PNM RESOURCES INC - FORM 10-Q - EX-12.3 - EXHIBIT 12.3 - July 31, 2018

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EX-32.2 - EXHIBIT 32.2 - PNM RESOURCES INCpnm6302018ex322.htm
10-Q - 10-Q - PNM RESOURCES INCpnm630201810-q.htm
EX-32.3 - EXHIBIT 32.3 - PNM RESOURCES INCpnm6302018ex323.htm
EX-32.1 - EXHIBIT 32.1 - PNM RESOURCES INCpnm6302018ex321.htm
EX-31.6 - EXHIBIT 31.6 - PNM RESOURCES INCpnm6302018ex316.htm
EX-31.5 - EXHIBIT 31.5 - PNM RESOURCES INCpnm6302018ex315.htm
EX-31.4 - EXHIBIT 31.4 - PNM RESOURCES INCpnm6302018ex314.htm
EX-31.3 - EXHIBIT 31.3 - PNM RESOURCES INCpnm6302018ex313.htm
EX-31.2 - EXHIBIT 31.2 - PNM RESOURCES INCpnm6302018ex312.htm
EX-31.1 - EXHIBIT 31.1 - PNM RESOURCES INCpnm6302018ex311.htm
EX-12.2 - EXHIBIT 12.2 - PNM RESOURCES INCpnm6302018ex122.htm
EX-12.1 - EXHIBIT 12.1 - PNM RESOURCES INCpnm6302018ex121.htm


Exhibit 12.3
 
 
TEXAS-NEW MEXICO POWER COMPANY
 
Ratio of Earnings to Fixed Charges
 
(In thousands, except ratio)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
Year Ended December 31,
 
 
 
June 30, 2018
 
2017
 
2016
 
2015
 
2014
 
2013
 
Fixed charges, as defined by the Securities and Exchange Commission:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
 
$
15,176

 
$
28,739

 
$
27,698

 
$
25,875

 
$
24,941

 
$
24,481

 
Amortization of debt premium, discount, and expenses
 
628

 
1,048

 
1,039

 
1,100

 
1,195

 
1,159

 
Estimated interest factor of lease rental charges
 
653

 
1,190

 
1,249

 
1,229

 
1,311

 
1,241

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Fixed Charges
 
$
16,457

 
$
30,977

 
$
29,986

 
$
28,204

 
$
27,447

 
$
26,881

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined by the Securities and Exchange Commission:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
 
$
31,747

 
$
67,071

 
$
65,508

 
$
66,088

 
$
60,330

 
$
46,711

 
Fixed charges as above
 
16,457

 
30,977

 
29,986

 
28,204

 
27,447

 
26,881

 
Interest capitalized
 
(924
)
 
(1,189
)
 
(877
)
 
(593
)
 
(609
)
 
(361
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Available for Fixed Charges
 
$
47,280

 
$
96,859

 
$
94,617

 
$
93,699

 
$
87,168

 
$
73,231

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
2.87

 
3.13

 
3.16

 
3.32

 
3.18

 
2.72

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



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