EL PASO ELECTRIC CO /TX/ - FORM 10-K - EX-12.01 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - February 26, 2010

Attached files

file	filename
10-K - FORM 10-K - EL PASO ELECTRIC CO /TX/	d10k.htm
EX-24.02 - CERTIFIED COPY OF RESOLUTION AUTHORIZING SIGNATURES - EL PASO ELECTRIC CO /TX/	dex2402.htm
EX-23.01 - CONSENT OF KPMG LLP - EL PASO ELECTRIC CO /TX/	dex2301.htm
EX-32.01 - CERTIFICATIONS PURSUANT TO SECTION 906 - EL PASO ELECTRIC CO /TX/	dex3201.htm
EX-31.01 - CERTIFICATIONS PURSUANT TO SECTION 302 - EL PASO ELECTRIC CO /TX/	dex3101.htm

EXHIBIT 12.01

EL PASO ELECTRIC COMPANY

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(Dollars in Thousands)


		Years Ended December 31,
		2009			2008			2007			2006			2005
Earnings from Continuing Operations (a)		99,977			115,451			109,220			87,453			55,204
Fixed Charges (b)
Interest charges		50,908			48,813			37,648			36,744			41,461
Interest portion of rent expense		929			1,085			1,181			1,186			1,251

Total Fixed Charges		51,837			49,898			38,829			37,930			42,712
Capitalized Interest		(16,283	)		(15,872	)		(11,897	)		(4,907	)		(5,783	)

Earnings (c)		135,531			149,477			136,152			120,476			92,133

Ratio of Earnings to Fixed Charges		2.6			3.0			3.5			3.2			2.2

(a)	Earnings from continuing operations consist of income from continuing operations before income taxes, extraordinary item and cumulative effects of accounting changes.

(b)	Fixed charges consist of all interest on indebtedness, amortization of debt discount and expense and the estimated portion of rental expense that represents an interest factor.

(c)	Earnings consist of earnings from continuing operations and fixed charges less AFUDC and capitalized interest.