|
|
|
|
|
|
|
|
|
|
Previous: TEXAS EASTERN TRANSMISSION CORP, S-3, EX-5, 2000-10-17 |
Next: TEXAS EASTERN TRANSMISSION CORP, S-3, EX-23.(A)-1, 2000-10-17 |
<PAGE>
Exhibit 12
TEXAS EASTERN TRANSMISSION CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
<TABLE>
<CAPTION>
Six
Months
Ended
June 30, Year Ended December 31,
-------- ---------------------------------------------------
2000 1999 1998 1997 1996 1995
-------- ------ ------ ------ ------ ------
<C> <S> <S> <S> <S> <S> <S>
Earnings Before Income Taxes.......... $ 165 $ 315 $ 288 $ 233 $ 209 $ 207
Fixed Charges......................... 55 109 112 115 119 93
-------- ------ ------ ------ ------ ------
Total............................ $ 220 $ 424 $ 400 $ 348 $ 328 $ 300
======== ====== ====== ====== ====== ======
Fixed Charges
Interest on debt................. $ 54 $ 107 $ 111 $ 112 $ 116 $ 90
Interest component of rentals.... 1 2 1 3 3 3
-------- ------ ------ ------ ------ ------
Fixed Charges................. $ 55 $ 109 $ 112 $ 115 $ 119 $ 93
======== ====== ====== ====== ====== ======
Ratio of Earnings to Fixed Charges.... 4.0 3.9 3.6 3.0 2.8 3.2
</TABLE>
|
|