We report on X-ray photoemission of core levels, valence band studies using angle-integrated photoemission, and magnetization measurements of ruthenocuprate and SrRuO3 polycrystalline samples. The data indicate that the RuO2 planes are the source of the energetics of the magnetic ordering. We also find that adding hydrogen leads to changes in the many-body response on both the CuO2 and EuO planes.