ORANGE AND ROCKLAND UTILITIES, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Twelve Months Ended
(Thousands of Dollars)
JUNE JUNE
2000 1999
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Earnings
Net Income $38,279 $18,577
Federal Income Tax 45,008 15,142
State Income Tax 1,599 2,112
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Total Earnings Before Federal and State Income Tax 84,886 35,831
Fixed Charges* 30,001 37,305
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Total Earnings Before Federal and State
Income Tax and Fixed Charges $114,887 $73,136
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* Fixed Charges
Interest on Long-Term Debt $24,637 $24,709
Amortization of Debt Discount, Premium and Expense 1,166 1,170
Interest Component on lease Payment 1,595 2,517
Other Interest 2,603 8,909
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Total Fixed Charges $30,001 $37,305
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Ratio of Earnings to Fixed Charges 3.83 1.96