EX-99 3 exhibit12.htm EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12

EXHIBIT 12

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

For the Six Months Ended June 30, 2001

(Dollar Amounts in Thousands)
 

Allegheny

Energy, Inc.

Earnings:

  

  Net Income*

     $218,621

  Plus: Fixed charges (see below)

      138,937

        Income taxes*

      131,597

        Amort. of capitalized interest

           98

        Equity in Earings - Ventures

        2,077

Less: Capitalized interest

       (3,182)
   

  Total Earnings

     $488,148
   

Fixed Charges:

  

  Interest on long-term debt

     $104,406

  Other interest

       31,493

  Estimated interest component of rentals

        3,038
   

  Total Fixed Charges

     $138,937
   

  Ratio of Earnings to Fixed Charges

         3.51
   

*Net income and income taxes excludes accounting changes.