Attached files

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10-Q - 10-Q - QUESTAR GAS COstr10q1q2011.htm
EX-31 - EXHIBIT 31.4 - QUESTAR GAS COstr10q1q2011ex314.htm
EX-31 - EXHIBIT 31.2 - QUESTAR GAS COstr10q1q2011ex312.htm
EX-31 - EXHIBIT 31.1 - QUESTAR GAS COstr10q1q2011ex311.htm
EX-12 - EXHIBIT 12.3 - QUESTAR GAS COstr10q1q2011ex123.htm
EX-31 - EXHIBIT 31.3 - QUESTAR GAS COstr10q1q2011ex313.htm
EX-31 - EXHIBIT 31.6 - QUESTAR GAS COstr10q1q2011ex316.htm
EX-32 - EXHIBIT 32.4 - QUESTAR GAS COstr10q1q2011ex324.htm
EX-31 - EXHIBIT 31.5 - QUESTAR GAS COstr10q1q2011ex315.htm
EX-32 - EXHIBIT 32.6 - QUESTAR GAS COstr10q1q2011ex326.htm
EX-12 - EXHIBIT 12.2 - QUESTAR GAS COstr10q1q2011ex122.htm
EX-32 - EXHIBIT 32.5 - QUESTAR GAS COstr10q1q2011ex325.htm
EX-32 - EXHIBIT 32.1 - QUESTAR GAS COstr10q1q2011ex321.htm
EX-32 - EXHIBIT 32.3 - QUESTAR GAS COstr10q1q2011ex323.htm
EX-32 - EXHIBIT 32.2 - QUESTAR GAS COstr10q1q2011ex322.htm



Exhibit 12.1


Questar Corporation

Ratio of Earnings to Fixed Charges


 

3 Months Ended March 31,

 

2011

2010

 

(dollars in millions)

Earnings

 

 

Pretax income from continuing operations before

  adjustment for income or loss from equity investees

$109.7 

$113.3 

Add (deduct):

 

 

  Fixed charges

17.2 

36.4 

  Distributed income from equity investees - continuing operations

1.0 

0.8 

  Distributed income from equity investees - discontinued operations

0.6 

  Capitalized interest - continuing operations

(0.3)

(0.1)

  Capitalized interest - discontinued operations

(0.4)

  Noncontrolling Interest

(0.6)

Total Earnings

$127.6 

$150.0 

--

 

 

Fixed Charges

 

 

Interest expense - continuing operations

$16.0 

14.3 

Interest expense - discontinued operations

20.0 

Capitalized interest - continuing operations

0.3 

0.1 

Capitalized interest - discontinued operations

0.4 

Estimate of interest within rental expense - continuing operations

0.9 

1.0 

Estimate of interest within rental expense - discontinued operations

0.6 

Total Fixed Charges

$17.2 

$36.4 

--

 

 

Ratio of Earnings to Fixed Charges

7.4 

4.1 


For purposes of this presentation, earnings represent income from continuing operations before income taxes adjusted for fixed charges, earnings and distributions of equity investees. Income from continuing operations before income taxes includes Questar’s share of pretax earnings of equity investees. Fixed charges for both continuing operations and discontinued operations consist of total interest charges (expensed and capitalized), amortization of debt issuance costs and losses from reacquired debt, and the interest portion of rental expense estimated at 50%.