Exhibit 12(c)
PPL MONTANA, LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
12 Months Ended
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June 30, 2001 December 31, 2000
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Fixed charges, as defined:
Interest expense on credit facility...................................................... $ 1 $ 16
Amortization of financing costs.......................................................... 2 3
Amortization of wholesale energy commitments............................................. 7 7
Interest with rental expense............................................................. 15 6
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Total fixed charges................................................................ $ 25 $ 32
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Earnings, as defined:
Net income............................................................................... 181 88
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Add (Deduct):
Income taxes............................................................................. 118 58
Total fixed charges as above............................................................. 25 32
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Total earnings................................................................... $ 324 $ 178
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Ratio of earnings to fixed charges.......................................................... 12.96 5.56
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