EX-12 5 a2142803zex-12.txt EXHIBIT 12 EXHIBIT 12 THE UNION LIGHT, HEAT AND POWER COMPANY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31 SIX MONTHS ENDED -------------------------------------------------------------- JUNE 30, 2004 2003 2002 2001 2000 1999 ---------------- ---------- ---------- ---------- ---------- ---------- (THOUSANDS, EXCEPT RATIOS) Earnings Available Net Income $ 10,979 $ 19,029 $ 12,150 $ 35,924 $ 24,632 $ 12,274 Plus: Income Taxes 6,531 9,781 12,349 13,699 13,801 10,184 Interest on Long-Term Debt 2,130 5,526 5,533 5,530 5,451 5,191 Other Interest 388 672 618 963 1,288 1,147 Interest Component of Rents (a) 453 906 959 1,288 1,276 1,359 --------------------------------------------------------------------------------- Total Available $ 20,481 $ 35,914 $ 31,609 $ 57,404 $ 46,448 $ 30,155 ================================================================================= Fixed Charges Interest Charges $ 2,518 $ 6,198 $ 6,151 $ 6,493 $ 6,739 $ 6,338 Interest Component of Rents (a) 453 906 959 1,288 1,276 1,359 --------------------------------------------------------------------------------- Total Fixed Charges $ 2,971 $ 7,104 $ 7,110 $ 7,781 $ 8,015 $ 7,697 ================================================================================= Ratio of Earnings to Fixed Charges 6.89 5.06 4.45 7.38 5.80 3.92 =================================================================================
---------- (a) Estimated interest component of rentals (1/3 of rentals was used where no readily defined interest element could be determined).