Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - TUCSON ELECTRIC POWER CO | c00007e10vq.htm |
| EX-31.D - EXHIBIT 31(D) - TUCSON ELECTRIC POWER CO | c00007exv31wd.htm |
| EX-15 - EXHIBIT 15 - TUCSON ELECTRIC POWER CO | c00007exv15.htm |
| EX-32 - EXHIBIT 32 - TUCSON ELECTRIC POWER CO | c00007exv32.htm |
| EX-31.C - EXHIBIT 31(C) - TUCSON ELECTRIC POWER CO | c00007exv31wc.htm |
| EX-31.A - EXHIBIT 31(A) - TUCSON ELECTRIC POWER CO | c00007exv31wa.htm |
| EX-31.B - EXHIBIT 31(B) - TUCSON ELECTRIC POWER CO | c00007exv31wb.htm |
| EX-12.A - EXHIBIT 12(A) - TUCSON ELECTRIC POWER CO | c00007exv12wa.htm |
Exhibit 12b
Tucson Electric Power Company
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
| 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
| March 31, | March 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | ||||||||||||||||||||||
| 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
| -Thousands of Dollars- | ||||||||||||||||||||||||||||
Fixed Charges: |
||||||||||||||||||||||||||||
Interest on Long-Term Debt |
$ | 9,878 | $ | 36,913 | $ | 36,226 | $ | 47,456 | $ | 50,230 | $ | 51,422 | $ | 56,243 | ||||||||||||||
Other Interest (1) |
401 | 1,623 | 1,571 | 1,367 | 4,538 | 6,436 | 2,597 | |||||||||||||||||||||
Interest on Capital Lease Obligations |
13,600 | 50,639 | 53,670 | 57,252 | 64,477 | 72,556 | 79,064 | |||||||||||||||||||||
Estimated Interest Portion of Rental Expense |
14 | 93 | 106 | 130 | 160 | 188 | 216 | |||||||||||||||||||||
Total Fixed Charges |
23,893 | 89,268 | 91,573 | 106,205 | 119,405 | 130,602 | 138,120 | |||||||||||||||||||||
Net Income |
$ | 10,349 | $ | 100,152 | $ | 89,248 | $ | 4,363 | $ | 53,456 | $ | 66,745 | $ | 48,267 | ||||||||||||||
Add: |
||||||||||||||||||||||||||||
Cumulative Effect of Accounting Change Loss -
Net of Tax |
— | — | — | — | — | — | 626 | |||||||||||||||||||||
Net Income from Continuing Operations |
10,349 | 100,152 | 89,248 | 4,363 | 53,456 | 66,745 | 48,893 | |||||||||||||||||||||
Add (Deduct): |
||||||||||||||||||||||||||||
(Income) Losses from Equity Investees (2) |
— | — | — | (1,381 | ) | — | (320 | ) | (314 | ) | ||||||||||||||||||
Income Taxes |
6,348 | 61,789 | 55,130 | 10,867 | 35,542 | 42,478 | 33,907 | |||||||||||||||||||||
Total Fixed Charges |
23,893 | 89,268 | 91,573 | 106,205 | 119,405 | 130,602 | 138,120 | |||||||||||||||||||||
Total Earnings before Taxes
and Fixed Charges |
$ | 40,590 | $ | 251,209 | $ | 235,951 | $ | 120,054 | $ | 208,403 | $ | 239,505 | $ | 220,606 | ||||||||||||||
Ratio of Earnings to Fixed Charges |
1.699 | 2.814 | 2.577 | 1.130 | 1.745 | 1.834 | 1.597 | |||||||||||||||||||||
| (1) | Excludes recognition of Allowance for Borrowed Funds Used During Construction. | |
| (2) | Inncom International, Inc.(Income) Losses. |