Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - NORTHWEST NATURAL GAS CO | Financial_Report.xls |
| 10-Q - FORM 10-Q - NORTHWEST NATURAL GAS CO | form10q.htm |
| EX-32.1 - CEO ANF CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex32.htm |
| EX-31.1 - CEO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex31-1.htm |
| EX-10.1 - EXHIBIT 10.1 - CARRY AND EARNING AGREEMENT - NORTHWEST NATURAL GAS CO | ex10-1.htm |
| EX-31.2 - CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | ex31-2.htm |
|
EXHIBIT 12
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NORTHWEST NATURAL GAS COMPANY
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Ratio of Earnings to Fixed Charges
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Thousands, except per share amount
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(Unaudited)
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12 Months
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Three Months(1)
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Ended
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Ended
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Year Ended December 31,
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Mar 31,
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Mar 31,
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2010
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2009
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2008
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2007
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2006
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2011
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2011
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Fixed Charges, as defined:
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Interest on Long-Term Debt
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$
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39,198
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$
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37,447
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$
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33,605
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$
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34,294
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$
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34,651
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$
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38,645
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$
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9,281
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Other Interest
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1,587
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1,937
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4,022
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4,116
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4,648
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1,747
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448
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Amortization of Debt Discount and Expense
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1,766
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1,503
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700
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711
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716
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1,751
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428
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Interest Portion of Rentals
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2,130
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1,735
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1,551
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1,523
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1,465
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2,341
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620
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Total Fixed Charges, as defined
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$
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44,681
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$
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42,622
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$
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39,878
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$
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40,644
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$
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41,480
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$
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44,484
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$
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10,777
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Earnings, as defined:
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Net Income
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$
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72,667
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$
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75,122
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$
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69,525
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$
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74,497
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$
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63,415
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$
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69,832
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$
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40,773
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Taxes on Income
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49,462
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46,671
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40,678
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44,060
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36,234
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47,280
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27,854
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Fixed Charges, as above
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44,681
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42,622
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39,878
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40,644
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41,480
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44,484
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10,777
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Total Earnings, as defined
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$
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166,810
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$
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164,415
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$
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150,081
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$
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159,201
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$
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141,129
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$
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161,596
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$
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79,404
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Ratio of Earnings to Fixed Charges
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3.73
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3.86
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3.76
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3.92
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3.40
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3.63
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7.37
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(1)
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A significant part of the business of NW Natural is of a seasonal nature; therefore, the ratios of earnings to fixed charges for the interim periods are not necessarily indicative of the results for a full year.
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