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Previous: PG&E GAS TRANSMISSION NORTHWEST CORP, 10-Q, 2000-11-09 |
Next: PG&E GAS TRANSMISSION NORTHWEST CORP, 10-Q, EX-27, 2000-11-09 |
<PAGE>
EXHIBIT 12
PG&E GAS TRANSMISSION, NORTHWEST CORPORATION
SEC FILING - FORM 10-Q - Third Quarter 2000
EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
For the Nine Months Ended
-------------------------------------
<S> <C> <C>
Ratio of earnings to Fixed Charges 2000 1999
---------------------------------- ------------- ------------
Earnings
Net income 43.3 40.8
Adjustments:
Income taxes 27.4 25.3
Fixed charges (as below) 30.6 32.0
------------- ------------
Total adjusted earnings 101.3 98.1
============= ============
Fixed charges:
Net interest expense 30.2 31.1
Adjustments:
Interest component of rents 0.0 0.0
AFUDC debt 0.4 0.9
------------- ------------
Total fixed charges 30.6 32.0
============= ============
Ratio of earnings to fixed charges 3.3 3.1
============= ============
</TABLE>
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