Exhibit 12 (a)
TXU EUROPE LIMITED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES,
(pounds million, except ratios)
Period
From
Formation
Year Ended December 31, Through
----------------------- December 31,
2000 1999 1998
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EARNINGS
Net income 120 138 77
Add: Minority income 15 18 11
Income tax expense 70 111 67
Fixed charges (see detail below) 388 351 281
Less: Interest capitalized (10) - (4)
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Total earnings 583 618 432
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FIXED CHARGES:
Interest expense 370 347 269
Add: Interest capitalized 10 - 4
Rentals representative of the
interest factor 8 4 8
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Total fixed charges 388 351 281
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RATIO OF EARNINGS TO FIXED CHARGES 1.5 1.8 1.5
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