Attached files
| file | filename |
|---|---|
| 10-Q - SOUTHERN NATURAL GAS COMPANY (SNG) FORM 10-Q (09.30.2009) - SOUTHERN NATURAL GAS COMPANY, L.L.C. | sng10q09302009.htm |
| EX-32.A - EXHIBIT 32.A - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit32a.htm |
| EX-31.B - EXHIBIT 31.B - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit31b.htm |
| EX-31.A - EXHIBIT 31.A - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit31a.htm |
| EX-32.B - EXHIBIT 32.B - SOUTHERN NATURAL GAS COMPANY, L.L.C. | exhibit32b.htm |
| Exhibit 12 | |||||||||
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SOUTHERN
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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| Net Income | $ | 141 | $ | 192 | |||||
| Income from equity investee | (8 | ) | (10 | ) | |||||
| Net income before income from equity investee | 133 | 182 | |||||||
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| Fixed charges | 50 | 60 | |||||||
| Distributed income of equity investees | 10 | 13 | |||||||
| Allowance for funds used during construction | (1 | ) | (3 | ) | |||||
| Total earnings available for fixed charges | $ | 192 | $ | 252 | |||||
| Fixed charges | |||||||||
| Interest and debt expense | $ | 49 | $ | 59 | |||||
| Interest component of rent | 1 | 1 | |||||||
| Total fixed charges | $ | 50 | $ | 60 | |||||
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Ratio
of earnings to fixed charges
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3.8 | 4.2 | |||||||
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For purposes
of computing these ratios, earnings means net income
before:
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- income from
equity investee, adjusted to reflect actual distribution from equity
investment; and
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- fixed
charges;
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less
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- allowance
for funds used during construction.
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Fixed charges
means the sum of the following:
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- interest
costs;
-
amortization of debt costs; and
- that
portion of rental expense which we believe represents an interest
factor.
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