Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - El Paso Pipeline Partners, L.P. | Financial_Report.xls |
| 10-Q - FORM 10-Q - El Paso Pipeline Partners, L.P. | d359059d10q.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - El Paso Pipeline Partners, L.P. | d359059dex312.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - El Paso Pipeline Partners, L.P. | d359059dex311.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - El Paso Pipeline Partners, L.P. | d359059dex322.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - El Paso Pipeline Partners, L.P. | d359059dex321.htm |
Exhibit 12
EL PASO PIPELINE PARTNERS, L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| For The Six Months Ended June 30, | ||||||||
| 2012 | 2011 | |||||||
| (in millions, except for ratio) | ||||||||
| Earnings |
||||||||
| Income before income taxes |
$ | 260 | $ | 329 | ||||
| Income from equity investees |
(7 | ) | (8 | ) | ||||
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| Income before income taxes before adjustment for income from equity investees |
253 | 321 | ||||||
| Fixed charges |
146 | 128 | ||||||
| Distributed income of equity investees |
6 | 6 | ||||||
| Allowance for funds used during construction |
(1 | ) | (1 | ) | ||||
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| Total earnings available for fixed charges |
$ | 404 | $ | 454 | ||||
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| Fixed charges |
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| Interest and debt expense |
$ | 145 | $ | 127 | ||||
| Interest component of rent |
1 | 1 | ||||||
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| Total fixed charges |
$ | 146 | $ | 128 | ||||
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| Ratio of earnings to fixed charges |
2.8 | 3.5 | ||||||
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For purposes of computing these ratios, earnings means income before income taxes before:
| • | income from equity investees, adjusted to reflect actual distributions from equity investments; and |
| • | fixed charges; |
less
| • | allowance for funds used during construction |
Fixed charges means the sum of the following:
| • | interest costs; |
| • | amortization of debt costs; and |
| • | that portion of rental expense which we believe represents an interest factor. |