PUGET ENERGY INC /WA - FORM 10-K - EX-12.2 - STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES OF PUGET SOUND ENERGY, INC. - March 2, 2017

Attached files

file filename
EX-12.1 - STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES OF PUGET ENERGY, INC. - PUGET ENERGY INC /WApe201610k-exhibit121.htm
EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION - PUGET ENERGY INC /WApe201610k-exhibit322.htm
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION - PUGET ENERGY INC /WApe201610k-exhibit321.htm
EX-31.4 - CERTIFICATION OF PUGET SOUND ENERGY, INC. - CERTIFICATION PURSUANT TO 18 U.S.C. - PUGET ENERGY INC /WApe201610k-exhibit314.htm
EX-31.3 - CERTIFICATION OF PUGET SOUND ENERGY, INC. - CERTIFICATION PURSUANT TO 18 U.S.C. - PUGET ENERGY INC /WApe201610k-exhibit313.htm
EX-31.2 - CERTIFICATION OF PUGET ENERGY, INC. - CERTIFICATION PURSUANT TO 18 U.S.C. SECTIO - PUGET ENERGY INC /WApe201610k-exhibit312.htm
EX-31.1 - CERTIFICATION OF PUGET ENERGY, INC. - CERTIFICATION PURSUANT TO 18 U.S.C. SECTIO - PUGET ENERGY INC /WApe201610k-exhibit311.htm
EX-23.1 - CONSENT OF PRICEWATERHOUSECOOPERS LLP. - PUGET ENERGY INC /WApe201610k-exhibit231.htm
EX-21.2 - SUBSIDIARIES OF PUGET SOUND ENERGY, INC - PUGET ENERGY INC /WApe201610k-exhibit212.htm
EX-21.1 - SUBSIDIARIES OF PUGET ENERGY, INC. - PUGET ENERGY INC /WApe201610k-exhibit211.htm
10-K - PUGET ENERGY AND PUGET SOUND ENERGY FORM 10-K FOR YEAR ENDED DECEMBER 31, 2016 - PUGET ENERGY INC /WApe-12312016x10k.htm


 
 
 
 
 
 
 
 
 
 Exhibit 12.2
PUGET SOUND ENERGY
STATEMENT SETTING FORTH COMPUTATIONS OF RATIOS OF
EARNINGS TO FIXED CHARGES
(Dollars in Thousands)
 
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
 
Earnings Available For Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Pre-tax income:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
$
555,928

 
$
430,089

 
$
325,955

 
$
517,015

 
$
505,478

 
AFUDC - equity
(12,576
)
 
(9,325
)
 
(7,002
)
 
(15,930
)
 
(25,469
)
 
AFUDC - debt
(9,304
)
 
(7,575
)
 
(5,611
)
 
(11,261
)
 
(22,216
)
 
Total
534,048

 
413,189

 
313,342

 
489,824

 
457,793

 
Fixed charges:
 
 
 
 
 
 
 

 
 

 
Interest expense
242,983

 
247,571

 
264,926

 
261,377

 
247,013

 
Other interest
12,576

 
9,325

 
7,002

 
15,930

 
25,469

 
Portion of rentals representative of the interest factor (a)
8,061

 
8,980

 
10,732

 
10,257

 
10,251

 
Total
263,620

 
265,876

 
282,660

 
287,564

 
282,733

 
Earnings available for combined fixed charges
$
797,668

 
$
679,065

 
$
596,002

 
$
777,388

 
$
740,526

 
Ratio of Earnings to Fixed Charges
$
3.03

x
$
2.55

x
$
2.11

x
$
2.70

x
$
2.62

x

(a) Represents interest portion of rents estimated at 33 1/3 percent.



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