Exhibit 12

THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES

 

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

|                                                                                                                             |   | **Fiscal Year Ended September 30,** |    |
|----------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|---------|
|                                                                                                                             |   | **2006**                            |    | **2005** |   | **2004** |   | **2003** |   | **2002** |   |
| (Thousands of Dollars)                                                                                                           |   |                                |    |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest   charges and income taxes                                                                 |   | $                                   | 108,783 |   | $ | 91,435 |   | $ | 84,196 |   | $ | 80,270 |   | $ | 60,440 |   |
| Add: One third of          

applicable rentals     

charged to operating 

expense (which 

approximates the

interest factor) |   |                                | 4,514   |   |   | 3,250 |   |   | 2,333 |   |   | 2,873 |   |   | 2662 |   |
| Total Earnings                                                                                                                   |   | $                                   | 113,297 |   | $ | 94,685 |   | $ | 86,529 |   | $ | 83,143 |   | $ | 63,102 |   |
|                                                                                                                             |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest on long-term debt                                                                                                       |   | $                                   | 22,329  |   | $ | 22,835 |   | $ | 22,010 |   | $ | 20,169 |   | $ | 20,820 |   |
| Other Interest                                                                                                                   |   |                                | 13,850  |   |   | 7,714 |   |   | 6,804 |   |   | 6,802 |   |   | 4,989 |   |
| Add: One third of          

applicable rentals     

charged to operating 

expense (which 

approximates the

interest factor) |   |                                | 4,514   |   |   | 3,250 |   |   | 2,333 |   |   | 2,873 |   |   | 2,662 |   |
| Total Fixed Charges                                                                                                              |   | $                                   | 40,693  |   | $ | 33,799 |   | $ | 31,147 |   | $ | 29,844 |   | $ | 28,471 |   |
|                                                                                                                             |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of Earnings to Fixed    Charges                                                                             |   |                                | 2.78    |   |   | 2.80 |   |   | 2.78 |   |   | 2.79 |   |   | 2.22 |   |
|                                                                                                                             |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

 

 

 

 

 

 

 

LACLEDE GAS COMPANY

 

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

|                                                                                                                             |   | **Fiscal Year Ended September 30,** |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                                                                                             |   | **2006**                            |   | **2005** |   | **2004** |   | **2003** |   | **2002** |   |
| (Thousands of Dollars)                                                                                                           |   |                                |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before interest   charges and income taxes                                                                 |   | $                                   | 72,077 |   | $ | 72,092 |   | $ | 73,956 |   | $ | 76,274 |   | $ | 56,154 |   |
| Add: One third of          

applicable rentals     

charged to operating 

expense (which 

approximates the

interest factor) |   |                                | 1,291  |   |   | 938 |   |   | 538 |   |   | 457 |   |   | 315 |   |
| Total Earnings                                                                                                                   |   | $                                   | 73,368 |   | $ | 73,030 |   | $ | 74,494 |   | $ | 76,731 |   | $ | 56,469 |   |
|                                                                                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest on long-term debt                                                                                                       |   | $                                   | 22,329 |   | $ | 22,835 |   | $ | 22,010 |   | $ | 20,169 |   | $ | 20,820 |   |
| Other Interest                                                                                                                   |   |                                | 10,236 |   |   | 4,076 |   |   | 3,192 |   |   | 3,752 |   |   | 4,285 |   |
| Add: One third of          

applicable rentals     

charged to operating 

expense (which 

approximates the

interest factor) |   |                                | 1,291  |   |   | 938 |   |   | 538 |   |   | 457 |   |   | 315 |   |
| Total Fixed Charges                                                                                                              |   | $                                   | 33,856 |   | $ | 27,849 |   | $ | 25,740 |   | $ | 24,378 |   | $ | 25,420 |   |
|                                                                                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of Earnings to Fixed    Charges                                                                             |   |                                | 2.17   |   |   | 2.62 |   |   | 2.89 |   |   | 3.15 |   |   | 2.22 |   |
|                                                                                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |