Attached files

file filename
EX-31.1 - PUGET ENERGY CHIEF EXECUTIVE OFFICER CERTIFICATION - PUGET ENERGY INC /WApe-ex311_2015331xq1.htm
10-Q - 10-Q - PUGET ENERGY INC /WApe-2015331x10q.htm
EX-12.1 - PUGET ENERGY RATIO OF EARNINGS TO FIXED CHARGES - PUGET ENERGY INC /WApe-ex121_2015331xq1.htm
EX-31.2 - PUGET ENERGY CHIEF FINANCIAL OFFICER CERTIFICATION - PUGET ENERGY INC /WApe-ex312_2015331xq1.htm
EX-31.3 - PSE CHIEF EXECUTIVE OFFICER CERTIFICATION - PUGET ENERGY INC /WApe-ex313_2015331xq1.htm
EX-31.4 - PSE CHIEF FINANCIAL OFFICER CERTIFICATION - PUGET ENERGY INC /WApe-ex314_2015331xq1.htm
EX-32.1 - CHIEF EXECUTIVE OFFICER CERTIFICATION - PUGET ENERGY INC /WApe-ex321_2015331xq1.htm
EX-32.2 - CHIEF FINANCIAL OFFICER CERTIFICATION - PUGET ENERGY INC /WApe-ex322_2015331xq1.htm
10-Q - PUGET ENERGY AND PSE FORM 10-Q - PUGET ENERGY INC /WApe201533110qfinal.pdf
EXCEL - IDEA: XBRL DOCUMENT - PUGET ENERGY INC /WAFinancial_Report.xls


 
 
 
 
 
 
 
 
 
 
Exhibit 12.2
 
PUGET SOUND ENERGY
STATEMENT SETTING FORTH COMPUTATIONS OF RATIOS OF
EARNINGS TO FIXED CHARGES
(Dollars in Thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12 Months
 
 
 
 
 
 
 
 
 
 
 
 
Ended
 
 
 
 
 
 
 
 
 
 
 
 
March 31,
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings Available For Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax income:
 
 
 
 
 
 
 
 
 
 
 
 
   Income from continuing operations before
       income taxes
$
335,813

$
325,955

$
517,015

$
505,478

$
282,237

$
26,217

   AFUDC - equity
 
(7,280
)
 
(7,002
)
 
(15,930
)
 
(25,469
)
 
(32,430
)
 
(12,677
)
   AFUDC - debt
 
(5,890
)
 
(5,611
)
 
(11,261
)
 
(22,216
)
 
(29,949
)
 
(14,157
)
Total
$
322,643

$
313,342

$
489,824

$
457,793

$
219,858

$
(617
)
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
   Interest expense
$
263,991

$
264,926

$
261,377

$
247,013

$
231,416

$
235,011

   Other interest
 
7,280

 
7,002

 
15,930

 
25,469

 
32,430

 
12,677

Portion of rentals representative of the interest factor
 
10,601

 
10,732

 
10,257

 
10,251

 
8,767

 
5,391

Total
$
281,872

$
282,660

$
287,564

$
282,733

$
272,613

$
253,079

Earnings available for combined fixed charges
$
604,515

$
596,002

$
777,388

$
740,526

$
492,471

$
252,462

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
2.14x

 
2.11x

 
2.70x

 
2.62x

 
1.81x

 
1.00x