Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - Spectra Energy Partners, LP | d459869dex51.htm |
| EX-4.4 - EX-4.4 - Spectra Energy Partners, LP | d459869dex44.htm |
| EX-1.1 - EX-1.1 - Spectra Energy Partners, LP | d459869dex11.htm |
| 8-K - 8-K - Spectra Energy Partners, LP | d459869d8k.htm |
Exhibit 12.1
SPECTRA ENERGY PARTNERS, LP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The ratio of earnings to fixed charges is calculated using the Securities and Exchange Commission guidelines.
| Six Months Ended June 30, |
||||
| 2016 | ||||
| (in millions) | ||||
| Earnings as defined for fixed charges calculation |
||||
| Add: |
||||
| Pretax income from continuing operations (a) |
$ | 568 | ||
| Fixed charges |
137 | |||
| Distributed income of equity investees |
52 | |||
| Deduct: |
||||
| Interest capitalized (b) |
22 | |||
|
|
|
|||
| Total earnings (as defined for the Fixed Charges calculation) |
$ | 735 | ||
|
|
|
|||
| Fixed charges: |
||||
| Interest on debt, including capitalized portions |
$ | 134 | ||
| Estimate of interest within rental expense |
3 | |||
|
|
|
|||
| Total fixed charges |
$ | 137 | ||
|
|
|
|||
| Ratio of earnings to fixed charges |
5.4 | |||
| (a) | Excludes noncontrolling interests and earnings or loss from equity investments. |
| (b) | Excludes equity costs related to allowance for funds used during construction that are included in Other Income and Expenses, Net in the Condensed Consolidated Statements of Operations. |