Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - PUGET ENERGY INC /WA | pe-ex322_20180930xq3.htm |
| EX-32.1 - EXHIBIT 32.1 - PUGET ENERGY INC /WA | pe-ex321_20180930xq3.htm |
| EX-31.4 - EXHIBIT 31.4 - PUGET ENERGY INC /WA | pe-ex314_20180930xq3.htm |
| EX-31.3 - EXHIBIT 31.3 - PUGET ENERGY INC /WA | pe-ex313_20180930xq3.htm |
| EX-31.2 - EXHIBIT 31.2 - PUGET ENERGY INC /WA | pe-ex312_20180930xq3.htm |
| EX-31.1 - EXHIBIT 31.1 - PUGET ENERGY INC /WA | pe-ex311_20180930xq3.htm |
| EX-12.1 - EXHIBIT 12.1 - PUGET ENERGY INC /WA | pe-ex121_20180930xq3.htm |
| 10-Q - 10-Q - PUGET ENERGY INC /WA | pe-20180930x10q.htm |
Exhibit 12.2 | |||||||||||||||
PUGET SOUND ENERGY | |||||||||||||||
STATEMENT SETTING FORTH COMPUTATIONS OF RATIOS OF | |||||||||||||||
EARNINGS TO FIXED CHARGES | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||
12 Months | |||||||||||||||
Ended | Years Ended | ||||||||||||||
September 30, | December 31, | ||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||
Earnings Available For Fixed Charges: | |||||||||||||||
Pre-tax income: | |||||||||||||||
Income from continuing operations before income taxes | $ | 420,818 | $ | 532,040 | $ | 555,928 | $ | 430,089 | $ | 325,955 | |||||
AFUDC - equity | (16,720 | ) | (15,027 | ) | (12,576 | ) | (9,325 | ) | (7,002 | ) | |||||
AFUDC - debt | (13,085 | ) | (10,826 | ) | (9,304 | ) | (7,575 | ) | (5,611 | ) | |||||
Total | $ | 391,013 | $ | 506,187 | $ | 534,048 | $ | 413,189 | $ | 313,342 | |||||
Fixed charges: | |||||||||||||||
Interest expense (a) | $ | 234,676 | $ | 240,144 | $ | 242,983 | $ | 247,571 | $ | 264,926 | |||||
Other interest | 16,720 | 15,027 | 12,576 | 9,325 | 7,002 | ||||||||||
Portion of rentals representative of the interest factor (b) | 8,071 | 8,062 | 8,061 | 8,980 | 10,732 | ||||||||||
Total | $ | 259,467 | $ | 263,233 | $ | 263,620 | $ | 265,876 | $ | 282,660 | |||||
Earnings available for combined fixed charges | $ | 650,480 | $ | 769,420 | $ | 797,668 | $ | 679,065 | $ | 596,002 | |||||
Ratio of Earnings to Fixed Charges | 2.51x | 2.92x | 3.03x | 2.55x | 2.11x | ||||||||||
(a) Interest expense for the year ended December 31, 2017 has been restated from the previously reported $229.3M.
(b) Represents interest portion of rents estimated at 33 1/3 percent.