EX-12.1 4 dex121.htm STATEMENT RE: COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES Statement Re: Computation in Support of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

UNITIL CORPORATION

 

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Year Ended December 31,
     2008
    2007
    2006
    2005
    2004
(000’s, except ratios)                         

Earnings:

                                   

Net Income, per Consolidated Statement of Earnings

    $ 9,735    $ 8,746    $ 8,033    $ 8,553    $ 8,226

Federal and State Income Taxes included in Operations

      4,450      4,482      4,266      4,275      4,206

Interest on Long-Term Debt

      11,795      10,919      9,404      8,319      8,394

Amortization of Debt Discount Expense

      151      136      112      104      98

Other Interest

      1,156      1,949      1,675      1,046      629
    
  
  
  
  

Total

    $ 27,287    $ 26,232    $ 23,490    $ 22,297    $ 21,553
    
  
  
  
  

Fixed Charges:

                                   

Interest of Long-Term Debt

    $ 11,795    $ 10,919    $ 9,404    $ 8,319    $ 8,394

Amortization of Debt Discount Expense

      151      136      112      104      98

Other Interest

      1,156      1,949      1,675      1,046      629

Pre-tax Preferred Stock Dividend Requirements

      199      213      208      234      325
    
  
  
  
  

Total

    $ 13,301    $ 13,217    $ 11,399    $ 9,703    $ 9,446
    
  
  
  
  

Ratio of Earnings to Fixed Charges

      2.05      1.98      2.06      2.30      2.28