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

EXHIBIT 12

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

For Nine Months Ended September 30, 2001

(Dollar Amounts in Thousands)

 

   
 

Allegheny Energy, Inc.

   

Earnings:

 

Net Income*

$386,622

Fixed charges (see below)

 216,687

Income taxes

 226,312

Amortization of capitalized interest

     162

Less: Capitalized interest

 (5,788)

Equity in Earnings - Ventures

   (328)

   

Total earnings

$823,667

   
   

Fixed Charges:

 

Interest on long-term debt

$158,379

Other interest

  52,301

Estimated interest

 

component of rentals

   6,007

   

Total fixed charges

$216,687

   
   

Ratio of Earnings to

    3.80

Fixed Charges

 

*Net income and income taxes excludes extraordinary charges, minority interest, and accounting changes.