ORANGE AND ROCKLAND UTILITIES, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended
(Thousands of Dollars)
MARCH MARCH
2000 1999
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EARNINGS
Net Income $ 13,221 $ 43,379
Federal Income Tax 34,675 23,631
State Income Tax 1,861 2,577
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Total Earnings Before Federal and State Income Tax 49,757 69,587
FIXED CHARGES* 31,463 34,151
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Total Earnings Before Federal and State
Income Tax and Fixed Charges $ 81,220 $103,738
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* Fixed Charges
Interest on Long-Term Debt $ 26,521 $ 23,989
Amortization of Debt Discount, Premium and Expense 1,214 1,150
Other Interest 3,728 9,012
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Total Fixed Charges $ 31,463 $ 34,151
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Ratio of Earnings to Fixed Charges 2.58 3.04