MADISON GAS & ELECTRIC CO
10-Q, EX-12, 2000-08-14
ELECTRIC & OTHER SERVICES COMBINED
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RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12



Three Months Ended June 30, 2000

(In Thousands)



Earnings
Income before interest expense $18,860
Add:
Income tax items 6,013
Income tax on other income 576
Amortization of debt discount, premium expense 152
AFUDC - borrowed funds 97
Interest on rentals 473
Total earnings before interest and taxes $26,171
Fixed Charges
Interest on long-term debt $ 5,961
Other interest 508
Amortization of debt discount, premium expense 152
Interest on rentals 473
Total fixed charges $ 7,094
Ratio of Earnings to Fixed Charges 3.69x


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