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EXCEL - IDEA: XBRL DOCUMENT - SOUTHERN NATURAL GAS COMPANY, L.L.C.Financial_Report.xls
EX-3.B - EX-3.B - SOUTHERN NATURAL GAS COMPANY, L.L.C.h83204exv3wb.htm
EX-3.A - EX-3.A - SOUTHERN NATURAL GAS COMPANY, L.L.C.h83204exv3wa.htm
EX-32.B - EX-32.B - SOUTHERN NATURAL GAS COMPANY, L.L.C.h83204exv32wb.htm
EX-31.B - EX-31.B - SOUTHERN NATURAL GAS COMPANY, L.L.C.h83204exv31wb.htm
EX-32.A - EX-32.A - SOUTHERN NATURAL GAS COMPANY, L.L.C.h83204exv32wa.htm
EX-31.A - EX-31.A - SOUTHERN NATURAL GAS COMPANY, L.L.C.h83204exv31wa.htm
10-Q - FORM 10-Q - SOUTHERN NATURAL GAS COMPANY, L.L.C.h83204e10vq.htm
Exhibit 12
SOUTHERN NATURAL GAS COMPANY, L.L.C.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT FOR RATIO)
                 
    FOR SIX MONTHS ENDED  
    JUNE 30,  
    2011     2010  
Earnings
               
Income from continuing operations
  $ 139     $ 136  
Income from equity investee
    (7 )     (7 )
 
           
Income from continuing operations before income from equity investee
  $ 132     $ 129  
 
               
Fixed charges
    35       34  
Distributed income of equity investee
    5       7  
Allowance for funds used during construction
    (1 )     (1 )
 
           
Totals earnings available for fixed charges
  $ 171     $ 169  
 
           
Fixed charges
               
Interest and debt expense
  $ 35     $ 34  
 
           
Total fixed charges
  $ 35     $ 34  
 
           
Ratio of earnings to fixed charges
    4.9       5.0  
 
           
 
For purposes of computing these ratios, earnings means net income 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.