Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - El Paso Pipeline Partners, L.P. | Financial_Report.xls |
10-Q - FORM 10-Q - El Paso Pipeline Partners, L.P. | epb-2012930x10q.htm |
EX-31.1 - SECTION 302 CEO CERTIFICATION - El Paso Pipeline Partners, L.P. | epb-2012930ex311.htm |
EX-32.2 - SECTION 906 CFO CERTIFICATION - El Paso Pipeline Partners, L.P. | epb-2012930ex322.htm |
EX-32.1 - SECTION 906 CEO CERTIFICATION - El Paso Pipeline Partners, L.P. | epb-2012930ex321.htm |
EX-31.2 - SECTION 302 CFO CERTIFICATION - El Paso Pipeline Partners, L.P. | epb-2012930ex312.htm |
Exhibit 12 | |||||
EL PASO PIPELINE PARTNERS, L.P. | |||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||
Nine Months Ended September 30, | |||||
2012 | 2011 | ||||
(In millions, except for ratio) | |||||
Earnings | |||||
Income before income taxes | 411 | 460 | |||
Income from equity investees | (11 | ) | (12 | ) | |
Income before income taxes before adjustment for income from equity investees | 400 | 448 | |||
Fixed charges | 221 | 198 | |||
Distributed income of equity investees | 10 | 10 | |||
Allowance for funds used during construction | (1 | ) | (2 | ) | |
Total earnings available for fixed charges | 630 | 654 | |||
Fixed charges | |||||
Interest and debt expense | 219 | 196 | |||
Interest component of rent | 2 | 2 | |||
Total fixed charges | 221 | 198 | |||
Ratio of earnings to fixed charges | 2.9 | 3.3 |
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. |