EX-12 5 a2054103zex-12.txt COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12 PSI ENERGY INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
6 MONTHS 12 MONTHS ENDED DECEMBER 31 ENDED JUNE 30 ------------------------------------------------------------------------ 2001 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- ---- (THOUSANDS, EXCEPT RATIOS) Earnings Available Net Income $ 75,649 $135,398 $117,199 $ 52,038 $132,205 $125,678 Plus: Income Taxes 42,662 88,547 69,215 23,147 77,380 77,191 Interest on Long-Term Debt 33,008 72,999 77,090 80,259 71,638 67,001 Other Interest 8,695 8,463 11,425 11,060 13,584 14,511 Interest Component of Rents (a) 2,698 5,396 5,394 5,351 5,390 4,921 -------- -------- -------- -------- -------- -------- Total Available $162,712 $310,803 $280,323 $171,855 $300,197 $289,302 ======== ======== ======== ======== ======== ======== Fixed Charges Interest Charges $ 41,703 $ 81,462 $ 88,515 $ 91,319 $ 85,222 $ 81,512 Interest Component of Rents (a) 2,698 5,396 5,394 5,351 5,390 4,921 -------- -------- -------- -------- -------- -------- Total Fixed Charges $ 44,401 $ 86,858 $ 93,909 $ 96,670 $ 90,612 $ 86,433 ======== ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 3.66 3.58 2.99 1.78 3.31 3.35 ======== ======== ======== ======== ======== ========
--------------------- (a) Estimated interest component of rentals (1/3 of rentals was used where no readily defined interest element could be determined.