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Previous: IROQUOIS GAS TRANSMISSION SYSTEM LP, S-4, EX-10.9, 2000-07-28 |
Next: IROQUOIS GAS TRANSMISSION SYSTEM LP, S-4, EX-21.1, 2000-07-28 |
<TABLE>
<CAPTION>
EXHIBIT 12.1
IROQUOIS GAS TRANSMISSION SYSTEM, L.P.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
Three Months Six Months
Year Ended December 31, Ended Ended
Earnings to Fixed Charges: 1995 1996 1997 1998 1999 Mar. 31, 2000 Jun. 30, 2000
---- ---- ---- ---- ---- ------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
Income (loss) before taxes on income: 22,539 54,267 56,494 52,765 39,758 14,625 22,994
Adjustments:
Fixed Charges 40,492 37,922 35,409 33,169 30,621 7,480 14,752
------ ------ ------ ------ ------ ------ ------
Earnings before taxes and fixed
charges as adjusted 63,031 92,189 91,903 85,934 70,379 22,105 37,746
Fixed Charges:
Interest incurred 40,482 37,922 35,409 33,169 30,621 7,480 14,752
Interest Portion of Rent
Expense - - - - - - -
------ ------ ------ ------ ------ ------ ------
Total Fixed Charges 40,492 37,922 35,409 33,169 30,621 7,480 14,752
Excess of earnings over fixed charges 1.56 2.43 2.60 2.59 2.30 2.96 2.56
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</TABLE>
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