IDACORP INC - FORM 10-K - EX-12.2 - IDAHO POWER COMPANY CONSOLIDATED FINANCIAL INFORMATION RATIO OF EARNINGS TO FIX - February 22, 2018

Attached files

file filename
EX-23.2 - IDAHO POWER COMPANY CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - IDACORP INCida123117ex232-consent.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida123117ex951-minesafety.htm
EX-32.4 - IDAHO POWER SECTION 1350 CFO CERTIFICATION - IDACORP INCida123117ex324.htm
EX-32.3 - IDAHO POWER SECTION1350 CEO CERTIFICATION - IDACORP INCida123117ex323.htm
EX-32.2 - IDACORP, INC. SECTION 1350 CFO CERTIFICATION - IDACORP INCida123117ex322.htm
EX-32.1 - IDACORP, INC. SECTION 1350 CEO CERTIFICATION - IDACORP INCida123117ex321.htm
EX-31.4 - IDAHO POWER RULE 13A-14(A) CFO CERTIFICATION - IDACORP INCida123117ex314.htm
EX-31.3 - IDAHO POWER RULE 13A-14(A) CEO CERTIFICATION - IDACORP INCida123117ex313.htm
EX-31.2 - IDACORP, INC. RULE 13A-14(A) CFO CERTIFICATION - IDACORP INCida123117ex312.htm
EX-31.1 - IDACORP, INC. RULE 13A-14(A) CEO CERTIFICATION - IDACORP INCida123117ex311.htm
EX-23.1 - IDACORP CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - IDACORP INCida123117ex231-consent.htm
EX-21.1 - SUBSIDIARIES OF IDACORP, INC. - IDACORP INCida123117ex211.htm
EX-12.1 - IDACORP, INC. CONSOLIDATED FINANCIAL INFORMATION RATIO OF EARNINGS TO FIXED CHAR - IDACORP INCida123117ex121.htm
EX-10.37 - IDACORP, INC. AND IDAHO POWER COMPANY COMPENSATION FOR NON-EMPLOYEE DIRECTORS - IDACORP INCida123117ex_1037.htm
EX-10.28 - IDACORP, INC. AND/OR IDAHO POWER COMPANY EXECUTIVE OFFICERS WITH AMENDED AND RES - IDACORP INCida123117ex_1028.htm
EX-10.22 - IDACORP, INC. NON-EMPLOYEE DIRECTORS STOCK COMPENSATION PLAN, AS AMENDED NOVEMBE - IDACORP INCida123117ex_1022.htm
EX-10.13 - LETTER AGREEMENT,EFFECTIVE AS OF NOVEMBER 7, 2017, AMONG IDAHO POWER COMPANY, WE - IDACORP INCida123117ex_1013.htm
EX-10.12 - LETTER AGREEMENT, EFFECTIVE AS OF NOVEMBER 7, 2017, AMONG IDACORP, INC., WELLS F - IDACORP INCida123117ex_1012.htm
10-K - 10-K - IDACORP INCida12311710k.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,
 
2017
2016
2015
2014
2013
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
Income from continuing operations before income taxes
$
257,609

$
226,427

$
239,211

$
208,903

$
253,001

Adjust for distributed income of equity investees
13,733

12,861

1,060

(7,228
)
4,659

Fixed charges, as below
94,191

93,615

93,164

89,751

89,819

Total earnings, as defined
$
365,533

$
332,903

$
333,435

$
291,426

$
347,479

 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
Interest charges1
$
92,354

$
92,006

$
91,762

$
88,034

$
88,309

Rental interest factor
1,837

1,609

1,402

1,717

1,510

Total fixed charges, as defined
$
94,191

$
93,615

$
93,164

$
89,751

$
89,819

Ratio of earnings to fixed charges
3.88x

3.56x

3.58x

3.25x

3.87x

 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
Income from continuing operations before income taxes
$
257,609

$
226,427

$
239,211

$
208,903

$
253,001

Adjust for distributed income of equity investees
13,733

12,861

1,060

(7,228
)
4,659

Supplemental fixed charges, as below
94,401

93,833

93,406

90,095

90,324

Total earnings, as defined
$
365,743

$
333,121

$
333,677

$
291,770

$
347,984

 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
Interest charges1
$
92,354

$
92,006

$
91,762

$
88,034

$
88,309

Rental interest factor
1,837

1,609

1,402

1,717

1,510

Supplemental increment to fixed charges2
210

218

242

344

505

Total supplemental fixed charges
$
94,401

$
93,833

$
93,406

$
90,095

$
90,324

Supplemental ratio of earnings to fixed charges
3.87x

3.55x

3.57x

3.24x

3.85x

 
 
 
 
 
 
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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