Attached files
file | filename |
---|---|
EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997 | exhibit311section302ceocer.htm |
EX-32.2 - EXHIBIT 32.2 CFO CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997 | exhibit322section906cfocer.htm |
EX-99 - EXHIBIT 99 JP MORGAN CHASE & CO FINANCIAL INFORMATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997 | exhibit99-jpmfivexyearsumm.htm |
EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997 | exhibit312section302cfocer.htm |
EX-32.1 - EXHIBIT 32.1 CEO CERTIFICATION - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997 | exhibit321section906ceocer.htm |
10-K - 10-K KEPCO 12-31-2014 - RURAL ELECTRIC COOPERATIVE GRANTOR TRUST KEPCO SERIES 1997 | kepco10-k12312014.htm |
EXHIBIT 12
RURAL ELECTRIC COOPERATIVE GRANTOR TRUST (KEPCO) SERIES 1997
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, | |||||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||
Net income | $ | 1,342,612 | $ | 1,855,558 | $ | 1,624,327 | $ | 1,025,713 | $ | 508,387 | |||||||||||||||
Add: Fixed charges | 97,103 | 60,883 | 86,104 | 155,118 | 325,119 | ||||||||||||||||||||
Earnings available for fixed charges | $ | 1,439,715 | $ | 1,916,441 | $ | 1,710,431 | $ | 1,180,831 | $ | 833,506 | |||||||||||||||
Fixed charges: | |||||||||||||||||||||||||
Interest expense on all debt | $ | 97,103 | $ | 60,883 | $ | 86,104 | $ | 155,118 | $ | 325,119 | |||||||||||||||
Total fixed charges | $ | 97,103 | $ | 60,883 | $ | 86,104 | $ | 155,118 | $ | 325,119 | |||||||||||||||
Ratio of income to fixed charges | 14.83 | 31.48 | 19.86 | 7.61 | 2.56 | ||||||||||||||||||||