Attached files
| file | filename |
|---|---|
| EX-5.1 - EXHIBIT 5.1 - Spectra Energy Partners, LP | v468580_ex5-1.htm |
| EX-1.1 - EXHIBIT 1.1 - Spectra Energy Partners, LP | v468580_ex1-1.htm |
| 8-K - 8-K - Spectra Energy Partners, LP | v468580_8k.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.
| Three Months Ended | ||||
| March 31, | ||||
| 2016 | ||||
| (in millions) | ||||
| Earnings as defined for fixed charges calculation | ||||
| Add: | ||||
| Pretax income from continuing operations (a) | $ | 321 | ||
| Fixed charges | 76 | |||
| Distributed income of equity investees | 27 | |||
| Deduct: | ||||
| Interest capitalized (b) | 17 | |||
| Total earnings (as defined for the Fixed Charges calculation) | $ | 407 | ||
| Fixed charges: | ||||
| Interest on debt, including capitalized portions | $ | 74 | ||
| Estimate of interest within rental expense | 2 | |||
| Total fixed charges | $ | 76 | ||
| Ratio of earnings to fixed charges | 5.4 | |||
| (a) | Excludes earnings or loss from equity investments and adjustment for noncontrolling interests. |
| (b) | Excludes equity costs related to allowance for funds used during construction that are included in Other Income and Expenses, Net in the Consolidated Statements of Operations. |