EXHIBIT 12
ROCHESTER GAS AND ELECTRIC CORPORATION
COMPUTATION OF SEC RATIO OF EARNINGS TO FIXED CHARGES
(Thousand of Dollars)
Year Ended December 31,
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2000 1999 1998 1997 1996
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EARNINGS
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Net Income - Continuing Operations $95,529 $94,488 $94,138 $95,360 $97,511
Add:
Income Taxes (net),
Continuing Operations 59,672 63,310 61,901 61,575 66,051
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Pretax Income 155,201 157,798 156,039 156,935 163,562
Fixed Charges 69,453 63,317 52,474 56,903 63,132
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Earnings (as defined) $224,654 $221,115 $208,513 $213,838 $226,694
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FIXED CHARGES
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Interest Charges on Long Term Debt $56,673 $53,067 $43,306 $44,615 $48,618
DOE Liability * 5,548 4,177 4,305 4,204 3,981
Amortization of Debt Premium,
Discount and Expense 1,647 1,723 1,536 1,772 3,504
Other Interest 3,921 2,820 1,852 4,904 5,824
Rentals ** 1,664 1,530 1,475 1,408 1,205
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Total Fixed Charges $69,453 $63,317 $52,474 $56,903 $63,132
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RATIO OF EARNINGS TO FIXED
CHARGES (times) 3.23 3.49 3.97 3.76 3.59
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* Long term liability to Federal Department of Energy for nuclear waste
disposal.
** Rentals deemed representative of the interest factor included in rent
expense.