EX-12 20 dex12.txt COMPUT. OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 DUKE ENERGY CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, -------------------------------------------------- 2000 1999 1998 1997(a) 1996(a) -------- -------- -------- -------- -------- Earnings Before Income Taxes..... $2,796 $1,300 $2,037 $1,613 $1,789 Fixed Charges.................... 997 671 555 520 540 ------ ------ ------ ------ ------ Total........................ $3,793 $1,971 $2,592 $2,133 $2,329 ====== ====== ====== ====== ====== Fixed Charges Interest on debt............... $ 970 $ 645 $ 533 $ 497 $ 514 Interest component of rentals.. 27 26 22 23 26 ------ ------ ------ ------ ------ Fixed Charges................ $ 997 $ 671 $ 555 $ 520 $ 540 ====== ====== ====== ====== ====== Ratio of Earnings to Fixed Charges......................... 3.8 2.9 4.7 4.1 4.3
-------- (a) Financial information reflects accounting for the combination with PanEnergy Corp on June 18, 1997 as a pooling of interests. As a result, the financial information gives effect to the combination as if it had occurred on January 1, 1996.