EX-12 3 aeincex12.htm EXHIBIT 12

EXHIBIT 12

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

For the Three Months ended March 31, 2002

(Dollar Amounts in Thousands)

Allegheny

Energy, Inc.

Earnings:

Net income *

$ 104,233

Plus: Fixed charges (see below)

77,137

Income taxes

59,416

Amort of capitalized interest

99

Less: Capitalized interest

(3,939)

Preferred Dividends

(1,259)

Inc from unconsolidated equity investees

(1,022)

Total Earnings

$ 234,665

Fixed Charges:

Interest on long-term debt and other interest

$ 71,110

Preferred dividends

1,972

Estimated interest

component of rentals

4,055

Total Fixed Charges

$ 77,137

Ratio of Earnings to Fixed Charges

3.04

* Net income excludes Minority Interest of $1,337 and Preferred Dividends of $1,259.