Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - TC PIPELINES LP | Financial_Report.xls |
| 10-K - 10-K - TC PIPELINES LP | a2202076z10-k.htm |
| EX-31.2 - EX-31.2 - TC PIPELINES LP | a2202076zex-31_2.htm |
| EX-21.1 - EX-21.1 - TC PIPELINES LP | a2202076zex-21_1.htm |
| EX-31.1 - EX-31.1 - TC PIPELINES LP | a2202076zex-31_1.htm |
| EX-32.2 - EX-32.2 - TC PIPELINES LP | a2202076zex-32_2.htm |
| EX-23.3 - EX-23.3 - TC PIPELINES LP | a2202076zex-23_3.htm |
| EX-23.1 - EX-23.1 - TC PIPELINES LP | a2202076zex-23_1.htm |
| EX-23.2 - EX-23.2 - TC PIPELINES LP | a2202076zex-23_2.htm |
| EX-32.1 - EX-32.1 - TC PIPELINES LP | a2202076zex-32_1.htm |
| EX-10.1.1 - EX-10.1.1 - TC PIPELINES LP | a2202076zex-10_11.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
December 31 (millions of dollars) |
|
2010 |
|
2009(a) |
|
2008(a) |
|
2007(a) |
|
2006(a) |
|
|
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
Net income before adjustment for income from equity investees |
|
11.1 |
|
6.7 |
|
0.4 |
|
15.5 |
|
13.4 |
|
|
Fixed charges |
|
25.4 |
|
30.1 |
|
36.8 |
|
41.8 |
|
23.3 |
|
|
Distributed income of equity investees |
|
126.0 |
|
99.4 |
|
122.6 |
|
110.2 |
|
62.5 |
|
|
Total Earnings |
|
162.5 |
|
136.2 |
|
159.8 |
|
136.5 |
|
72.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expensed and capitalized |
|
24.9 |
|
29.7 |
|
36.3 |
|
41.4 |
|
22.4 |
|
|
Amortization of other assets |
|
0.5 |
|
0.4 |
|
0.5 |
|
0.4 |
|
0.9 |
|
|
Total Fixed Charges |
|
25.4 |
|
30.1 |
|
36.8 |
|
41.8 |
|
23.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings/Fixed Charges |
|
6.40x |
|
4.52x |
|
4.34x |
|
3.27x |
|
3.11x |
|
(a) The acquisition of North Baja in 2009 was accounted for as a transaction between entities under common control similar to a pooling of interests and the Partnership’s historical financial information was recast to include North Baja for all periods presented. The ratios presented reflect the recast historical financial information.