ARIZONA PUBLIC SERVICE CO - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 19, 2010

Attached files

file filename
EX-31.1 - EXHIBIT 31.1 - ARIZONA PUBLIC SERVICE COc96360exv31w1.htm
10-K - FORM 10-K - ARIZONA PUBLIC SERVICE COc96360e10vk.htm
EX-10.11.3 - EXHIBIT 10.11.3 - ARIZONA PUBLIC SERVICE COc96360exv10w11w3.htm
EX-12.2 - EXHIBIT 12.2 - ARIZONA PUBLIC SERVICE COc96360exv12w2.htm
EX-31.3 - EXHIBIT 31.3 - ARIZONA PUBLIC SERVICE COc96360exv31w3.htm
EX-32.2 - EXHIBIT 32.2 - ARIZONA PUBLIC SERVICE COc96360exv32w2.htm
EX-21.1 - EXHIBIT 21.1 - ARIZONA PUBLIC SERVICE COc96360exv21w1.htm
EX-32.1 - EXHIBIT 32.1 - ARIZONA PUBLIC SERVICE COc96360exv32w1.htm
EX-31.4 - EXHIBIT 31.4 - ARIZONA PUBLIC SERVICE COc96360exv31w4.htm
EX-12.3 - EXHIBIT 12.3 - ARIZONA PUBLIC SERVICE COc96360exv12w3.htm
EX-23.2 - EXHIBIT 23.2 - ARIZONA PUBLIC SERVICE COc96360exv23w2.htm
EX-31.2 - EXHIBIT 31.2 - ARIZONA PUBLIC SERVICE COc96360exv31w2.htm
EX-10.6.5 - EXHIBIT 10.6.5 - ARIZONA PUBLIC SERVICE COc96360exv10w6w5.htm
EX-10.5.3 - EXHIBIT 10.5.3 - ARIZONA PUBLIC SERVICE COc96360exv10w5w3.htm
EX-10.11.5 - EXHIBIT 10.11.5 - ARIZONA PUBLIC SERVICE COc96360exv10w11w5.htm
EX-10.2.6.A - EXHIBIT 10.2.6A - ARIZONA PUBLIC SERVICE COc96360exv10w2w6wa.htm
EX-23.1 - EXHIBIT 23.1 - ARIZONA PUBLIC SERVICE COc96360exv23w1.htm
EX-10.4.13 - EXHIBIT 10.4.13 - ARIZONA PUBLIC SERVICE COc96360exv10w4w13.htm
Exhibit 12.1
PINNACLE WEST CAPITAL CORPORATION
COMPUTATION OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
                                         
    Twelve Months Ended December 31,  
    2009     2008     2007     2006     2005  
Earnings:
                                        
Income from continuing operations attributable to common shareholders
   $ 82,006     $ 231,304     $ 300,436     $ 308,972     $ 223,933  
Income taxes
     37,827       76,897       152,006       151,122       127,361  
Fixed charges
     256,987       241,370       235,011       224,681       213,967  
 
                              
Total earnings
   $ 376,820     $ 549,571     $ 687,453     $ 684,775     $ 565,261  
 
                              
 
                                        
Fixed Charges:
                                        
Interest expense
   $ 233,859     $ 215,684     $ 207,827     $ 196,388     $ 184,624  
Estimated interest portion of annual rents
     23,128       25,686       27,184       28,293       29,343  
 
                              
Total fixed charges
   $ 256,987     $ 241,370     $ 235,011     $ 224,681     $ 213,967  
 
                              
 
                                        
Ratio of Earnings to Fixed Charges (rounded down)
     1.46       2.27       2.92       3.04       2.64