|
|
|
|
|
|
|
|
|
|
|
|
|
Exhibit 12-B
GPU, INC. AND SUBSIDIARY COMPANIES
STATEMENTS SHOWING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS BASED ON SEC REGULATION S-K, ITEM 503
(In Thousands)
--------------------------------------------------------------------
UNAUDITED
Nine Months
Ended
September 30, 2000
------------------
OPERATING REVENUES $3,912,104
---------
OPERATING EXPENSES 3,521,634
Interest portion of rentals (A) 17,863
Fixed charges of service company
subsidiaries (B) 3,911
---------
Net expense 3,499,860
---------
OTHER INCOME AND DEDUCTIONS:
Allowance for funds used
during construction 3,541
Equity in undistributed earnings
of affiliates, net 22,278
Other income, net 112,568
Minority interest net income (2,816)
---------
Total other income and deductions 135,571
---------
EARNINGS AVAILABLE FOR FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS (excluding
taxes based on income) $ 547,815
=========
FIXED CHARGES:
Interest on funded indebtedness $ 386,549
Other interest (C) 23,731
Preferred stock dividends of
subsidiaries on a pretax basis (E) 22,588
Interest portion of rentals (A) 17,863
---------
Total fixed charges $ 450,731
=========
RATIO OF EARNINGS TO FIXED CHARGES 1.22
====
|
|