Attached files
| file | filename |
|---|---|
| 10-Q - VUHI 10Q - VECTREN UTILITY HOLDINGS INC | vuhi_10q.htm |
| EX-32 - EXHIBIT 32 - VECTREN UTILITY HOLDINGS INC | ex32.htm |
| EX-31.2 - EXHIBIT 31.2 - VECTREN UTILITY HOLDINGS INC | ex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - VECTREN UTILITY HOLDINGS INC | ex31_1.htm |
Exhibit 12
|
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
||||||||||||||||||||
|
(In Thousands, Except Ratios)
|
||||||||||||||||||||
|
Twelve months
|
Twelve months
|
Twelve months
|
Three months
|
Three months
|
||||||||||||||||
|
Ended
|
Ended
|
Ended
|
Ended
|
Ended
|
||||||||||||||||
|
March 31,
|
December 31,
|
December 31,
|
March 31,
|
March 31,
|
||||||||||||||||
|
2011
|
2010
|
2009
|
2011
|
2010
|
||||||||||||||||
|
Earnings: (1)
|
||||||||||||||||||||
|
Net income
|
$ | 117,062 | $ | 123,854 | $ | 107,428 | $ | 48,562 | $ | 55,354 | ||||||||||
|
Income taxes
|
71,958 | 77,100 | 59,244 | 28,566 | 33,708 | |||||||||||||||
|
Fixed Charges (See below) (2)
|
81,933 | 81,803 | 80,107 | 20,512 | 20,382 | |||||||||||||||
|
Total adjusted earnings
|
$ | 270,953 | $ | 282,757 | $ | 246,779 | $ | 97,640 | $ | 109,444 | ||||||||||
|
Fixed charges: (2)
|
||||||||||||||||||||
|
Total interest expense
|
$ | 81,533 | $ | 81,425 | $ | 79,203 | $ | 20,421 | $ | 20,313 | ||||||||||
|
Interest component of rents
|
400 | 378 | 904 | 91 | 69 | |||||||||||||||
|
Total fixed charges
|
$ | 81,933 | $ | 81,803 | $ | 80,107 | $ | 20,512 | $ | 20,382 | ||||||||||
|
Ratio of earnings to fixed charges
|
3.3 | 3.5 | 3.1 | 4.8 | 5.4 | |||||||||||||||
(1) For the purposes of computing these ratios, earnings consist of pretax net income before fixed charges.
|
(2)
|
Fixed charges consist of total interest, amortization of debt discount, premium and expense, and the estimated portion of interest implicit in rentals.
|