SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): December 11, 1996
GREEN MOUNTAIN POWER CORPORATION
(Exact Name of Registrant as Specified in its Charter)
VERMONT 03-0127430
(State or Other Jurisdiction of Incorporation (I.R.S. Employer
Identification Number)
1-8291
Commission File Number
25 Green Mountain Drive,
South Burlington, Vermont 05403
(Address of Principal Executive Offices) (Zip Code)
(802) 864-5731
(Registrant's telephone number,
including area code)
Item 5. Other Events
COVERAGE RATIOS
As computed in accordance with Regulation S-K of the Commission,
the Company's ratios of earnings to fixed charges and preferred stock
dividends and earnings to fixed charges for each of the years 1991
through 1995, and for the twelve months ended September 30, 1996, are as
follows:
Ratio of
Earnings to Ratio of
Fixed Charges and Earnings to
Year Ended Preferred Stock Fixed Charges (1)
Dividends (1)
December 31, 1991 2.40 2.73
December 31, 1992 2.66 3.01
December 31, 1993 2.46 2.78
December 31, 1994 2.44 2.74
December 31, 1995 2.57 2.87
Twelve Months Ended
September 30, 1996 2.59 2.88
______
(1) Earnings consist of pretax income plus fixed charges as defined in
Item 503 paragraph (d)(3). Fixed charges computed pursuant to
paragraph (d)(4) of Item 503 consist of interest on all indebtedness,
amortization of debt expense and discount or premium relating to any
indebtedness, and the estimated interest portion of rentals charged to
income. Preferred stock dividends consist of dividends paid on all
outstanding Preferred Stock.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(a) and (b) -- Inapplicable.
(c) Exhibits
(12) Computation of Ratios
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
GREEN MOUNTAIN POWER CORPORATION
Registrant
By /s/ C.L. DUTTON
VICE PRESIDENT, CHIEF FINANCIAL
OFFICER AND TREASURER
BY /s/ R.J. GRIFFIN
CONTROLLER
DATED: December 11, 1996
EXHIBIT INDEX
EXHIBIT NO. PAGE
12 COMPUTATION OF RATIOS
<TABLE>
Exhibit 12
Green Mountain Power Corporation
Computation of Ratio of Earnings to Fixed Charges
<CAPTION>
Twelve Months Year Ended December 31,
Ended ---------------------------------------------
September 30, 1996 1995 1994 1993 1992 1991
------------------- ---------------------------------------------
(Dollars in thousands)
<S> <C> <C> <C> <C> <C> <C>
Earnings:
Net earnings $11,981 $12,013 $11,052 $10,764 $12,296 $10,260
Income taxes 6,283 6,310 5,917 5,922 6,451 5,795
Fixed charges 9,695 9,777 9,777 9,370 9,332 9,303
------------------- ---------------------------------------------
Total earnings $27,959 $28,100 $26,746 $26,056 $28,079 $25,358
=================== =============================================
Fixed Charges:
Interest $8,071 $8,047 $8,043 $7,590 $7,518 $7,517
Amortization of debt premium and discount 147 140 138 102 85 48
Interest portion of rental payments 1,477 1,590 1,596 1,678 1,729 1,738
------------------- ---------------------------------------------
Total fixed charges $9,695 $9,777 $9,777 $9,370 $9,332 $9,303
=================== =============================================
Preferred stock dividend requirements $1,083 $1,145 $1,179 $1,204 $1,234 $1,265
=================== =============================================
Ratio of earnings to fixed charges 2.88 2.87 2.74 2.78 3.01 2.73
=================== =============================================
Ratio of earnings to fixed charges
and preferred stock dividends 2.59 2.57 2.44 2.46 2.66 2.40
=================== =============================================
</TABLE>
