Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - ARIZONA PUBLIC SERVICE CO | c91385e10vq.htm |
| EX-32.2 - EXHIBIT 32.2 - ARIZONA PUBLIC SERVICE CO | c91385exv32w2.htm |
| EX-31.3 - EXHIBIT 31.3 - ARIZONA PUBLIC SERVICE CO | c91385exv31w3.htm |
| EX-12.3 - EXHIBIT 12.3 - ARIZONA PUBLIC SERVICE CO | c91385exv12w3.htm |
| EX-31.4 - EXHIBIT 31.4 - ARIZONA PUBLIC SERVICE CO | c91385exv31w4.htm |
| EX-31.2 - EXHIBIT 31.2 - ARIZONA PUBLIC SERVICE CO | c91385exv31w2.htm |
| EX-32.1 - EXHIBIT 32.1 - ARIZONA PUBLIC SERVICE CO | c91385exv32w1.htm |
| EX-12.1 - EXHIBIT 12.1 - ARIZONA PUBLIC SERVICE CO | c91385exv12w1.htm |
| EX-31.1 - EXHIBIT 31.1 - ARIZONA PUBLIC SERVICE CO | c91385exv31w1.htm |
Exhibit 12.2
ARIZONA PUBLIC SERVICE COMPANY
COMPUTATION OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
COMPUTATION OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
| Nine Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| September 30, | Twelve Months Ended December 31, | |||||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Income from
continuing operations |
$ | 260,130 | $ | 262,344 | $ | 283,940 | $ | 269,730 | $ | 170,479 | $ | 199,627 | ||||||||||||
Income taxes |
154,357 | 107,261 | 151,157 | 138,927 | 98,010 | 120,030 | ||||||||||||||||||
Fixed charges |
174,282 | 213,583 | 202,044 | 191,174 | 178,437 | 181,372 | ||||||||||||||||||
Total earnings |
$ | 588,769 | $ | 583,188 | $ | 637,141 | $ | 599,831 | $ | 446,926 | $ | 501,029 | ||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest charges |
$ | 153,593 | $ | 183,503 | $ | 170,594 | $ | 158,769 | $ | 145,502 | $ | 146,983 | ||||||||||||
Amortization of
debt discount |
3,560 | 4,702 | 4,639 | 4,363 | 4,085 | 4,854 | ||||||||||||||||||
Estimated interest
portion
of annual rents |
17,129 | 25,378 | 26,811 | 28,042 | 28,850 | 29,535 | ||||||||||||||||||
Total fixed charges |
$ | 174,282 | $ | 213,583 | $ | 202,044 | $ | 191,174 | $ | 178,437 | $ | 181,372 | ||||||||||||
Ratio of Earnings to Fixed
Charges (rounded down) |
3.37 | 2.73 | 3.15 | 3.13 | 2.50 | 2.76 | ||||||||||||||||||