EX-12.1 3 c54123a1ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.1 Northeast Generating LLC Consolidated ratio of earnings to fixed charges
For the Period For the Period April 27,1999 April 27, 1999 For the Six (Inception) to (Inception) to Months Ended Dec. 31, 1999 June 30, 1999 June 30, 2000 ----------------------------------------------------------- (in thousands) Earnings: Income before taxes $54,347 $ 627 $111,278 Add: Fixed Charges 26,410 1,255 33,980 ---------------------------------------------------------- 80,757 1,882 145,258 ---------------------------------------------------------- Fixed Charges: Interest expense 22,746 945 30,685 Amortization of debt costs 3,664 310 3,295 --------------------------------------------------------- $26,410 $ 1,255 $ 33,980 --------------------------------------------------------- Ratio of earnings to fixed charges 3.06x 1.50x 4.27x