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EXHIBIT 12.1
PPL MONTANA, LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
12/31/99 9/30/00
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FIXED CHARGES
Interest expense on Credit Facility 1,437 13,935
Amortization of Financing Costs 588 3,611
Interest accrued on Wholesale Energy Comm. - 5,382
Estimated Interest within rental expense - 2,855
Preference security Dividend - -
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2,005 25,783
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EARNINGS
Pretax Net Income/Loss (1,239) 31,303
Fixed Charges 2,005 25,783
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766 57,086
LESS:
Interest Capitalized - -
Preference Security Dividend - -
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Earnings 766 57,086
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Ratio of Earnings to Fixed Charges 0.38 2.21
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