Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - VECTREN UTILITY HOLDINGS INC | Financial_Report.xls |
| 10-Q - VUHI 10Q - VECTREN UTILITY HOLDINGS INC | vuhi_10q.htm |
| EX-32 - EXHIBIT 32 - VECTREN UTILITY HOLDINGS INC | ex32.htm |
| EX-31.1 - EXHIBIT 31.1 - VECTREN UTILITY HOLDINGS INC | ex31_1.htm |
| EX-31.2 - EXHIBIT 31.2 - VECTREN UTILITY HOLDINGS INC | ex31_2.htm |
Exhibit 12
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(In Thousands, Except Ratios)
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Twelve months
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Twelve months
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Twelve months
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Three months
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Three months
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Ended
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Ended
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Ended
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Ended
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Ended
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March 31,
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December 31,
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December 31,
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March 31,
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March 31,
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2012
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2011
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2010
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2012
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2011
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Earnings: (1)
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Net income
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$ | 130,330 | $ | 122,874 | $ | 123,854 | $ | 56,018 | $ | 48,562 | ||||||||||
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Income taxes
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88,681 | 82,859 | 77,100 | 34,388 | 28,566 | |||||||||||||||
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Fixed Charges (See below) (2)
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77,936 | 80,650 | 81,803 | 17,798 | 20,512 | |||||||||||||||
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Total adjusted earnings
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$ | 296,947 | $ | 286,383 | $ | 282,757 | $ | 108,204 | $ | 97,640 | ||||||||||
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Fixed charges: (2)
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Total interest expense
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$ | 77,573 | $ | 80,281 | $ | 81,425 | $ | 17,713 | $ | 20,421 | ||||||||||
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Interest component of rents
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363 | 369 | 378 | 85 | 91 | |||||||||||||||
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Total fixed charges
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$ | 77,936 | $ | 80,650 | $ | 81,803 | $ | 17,798 | $ | 20,512 | ||||||||||
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Ratio of earnings to fixed charges
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3.8 | 3.6 | 3.5 | 6.1 | 4.8 | |||||||||||||||
(2) Fixed charges consist of total interest, amortization of debt discount, premium and expense, and the estimated portion of interest implicit in rentals.