EXHIBIT 12
NEW YORK STATE ELECTRIC & GAS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Calendar Year
1994 1993 1992 1991 1990
(Thousands of Dollars)
Net Income (Loss) . . . . . . . . $187,645 $166,028 $183,968 $168,642 $158,013
Add:
Federal income tax - current . . 75,892 36,024 38,066 29,513 33,072
Federal income tax - deferred. . 26,569 49,726 51,210 53,104 50,925
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Pre-tax income (loss) . . . . . 290,106 251,778 273,244 251,259 242,010
Fixed charges . . . . . . . . . . 145,494 153,696 160,253 169,579 178,335
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Earnings, as defined. . . . . . . $435,600 $405,474 $433,497 $420,838 $420,345
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Fixed Charges:
Interest on long-term debt . . . $126,083 $134,331 $145,822 $151,649 $158,209
Other interest . . . . . . . . . 6,628 3,878 3,634 6,481 9,626
Amortization of premium and
expense on debt. . . . . . . . 7,014 7,242 5,933 5,396 5,555
Interest portion of rental
charges. . . . . . . . . . . . 5,769 8,245 4,864 6,053 4,945
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Total fixed charges, as defined . $145,494 $153,696 $160,253 $169,579 $178,335
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Ratio of Earnings to
Fixed Charges . . . . . . . . . 2.99 2.64 2.71 2.48 2.36
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