ARIZONA PUBLIC SERVICE CO - FORM 10-K - EX-12.2 - EXHIBIT 12.2 - 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-12.1 - EXHIBIT 12.1 - ARIZONA PUBLIC SERVICE COc96360exv12w1.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 12.2
ARIZONA PUBLIC SERVICE COMPANY
COMPUTATION OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
                                         
    Twelve Months Ended December 31,  
    2009     2008     2007     2006     2005  
Earnings:
                                        
Income from Continuing Operations
   $ 251,225     $ 262,344     $ 283,940     $ 269,730     $ 170,479  
Income taxes
     152,574       107,261       151,157       138,927       98,010  
Fixed charges
     233,614       213,583       202,044       191,174       178,437  
 
                              
Total earnings
   $ 637,413     $ 583,188     $ 637,141     $ 599,831     $ 446,926  
 
                              
 
                                        
Fixed Charges:
                                        
Interest charges
   $ 206,222     $ 183,503     $ 170,594     $ 158,769     $ 145,502  
Amortization of debt discount
     4,675       4,702       4,639       4,363       4,085  
Estimated interest portion of annual rents
     22,717       25,378       26,811       28,042       28,850  
 
                              
Total fixed charges
   $ 233,614     $ 213,583     $ 202,044     $ 191,174     $ 178,437  
 
                              
 
                                        
Ratio of Earnings to Fixed Charges (rounded down)
     2.72       2.73       3.15       3.13       2.50