TUCSON ELECTRIC POWER CO - FORM 10-Q - EX-12.B - EXHIBIT 12(B) - May 2, 2011

Attached files

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10-Q - FORM 10-Q - TUCSON ELECTRIC POWER COc14995e10vq.htm
EX-12.A - EXHIBIT 12(A) - TUCSON ELECTRIC POWER COc14995exv12wa.htm
EXCEL - IDEA: XBRL DOCUMENT - TUCSON ELECTRIC POWER COFinancial_Report.xls
EX-32 - EXHIBIT 32 - TUCSON ELECTRIC POWER COc14995exv32.htm
EX-15 - EXHIBIT 15 - TUCSON ELECTRIC POWER COc14995exv15.htm
EX-31.A - EXHIBIT 31(A) - TUCSON ELECTRIC POWER COc14995exv31wa.htm
EX-31.B - EXHIBIT 31(B) - TUCSON ELECTRIC POWER COc14995exv31wb.htm
EX-31.C - EXHIBIT 31(C) - TUCSON ELECTRIC POWER COc14995exv31wc.htm
EX-31.D - EXHIBIT 31(D) - TUCSON ELECTRIC POWER COc14995exv31wd.htm
Exhibit 12b
Tucson Electric Power Company
Computation of Ratio of Earnings to Fixed Charges
                                                         
    3 Months Ended     12 Months Ended     12 Months Ended  
    March 31,     March 31,     December 31,     December 31,     December 31,     December 31,     December 31,  
    2011     2011     2010     2009     2008     2007     2006  
    —Thousands of Dollars—  
 
    
Fixed Charges:
                                                        
Interest on Long-Term Debt
     12,255       44,755       42,378       36,226       47,456       50,230       51,422  
Other Interest (1)
     (60 )     (28 )     433       1,571       1,367       4,538       6,436  
Interest on Capital Lease Obligations
     11,132       50,066       52,534       53,670       57,252       64,477       72,556  
Estimated Interest Portion of Rental Expense
     6       60       72       106       130       160       188  
 
                                          
Total Fixed Charges
     23,333       94,853       95,417       91,573       106,205       119,405       130,602  
 
                                          
 
                                                        
Net Income
     6,983       103,611       106,978       89,248       4,363       53,456       66,745  
 
                                                        
Add (Deduct):
                                                        
(Income) Losses from Equity Investees
     —       —       —       —       (1,381 )     —       (320 )
Income Taxes
     208       54,918       61,057       55,130       10,867       35,542       42,478  
Total Fixed Charges
     23,333       94,853       95,417       91,573       106,205       119,405       130,602  
 
                                          
 
                                                        
Total Earnings before Taxes and Fixed Charges
   $ 30,524     $ 253,382       263,452       235,951       120,054       208,403       239,505  
 
                                          
 
                                                        
Ratio of Earnings to Fixed Charges
     1.308       2.671       2.761       2.577       1.130       1.745       1.834  
     
(1)   Excludes recognition of Allowance for Borrowed Funds Used During Construction.

 

 

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