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EXHIBIT 12

THE CINCINNATI GAS & ELECTRIC COMPANY
AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(Thousands, except ratios)

			Year Ended December 31,
			2002		2001		2000		1999		1998
Earnings Available
	Net Income		$	263,696	$	326,654	$	266,820	$	233,576	$	215,812
	Plus:
		Income Taxes		155,341		186,527		159,398		143,676		128,322
		Interest on Long-Term Debt		96,218		92,533		95,869		95,611		101,384
		Other Interest		8,632		17,015		8,327		7,506		6,375
		Interest Component of Rents(a)		6,050		7,405		7,053		7,391		5,819
Total Available			$	529,937	$	630,134	$	537,467	$	487,760	$	457,712
Fixed Charges
	Interest Charges		$	104,850	$	109,548	$	104,196	$	103,117	$	107,759
	Interest Component of Rents(a)			6,050		7,405		7,053		7,391		5,819
Total Fixed Charges			$	110,900	$	116,953	$	111,249	$	110,508	$	113,578
Ratio of Earnings to Fixed Charges				4.78		5.39		4.83		4.41		4.03
Fixed Charges and Preferred Stock Dividends
	Interest Charges		$	104,850	$	109,548	$	104,196	$	103,117	$	107,759
	Interest Component of Rents(a)			6,050		7,405		7,053		7,391		5,819
	Preferred dividends (pre-income tax basis)			1,344		1,329		1,353		1,382		1,368
Total Fixed Charges and Preferred Stock Dividends			$	112,244	$	118,282	$	112,602	$	111,890	$	114,946
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends				4.72		5.33		4.77		4.36		3.98

(a)

Estimated interest component of rentals (¹/3 of rentals was used where no readily defined interest element could be be determined).

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EXHIBIT 12