TEXAS NEW MEXICO POWER CO - FORM 10-Q - EX-12.2 - PNM - RATIO OF EARNINGS TO FIXED CHARGES - August 9, 2010

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10-Q - FORM 10-Q - TEXAS NEW MEXICO POWER COd10q.htm
EX-32.6 - TNMP - 906 CERTIFICATION OF THE CFO - TEXAS NEW MEXICO POWER COdex326.htm
EX-31.2 - PNMR - 302 CERTIFICATION OF THE CFO - TEXAS NEW MEXICO POWER COdex312.htm
EX-12.3 - TNMP - RATIO OF EARNINGS TO FIXED CHARGES - TEXAS NEW MEXICO POWER COdex123.htm
EX-31.5 - TNMP - 302 CERTIFICATION OF THE CEO - TEXAS NEW MEXICO POWER COdex315.htm
EX-32.2 - PNMR - 906 CERTIFICATION OF THE CFO - TEXAS NEW MEXICO POWER COdex322.htm
EX-32.4 - PNM - 906 CERTIFICATION OF THE CFO - TEXAS NEW MEXICO POWER COdex324.htm
EX-31.3 - PNM - 302 CERTIFICATION OF THE CEO - TEXAS NEW MEXICO POWER COdex313.htm
EX-31.4 - PNM - 302 CERTIFICATION OF THE CFO - TEXAS NEW MEXICO POWER COdex314.htm
EX-32.3 - PNM - 906 CERTIFICATION OF THE CEO - TEXAS NEW MEXICO POWER COdex323.htm
EX-31.6 - TNMP - 302 CERTIFICATION OF THE CFO - TEXAS NEW MEXICO POWER COdex316.htm
EX-12.1 - PNMR - RATIO OF EARNINGS TO FIXED CHARGES - TEXAS NEW MEXICO POWER COdex121.htm
EX-32.1 - PNMR - 906 CERTIFICATION OF THE CEO - TEXAS NEW MEXICO POWER COdex321.htm
EX-31.1 - PNMR - 302 CERTIFICATION OF THE CEO - TEXAS NEW MEXICO POWER COdex311.htm
EX-32.5 - TNMP - 906 CERTIFICATION OF THE CEO - TEXAS NEW MEXICO POWER COdex325.htm
  PUBLIC SERVICE COMPANY OF NEW MEXICO   Exhibit 12.2

Ratio of Earnings to Fixed Charges

(In thousands, except ratio)

 

    Six Months Ended
June 30, 2010		   Year Ended December 31,
      2009   2008     2007   2006   2005

Fixed charges, as defined by the Securities and Exchange Commission:

            

Interest expensed and capitalized

     $ 37,362       $ 73,104       $ 72,427          $ 58,045       $ 49,379       $ 44,442  

Amortization of debt premium, discount and expenses

     652       1,336       4,345          4,618       2,871       2,856  

Interest from discontinued operations (including capitalized interest)

     -           1,027       13,758          12,546       11,790       10,658  

Estimated interest factor of lease rental charges

     1,940       4,517       4,553          4,661       4,337       4,588  
                                     

Total Fixed Charges

     $ 39,954       $ 79,984       $ 95,083          $ 79,870       $ 68,377       $ 62,544  
                                     

Earnings, as defined by the Securities and Exchange Commission:

            

Earnings from continuing operations before income taxes and non-controlling interest

     $ 28,567       $ 45,627       $         (69,324)         $ 34,611       $ 89,657       $ 51,034  

Fixed charges as above

     39,954       79,984       95,083          79,870       68,377       62,544  

Non-controlling interest in earnings of Valencia

     (6,396)      (11,890)      (7,179)         -           -           -      

Interest capitalized

     (1,782)      (6,067)      (7,363)         (10,033)      (5,257)      (3,512) 
                                     

Earnings Available for Fixed Charges

     $ 60,343       $         107,654       $ 11,217          $         104,448       $         152,777       $         110,066  
                                     

Ratio of Earnings to Fixed Charges

     1.51       1.35       0.12    *      1.31       2.23       1.76  
                                     

* The shortfall in the earnings available for fixed charges to achieve a ratio of earnings to fixed charges of 1.00 amounted to $83.9 million for the year December 31, 2008

TEXAS NEW MEXICO POWER CO Reports