EX-12.1 5 eke12-1_2007.htm ENERGY EAST COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Energy East Exhibit 12-1 2007 10-K

Exhibit 12-1

ENERGY EAST CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Calendar Year

(Thousands)

2007 

2006 

2005 

2004 

2003 


Income From Continuing
  Operations



$251,298 



$259,832 



$256,833 



$237,621 



$208,490 

Add:

          

  Income tax

114,058 

155,255 

169,997 

251,445 

128,663 

Pretax Income from
  Continuing Operations


365,356 


415,087 


426,830 


489,066 


337,153 

Fixed Charges

284,736 

315,594 

297,734 

289,846 

312,473 

Earnings, as defined

$650,092 

$730,681 

$724,564 

$778,912 

$649,626 


Fixed Charges:

          

  Interest charges, net(1)

$275,938 

$308,824 

$288,897 

$276,890 

$284,482 

  Interest portion of
   rental charges


7,204 


5,026 


6,607 


5,880 


6,409 

  Earnings required to
   cover preferred stock
   dividends of subsidiaries(2)



1,594 



1,744 



2,230 



7,076 



21,582 

Fixed Charges, as defined

$284,736 

$315,594 

$297,734 

$289,846 

$312,473 

Ratio of Earnings to
  Fixed Charges(3)


2.28 


2.32 


2.43 


2.69 


2.08 


(1)  Includes interest on long-term debt, other interest, and amortization of premium and discount on debt.
(2)  Preferred stock dividends of subsidiaries have been adjusted to a pretax basis.
(3)  The ratio of earnings to fixed charges is calculated by dividing earnings by fixed charges. For this purpose, earnings means income from continuing operations before income taxes and fixed charges. Fixed charges means all interest charges, the interest component of rentals, and preferred stock dividends of subsidiaries.