MADISON GAS & ELECTRIC CO
10-Q, EX-12, 2000-11-14
ELECTRIC & OTHER SERVICES COMBINED
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RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12



Nine Months Ended September 30, 2000

(In Thousands)



Earnings
Income before interest expense $31,048
Add:
Income tax items 11,308
Income tax on other income 818
Amortization of debt discount, premium expense 228
AFUDC - borrowed funds 136
Interest on rentals 740
Total earnings before interest and taxes $44,277
Fixed Charges
Interest on long-term debt $ 9,219
Other interest 1,029
Amortization of debt discount, premium expense 228
Interest on rentals 740
Total fixed charges $11,216
Ratio of Earnings to Fixed Charges 3.95x


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