EX-12 8 d466906dex12.htm EX-12

EX-12

EXHIBIT 12

Chesapeake Utilities Corporation

Ratio of Earnings to Fixed Charges

For the Years Ended December 31,		2012				2011				2010				2009 (a)				2008
(in thousands, except ratio of earnings to fixed charges)
Income from continuing operations		$	28,863			$	27,622			$	26,056			$	15,897			$	13,607
Add:
Income taxes			19,296				17,989				16,923				10,918				8,817
Portion of rents representative of interest factor			464				363				356				333				294
Interest on indebtedness			8,707				8,954				9,090				7,042				6,110
Amortization of debt discount and expense			40				46				56				43				47
Capitalized interest (allowed funds used during construction)			111				25				1				41				339
Earnings as adjusted		$	57,481			$	54,999			$	52,482			$	34,274			$	29,214
Fixed Charges
Portion of rents representative of interest factor		$	464			$	363			$	356			$	333			$	294
Interest on indebtedness			8,707				8,954				9,090				7,042				6,110
Amortization of debt discount and expense			40				46				56				43				47
Capitalized interest (allowed funds used during construction)			111				25				1				41				339
Fixed Charges		$	9,322			$	9,388			$	9,503			$	7,459			$	6,790
Ratio of Earnings to Fixed Charges			6.17				5.86				5.52				4.59				4.30

(a) Includes the results from the merger with Florida Public Utilities Company, which became effective on October 28, 2009.