QUESTAR PIPELINE, LLC - FORM 10-K - EX-12 - EXHIBIT 12.1 - February 28, 2011

Attached files

file filename
10-K - 10-K - QUESTAR PIPELINE, LLCstr10k4q2010.htm
EX-3 - EXHIBIT 3.2 - QUESTAR PIPELINE, LLCstr10k4q2010ex32.htm
EX-31 - EXHIBIT 31.3 - QUESTAR PIPELINE, LLCstr10k4q2010ex313.htm
EX-31 - EXHIBIT 31.6 - QUESTAR PIPELINE, LLCstr10k4q2010ex316.htm
EX-32 - EXHIBIT 32.5 - QUESTAR PIPELINE, LLCstr10k4q2010ex325.htm
EX-12 - EXHIBIT 12.2 - QUESTAR PIPELINE, LLCstr10k4q2010ex122.htm
EX-23 - EXHIBIT 23.1 - QUESTAR PIPELINE, LLCstr10k4q2010ex231.htm
EX-32 - EXHIBIT 32.4 - QUESTAR PIPELINE, LLCstr10k4q2010ex324.htm
EX-31 - EXHIBIT 31.5 - QUESTAR PIPELINE, LLCstr10k4q2010ex315.htm
EX-12 - EXHIBIT 12.3 - QUESTAR PIPELINE, LLCstr10k4q2010ex123.htm
EX-32 - EXHIBIT 32.1 - QUESTAR PIPELINE, LLCstr10k4q2010ex321.htm
EX-31 - EXHIBIT 31.2 - QUESTAR PIPELINE, LLCstr10k4q2010ex312.htm
EX-23 - EXHIBIT 23.2 - QUESTAR PIPELINE, LLCstr10k4q2010ex232.htm
EX-32 - EXHIBIT 32.2 - QUESTAR PIPELINE, LLCstr10k4q2010ex322.htm
EX-32 - EXHIBIT 32.6 - QUESTAR PIPELINE, LLCstr10k4q2010ex326.htm
EX-32 - EXHIBIT 32.3 - QUESTAR PIPELINE, LLCstr10k4q2010ex323.htm
EX-21 - EXHIBIT 21.1 - QUESTAR PIPELINE, LLCstr10k4q2010ex211.htm
EX-31 - EXHIBIT 31.1 - QUESTAR PIPELINE, LLCstr10k4q2010ex311.htm
EX-21 - EXHIBIT 21.2 - QUESTAR PIPELINE, LLCstr10k4q2010ex212.htm
EX-24 - EXHIBIT 24.1 - QUESTAR PIPELINE, LLCstr10k4q2010ex241poa.htm
EX-10 - EXHIBIT 10.2 - QUESTAR PIPELINE, LLCstr10k4q2010ex102amip.htm
EX-31 - EXHIBIT 31.4 - QUESTAR PIPELINE, LLCstr10k4q2010ex314.htm



Exhibit 12.1


Questar Corporation

Ratio of Earnings to Fixed Charges


 

12 Months Ended December 31,

 

2010

2009

2008

 

(dollars in millions)

Earnings

 

 

 

Pretax income from continuing operations before

  adjustment for income or loss from equity investees

$297.9 

$281.1 

$266.0 

Add (deduct):

 

 

 

  Fixed charges

103.9 

136.9 

136.4 

  Distributed income from equity investees - continuing operations

4.0 

3.3 

- 

  Distributed income from equity investees - discontinued operations

1.1 

1.1 

0.5 

  Capitalized interest - continuing operations

(1.2)

(1.2)

(1.2)

  Capitalized interest - discontinued operations

(0.5)

- 

(4.9)

  Noncontrolling Interest

(1.3)

(2.6)

(9.0)

Total Earnings

$403.9 

$418.6 

$387.8 

--

 

 

 

Fixed Charges

 

 

 

Interest expense - continuing operations

$  57.1 

$  59.6 

$  63.9 

Interest expense - discontinued operations

40.2 

70.1 

61.7 

Capitalized interest - continuing operations

1.2 

1.2 

1.2 

Capitalized interest - discontinued operations

0.5 

- 

4.9 

Estimate of interest within rental expense - continuing operations

3.8 

4.0 

3.0 

Estimate of interest within rental expense - discontinued operations

1.1 

2.0 

1.7 

Total Fixed Charges

$103.9 

$136.9 

$136.4 

--

 

 

 

Ratio of Earnings to Fixed Charges

3.9 

3.1 

2.8 


For purposes of this presentation, earnings represent income from continuing operations before income taxes adjusted for fixed charges, earnings and distributions of equity investees. Income from continuing operations before income taxes includes Questar’s share of pretax earnings of equity investees. Fixed charges for both continuing operations and discontinued operations 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%.







QUESTAR PIPELINE, LLC Reports