IDACORP INC - FORM 10-K - EX-12.2 - IDAHO POWER COMPANY CONSOLIDATED FINANCIAL INFORMATION RATIO OF EARNINGS TO FIX - February 23, 2017

Attached files

file filename
EX-10.21 - CREDIT AGREEMENT EXTENSION - OCTOBER 3, 2016 - IDAHO POWER COMPANY - IDACORP INCida123116ex_1021.htm
EX-12.1 - IDACORP, INC. CONSOLIDATED FINANCIAL INFORMATION RATIO OF EARNINGS TO FIXED CHAR - IDACORP INCida123116ex121.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida123116ex951-minesafety.htm
EX-32.4 - IDAHO POWER SECTION 1350 CFO CERTIFICATION - IDACORP INCida123116ex324.htm
EX-32.3 - IDAHO POWER SECTION1350 CEO CERTIFICATION - IDACORP INCida123116ex323.htm
EX-32.2 - IDACORP, INC. SECTION 1350 CFO CERTIFICATION - IDACORP INCida123116ex322.htm
EX-32.1 - IDACORP, INC. SECTION 1350 CEO CERTIFICATION - IDACORP INCida123116ex321.htm
EX-31.4 - IDAHO POWER RULE 13A-14(A) CFO CERTIFICATION - IDACORP INCida123116ex314.htm
EX-31.3 - IDAHO POWER RULE 13A-14(A) CEO CERTIFICATION - IDACORP INCida123116ex313.htm
EX-31.2 - IDACORP, INC. RULE 13A-14(A) CFO CERTIFICATION - IDACORP INCida123116ex312.htm
EX-31.1 - IDACORP, INC. RULE 13A-14(A) CEO CERTIFICATION - IDACORP INCida123116ex311.htm
EX-23.2 - IDAHO POWER COMPANY CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - IDACORP INCida123116ex232-consent.htm
EX-23.1 - IDACORP CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - IDACORP INCida123116ex231-consent.htm
EX-10.61 - EXHIBIT 10.61 - NOVEMBER 22, 2016 - IDACORP INCida123116ex_1061.htm
EX-10.51 - EXHIBIT 10.51 - JANUARY 1, 2017 - IDACORP INCida123116ex_1051.htm
EX-10.44 - EXHIBIT 10.44 - FEBRUARY 24, 2017 - IDACORP INCida123116ex_1044.htm
EX-10.43 - EXHIBIT 10.43 - FEBRUARY 24, 2017 - IDACORP INCida123116ex_1043.htm
EX-10.42 - EXHIBIT 10.42 - FEBRUARY 24, 2017 - IDACORP INCida123116ex_1042.htm
EX-10.41 - EXHIBIT 10.41 - FEBUARY 9, 2017 - IDACORP INCida123116ex_1041.htm
EX-10.40 - EXHIBIT 10.40 - FEBRUARY 8, 2017 - IDACORP INCida123116ex_1040.htm
EX-10.31 - IDAHO POWER SECURITY PLAN FOR SR MANAGEMENT EMPLOYEES II, AMENDED AND RESTATED - IDACORP INCida123116ex_1031.htm
EX-10.20 - CREDIT AGREEMENT EXTENSION - OCTOBER 3, 2016 - IDACORP - IDACORP INCida123116ex_1020.htm
10-K - 10-K - IDACORP INCida12311610k.htm


Exhibit 12.2
Idaho Power Company
Consolidated Financial Information
Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges
(Thousands of Dollars)

 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
 
2016
2015
2014
2013
2012
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
Income from continuing operations before income taxes
$
226,427

$
239,211

$
208,903

$
253,001

$
204,138

Adjust for distributed income of equity investees
12,861

1,060

(7,228
)
4,659

8,509

Fixed charges, as below
93,615

93,164

89,751

89,819

87,162

Total earnings, as defined
$
332,903

$
333,435

$
291,426

$
347,479

$
299,809

 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
Interest charges1
$
92,006

$
91,762

$
88,034

$
88,309

$
85,359

Rental interest factor
1,609

1,402

1,717

1,510

1,803

Total fixed charges, as defined
$
93,615

$
93,164

$
89,751

$
89,819

$
87,162

Ratio of earnings to fixed charges
3.56x

3.58x

3.25x

3.87x

3.44x

 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
Income from continuing operations before income taxes
$
226,427

$
239,211

$
208,903

$
253,001

$
204,138

Adjust for distributed income of equity investees
12,861

1,060

(7,228
)
4,659

8,509

Supplemental fixed charges, as below
93,833

93,406

90,095

90,324

87,793

Total earnings, as defined
$
333,121

$
333,677

$
291,770

$
347,984

$
300,440

 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
Interest charges1
$
92,006

$
91,762

$
88,034

$
88,309

$
85,359

Rental interest factor
1,609

1,402

1,717

1,510

1,803

Supplemental increment to fixed charges2
218

242

344

505

631

Total supplemental fixed charges
$
93,833

$
93,406

$
90,095

$
90,324

$
87,793

Supplemental ratio of earnings to fixed charges
3.55x

3.57x

3.24x

3.85x

3.42x

 
 
 
 
 
 
1 FIN 48 interest is not included in interest charges.
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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