Attached files
| file | filename |
|---|---|
| EX-32.B - EX-32.B - El Paso Pipeline Partners, L.P. | h84358exv32wb.htm |
| EX-32.A - EX-32.A - El Paso Pipeline Partners, L.P. | h84358exv32wa.htm |
| EX-31.B - EX-31.B - El Paso Pipeline Partners, L.P. | h84358exv31wb.htm |
| EX-31.A - EX-31.A - El Paso Pipeline Partners, L.P. | h84358exv31wa.htm |
| EXCEL - IDEA: XBRL DOCUMENT - El Paso Pipeline Partners, L.P. | Financial_Report.xls |
| 10-Q - FORM 10-Q - El Paso Pipeline Partners, L.P. | h84358e10vq.htm |
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 Nine Months Ended September 30, | ||||||||
| 2011 | 2010 | |||||||
| (in millions, except for ratio) | ||||||||
Earnings |
||||||||
Income before income taxes |
$ | 419 | $ | 450 | ||||
Income from equity investees |
(12 | ) | (12 | ) | ||||
Income before income taxes before
adjustment for income from equity
investees |
407 | 438 | ||||||
Fixed charges |
190 | 145 | ||||||
Distributed income of equity investees |
10 | 34 | ||||||
Allowance for funds used during construction |
(2 | ) | (9 | ) | ||||
Total earnings available for fixed charges |
$ | 605 | $ | 608 | ||||
Fixed charges |
||||||||
Interest and debt expense |
$ | 188 | $ | 143 | ||||
Interest component of rent |
2 | 2 | ||||||
Total fixed charges |
$ | 190 | $ | 145 | ||||
Ratio of earnings to fixed charges |
3.2 | 4.2 | ||||||
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. |