Attached files
file | filename |
---|---|
10-Q - IDAHO POWER CO | esa10q.htm |
EX-15 - IDAHO POWER CO | esex15.htm |
EX-31 - IDAHO POWER CO | esex31-2.htm |
EX-32 - IDAHO POWER CO | esex32-1.htm |
EX-32 - IDAHO POWER CO | esex32-2.htm |
EX-31 - IDAHO POWER CO | esex31-4.htm |
EX-31 - IDAHO POWER CO | esex31-3.htm |
EX-12 - IDAHO POWER CO | esex12-2.htm |
EX-31 - IDAHO POWER CO | esex31-1.htm |
EX-10 - IDAHO POWER CO | esex10-21.htm |
EX-10 - IDAHO POWER CO | esex10-67.htm |
EX-10 - IDAHO POWER CO | esex10-66.htm |
EX-99 - IDAHO POWER CO | esex99.htm |
EX-32 - IDAHO POWER CO | esex32-4.htm |
EX-32 - IDAHO POWER CO | esex32-3.htm |
Exhibit 12.1 |
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IDACORP, Inc. |
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Consolidated Financial Information |
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Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges |
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(Thousands of Dollars) |
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Three Months |
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Ended |
Twelve Months Ended |
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March 31, |
December 31, |
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|
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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Earnings, as defined: |
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Income from continuing operations before income taxes |
$ |
17,162 |
$ |
146,737 |
$ |
117,614 |
$ |
96,003 |
$ |
115,452 |
$ |
103,327 |
|
Adjust for distributed income of equity investees |
2,378 |
13,724 |
5,176 |
6,064 |
(9,347) |
(10,370) |
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Supplemental fixed charges, as below |
21,444 |
79,461 |
81,172 |
72,879 |
65,745 |
64,379 |
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Total earnings, as defined |
$ |
40,984 |
$ |
239,922 |
$ |
203,962 |
$ |
174,946 |
$ |
171,850 |
$ |
157,336 |
|
Fixed charges, as defined: |
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Interest charges1 |
$ |
21,180 |
$ |
78,457 |
$ |
80,282 |
$ |
71,946 |
$ |
64,720 |
$ |
62,962 |
|
Rental interest factor |
264 |
1,004 |
890 |
933 |
1,025 |
1,417 |
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Total fixed charges, as defined |
$ |
21,444 |
$ |
79,461 |
$ |
81,172 |
$ |
72,879 |
$ |
65,745 |
$ |
64,379 |
|
Ratio of earnings to fixed charges |
1.91 x |
3.02 x |
2.51 x |
2.40 x |
2.61 x |
2.44 x |
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SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES |
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Earnings, as defined: |
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Income from continuing operations before income taxes |
$ |
17,162 |
$ |
146,737 |
$ |
117,614 |
$ |
96,003 |
$ |
115,452 |
$ |
103,327 |
|
Adjust for distributed income of equity investees |
2,378 |
13,724 |
5,176 |
6,064 |
(9,347) |
(10,370) |
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Supplemental fixed charges, as below |
21,771 |
80,946 |
82,962 |
74,631 |
67,521 |
65,991 |
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Total earnings, as defined |
$ |
41,311 |
$ |
241,407 |
$ |
205,752 |
$ |
176,698 |
$ |
173,626 |
$ |
158,948 |
|
Supplemental fixed charges, as defined: |
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Interest charges1 |
$ |
21,180 |
$ |
78,457 |
$ |
80,282 |
$ |
71,946 |
$ |
64,720 |
$ |
62,962 |
|
Rental interest factor |
264 |
1,004 |
890 |
933 |
1,025 |
1,417 |
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Supplemental increment to fixed charges2 |
327 |
1,485 |
1,790 |
1,752 |
1,776 |
1,612 |
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Total fixed charges, as defined |
$ |
21,771 |
$ |
80,946 |
$ |
82,962 |
$ |
74,631 |
$ |
67,521 |
$ |
65,991 |
|
Supplemental ratio of earnings to fixed charges |
1.90 x |
2.98 x |
2.48 x |
2.37 x |
2.57 x |
2.41 x |
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1 FIN 48 interest is not included in interest charges. |
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2 Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses. |
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