Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - NORTHWEST NATURAL GAS CO | nwn-2015x630x10q.htm |
| EX-32.1 - EXHIBIT 32.1 CEO AND CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | nwn-2015x630x10qxexhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - NORTHWEST NATURAL GAS CO | nwn-2015x630x10qxexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - NORTHWEST NATURAL GAS CO | nwn-2015x630x10qxexhibit311.htm |
EXHIBIT 12
NORTHWEST NATURAL GAS COMPANY
Ratios of Earnings to Fixed Charges
(Unaudited)
Year Ended December 31, | 12 Months Ended June 30, | Six Months Ended June 30, (1) | |||||||||||||||||||||||||
In thousands, except share data | 2014 | 2013 | 2012 | 2011 | 2010 | 2015 | 2015 | ||||||||||||||||||||
Fixed Charges, as defined: | |||||||||||||||||||||||||||
Interest on Long-Term Debt | $ | 40,066 | $ | 40,825 | $ | 39,175 | $ | 37,515 | $ | 39,198 | $ | 37,935 | $ | 18,811 | |||||||||||||
Other Interest | 2,718 | 2,709 | 2,314 | 2,976 | 1,587 | 2,873 | 1,420 | ||||||||||||||||||||
Amortization of Debt Discount and Expense | 1,963 | 1,877 | 1,848 | 1,729 | 1,766 | 1,740 | 863 | ||||||||||||||||||||
Interest Portion of Rentals | 2,302 | 1,910 | 1,864 | 2,213 | 2,130 | 2,230 | 1,001 | ||||||||||||||||||||
Total Fixed Charges, as defined | 47,049 | 47,321 | 45,201 | 44,433 | 44,681 | 44,778 | 22,095 | ||||||||||||||||||||
Earnings, as defined: | |||||||||||||||||||||||||||
Net Income | 58,692 | 60,538 | 58,779 | 63,044 | 72,013 | 50,420 | 30,683 | ||||||||||||||||||||
Taxes on Income | 41,643 | 41,705 | 43,403 | 42,825 | 49,033 | 34,375 | 20,497 | ||||||||||||||||||||
Fixed Charges, as above | 47,049 | 47,321 | 45,201 | 44,433 | 44,681 | 44,778 | 22,095 | ||||||||||||||||||||
Total Earnings, as defined | $ | 147,384 | $ | 149,564 | $ | 147,383 | $ | 150,302 | $ | 165,727 | $ | 129,573 | $ | 73,275 | |||||||||||||
Ratios of Earnings to Fixed Charges | 3.13 | 3.16 | 3.26 | 3.38 | 3.71 | 2.89 | 3.32 | ||||||||||||||||||||
(1) | 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. |