EX-12 3 aeex12.htm AE, INC. EXHIBIT 12 EXHIBIT 12

 

EXHIBIT 12

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

For Year Ended December 31, 2000

(Dollar Amounts in Thousands)

   
   
 

Allegheny Energy, Inc.

Earnings:

 

Net Income

$

313,652

Fixed charges (see below)

234,314

Income taxes

187,424

Amortization of capitalized interest

116

Less: Capitalized interest

(5,149)

Equity in Earnings - Ventures

 

(2,263)

Total earnings

$

728,094

   

Fixed Charges:

 

Interest on long-term debt

$

172,703

Other interest

56,621

Estimated interest component of rentals

$

4,990

Total fixed charges

$

234,314

   

Ratio of Earnings to Fixed Charges

3.11