Attached files
| file | filename |
|---|---|
| 10-Q - SOUTHERN NATURAL GAS COMPANY (SNG) FORM 10Q (03-31-2011) - SOUTHERN NATURAL GAS COMPANY, L.L.C. | sng10q03312011.htm |
| EX-3.A - EXHIBIT 3.A - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit3a.htm |
| EX-32.A - EXHIBIT 32.A - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit32a.htm |
| EX-31.A - EXHIBIT 31.A - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit31a.htm |
| EX-32.B - EXHIBIT 32.B - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit32b.htm |
| EX-31.B - EXHIBIT 31.B - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit31b.htm |
Exhibit 12
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SOUTHERN NATURAL GAS COMPANY
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(IN MILLIONS, EXCEPT FOR RATIO)
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FOR THREE MONTHS ENDED
MARCH 31,
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2011
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2010
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Earnings
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| Income from continuing operations | $ | 78 | $ | 76 | ||||
| Income from equity investee | (4 | ) | (4 | ) | ||||
| Income from continuing operations before income from equity investee | $ | 74 | $ | 72 | ||||
| Fixed charges | 17 | 16 | ||||||
| Distributed income of equity investee | 1 | 3 | ||||||
| Allowance for funds used during construction | (1 | ) | - | |||||
| Totals earnings available for fixed charges | $ | 91 | $ | 91 | ||||
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Fixed charges
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| Interest and debt expense | $ | 17 | $ | 16 | ||||
| Total fixed charges | $ | 17 | $ | 16 | ||||
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Ratio of earnings to fixed charges
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5.4 | 5.7 | ||||||
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For purposes of computing these ratios, earnings means net income before:
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- income from equity investees, adjusted to reflect actual distribution from equity investments; and
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- fixed charges;
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less
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- allowance for funds used during construction.
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Fixed charges means the sum of the following:
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- interest costs;
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- amortization of debt costs; and
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- that portion of rental expense which we believe represents an interest factor which was not material for the quarter ended March 31, 2011 and 2010.
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