Spectra Energy Partners, LP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 11, 2010

Attached files

file filename
10-K - FORM 10-K - Spectra Energy Partners, LPd10k.htm
EX-31.1 - CEO 302 CERTIFICATION - Spectra Energy Partners, LPdex311.htm
EX-32.2 - CFO 906 CERTIFICATION - Spectra Energy Partners, LPdex322.htm
EX-24.1 - POWER OF ATTORNEY - Spectra Energy Partners, LPdex241.htm
EX-23.2 - CONSENT OF DELOITTE & TOUCHE LLP - Spectra Energy Partners, LPdex232.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - Spectra Energy Partners, LPdex231.htm
EX-21.1 - SUBSIDIARY LIST - Spectra Energy Partners, LPdex211.htm
EX-32.1 - CEO 906 CERTIFICATION - Spectra Energy Partners, LPdex321.htm
EX-31.2 - CFO 302 CERTIFICATION - Spectra Energy Partners, LPdex312.htm
EX-23.3 - CONSENT OF DELOITTE & TOUCHE LLP - Spectra Energy Partners, LPdex233.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.

 

     Year Ended December 31,
     2009    2008    2007    2006    2005
     (in millions)

Earnings as defined for fixed charges calculation

               

Add:

               

Pretax income from continuing operations

    $ 66.4    $ 38.5    $ 49.4    $ 42.3    $ 21.4

Fixed charges

      17.3      18.6      17.7      9.0      9.1

Distributed income of equity investees

      144.8      71.7      22.7      20.3      181.8

Deduct:

               

Interest capitalized

      —      0.2      0.1      0.9      0.8
                                  

Total earnings (as defined for the Fixed Charges calculation)

    $ 228.5    $ 128.6    $ 89.7    $ 70.7    $ 211.5
                                  

Fixed charges:

               

Interest on debt, including capitalized portions

    $ 16.7    $ 18.0    $ 17.1    $ 8.6    $ 8.7

Estimate of interest within rental expense

      0.6      0.6      0.6      0.4      0.4
                                  

Total fixed charges

    $ 17.3    $ 18.6    $ 17.7    $ 9.0    $ 9.1
                                  

Ratio of earnings to fixed charges

      13.2      6.9      5.1      7.9      23.2

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