141,129     $ 130,029  
Ratio of Earnings to Fixed Charges
     3.86       3.76       3.92       3.40       3.32  


Stock widget

Investing forum

NORTHWEST NATURAL GAS CO Reports