EX-12.1 4 d837958dex121.htm EXHIBIT 12.1

Exhibit 12.1

Exhibit 12.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

		Year Ended December 31,
		2014				2013				2012				2011				2010
(000’s, except ratios)
Earnings:
Net Income, per Consolidated Statement of Earnings		$	24,758			$	21,629			$	18,196			$	16,439			$	9,616
Federal and State Income Taxes included in Operations			13,995				12,652				10,976				10,025				4,464
Interest on Long-Term Debt			20,301				19,907				19,948				19,987				19,664
Amortization of Debt Discount Expense			286				302				324				340				307
Other Interest			1,661				1,737				2,003				1,760				2,015
Total		$	61,001			$	56,227			$	51,447			$	48,551			$	36,066
Fixed Charges:
Interest of Long-Term Debt		$	20,301			$	19,907			$	19,948			$	19,987			$	19,664
Amortization of Debt Discount Expense			286				302				324				340				307
Other Interest			1,661				1,737				2,003				1,760				2,015
Pre-tax Preferred Stock Dividend Requirements			22				22				165				211				194
Total		$	22,270			$	21,968			$	22,440			$	22,298			$	22,180
Ratio of Earnings to Fixed Charges			2.74				2.56				2.29				2.18				1.63