Attached files
| file | filename |
|---|---|
| 10-K - 10-K - TUCSON ELECTRIC POWER CO | c96682e10vk.htm |
| EX-32 - EXHIBIT 32 - TUCSON ELECTRIC POWER CO | c96682exv32.htm |
| EX-23 - EXHIBIT 23 - TUCSON ELECTRIC POWER CO | c96682exv23.htm |
| EX-21 - EXHIBIT 21 - TUCSON ELECTRIC POWER CO | c96682exv21.htm |
| EX-31.A - EXHIBIT 31(A) - TUCSON ELECTRIC POWER CO | c96682exv31wa.htm |
| EX-31.B - EXHIBIT 31(B) - TUCSON ELECTRIC POWER CO | c96682exv31wb.htm |
| EX-24.A - EXHIBIT 24(A) - TUCSON ELECTRIC POWER CO | c96682exv24wa.htm |
| EX-31.D - EXHIBIT 31(D) - TUCSON ELECTRIC POWER CO | c96682exv31wd.htm |
| EX-12.A - EXHIBIT 12(A) - TUCSON ELECTRIC POWER CO | c96682exv12wa.htm |
| EX-31.C - EXHIBIT 31(C) - TUCSON ELECTRIC POWER CO | c96682exv31wc.htm |
| EX-24.B - EXHIBIT 24(B) - TUCSON ELECTRIC POWER CO | c96682exv24wb.htm |
| EX-4.AA.9 - EXHIBIT 4(AA)(9) - TUCSON ELECTRIC POWER CO | c96682exv4waaw9.htm |
| EX-4.I.10 - EXHIBIT 4(I)(10) - TUCSON ELECTRIC POWER CO | c96682exv4wiw10.htm |
Exhibit 12b
Tucson Electric Power Company
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
| 12 Months Ended | ||||||||||||||||||||||||
| Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | |||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
| - Thousands of Dollars - | ||||||||||||||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest on Long-Term Debt |
$ | 36,226 | $ | 47,456 | $ | 50,230 | $ | 51,422 | $ | 56,243 | $ | 69,904 | ||||||||||||
Other Interest (1) |
1,571 | 1,367 | 4,538 | 6,436 | 2,597 | 1,263 | ||||||||||||||||||
Interest on Capital Lease Obligations |
53,670 | 57,252 | 64,477 | 72,556 | 79,064 | 85,869 | ||||||||||||||||||
Estimated Interest Portion of Rental Expense |
106 | 130 | 160 | 188 | 216 | 243 | ||||||||||||||||||
Total Fixed Charges |
$ | 91,573 | $ | 106,205 | $ | 119,405 | $ | 130,602 | $ | 138,120 | $ | 157,279 | ||||||||||||
Net Income |
$ | 89,248 | $ | 4,363 | $ | 53,456 | $ | 66,745 | $ | 48,267 | $ | 46,127 | ||||||||||||
Less: |
||||||||||||||||||||||||
Cumulative Effect of Accounting Change —
Net of Tax |
— | — | — | — | (626 | ) | — | |||||||||||||||||
Net Income from Continuing Operations |
89,248 | 4,363 | 53,456 | 66,745 | 48,893 | 46,127 | ||||||||||||||||||
Add (Deduct): |
||||||||||||||||||||||||
Income from Equity Investees (2) |
— | (1,381 | ) | — | (320 | ) | (314 | ) | (131 | ) | ||||||||||||||
Income Taxes |
55,130 | 10,867 | 35,542 | 42,478 | 33,907 | 34,815 | ||||||||||||||||||
Total Fixed Charges |
91,573 | 106,205 | 119,405 | 130,602 | 138,120 | 157,279 | ||||||||||||||||||
Total Earnings before Taxes
and Fixed Charges |
$ | 235,951 | $ | 120,054 | $ | 208,403 | $ | 239,505 | $ | 220,606 | $ | 238,090 | ||||||||||||
Ratio of Earnings to Fixed Charges |
2.577 | 1.130 | 1.745 | 1.834 | 1.597 | 1.514 | ||||||||||||||||||
| (1) | Excludes recognition of Allowance for Borrowed Funds Used During Construction. | |
| (2) | Inncom International, Inc. (income) losses. |