EX-12 3 ex12wp.htm RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGESFor Year Ended December 31, 2001(Dollar Amounts in Thous

EXHIBIT 12
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
For Year Ended December 31, 2001
(Dollar Amounts in Thousands)



 

West Penn Power Company

 

2001

2000

1999

1998

1997

Earnings:

 

 

 

 

 

  Net income

$109,845

$102,404

$137,600**

$112,620**

$134,665

  Fixed charges (see below)

53,384

68,920

73,303  

70,274  

72,178

  Income taxes

54,220

56,297

71,945**

64,509**

76,108

  Total earnings


$217,449

$227,621

$282,848**

$247,403**

$282,951

Fixed Charges:

 

 

 

 

 

  Interest on long-term debt

$48,990

$64,057

$61,729  

$61,727  

$64,990

  Other interest

2,551

2,861

6,995  

5,913  

4,639

  Estimated interest component of rentals

1,843

2,002

4,579  

2,634  

2,549

  Total fixed charges


$53,384

$68,920

$73,303  

$70,274  

$72,178

Ratio of Earnings to Fixed Charges

4.07

3.30

3.86

3.52

3.92

**Excludes the effect of the extraordinary charge.