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Previous: PG&E GAS TRANSMISSION NORTHWEST CORP, 10-Q, 2000-08-11 |
Next: PG&E GAS TRANSMISSION NORTHWEST CORP, 10-Q, EX-27, 2000-08-11 |
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EXHIBIT 12
PG&E GAS TRANSMISSION, NORTHWEST CORPORATION
SEC FILING - FORM 10-Q - Second Quarter 2000
EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES
For the Six Months Ended
----------------------------
Ratio of earnings to Fixed Charges 2000 1999
---------------------------------- -------- --------
Earnings
Net income 27.2 24.9
Adjustments:
Income taxes 17.2 15.4
Fixed charges (as below) 20.7 21.2
------ ------
Total adjusted earnings 65.1 61.5
====== ======
Fixed charges:
Net interest expense 20.4 20.5
Adjustments:
Interest component of rents 0.0 0.0
AFUDC debt 0.3 0.7
------ ------
Total fixed charges 20.7 21.2
====== ======
Ratio of earnings to fixed charges 3.1 2.9
====== ======
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