EX-12 3 ex12agc.htm RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGESFor Year Ended December 31, 2001(Dollar Amounts in Thous

EXHIBIT 12
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
For Year Ended December 31, 2001
(Dollar Amounts in Thousands)



 

Allegheny Generating Company

 

2001

2000

1999

1998

1997

Earnings:

 

 

 

 

 

  Net income

$20,300

$21,880

$21,215

$22,753

$32,268

  Fixed charges (see below)

12,479

13,493

13,261

13,987

15,391

  Income taxes

10,203

7,514

10,212

11,006

16,127

  Total earnings


$42,982

$42,887

$44,688

$47,746

$63,786

Fixed Charges:

         

  Interest on long-term debt

$9,703

$9,669

$9,760

$10,848

$14,431

  Other interest

2,776

3,824

3,501

3,139

960

  Estimated interest component of rentals

-

-

-

-

-

  Total fixed charges


$12,479

$13,493

$13,261

$13,987

$15,391

Ratio of Earnings to Fixed Charges

3.44

3.18

3.37

3.41

4.14