Exhibit 12.1
Trigen Energy Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges (in thousands)
1999 1998 1997 1996 1995
-------- -------- -------- -------- --------
Earnings before extraordinary
item and cumulative effect of
a change in accounting principle $16,108 $6,557 $5,025 $14,051 $10,564
Add (deduct):
Income taxes 11,380 4,575 3,491 9,252 7,324
Fixed charges 28,458 25,666 20,508 20,145 20,883
Interest capitalization (1,013) (524) (374) (328) (300)
(Income)/losses of less
than 50% owned companies (7,396) (4,475) 266 (322) (316)
Distributions from less than
50% owned companies 2,000 -- -- -- --
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Earnings before extraordinary
item and cumulative effect of
a change in accounting principle,
as adjusted $ 49,537 $31,799 $28,916 $42,798 $38,155
Fixed Charges
Interest expense $25,994 $23,742 $18,840 $18,840 $19,890
Interest capitalized 1,013 524 374 328 300
Portion of rents representative
of interest factor(1) 1,451 1,400 1,158 977 693
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Total fixed charges $28,458 $25,666 $20,508 $20,145 $20,883
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Ratio of earnings to fixed charges 1.7 1.2 1.4 2.1 1.8
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Note:
(1) Estimated to be 1/3 of total rent expense.