Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - El Paso Pipeline Partners, L.P. | h81322e10vq.htm |
| EX-32.A - EX-32.A - El Paso Pipeline Partners, L.P. | h81322exv32wa.htm |
| EX-31.B - EX-31.B - El Paso Pipeline Partners, L.P. | h81322exv31wb.htm |
| EX-32.B - EX-32.B - El Paso Pipeline Partners, L.P. | h81322exv32wb.htm |
| EX-31.A - EX-31.A - El Paso Pipeline Partners, L.P. | h81322exv31wa.htm |
| EXCEL - IDEA: XBRL DOCUMENT - El Paso Pipeline Partners, L.P. | Financial_Report.xls |
Exhibit 12
EL PASO PIPELINE PARTNERS, L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| For The Three Months Ended March 31, | ||||||||
| 2011 | 2010 | |||||||
| (in millions, except for ratio) | ||||||||
Earnings |
||||||||
Income before income taxes |
$ | 163 | $ | 187 | ||||
Income from equity investees |
(4 | ) | (5 | ) | ||||
Income before income taxes before adjustment for income from equity investees |
159 | 182 | ||||||
Fixed charges |
61 | 43 | ||||||
Distributed income of equity investees |
1 | 4 | ||||||
Allowance for funds used during construction |
(1 | ) | (7 | ) | ||||
Total earnings available for fixed charges |
$ | 220 | $ | 222 | ||||
Fixed charges |
||||||||
Interest and debt expense |
$ | 60 | $ | 42 | ||||
Interest component of rent |
1 | 1 | ||||||
Total fixed charges |
$ | 61 | $ | 43 | ||||
Ratio of earnings to fixed charges |
3.6 | 5.2 | ||||||
For purposes of computing these ratios, earnings means income before income taxes before:
| — | income from equity investees, adjusted to reflect actual distributions from equity investments; and | ||
| — | fixed charges; | ||
| less | |||
| — | allowance for funds used during construction |
Fixed charges means the sum of the following:
| — | interest costs; | ||
| — | amortization of debt costs; and | ||
| — | that portion of rental expense which we believe represents an interest factor. |