IDACORP INC - FORM 10-Q - EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - October 30, 2014

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EXCEL - IDEA: XBRL DOCUMENT - IDACORP INCFinancial_Report.xls
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida93014ex314.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida93014ex311.htm
EX-3.15 - IDACORP, INC. AMENDED RESTATED BYLAWS - IDACORP INCexhibit315-amendedandresta.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida93014ex951-minesafety.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93014ex324.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - IDACORP INCida93014ex312.htm
EX-15.1 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93014ex151.htm
EX-12.1 - IDACORP, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - IDACORP INCida93014ex121.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93014ex322.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida93014ex313.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93014ex323.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93014ex321.htm
10-Q - 10-Q - IDACORP INCida9301410q.htm
EX-3.16 - IDACORP, INC. MARKED AMENDED AND RESTATED BYLAWS - IDACORP INCexhibit316-markedamendedan.htm


Exhibit 12.2
Idaho Power Company
Consolidated Financial Information
Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges
(Thousands of Dollars)

 
Nine months ended
September 30,
Twelve Months Ended
 
December 31,
 
2014
2013
2012
2011
2010
2009
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
191,053

$
253,001

$
204,138

$
123,351

$
151,347

$
158,080

Adjust for distributed income of equity investees
(2,178
)
4,659

8,509

(9,018
)
(6,526
)
2,464

Fixed charges, as below
67,334

89,819

87,162

86,249

85,579

78,543

Total earnings, as defined
$
256,209

$
347,479

$
299,809

$
200,582

$
230,400

$
239,087

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
65,970

$
88,309

$
85,359

$
84,626

$
84,651

$
77,580

Rental interest factor
1,364

1,510

1,803

1,623

928

963

Total fixed charges, as defined
$
67,334

$
89,819

$
87,162

$
86,249

$
85,579

$
78,543

Ratio of earnings to fixed charges
3.81x

3.87x

3.44x

2.33x

2.69x

 3.04x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
191,053

$
253,001

$
204,138

$
123,351

$
151,347

$
158,080

Adjust for distributed income of equity investees
(2,178
)
4,659

8,509

(9,018
)
(6,526
)
2,464

Supplemental fixed charges, as below
67,599

90,324

87,793

87,035

86,643

80,028

Total earnings, as defined
$
256,474

$
347,984

$
300,440

$
201,368

$
231,464

$
240,572

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
65,970

$
88,309

$
85,359

$
84,626

$
84,651

$
77,580

Rental interest factor
1,364

1,510

1,803

1,623

928

963

Supplemental increment to fixed charges (2)
265

505

631

786

1,064

1,485

Total supplemental fixed charges
$
67,599

$
90,324

$
87,793

$
87,035

$
86,643

$
80,028

Supplemental ratio of earnings to fixed charges
3.79x

3.85x

3.42x

2.31x

2.67x

3.01x

 
 
 
 
 
 
 
(1) FIN 48 interest is not included in interest charges.
(2) Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.


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