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EXHIBIT 12
ENERGY EAST CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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SIX MONTHS
ENDED CALENDAR YEAR
JUNE 30, ---------------------------------------------------------
2000 1999 1998 1997 1996 1995
----------- --------- --------- --------- --------- ---------
(THOUSANDS)
<S> <C> <C> <C> <C> <C> <C>
Net Income..................... $149,798 $218,751 $194,205 $175,211 $168,711 $177,969
Add:
Federal income
tax--current............... 88,000 646,757 98,427 111,829 79,015 63,502
Federal income
tax--deferred.............. (15,084) (441,721) 38,749 5,884 28,928 52,362
-------- -------- -------- -------- -------- --------
Pre-tax income............. 222,714 423,787 331,381 292,924 276,654 293,833
Fixed charges.................. 59,414 134,754 136,108 136,121 137,243 155,424
-------- -------- -------- -------- -------- --------
Earnings, as defined........... $282,128 $558,541 $467,489 $429,045 $413,897 $449,257
======== ======== ======== ======== ======== ========
Fixed Charges:
Interest on long-term debt... $43,808 $93,678 $98,040 $104,122 $108,431 $115,687
Other interest............... 9,022 30,453 21,421 13,192 9,752 8,744
Amortization of premium and
expense on debt............ 5,006 6,374 6,507 6,502 6,507 6,488
Interest portion of rental
charges.................... 1,380 1,543 1,557 2,963 3,023 5,784
Earnings required to cover
preferred stock dividends
of subsidiary.............. 198 2,706 8,583 9,342 9,530 18,721
-------- -------- -------- -------- -------- --------
Total fixed charges, as
defined...................... $ 59,414 $134,754 $136,108 $136,121 $137,243 $155,424
======== ======== ======== ======== ======== ========
Ratio of Earnings to Fixed
Charges...................... 4.75 4.14 3.43 3.15 3.02 2.89
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