EX-12.C 4 dex12c.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12(c) PPL MONTANA, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
12 Months Ended March 31, 2001 December 31, 2000 -------------- ----------------- Fixed charges, as defined: Interest expense on credit facility..................................................... $ 7 $ 16 Amortization of financing costs......................................................... 2 3 Amortization of wholesale energy commitments............................................ 9 7 Estimated interest component of operating rentals....................................... 11 6 -------- ---------- Total fixed charges.............................................................. $ 29 $ 32 ======== ========== Earnings, as defined: Net income.............................................................................. $ 157 $ 88 -------- ---------- 157 88 Add (Deduct): Income taxes............................................................................ 103 58 Total fixed charges as above............................................................ 29 32 -------- ---------- Total earnings................................................................... $ 289 $ 178 ======== ========== Ratio of earnings to fixed charges........................................................... 9.97 5.56 ======== ==========
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