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.
