Spectra Energy Partners, LP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 28, 2011

Attached files

file filename
10-K - FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2010 - Spectra Energy Partners, LPd10k.htm
EX-24.1 - POWER OF ATTORNEY - Spectra Energy Partners, LPdex241.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - Spectra Energy Partners, LPdex322.htm
EX-21.1 - SUBSIDIARIES - Spectra Energy Partners, LPdex211.htm
EX-23.3 - CONSENT OF DELOITTE & TOUCHE LLP - MARKET HUB PARTNERS HOLDING - Spectra Energy Partners, LPdex233.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - Spectra Energy Partners, LPdex311.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - SPECTRA ENERGY PARTNERS, LP - Spectra Energy Partners, LPdex231.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - Spectra Energy Partners, LPdex312.htm
EX-23.2 - CONSENT OF DELOITTE & TOUCHE LLP - GULFSTREAM NATURAL GAS SYSTEM, L.L.C. - Spectra Energy Partners, LPdex232.htm
EX-10.14 - AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT - Spectra Energy Partners, LPdex1014.htm
EX-10.12 - AMENDMENT NO. 1, DATED AS OF APRIL 8, 2008, TO THE OMNIBUS AGREEMENT - Spectra Energy Partners, LPdex1012.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - Spectra Energy Partners, LPdex321.htm

EXHIBIT 12.1

SPECTRA ENERGY PARTNERS, LP

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines.

 

     Year Ended December 31,  
     2010      2009      2008      2007      2006  
     (in millions)  

Earnings as defined for fixed charges calculation

               

Add:

               

Pretax income from continuing operations

    $ 72.4       $ 66.4       $ 38.5       $ 49.4       $ 42.3   

Fixed charges

      17.1         17.3         18.6         17.7         9.0   

Distributed income of equity investees

      87.2         144.8         71.7         22.7         20.3   

Deduct:

               

Interest capitalized

      0.1         —           0.2         0.1         0.9   
                                            

Total earnings (as defined for the Fixed Charges calculation)

    $ 176.6       $ 228.5       $ 128.6       $ 89.7       $ 70.7   
                                            

Fixed charges:

               

Interest on debt, including capitalized portions

    $ 16.4       $ 16.7       $ 18.0       $ 17.1       $ 8.6   

Estimate of interest within rental expense

      0.7         0.6         0.6         0.6         0.4   
                                            

Total fixed charges

    $ 17.1       $ 17.3       $ 18.6       $ 17.7       $ 9.0   
                                            

Ratio of earnings to fixed charges

      10.3         13.2         6.9         5.1         7.9   

 

Spectra Energy Partners, LP Reports