EXHIBIT 12
THE CINCINNATI GAS & ELECTRIC COMPANY
AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31
----------------------------------------------------
1994 1993 1992 1991 1990
-------- ----------- -------- -------- --------
(THOUSANDS, EXCEPT RATIOS)
EARNINGS AVAILABLE
Income Before Interest
Charges............... $308,551 $147,183 $360,693 $353,789 $341,258
Allowance for borrowed
funds used during
construction--credit... 2,977 3,586 7,617 23,534 42,256
Income taxes........... 97,509 87,480 68,633 49,095 46,110
Rents(a)............... 6,605 6,179 6,345 6,021 3,934
-------- ----------- -------- -------- --------
Total Available...... $415,642 $244,428 $443,288 $432,439 $433,558
-------- ----------- -------- -------- --------
-------- ----------- -------- -------- --------
FIXED CHARGES
Interest Charges....... $153,217 $159,493 $166,049 $170,327 $148,778
Rents(a)............... 6,605 6,179 6,345 6,021 3,934
-------- ----------- -------- -------- --------
Total Fixed
Charges............. $159,822 $165,672 $172,394 $176,348 $152,712
-------- ----------- -------- -------- --------
-------- ----------- -------- -------- --------
Ratio of Earnings to
Fixed Charges......... 2.60 1.48 2.57 2.45 2.84
-------- ----------- -------- -------- --------
-------- ----------- -------- -------- --------
<FN>
- ---------
(a) Estimated interest component of rentals (1/3 of rentals was used where no
readily defined interest element could be determined).