<HTML>
<HEAD>
</HEAD>
<BODY>

<Table border=0>
<TR ALIGN="right" VALIGN="bottom">
<TD COLSPAN=17><FONT FACE="Times New Roman">Exhibit 12</FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=17><FONT FACE="Times New Roman"><B><U>The Peoples Gas Light and Coke Company and Subsidiary Companies</U></B></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=17><FONT FACE="Times New Roman"><B><U>Statement Re:  Computation of Ratio of Earnings to Fixed Charges</U></B></FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD COLSPAN=17><FONT FACE="Times New Roman">(Dollars in Thousands)</FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR ALIGN="center" VALIGN="bottom">
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
<TD><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD COLSPAN=13 ALIGN="center"><FONT FACE="Times New Roman"><U>Fiscal years ended September 30,</U></FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="center"><FONT FACE="Times New Roman"><U>1999</U></FONT></TD>
<TD COLSPAN=2 ALIGN="center"><FONT FACE="Times New Roman"><U>1998</U></FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD COLSPAN=2 ALIGN="center"><FONT FACE="Times New Roman"><U>1997</U></FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD COLSPAN=2 ALIGN="center"><FONT FACE="Times New Roman"><U>1996</U></FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD COLSPAN=2 ALIGN="center"><FONT FACE="Times New Roman"><U>1995</U></FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">Net Income Before Preferred</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">    Stock Dividends</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman">78217</FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       68,378 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">    85,098 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   88,752 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   53,666 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">Add - Income Taxes</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman">44115</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       38,188 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">    48,269 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   53,533 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   28,164 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">        Fixed Charges (see below)</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman">34040</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       33,786 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">    33,289 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   37,052 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   46,586 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">Earnings</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">  156,372 </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">     140,352 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   166,656 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">  179,337 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">  128,416 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">Fixed Charges:</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">    Interest on Long-Term Debt</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman">30532</FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       31,132 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">    31,094 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   32,889 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   40,507 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">    Other Interest</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman">3508</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">         2,654 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">      2,195 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">     4,163 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">     6,079 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">          Total Fixed Charges</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">    34,040 </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       33,786 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">    33,289 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   37,052 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="left"><FONT FACE="Times New Roman">$</FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman">   46,586 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0_)[semicolon]_(* (#,##0)[semicolon]_(* [dquote]-[dquote]_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
<TR VALIGN="bottom">
<TD ALIGN="left"><FONT FACE="Times New Roman">Ratio of Earnings to Fixed Charges</FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0.00_)[semicolon]_(* (#,##0.00)[semicolon]_(* [dquote]-[dquote]??_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       4.59 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0.00_)[semicolon]_(* (#,##0.00)[semicolon]_(* [dquote]-[dquote]??_)[semicolon]_(@_)"><FONT FACE="Times New Roman">          4.15 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0.00_)[semicolon]_(* (#,##0.00)[semicolon]_(* [dquote]-[dquote]??_)[semicolon]_(@_)"><FONT FACE="Times New Roman">        5.01 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0.00_)[semicolon]_(* (#,##0.00)[semicolon]_(* [dquote]-[dquote]??_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       4.84 </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right"><FONT FACE="Times New Roman"> </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0.00_)[semicolon]_(* (#,##0.00)[semicolon]_(* [dquote]-[dquote]??_)[semicolon]_(@_)"><FONT FACE="Times New Roman">       2.76 </FONT></TD>
<TD ALIGN="right" STYLE="vnd.ms-excel.numberformat:_(* #,##0.00_)[semicolon]_(* (#,##0.00)[semicolon]_(* [dquote]-[dquote]??_)[semicolon]_(@_)"><FONT FACE="Times New Roman"> </FONT></TD>
</TR>
</TABLE>

<FONT SIZE=-1><I>
<FONT SIZE=+0></I>
</BODY>
</HTML>