Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - NORTHWEST NATURAL GAS CO | form10-q2016q3.htm |
| EX-32.1 - EXHIBIT 32.1 CEO AND CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex321q32016.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex312q32016.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex311q32016.htm |
| EX-10.1 - EXHIBIT 10.1 FORM OF SPECIAL RSU AWARD AGREEMENT - NORTHWEST NATURAL GAS CO | ex101q32016.htm |
| EX-4.1 - EXHIBIT 4.1 TWENTY-SECOND SUPPLEMENTAL INDENTURE - NORTHWEST NATURAL GAS CO | ex41q32016.htm |
EXHIBIT 12
NORTHWEST NATURAL GAS COMPANY
Ratios of Earnings to Fixed Charges
(Unaudited)
Year Ended December 31, | Twelve Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||
In thousands, except share data | 2015 | 2014 | 2013 | 2012 | 2011 | 2016 | 2016 | ||||||||||||||||||||
Fixed Charges, as defined: | |||||||||||||||||||||||||||
Interest on Long-Term Debt | $ | 37,918 | $ | 40,066 | $ | 40,825 | $ | 39,175 | $ | 37,515 | $ | 35,863 | $ | 25,714 | |||||||||||||
Other Interest | 3,173 | 2,718 | 2,709 | 2,314 | 2,976 | 3,530 | 2,576 | ||||||||||||||||||||
Amortization of Debt Discount and Expense | 1,760 | 1,963 | 1,877 | 1,848 | 1,729 | 1,706 | 1,234 | ||||||||||||||||||||
Interest Portion of Rentals | 1,976 | 2,302 | 1,910 | 1,864 | 2,213 | 1,964 | 1,492 | ||||||||||||||||||||
Total Fixed Charges, as defined | 44,827 | 47,049 | 47,321 | 45,201 | 44,433 | 43,063 | 31,016 | ||||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||||||
Net Income | 53,703 | 58,692 | 60,538 | 58,779 | 63,044 | 60,325 | 30,620 | ||||||||||||||||||||
Taxes on Income | 35,753 | 41,643 | 41,705 | 43,403 | 42,825 | 41,103 | 21,294 | ||||||||||||||||||||
Fixed Charges, as above | 44,827 | 47,049 | 47,321 | 45,201 | 44,433 | 43,064 | 31,016 | ||||||||||||||||||||
Total Earnings, as defined | $ | 134,283 | $ | 147,384 | $ | 149,564 | $ | 147,383 | $ | 150,302 | $ | 144,492 | $ | 82,930 | |||||||||||||
Ratios of Earnings to Fixed Charges | 3.00 | 3.13 | 3.16 | 3.26 | 3.38 | 3.36 | 2.67 | ||||||||||||||||||||