-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AwN1cgQGQp3p0OiCM2oPMI5/XC1iJaJfpoUHjQDYMDxz8PbbS1t+otPyv8erqqQY v//21hwg/1syfih1XyY4ow== 0000043704-96-000033.txt : 19961212 0000043704-96-000033.hdr.sgml : 19961212 ACCESSION NUMBER: 0000043704-96-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961211 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961211 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREEN MOUNTAIN POWER CORP CENTRAL INDEX KEY: 0000043704 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 030127430 STATE OF INCORPORATION: VT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08291 FILM NUMBER: 96678878 BUSINESS ADDRESS: STREET 1: 25 GREEN MOUNTAIN DR STREET 2: P.O.BOX 850 CITY: SOUTH BURLINGTON STATE: VT ZIP: 05402-0850 BUSINESS PHONE: 8028645731 MAIL ADDRESS: STREET 1: 25 GREEN MOUNTAIN DR STREET 2: P O BOX 850 CITY: SOUTH BURLINGTON STATE: VT ZIP: 05402-0850 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ----------- Date of Report (Date of earliest event reported): December 11, 1996 GREEN MOUNTAIN POWER CORPORATION (Exact Name of Registrant as Specified in its Charter) VERMONT 03-0127430 (State or Other Jurisdiction of Incorporation (I.R.S. Employer Identification Number) 1-8291 Commission File Number 25 Green Mountain Drive, South Burlington, Vermont 05403 (Address of Principal Executive Offices) (Zip Code) (802) 864-5731 (Registrant's telephone number, including area code) Item 5. Other Events COVERAGE RATIOS As computed in accordance with Regulation S-K of the Commission, the Company's ratios of earnings to fixed charges and preferred stock dividends and earnings to fixed charges for each of the years 1991 through 1995, and for the twelve months ended September 30, 1996, are as follows: Ratio of Earnings to Ratio of Fixed Charges and Earnings to Year Ended Preferred Stock Fixed Charges (1) Dividends (1) December 31, 1991 2.40 2.73 December 31, 1992 2.66 3.01 December 31, 1993 2.46 2.78 December 31, 1994 2.44 2.74 December 31, 1995 2.57 2.87 Twelve Months Ended September 30, 1996 2.59 2.88 ______ (1) Earnings consist of pretax income plus fixed charges as defined in Item 503 paragraph (d)(3). Fixed charges computed pursuant to paragraph (d)(4) of Item 503 consist of interest on all indebtedness, amortization of debt expense and discount or premium relating to any indebtedness, and the estimated interest portion of rentals charged to income. Preferred stock dividends consist of dividends paid on all outstanding Preferred Stock. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) and (b) -- Inapplicable. (c) Exhibits (12) Computation of Ratios SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GREEN MOUNTAIN POWER CORPORATION Registrant By /s/ C.L. DUTTON VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND TREASURER BY /s/ R.J. GRIFFIN CONTROLLER DATED: December 11, 1996 EXHIBIT INDEX EXHIBIT NO. PAGE 12 COMPUTATION OF RATIOS EX-1 2 EXHIBIT 12 Exhibit 12 Green Mountain Power Corporation Computation of Ratio of Earnings to Fixed Charges
Twelve Months Year Ended December 31, Ended --------------------------------------------- September 30, 1996 1995 1994 1993 1992 1991 ------------------- --------------------------------------------- (Dollars in thousands) Earnings: Net earnings $11,981 $12,013 $11,052 $10,764 $12,296 $10,260 Income taxes 6,283 6,310 5,917 5,922 6,451 5,795 Fixed charges 9,695 9,777 9,777 9,370 9,332 9,303 ------------------- --------------------------------------------- Total earnings $27,959 $28,100 $26,746 $26,056 $28,079 $25,358 =================== ============================================= Fixed Charges: Interest $8,071 $8,047 $8,043 $7,590 $7,518 $7,517 Amortization of debt premium and discount 147 140 138 102 85 48 Interest portion of rental payments 1,477 1,590 1,596 1,678 1,729 1,738 ------------------- --------------------------------------------- Total fixed charges $9,695 $9,777 $9,777 $9,370 $9,332 $9,303 =================== ============================================= Preferred stock dividend requirements $1,083 $1,145 $1,179 $1,204 $1,234 $1,265 =================== ============================================= Ratio of earnings to fixed charges 2.88 2.87 2.74 2.78 3.01 2.73 =================== ============================================= Ratio of earnings to fixed charges and preferred stock dividends 2.59 2.57 2.44 2.46 2.66 2.40 =================== =============================================
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