EX-1
from 8-K
1 page
<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>
12/34/56