<TABLE>
Nicor Gas Company
Form 10-Q
Exhibit 12.01
Nicor Gas Company
Computation of Consolidated Ratio of Earnings to Fixed Charges
(thousands)
<CAPTION>
Twelve
Months ended
June 30, ---------------------------------------------------
2000 1999 1998 1997 1996 1995
--------- ---------- --------- --------- -------- ----------
Earnings available to cover fixed charges:
<S> <C> <C> <C> <C> <C> <C>
Net income $ 102,454 $ 96,142 $ 94,119 $ 106,922 $ 107,106 $ 85,448
Add: Income taxes 59,821 55,896 55,299 64,714 63,579 49,881
Fixed charges 38,576 38,914 44,870 46,886 46,747 39,400
Allowance for funds used
during construction (189) (118) (269) (11) (5) (911)
--------- --------- --------- --------- --------- ---------
$ 200,662 $ 190,834 $ 194,019 $ 218,511 $ 217,427 $ 173,818
========= ========= ========= ========= ========= =========
Fixed charges:
Interest on debt $ 38,388 $ 39,245 $ 42,624 $ 45,246 $ 43,762 $ 38,129
Other interest charges and
amortization of debt
discount, premium, and
expense, net 188 (331) 2,246 1,640 2,985 1,271
--------- --------- --------- --------- -------- --------
$ 38,576 $ 38,914 $ 44,870 $ 46,886 $ 46,747 $ 39,400
========= ========= ========= ========= ======== ========
Ratio of earnings to
fixed charges 5.20 4.90 4.32 4.66 4.65 4.41
========= ========= ========= ========= ======== ========
</TABLE>
