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EXHIBIT 12.1
CONSOLIDATED NATURAL GAS COMPANY AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
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Twelve Months
Ended
Years Ended December 31, September 30,
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1995 1996 1997 1998 1999 2000
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<S> <C> <C> <C> <C> <C> <C>
Earnings:
Income from continuing operations $28,833 $309,382 $318,908 $287,711 $136,760 $ 114,660
Add income taxes 7,381 162,315 156,269 129,649 73,581 82,697
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Income from continuing operations
before income taxes 36,214 471,697 475,177 417,360 210,341 197,357
Distributed income from
unconsolidated investees, less
equity in earnings thereof 1,501 (1,084) 1,653 (1,880) (12,376) (1,267)
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Subtotal 37,715 470,613 476,830 415,480 197,965 196,090
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Add fixed charges:
Interest on long-term debt,
including amortization of
debt discount and expense
less premium 95,823 101,814 104,927 106,307 108,252 123,464
Other interest expense 12,653 3,374 5,774 19,659 28,623 40,982
Portion of rentals deemed to
be representative of the
interest factor 9,255 9,106 9,681 10,634 11,719 9,621
Fixed charges associated
with 50% projects with debt 1,388 2,157 2,016 430 - -
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Total Fixed Charges 119,119 116,451 122,398 137,030 148,594 174,067
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Total Earnings $156,834 $587,064 $599,228 $552,510 $346,559 $370,157
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Ratio of Earnings to Fixed Charges 1.32 5.04 4.90 4.03 2.33 2.13
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