Attached files
| file | filename |
|---|---|
| EX-4.1 - TWENTY-SIXTH SUPPLEMENTAL INDENTURE - PACIFICORP /OR/ | pacificorp6613ex41.htm |
| EX-99.1 - OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION - PACIFICORP /OR/ | pacificorp6613ex991.htm |
| 8-K - PACIFICORP FORM 8-K 6-6-2013 - PACIFICORP /OR/ | pacificorp6613form8-k.htm |
| EX-5.1 - OPINION OF PERKINS COIE LLP - PACIFICORP /OR/ | pacificorp6613ex51.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - PACIFICORP /OR/ | pacificorp6613ex11.htm |
EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
Three-Month | ||||||||||||||||||||||||
Period Ended | Years Ended December 31, | |||||||||||||||||||||||
March 31, 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
Earnings Available for Fixed Charges: | ||||||||||||||||||||||||
Income from continuing operations | ||||||||||||||||||||||||
before income tax expense | $ | 227 | $ | 734 | $ | 768 | $ | 777 | $ | 784 | $ | 703 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 96 | 385 | 397 | 392 | 398 | 349 | ||||||||||||||||||
Deduct: | ||||||||||||||||||||||||
Net income attributable to noncontrolling | ||||||||||||||||||||||||
interest in subsidiary that has not | ||||||||||||||||||||||||
incurred fixed charges | — | — | — | — | (8 | ) | (7 | ) | ||||||||||||||||
Total earnings available for fixed charges | $ | 323 | $ | 1,119 | $ | 1,165 | $ | 1,169 | $ | 1,174 | $ | 1,045 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 94 | $ | 380 | $ | 392 | $ | 387 | $ | 394 | $ | 343 | ||||||||||||
Estimated interest portion of rentals | ||||||||||||||||||||||||
charged to expense | 2 | 5 | 5 | 5 | 4 | 6 | ||||||||||||||||||
Total fixed charges | $ | 96 | $ | 385 | $ | 397 | $ | 392 | $ | 398 | $ | 349 | ||||||||||||
Ratio of Earnings to Fixed Charges | 3.4x | 2.9x | 2.9x | 3.0x | 2.9x | 3.0x | ||||||||||||||||||