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Previous: EDISON MISSION ENERGY, S-4/A, 2000-06-12 |
Next: EDISON MISSION ENERGY, S-4/A, EX-23.1, 2000-06-12 |
<PAGE>
EXHIBIT 12.1
EDISON MISSION HOLDINGS CO.
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
THREE MONTHS ENDED
YEAR ENDED MARCH 31,
DECEMBER 31, -------------------
1999 2000 1999
------------- -------- --------
(IN THOUSANDS)
<S> <C> <C> <C>
EARNINGS:
Income before taxes and extraordinary item.................. $ 53,735 $ 9,534 $ (810)
Adjustments:
Fixed charges, as below................................... 55,433 20,370 2,076
Interest capitalized...................................... (1,779) (1,480) --
-------- ------- ------
Earnings as adjusted........................................ $107,389 $28,424 $1,266
======== ======= ======
FIXED CHARGES:
Interest on indebtedness (expense and capitalized).......... $ 55,433 $20,370 $2,076
======== ======= ======
Ratio of Earnings to Fixed Charges.......................... 1.94 1.40 0.61
======== ======= ======
</TABLE>
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