Attached files
| file | filename |
|---|---|
| EX-31.B - EXHIBIT 31.B - EL PASO NATURAL GAS CO | exhibit31b.htm |
| EX-32.A - EXHIBIT 32.A - EL PASO NATURAL GAS CO | exhibit32a.htm |
| EX-32.B - EXHIBIT 32.B - EL PASO NATURAL GAS CO | exhibit32b.htm |
| EX-31.A - EXHIBIT 31.A - EL PASO NATURAL GAS CO | exhibit31a.htm |
| 10-Q - EL PASO NATURAL GAS COMPANY (EPNG) FORM 10-Q (09.30.2009) - EL PASO NATURAL GAS CO | epng10q09302009.htm |
| Exhibit 12 | |||||||||
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EL
PASO NATURAL GAS COMPANY
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COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
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(IN
MILLIONS, EXCEPT FOR RATIO)
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For
the Nine Months ended
September
30,
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2009
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2008
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Earnings
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| Pre-tax income | $ | 161 | $ | 168 | |||||
| Fixed charges | 70 | 70 | |||||||
| Allowance for funds used during construction | - | (1) | |||||||
| Total earnings available for fixed charges | $ | 231 | $ | 237 | |||||
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Fixed
charges
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| Interest and debt expense | $ | 70 | $ | 69 | |||||
| Interest component of rent | 1 | 1 | |||||||
| Total fixed charges | $ | 71 | $ | 70 | |||||
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Ratio
of earnings to fixed charges
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3.3 | 3.4 | |||||||
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For purposes
of computing these ratios, earnings means pre-tax income
before:
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- fixed
charges;
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Less
- allowance for
funds used during construction.
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Fixed charges
means the sum of the following:
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- interest
costs, not including interest on tax liabilities which is included in
income tax expense on our income statement;
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- amortization
of debt costs; and
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- that portion
of rental expense which we believe represents an interest
factor.
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