Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 CEO AND CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex321q32017.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex312q32017.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex311q32017.htm |
| 10-Q - FORM 10-Q - NORTHWEST NATURAL GAS CO | form10-qq32017.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 | 2016 | 2015 | 2014 | 2013 | 2012 | 2017 | 2017 | ||||||||||||||||||||
Fixed Charges, as defined: | |||||||||||||||||||||||||||
Interest on Long-Term Debt | $ | 34,508 | $ | 37,918 | $ | 40,066 | $ | 40,825 | $ | 39,175 | $ | 36,309 | $ | 27,515 | |||||||||||||
Other Interest | 3,404 | 3,173 | 2,718 | 2,709 | 2,314 | 2,487 | 1,659 | ||||||||||||||||||||
Amortization of Debt Discount and Expense | 1,671 | 1,760 | 1,963 | 1,877 | 1,848 | 1,940 | 1,503 | ||||||||||||||||||||
Capitalized Interest | — | — | — | — | — | 1,634 | 1,634 | ||||||||||||||||||||
Interest Portion of Rentals | 2,048 | 1,976 | 2,302 | 1,910 | 1,864 | 2,449 | 1,893 | ||||||||||||||||||||
Total Fixed Charges, as defined | $ | 41,631 | $ | 44,827 | $ | 47,049 | $ | 47,321 | $ | 45,201 | $ | 44,819 | $ | 34,204 | |||||||||||||
Earnings, as defined: | |||||||||||||||||||||||||||
Net Income | $ | 58,895 | $ | 53,703 | $ | 58,692 | $ | 60,538 | $ | 58,779 | $ | 62,819 | $ | 34,544 | |||||||||||||
Taxes on Income | 40,714 | 35,753 | 41,643 | 41,705 | 43,403 | 41,893 | 22,473 | ||||||||||||||||||||
Fixed Charges, as above | 41,631 | 44,827 | 47,049 | 47,321 | 45,201 | 44,819 | 34,204 | ||||||||||||||||||||
Total Earnings, as defined | $ | 141,240 | $ | 134,283 | $ | 147,384 | $ | 149,564 | $ | 147,383 | $ | 149,531 | $ | 91,221 | |||||||||||||
Ratios of Earnings to Fixed Charges | 3.39 | 3.00 | 3.13 | 3.16 | 3.26 | 3.34 | 2.67 | ||||||||||||||||||||