IDACORP INC - FORM 10-Q - EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - August 2, 2018

Attached files

file filename
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida63018ex951-minesafety.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - IDACORP INCida63018ex312.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida63018ex311.htm
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 302 - IDACORP INCida63018ex314.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida63018ex322.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida63018ex323.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida63018ex324.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 302 - IDACORP INCida63018ex313.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida63018ex321.htm
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida63018ex151.htm
EX-12.1 - IDACORP, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - IDACORP INCida63018ex121.htm
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida63018ex152.htm
10-Q - 10-Q - IDACORP INCida6301810q.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)

 
Six months ended
June 30,
Twelve Months Ended
 
December 31,
 
2018
2017
2016
2015
2014
2013
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
106,989

$
257,609

$
226,427

$
239,211

$
208,903

$
253,001

Adjust for distributed income of equity investees
6,475

13,733

12,861

1,060

(7,228
)
4,659

Fixed charges, as below
47,964

94,191

93,615

93,164

89,751

89,819

Total earnings, as defined
$
161,428

$
365,533

$
332,903

$
333,435

$
291,426

$
347,479

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
47,192

$
92,354

$
92,006

$
91,762

$
88,034

$
88,309

Rental interest factor
772

1,837

1,609

1,402

1,717

1,510

Total fixed charges, as defined
$
47,964

$
94,191

$
93,615

$
93,164

$
89,751

$
89,819

Ratio of earnings to fixed charges
3.37x

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
$
106,989

$
257,609

$
226,427

$
239,211

$
208,903

$
253,001

Adjust for distributed income of equity investees
6,475

13,733

12,861

1,060

(7,228
)
4,659

Supplemental fixed charges, as below
48,104

94,401

93,833

93,406

90,095

90,324

Total earnings, as defined
$
161,568

$
365,743

$
333,121

$
333,677

$
291,770

$
347,984

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
47,192

$
92,354

$
92,006

$
91,762

$
88,034

$
88,309

Rental interest factor
772

1,837

1,609

1,402

1,717

1,510

Supplemental increment to fixed charges (2)
140

210

218

242

344

505

Total supplemental fixed charges
$
48,104

$
94,401

$
93,833

$
93,406

$
90,095

$
90,324

Supplemental ratio of earnings to fixed charges
3.36x

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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