Attached files
| file | filename |
|---|---|
| 10-K - 10-K - QUESTAR PIPELINE, LLC | qpc10k4q2009.htm |
| EX-32 - EXHIBIT 32 - QUESTAR PIPELINE, LLC | qpc10k4q2009ex32.htm |
| EX-23 - EXHIBIT 23.1 - QUESTAR PIPELINE, LLC | qpc10k4q2009ex231.htm |
| EX-31 - EXHIBIT 31.2 - QUESTAR PIPELINE, LLC | qpc10k4q2009ex312.htm |
| EX-31 - EXHIBIT 31.1 - QUESTAR PIPELINE, LLC | qpc10k4q2009ex311.htm |
| EX-24 - EXHIBIT 24 - QUESTAR PIPELINE, LLC | qpc10k4q2009ex24poa.htm |
Exhibit 12.
Questar Pipeline and Subsidiaries
Ratio of Earnings to Fixed Charges
| Year Ended December 31, | |||
| 2009 | 2008 | 2007 | |
| (dollars in millions) | |||
Earnings |
|
|
| |
Income before income taxes and adjustment for income or loss from equity investee | $ 88.2 | $ 90.8 | $71.7 | |
Add (deduct): |
|
|
| |
Fixed charges | 32.2 | 34.8 | 30.2 | |
Distributed income from equity investee | 3.3 |
|
| |
Capitalized interest | (0.9) | (0.4) | (7.3) | |
Total Earnings | $122.8 | $125.2 | $94.6 | |
|
|
|
| |
Fixed Charges |
|
|
| |
Interest expense | $ 29.5 | $ 32.7 | $21.7 | |
Capitalized interest | 0.9 | 0.4 | 7.3 | |
Estimate of the interest within rental expense | 1.8 | 1.7 | 1.2 | |
Total Fixed Charges | $ 32.2 | $ 34.8 | $30.2 | |
|
|
|
| |
Ratio of Earnings to Fixed Charges | 3.8 | 3.6 | 3.1 | |
For purposes of this presentation, earnings represent income before income taxes adjusted for fixed charges, earnings and distributions of equity investee. Income before income taxes includes Questar Pipeline’s share of pretax earnings of equity investee. Fixed charges consist of total interest charges (expensed and capitalized), amortization of debt issuance costs and losses from reacquired debt, and the interest portion of rental expense estimated at 50%.