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 | esex12-1.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 12.2 |
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Idaho Power Company |
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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 |
$ |
20,527 |
$ |
158,080 |
$ |
131,715 |
$ |
111,965 |
$ |
137,890 |
$ |
115,764 |
|
Adjust for distributed income of equity investees |
(348) |
2,464 |
(6,772) |
(5,553) |
(9,347) |
(10,370) |
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|
Supplemental fixed charges, as below |
20,550 |
78,543 |
77,568 |
68,272 |
60,687 |
57,739 |
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Total earnings, as defined |
$ |
40,729 |
$ |
239,087 |
$ |
202,511 |
$ |
174,684 |
$ |
189,230 |
$ |
163,133 |
|
Fixed charges, as defined: |
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Interest charges1 |
$ |
20,295 |
$ |
77,580 |
$ |
76,711 |
$ |
67,386 |
$ |
59,955 |
$ |
56,866 |
|
Rental interest factor |
255 |
963 |
857 |
886 |
732 |
873 |
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Total fixed charges, as defined |
$ |
20,550 |
$ |
78,543 |
$ |
77,568 |
$ |
68,272 |
$ |
60,687 |
$ |
57,739 |
|
Ratio of earnings to fixed charges |
1.98 x |
3.04 x |
2.61 x |
2.56 x |
3.12 x |
2.83 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 |
$ |
20,527 |
$ |
158,080 |
$ |
131,715 |
$ |
111,965 |
$ |
137,890 |
$ |
115,764 |
|
Adjust for distributed income of equity investees |
(348) |
2,464 |
(6,772) |
(5,553) |
(9,347) |
(10,370) |
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|
Supplemental fixed charges, as below |
20,877 |
80,028 |
79,358 |
70,024 |
62,463 |
59,351 |
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|
Total earnings, as defined |
$ |
41,056 |
$ |
240,572 |
$ |
204,301 |
$ |
176,436 |
$ |
191,006 |
$ |
164,745 |
|
Supplemental fixed charges, as defined: |
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|
Interest charges1 |
$ |
20,295 |
$ |
77,580 |
$ |
76,711 |
$ |
67,386 |
$ |
59,955 |
$ |
56,866 |
|
Rental interest factor |
255 |
963 |
857 |
886 |
732 |
873 |
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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 |
$ |
20,877 |
$ |
80,028 |
$ |
79,358 |
$ |
70,024 |
$ |
62,463 |
$ |
59,351 |
|
Supplemental ratio of earnings to fixed charges |
1.97 x |
3.01 x |
2.57 x |
2.52 x |
3.06 x |
2.78 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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