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Exhibit 12-C
GPU INC. AND SUBSIDIARY COMPANIES
RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands)
Twelve Months
Ended
September 30, 2000
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OPERATING REVENUES $5,283,539
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OPERATING EXPENSES 4,691,869
Interest portion of rentals 27,065
Fixed charges of service company
subsidiaries 5,069
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Net expense 4,659,735
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OTHER INCOME AND DEDUCTIONS:
Allowance for funds used
during construction 4,666
Equity in undistributed earnings
of affiliates, net 32,654
Other income, net 120,901
Minority interest net income (4,510)
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Total other income and deductions 153,711
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EARNINGS AVAILABLE FOR FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(excluding
taxes based on income) $777,515
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FIXED CHARGES:
Interest on funded indebtedness $520,805
Other interest 37,059
Preferred stock dividends of
subsidiaries on a pretax basis 25,273
Interest portion of rentals 27,065
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Total fixed charges $610,202
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RATIO OF EARNINGS TO FIXED CHARGES 1.27
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