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Exhibit 12-1
NEW YORK STATE ELECTRIC & GAS CORPORATION
C0MPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Calendar Year
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2001 2000 1999 1998 1997
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(Thousands)
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Income Before Extraordinary Item $194,807 $221,240 $223,700 $213,798 $184,553
Add:
Income tax - current 140,764 139,925 133,726 105,495 111,829
Income tax - deferred 14,932 500 120,535 31,902 5,884
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Pre-tax Income From Continuing
Operations 350,503 361,665 477,961 351,195 302,266
Fixed Charges 105,391 105,203 129,433 124,874 126,779
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Earnings, as defined $455,894 $466,868 $607,394 $476,069 $429,045
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Fixed Charges:
Interest on long-term debt $79,355 $81,027 $93,678 $98,916 $104,122
Other interest 19,381 17,203 28,163 18,132 13,192
Amortization of premium
and expense on debt 5,280 5,439 6,374 6,507 6,502
Interest portion of rental
charges 1,375 1,534 1,218 1,319 2,963
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Fixed Charges, as defined $105,391 $105,203 $129,433 $124,874 $126,779
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Ratio of Earnings to Fixed
Charges 4.33 4.44 4.69 3.81 3.38
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