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EXHIBIT 12

THE CINCINNATI GAS & ELECTRIC COMPANY
AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF
EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(Thousands, except ratios)

					12 Months Ended December 31
			9 Months Ended 9/30/03
					12/31/02		12/31/01		12/31/00		12/31/99		12/31/98
Earnings Available
	Net Income		$	216,080	$	263,696	$	326,654	$	266,820	$	233,576	$	215,812
	Plus:
		Income Taxes		125,347		155,341		186,527		159,398		143,676		128,322
		Interest on Long-Term Debt		90,453		96,218		92,533		95,869		95,611		101,384
		Other Interest		1,973		8,632		17,015		8,327		7,506		6,375
		Interest Component of Rents(a)		4,537		6,050		7,405		7,053		7,391		5,819
Total Available			$	438,390	$	529,937	$	630,134	$	537,467	$	487,760	$	457,712
Fixed Charges
	Interest Charges		$	92,426	$	104,850	$	109,548	$	104,196	$	103,117	$	107,759
	Interest Component of Rents(a)			4,537		6,050		7,405		7,053		7,391		5,819
Total Fixed Charges			$	96,963	$	110,900	$	116,953	$	111,249	$	110,508	$	113,578
Ratio of Earning to Fixed Charges				4.52		4.78		5.39		4.83		4.41		4.03
Fixed Charges and Preferred Stock Dividends
	Interest Charges		$	92,426	$	104,850	$	109,548	$	104,196	$	103,117	$	107,759
	Interest Component of Rents(a)			4,537		6,050		7,405		7,053		7,391		5,819
	Preferred dividends (pre-income tax basis)			1,002		1,344		1,329		1,353		1,382		1,368
Total Fixed Charges and Preferred Stock Dividends			$	97,965	$	112,244	$	118,282	$	112,602	$	111,890	$	114,946
Ratio of Earnings to Fixed Charges and Preferred Dividends				4.47		4.72		5.33		4.77		4.36		3.98

(a)

Estimated interest component of rentals (3/4 of rentals was used where no readily defined interest element could be determined.)

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EXHIBIT 12