Exhibit 12

 

| THE LACLEDE GROUP, INC. AND SUBSIDIARY COMPANIES              |
|---------------------------------------------------------------|
|                                                          |
| SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
|                                                          |

 

|   |   | **Twelve Months Ended** |   |  
 

 

**March 31,**

 

 

 

**September 30,**

 

(Thousands of Dollars)

 

 

2007

 

 

 

 

2006

 

 

2005

 

 

2004

 

 

2003

 

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

charges and income taxes

 

$

100,481

 

 

 

$

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)

 

 

4,705

 

 

 

 

4,514

 

 

3,250

 

 

2,333

 

 

2,873

 

 

2,662

 

Total Earnings

 

$

105,186

 

 

 

$

113,297

 

$

94,685

 

$

86,529

 

$

83,143

 

$

63,102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt –

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Laclede Gas

 

$

22,295

 

 

 

$

22,329

 

$

22,835

 

$

22,010

 

$

20,169

 

$

20,820

 

Other interest

 

 

15,059

 

 

 

 

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)

 

 

4,705

 

 

 

 

4,514

 

 

3,250

 

 

2,333

 

 

2,873

 

 

2,662

 

Total Fixed Charges

 

$

42,059

 

 

 

$

40,693

 

$

33,799

 

$

31,147

 

$

29,844

 

$

28,471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charges

 

 

2.50

 

 

 

 

2.78

 

 

2.80

 

 

2.78

 

 

2.79

 

 

2.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LACLEDE GAS COMPANY

 

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

**Twelve Months Ended**

 

 

 

**March 31,**

 

 

 

**September 30,**

 

(Thousands of Dollars)

 

 

2007

 

 

 

 

2006

 

 

2005

 

 

2004

 

 

2003

 

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

charges and income taxes

 

$

70,920

 

 

 

$

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)

 

 

1,363

 

 

 

 

1,291

 

 

938

 

 

538

 

 

457

 

 

315

 

Total Earnings

 

$

72,283

 

 

 

$

73,368

 

$

73,030

 

$

74,494

 

$

76,731

 

$

56,469

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on long-term debt

 

$

22,295

 

 

 

$

22,329

 

$

22,835

 

$

22,010

 

$

20,169

 

$

20,820

 

Other interest

 

 

11,431

 

 

 

 

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)

 

 

1,363

 

 

 

 

1,291

 

 

938

 

 

538

 

 

457

 

 

315

 

Total Fixed Charges

 

$

35,089

 

 

 

$

33,856

 

$

27,849

 

$

25,740

 

$

24,378

 

$

25,420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charges

 

 

2.06

 

 

 

 

2.17

 

 

2.62

 

 

2.89

 

 

3.15

 

 

2.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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