EXHIBIT 12.1



ORION POWER HOLDINGS, INC. AND SUBSIDIARIES

RATIO OF EARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES



|                                                              |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|------------------------------------------------------------- |  | ------------------------------------ | ------- | - | ------------------------- | - | ------ | ------- |  | - | ------- | - |  | - | ------ | -
|                                                              |  | Three Months Ended June 30,          |         |   | Six Months Ended June 30, |  
|                                                              |  | 2004(1)                              |         |   | 2003(1)                   |   |        | 2004(2) |  |   | 2003(2) |  
|                                                              |  | (in thousands, except ratio amounts) |        
|Fixed charges:                                                |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Interest expense                                              |  | $                                    | 23,120  |   |                           | $ | 23,528 |         |  | $ | 45,681  |   |  | $ | 46,023 |  
|Capitalized interest                                          |  |                                      |        |   |                           |   |       |         |  |   |        |   |  |   |       |  
|Interest within rent expense                                  |  |                                      | 104     |   |                           |   | 104    |         |  |   | 206     |   |  |   | 213    |  
|                                                              |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Total fixed charges                                           |  | $                                    | 23,224  |   |                           | $ | 23,632 |         |  | $ | 45,887  |   |  | $ | 46,236 |  
|                                                              |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Earnings from continuing operations:                          |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Loss from continuing operations before income taxes           |  |                                      | (32,807 | ) |                           |   | (4,950 | )       |  |   | (41,000 | ) |  |   | (4,648 | )
|                                                              |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Plus                                                         |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Fixed charges from above                                      |  |                                      | 23,224  |   |                           |   | 23,632 |         |  |   | 45,887  |   |  |   | 46,236 |  
|Amortization of capitalized interest                          |  |                                      | 285     |   |                           |   | 285    |         |  |   | 570     |   |  |   | 570    |  
|Less                                                         |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Capitalized interest                                          |  |                                      |        |   |                           |   |       |         |  |   |        |   |  |   |       |  
|                                                              |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|                                                              |  | $                                    | (9,298  | ) |                           | $ | 18,967 |         |  | $ | 5,457   |   |  | $ | 42,158 |  
|                                                              |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  
|Ratio of earnings from continuing operations to fixed charges |  | $                                    |        |   |                           | $ |       |         |  | $ |        |   |  | $ |       |  
|                                                              |  |                                      |         |   |                           |   |        |         |  |   |         |   |  |   |        |  

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|(1) | For the three months ended June 30, 2004 and 2003, Orion Powers earnings from continuing operations were insufficient to cover its fixed charges by $33 million and $5 million,
respectively.
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|(2) | For the six months ended June 30, 2004 and 2003, Orion Powers earnings from continuing operations were insufficient to cover its fixed charges by $40 million and $4 million,
respectively.
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