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NorAm -- EXHIBIT 12
NORAM ENERGY CORP. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
NINE MONTHS TWELVE MONTHS
ENDED ENDED
SEPTEMBER 30, SEPTEMBER 30,
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1998 1998
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Income from Continuing Operations...................................... $ 51,421 $ 78,914
Income Taxes for Continuing Operations................................. 53,759 78,928
Non-Utility Interest Capitalized....................................... 0 0
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Income from Continuing Operations Before Income Taxes.................. 105,180 157,842
Fixed Charges:
Interest.......................................................... 78,115 107,134
Distribution on Trust Securities.................................. 533 812
Portion of Rents Considered to Represent an Interest Factor....... 6,747 9,241
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Total Fixed Charges........................................... 85,395 117,187
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Income from Continuing Operations Before Income Taxes and
Fixed Charges................................................. $ 190,575 $ 275,029
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Ratio of Earnings to Fixed Charges..................................... 2.23 2.35
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