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Previous: DOMINION RESOURCES INC /VA/, 8-K, EX-8, 2000-10-12 |
Next: DOMINION RESOURCES INC /VA/, 8-A12B/A, 2000-10-12 |
<PAGE>
EXHIBIT 12
DOMINION RESOURCES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(millions, except ratios)
<TABLE>
<CAPTION>
Actual Proforma
------ --------
6 months ended Proforma 6 months ended
-------------- -------- --------------
06/30/2000 CNG 1/1 -1/27 Adjustments 06/30/2000
---------- ------------- ----------- ----------
<S> <C> <C> <C> <C>
Net Income $ 35.0 52.0 (21.4) $ 65.6
Distributed Income from unconsolidated investees.
less equity in earnings thereof 3.4 (1.0) 2.4
Add: Income Taxes (1.0) 31.9 (7.9) 23
--------------------------------------------------------------
Total 37.4 82.9 (29.3) 91.0
--------------------------------------------------------------
Fixed Charges
Interest charges 461.4 11.8 16.2 489.4
Estimated interest Factor of
Rents Charged to Operating
Expenses, Clearings, and
Other Accounts 17.5 0.7 18.2
--------------------------------------------------------------
Total Fixed Charges 478.9 12.5 16.2 507.6
--------------------------------------------------------------
Earnings as Defined $ 516.3 $ 95.4 $ (13.1) $ 598.6
--------------------------------------------------------------
Ratio of Earnings to Fixed Charges 1.08 7.63 (0.81) 1.16
==============================================================
</TABLE>
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