Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PIEDMONT NATURAL GAS CO INC | a20161031exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - PIEDMONT NATURAL GAS CO INC | a20161031exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - PIEDMONT NATURAL GAS CO INC | a20161031exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - PIEDMONT NATURAL GAS CO INC | a20161031exhibit311.htm |
| EX-23.1 - EXHIBIT 23.1 - PIEDMONT NATURAL GAS CO INC | a20161031exhibit231.htm |
| EX-3.1 - EXHIBIT 3.1 - PIEDMONT NATURAL GAS CO INC | a20161031exhibit31.htm |
| 10-K - 10-K - PIEDMONT NATURAL GAS CO INC | pny-20161031x10xk.htm |
Exhibit 12 | ||||||||||||||||||||
PIEDMONT NATURAL GAS COMPANY, INC. AND SUBSIDIARIES | ||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
For Fiscal Years Ended October 31, 2012 through 2016 | ||||||||||||||||||||
(in millions except ratio amounts) | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income from continuing operations | $ | 153.5 | $ | 191.9 | $ | 205.1 | $ | 193.1 | $ | 171.7 | ||||||||||
Distributed income of unconsolidated affiliates | 43.8 | 26.4 | 28.8 | 26.8 | 25.0 | |||||||||||||||
Fixed charges | 82.4 | 81.3 | 72.6 | 57.5 | 47.0 | |||||||||||||||
Total Adjusted Earnings | $ | 279.7 | $ | 299.6 | $ | 306.5 | $ | 277.4 | $ | 243.7 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest | $ | 79.4 | $ | 78.4 | $ | 69.9 | $ | 54.8 | $ | 43.9 | ||||||||||
Amortization of debt expense | 1.4 | 1.3 | 1.2 | 1.0 | 1.4 | |||||||||||||||
Amortization of loss - reacquired debt | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |||||||||||||||
One-third of rental expense | 1.4 | 1.4 | 1.3 | 1.5 | 1.5 | |||||||||||||||
Total Fixed Charges | $ | 82.4 | $ | 81.3 | $ | 72.6 | $ | 57.5 | $ | 47.0 | ||||||||||
Ratio of Earnings to Fixed Charges | 3.40 | 3.68 | 4.22 | 4.82 | 5.19 | |||||||||||||||