NORTHWEST NATURAL GAS CO - FORM 10-K - EX-12 - EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES - February 26, 2016

Attached files

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EX-10.P - EXHIBIT 10.P EXECUTIVE ANNUAL INCENTIVE PLAN - NORTHWEST NATURAL GAS COex10p.htm
EX-10.X - EXHIBIT 10.X FORM OF LTIP AWARD AGREEMENT WITH AN EXECUTIVE OFFICER - NORTHWEST NATURAL GAS COex10x.htm
EX-10.II - EXHIBIT 10.II ANNUAL INCENTIVE PLAN FOR NW NATURAL GAS STORAGE - NORTHWEST NATURAL GAS COex10ii.htm
EX-10.BB - EXHIBIT 10.BB FORM OF RSU AWARD AGREEMENT UNDER LTIP (2016) - NORTHWEST NATURAL GAS COex10bb.htm
EX-10.W - EXHIBIT 10.W FORM OF LTIP AWARD AGREEMENT - NORTHWEST NATURAL GAS COex10w.htm
EX-23 - EXHIBIT 23 CONSENT OF AUDITORS - NORTHWEST NATURAL GAS COex232015.htm
EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - NORTHWEST NATURAL GAS COex3112015.htm
EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - NORTHWEST NATURAL GAS COex3122015.htm
EX-10.JJ - EXHIBIT 10.JJ LTIP FOR NW NATURAL GAS STORAGE - NORTHWEST NATURAL GAS COex10jj.htm
EX-32.1 - EXHIBIT 32.1 SOX CERTIFICATION - NORTHWEST NATURAL GAS COex3212015.htm
10-K - FORM 10-K - NORTHWEST NATURAL GAS COform10-k2015.htm
EX-21 - EXHIBIT 21 SUBSIDIARIES OF NW NATURAL GAS COMPANY - NORTHWEST NATURAL GAS COex212015.htm
EX-10.Y - EXHIBIT 10.Y AGREEMENT TO AMEND LONG-TERM INCENTIVE AWARD - NORTHWEST NATURAL GAS COex10y.htm
EXHIBIT 12
NORTHWEST NATURAL GAS COMPANY  
Ratios of Earnings to Fixed Charges  
(Unaudited) 
 
Year Ended December 31,
In thousands, except share data
2015
 
2014
 
2013
 
2012
 
2011
Fixed Charges, as defined:
 
 
 
 
 
 
 
 
 
Interest on Long-Term Debt
$
37,918

 
$
40,066

 
$
40,825

 
$
39,175

 
$
37,515

Other Interest
3,173

 
2,718

 
2,709

 
2,314

 
2,976

Amortization of Debt Discount and Expense
1,760

 
1,963

 
1,877

 
1,848

 
1,729

Interest Portion of Rentals
1,976

 
2,302

 
1,910

 
1,864

 
2,213

Total Fixed Charges, as defined
44,827

 
47,049

 
47,321

 
45,201

 
44,433

Earnings, as defined:
 
 

 

 

 

Net Income
53,703

 
58,692

 
60,538

 
58,779

 
63,044

Taxes on Income
35,753

 
41,643

 
41,705

 
43,403

 
42,825

Fixed Charges, as above
44,827

 
47,049

 
47,321

 
45,201

 
44,433

Total Earnings, as defined
$
134,283

 
$
147,384

 
$
149,564

 
$
147,383

 
$
150,302

Ratios of Earnings to Fixed Charges
3.00

 
3.13

 
3.16

 
3.26

 
3.38





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