EX-12 3 j3305_ex12.htm EX-12 AES Ironwood Form 10-K (FYE 12/31/2000)

EXHIBIT 12

 

Calculation Of Earnings (Deficiency) To Fixed Charges

 

 

 

As of December 31

 

 

 

2001

 

2000

 

1999

 

 

 

(thousands)

 

EARNINGS

 

 

 

Pretax Income(Loss)

 

$

1,035

 

$

(531

)

$

(2,641

)

Fixed Charges

 

27,687

 

27,777

 

14,237

 

Capitalized Interest

 

(27,171

)

(24,668

)

(8,438

)

 

 

 

 

 

 

 

 

Net Total

 

$

1,551

 

$

2,578

 

$

3,158

 

 

 

 

 

 

 

 

 

FIXED CHARGES

 

 

 

 

 

 

 

Interest Expense

 

$

153

 

$

2,935

 

$

5,755

 

Capitalized Interest

 

27,171

 

24,668

 

8,438

 

Other

 

363

 

174

 

44

 

 

 

 

 

 

 

 

 

Total

 

$

27,687

 

$

27,777

 

$

14,237

 

 

The dollar amount of the deficiency of earnings to fixed charges for 2001, 2000, and 1999 (in thousands) was $29,238, $30,355, and $17,395, respectively.

 

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