EX-12 14 e437448.txt EXHIBIT 12 EXHIBIT 12 ----------
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ------------------------------------------------- DPL INC. CONSOLIDATED 2001 2000 2000 1999 1998 1997 1996 SEC COVERAGE RATIOS 9 Mos. 9 Mos. 12 Mos. 12 Mos. 12 Mos. 12 Mos. 12 Mos. Ended Ended Ended Ended Ended Ended Ended 9/30/01 9/30/00 12/31/00 12/31/99 12/31/98 12/31/97 12/31/96 ------- ------- -------- -------- -------- -------- -------- Ratio of Earnings to Fixed Charges (SEC Method): Fixed Charges: Interest on First Mortgage Bonds ................... 31,918 31,945 42,591 48,291 61,540 65,507 68,655 Other Interest Expense ............................. 99,212 147,813 184,139 62,461 31,406 20,832 20,383 Interest Component of Rentals ...................... 101 103 160 114 126 167 320 ------- ------- ------- ------- ------ ------ ------ Total Fixed Charges ............................ 131,231 179,861 226,890 110,866 93,072 86,506 89,348 Earnings: Income from Continuing Operations (before Preferred dividends) ......................................... 183,603 119,777 285,828 205,085 189,969 182,263 173,769 Plus: Income Taxes ................................ 110,149 70,471 156,640 127,948 120,394 105,443 103,477 Fixed Charges (defined above) ................ 131,231 179,861 226,890 110,866 93,072 86,506 89,358 ------- ------- ------- ------- ------ ------ ------ Total ............................................ 424,983 370,109 669,358 443,899 403,435 374,212 366,604 Ratio = Earnings/Fixed Charges = ...... 424,983 370,109 669,358 443,899 403,435 374,212 366,604 ------- ------- ------- ------- ------ ------ ------ 131,231 179,861 226,890 110,866 93,072 86,506 89,358 Ratio of Earnings to Fixed Charges - (SEC) Method) 3.24 2.06 2.95 4.00 4.33 4.32 4.10