EXHIBIT 12.1
ALLEGHENY ENERGY SUPPLY COMPANY, LLC
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
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From November
Nine Months Twelve Months Twelve Months 18 Inception
Ended Ended Ended Date through
September 30, September 30, December 31, December 31,
2001 2001 2000 1999
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Earnings: (Thousands of Dollars)
Net income* $ 234,857 $ 268,857 $ 77,996 $ 9,532
Plus: Fixed charges (see below) 82,895 96,963 39,505 2,378
Income taxes* 129,044 146,404 36,081 2,503
Amortization of capitalized interest 144 182 110 7
Income distributions of equity investees -- -- 7,200 --
Less: Capitalized interest (4,546) (5,022) (4,337) (212)
Income from unconsolidated equity investees -- -- (5,665) --
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Total Earnings $ 442,394 $ 507,384 $ 150,890 $ 14,208
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Fixed Charges:
Interest on long-term debt $ 42,073 $ 51,466 $ 29,221 $ 2,135
Other interest 36,520 40,653 8,574 170
Estimated interest component of rentals 4,302 4,844 1,710 73
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Total Fixed Charges $ 82,895 $ 96,963 $ 39,505 $ 2,378
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Ratio of Earnings to Fixed Charges 5.34 5.23 3.82 5.97
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* Net income and income taxes exclude extraordinary charges, minority interest
and accounting changes.