TENNESSEE GAS PIPELINE COMPANY, L.L.C. - FORM 10-K - EX-12 - EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES - March 1, 2010

Attached files

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EX-23 - EXHIBIT 23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (E&Y) - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit23.htm
EX-3.A - EXHIBIT 3.A - RESTATED CERTIFICATE OF INCORPORATION (5-11-1999) - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit3_a.htm
EX-31.B - EXHIBIT 31.B - 302 CERTIFICATION OF CHIEF FINANCIALOFFICER - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit31_b.htm
EX-10.B - EXHIBIT 10.B - THIRD A&R SECURITY AGREEMENT (11-16-2007) - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit10_b.htm
EX-31.A - EXHIBIT 31.A - 302 CERTIFICATION OF PRICIPAL EXECUTIVE OFFICER - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit31_a.htm
EX-32.B - EXHIBIT 32.B - 906 CERTIFICATION OF CHIEF FINANCIALOFFICER - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit32_b.htm
EX-32.A - EXHIBIT 32.A - 906 CERTIFICATION OF PRICIPAL EXECUTIVE OFFICER - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit32_a.htm
EX-10.A - EXHIBIT 10.A - THIRD A&R CREDIT AGREEMENT (11-16-2007) - TENNESSEE GAS PIPELINE COMPANY, L.L.C.exhibit10_a.htm
10-K - TENNESSEE GAS PIPELINE COMPANY (TGP) 2009 FORM 10-K - TENNESSEE GAS PIPELINE COMPANY, L.L.C.tgp200910k.htm
 
 
Exhibit 12
 

 
TENNESSEE GAS COMPANY
  
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
  
(IN MILLIONS,  EXCEPT FOR RATIO)  
   
 
  
 
                          
 
                              
   
FOR THE YEARS ENDED DECEMBER 31,
  
   
2009
    
2008
    
2007
    
2006
    
2005
  
Earnings
                              
Income before income taxes
   $ 206     $ 182     $ 244     $ 202     $ 130  
Income from equity investee
   $ (11 )   $ (13 )   $ (13 )   $ (15 )   $ (14 )
Pre-tax income before income from equity investee
   $ 195     $ 169     $ 231     $ 187     $ 116  
                                         
Fixed charges
     161       141       139       137       135  
Distributed income of equity investee
     13       16       27       17       64  
 Allowance for fund used during construction
     (3 )     (3 )     (6 )     (5 )     (2 )
Totals earnings available for fixed charges
   $ 366     $ 323     $ 391     $ 336     $ 313  
                                         
Fixed charges
                                        
Interest and debt cost
   $ 160     $ 140     $ 138     $ 136     $ 134  
Interest component of rent
     1       1       1       1       1  
                                         
Total fixed charges
   $ 161     $ 141     $ 139     $ 137     $ 135  
                                         
Ratio of earnings to fixed charges
     2.3       2.3       2.8       2.5       2.3  
                                         
                                         
                                         
 
For purpose of computing these ratios, earnings mens pre-tax income before:
    
 
- income form equity investee, adjusted to reflect actual distribution from equity investment; and
    
 
- fixed chages;
                  
less
                          
 
- allowance for fund used during construction
              
                           
Fixed charges means the sum of the following:
                
 
- interest costs, not including interest on tax liabilities which is included in income tax expense on our income statement;
 
- amortization of debt costs; and
                
 
- that portion of rental expense which we believe represents an interest factor.
        
 
 
 
 
 

TENNESSEE GAS PIPELINE COMPANY, L.L.C. Reports