COLORADO INTERSTATE GAS CO
8-K, 1997-06-25
NATURAL GAS TRANSMISSION
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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT
    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report: June 25, 1997
Date of earliest event reported: June 24, 1997

                        COLORADO INTERSTATE GAS COMPANY
            (Exact name of registrant as specified in its charter)


        Delaware                    1-4874                   84-0173305 
(State or other jurisdiction     (Commission              (I.R.S. Employer
     of incorporation)           File Number)            Identification No.)


         Two North Nevada Avenue
        Colorado Springs, Colorado                            80903-1727
(Address of principal executive offices)                      (Zip Code)


      Registrant's telephone number, including area code: (719) 473-2300


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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     (c) Exhibits.

          (12) Ratio of Earnings to Fixed Charges.





                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                        COLORADO INTERSTATE GAS COMPANY
                                                 (Registrant)


                                                    COBY C. HESSE
Date: June 25, 1997                     By: ___________________________ 
                                                    Coby C. Hesse
                                              Executive Vice President

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                                                                      EXHIBIT 12

               COLORADO INTERSTATE GAS COMPANY AND SUBSIDIARIES
               COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                            (DOLLARS IN THOUSANDS)

<TABLE> 
<CAPTION> 
                                                                                         THREE MONTHS 
                                                                                            ENDED
                                              YEAR ENDED DECEMBER 31,                     MARCH 31,   
                                ---------------------------------------------------   ------------------     
                                 1992      1993        1994       1995       1996      1996       1997
                                ------    ------      ------     ------     -------   -------   --------
<S>                             <C>       <C>        <C>       <C>         <C>       <C>        <C>             
EARNINGS:
  Pretax earnings 
   from continuing
   operations............      $129,736   $112,347   $121,193   $131,439   $123,363   $ 47,860   $ 32,840
  Fixed charges,
   excluding capitalized
   interest--see below...        24,109     23,426     21,365     19,759     20,428      4,851      5,860
                               --------   --------   --------   --------   --------   --------   --------
  Earnings...............      $153,845   $135,773   $142,558   $151,198   $143,791   $ 52,711   $ 38,700
                               ========   ========   ========   ========   ========   ========   ========
FIXED CHARGES:
  Interest expense.......      $ 20,876   $ 20,426   $ 18,932   $ 18,092   $ 18,861   $  4,459   $  5,585
  Interest factor, in-
   cluded in rentals.....         3,233      3,000      2,433      1,667      1,567        392        275
                               --------   --------   --------   --------   --------   --------   --------
  Fixed charges,
   excluding capitalized
   interest..............        24,109     23,426     21,365     19,759     20,428      4,851      5,860
  Capitalized interest...           608        275        554        292        328         96         50
                               --------   --------   --------   --------   --------   --------   --------

  Fixed charges..........      $ 24,717   $ 23,701   $ 21,919   $ 20,051   $ 20,756   $  4,947   $  5,910
                               ========   ========   ========   ========   ========   ========   ========

Ratio of Earnings to
 Fixed Charges...........          6.22x      5.73x      6.50x      7.54x      6.93x     10.66x      6.55x
                               ========   ========   ========   ========   ========   ========   ========

</TABLE> 




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