EX-12.3 9 d512216dex123.htm EX-12.3

Exhibit 12.3

Dominion Energy Gas Holdings, LLC

Computation of Ratio of Earnings to Fixed Charges

(millions of dollars)

|  | Years Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
Earnings, as defined: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations before income tax expense |  | $ | 666 |  |  | $ | 607 |  |  | $ | 740 |  |  | $ | 846 |  |  | $ | 762 |
Distributed income from unconsolidated investees, less equity in earnings |  |  | 1 |  |  |  | — |  |  |  | (3 | ) |  |  | (1 | ) |  |  | (2 | )
Fixed charges included in income |  |  | 116 |  |  |  | 109 |  |  |  | 86 |  |  |  | 39 |  |  |  | 43 |
Total earnings, as defined |  | $ | 783 |  |  | $ | 716 |  |  | $ | 823 |  |  | $ | 884 |  |  | $ | 803 |
Fixed charges, as defined: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest charges |  | $ | 106 |  |  | $ | 97 |  |  | $ | 74 |  |  | $ | 28 |  |  | $ | 30 |
Rental interest factor |  |  | 10 |  |  |  | 12 |  |  |  | 12 |  |  |  | 11 |  |  |  | 13 |
Total fixed charges, as defined |  | $ | 116 |  |  | $ | 109 |  |  | $ | 86 |  |  | $ | 39 |  |  | $ | 43 |
Ratio of Earnings to Fixed Charges |  |  | 6.75 |  |  |  | 6.57 |  |  |  | 9.57 |  |  |  | 22.67 |  |  |  | 18.67 |