Attached files
| file | filename |
|---|---|
| EX-5.1 - OPINION OF PERKINS COIE LLP - PACIFICORP /OR/ | pacificorp1612ex51.htm |
| EX-99.1 - OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION - PACIFICORP /OR/ | pacificorp1612ex991.htm |
| 8-K - PACIFICORP FORM 8-K 1-6-2012 - PACIFICORP /OR/ | pacificorp1612form8-k.htm |
| EX-4.1 - TWENTY-FIFTH SUPPLEMENTAL INDENTURE - PACIFICORP /OR/ | pacificorp1612ex41.htm |
EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
Nine-Month | Nine-Month | |||||||||||||||||||||||
Period Ended | Years Ended December 31, | Period Ended | ||||||||||||||||||||||
September 30, 2011 | 2010 | 2009 | 2008 | 2007 | December 31, 2006 | |||||||||||||||||||
Earnings Available for Fixed Charges: | ||||||||||||||||||||||||
Income from continuing operations | ||||||||||||||||||||||||
before income tax expense | $ | 603 | $ | 777 | $ | 784 | $ | 703 | $ | 665 | $ | 253 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 301 | 392 | 398 | 349 | 322 | 221 | ||||||||||||||||||
Deduct: | ||||||||||||||||||||||||
Net income attributable to noncontrolling | ||||||||||||||||||||||||
interest in subsidiary that has not | ||||||||||||||||||||||||
incurred fixed charges | — | — | (8 | ) | (7 | ) | (6 | ) | (6 | ) | ||||||||||||||
Total earnings available for fixed charges | $ | 904 | $ | 1,169 | $ | 1,174 | $ | 1,045 | $ | 981 | $ | 468 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 297 | $ | 387 | $ | 394 | $ | 343 | $ | 314 | $ | 215 | ||||||||||||
Estimated interest portion of rentals | ||||||||||||||||||||||||
charged to expense | 4 | 5 | 4 | 6 | 8 | 6 | ||||||||||||||||||
Total fixed charges | $ | 301 | $ | 392 | $ | 398 | $ | 349 | $ | 322 | $ | 221 | ||||||||||||
Ratio of Earnings to Fixed Charges | 3.0 x | 3.0 x | 2.9 x | 3.0 x | 3.0 x | 2.1 x | ||||||||||||||||||