Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - SOUTHERN Co GAS | q32015ex311.htm |
| EX-31.2 - EXHIBIT 31.2 - SOUTHERN Co GAS | q32015ex312.htm |
| EX-32.2 - EXHIBIT 32.2 - SOUTHERN Co GAS | q32015ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - SOUTHERN Co GAS | q32015ex321.htm |
| 10-Q - FORM 10-Q - SOUTHERN Co GAS | q3201510-q.htm |
Exhibit 12
AGL Resources Inc.
Statement Setting Forth Ratio of Earnings to Fixed Charges
Nine months ended September 30, | Fiscal | Fiscal | Fiscal | Fiscal | Fiscal | |||||||||||||
Dollars in millions | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||
Earnings from continuing operations before income taxes (1) | $ | 257 | $ | 922 | $ | 482 | $ | 418 | $ | 300 | $ | 390 | ||||||
Add: | ||||||||||||||||||
Fixed charges (see “B” below) | 137 | 188 | 189 | 202 | 146 | 123 | ||||||||||||
Amortization of capitalized interest (2) | — | — | — | — | 1 | — | ||||||||||||
Distributed income of equity investees | 4 | 8 | 3 | 13 | — | — | ||||||||||||
Less: | ||||||||||||||||||
Interest capitalized (2) | 2 | — | — | 1 | 1 | 5 | ||||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | 15 | 18 | 18 | 15 | 14 | 16 | ||||||||||||
Adjusted earnings (A) | $ | 381 | $ | 1,100 | $ | 656 | $ | 617 | $ | 432 | $ | 492 | ||||||
Fixed charges | ||||||||||||||||||
Interest on long-term debt | 131 | 185 | 182 | 177 | 101 | 109 | ||||||||||||
Other interest, including amortized premiums, discounts and capitalized expenses related to indebtedness liability | 1 | (4 | ) | (5 | ) | 12 | 38 | 7 | ||||||||||
Estimated interest components of rentals | 5 | 7 | 12 | 13 | 7 | 7 | ||||||||||||
Total fixed charges (B) | $ | 137 | $ | 188 | $ | 189 | $ | 202 | $ | 146 | $ | 123 | ||||||
Ratio of earnings to fixed charges (A)/(B) | 2.78 | 5.85 | 3.47 | 3.05 | 2.96 | 4.00 | ||||||||||||
(1) | Excludes distributed income of equity investees. |
(2) | Includes interest capitalized and related amortization for our nonregulated segments. |