Attached files
| file | filename |
|---|---|
| 10-K - VUHI 10K - VECTREN UTILITY HOLDINGS INC | vuhi10k.htm |
| EX-32 - EXHIBIT 32 - VECTREN UTILITY HOLDINGS INC | ex32.htm |
| EX-31.2 - EXHIBIT 31.2 - VECTREN UTILITY HOLDINGS INC | ex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - VECTREN UTILITY HOLDINGS INC | ex31_1.htm |
| EX-23.1 - EXHIBIT 23 - VECTREN UTILITY HOLDINGS INC | ex23_1.htm |
| EX-21.1 - EXHIBIT 21.1 - VECTREN UTILITY HOLDINGS INC | ex21_1.htm |
Exhbit 12
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(In Thousands, Except Ratios)
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Twelve months Ended
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Twelve months Ended
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Twelve months Ended
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Twelve months Ended
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Twelve months Ended
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December 31,
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December 31,
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December 31,
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December 31,
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December 31,
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2010
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2009
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2008
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2007
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2006
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Earnings: (1)
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Net income
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$ | 123,854 | $ | 107,428 | $ | 111,136 | $ | 106,506 | $ | 91,377 | ||||||||||
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Income taxes
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77,100 | 59,244 | 67,560 | 66,741 | 47,691 | |||||||||||||||
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Fixed Charges (See below) (2)
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81,803 | 80,107 | 80,611 | 81,145 | 78,345 | |||||||||||||||
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Total adjusted earnings
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$ | 282,757 | $ | 246,779 | $ | 259,307 | $ | 254,392 | $ | 217,413 | ||||||||||
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Fixed charges: (2)
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Total interest expense
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$ | 81,425 | $ | 79,203 | $ | 79,877 | $ | 80,576 | $ | 77,538 | ||||||||||
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Interest component of rents
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378 | 904 | 734 | 569 | 807 | |||||||||||||||
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Total fixed charges
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$ | 81,803 | $ | 80,107 | $ | 80,611 | $ | 81,145 | $ | 78,345 | ||||||||||
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Ratio of earnings to fixed charges
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3.5 | 3.1 | 3.2 | 3.1 | 2.8 | |||||||||||||||
(1) For the purposes of computing these ratios, earnings consist of pretax net income before fixed charges.
(2) Fixed charges consist of total interest, amortization of debt discount, premium and expense, and the estimated portion of
interest implicit in rentals.