IDAHO POWER CO - FORM 10-Q - EX-12.1 - IDACORP, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES - April 30, 2015

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EXCEL - IDEA: XBRL DOCUMENT - IDAHO POWER COFinancial_Report.xls
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDAHO POWER COida33115ex151.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - IDAHO POWER COida33115ex312.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDAHO POWER COida33115ex323.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDAHO POWER COida33115ex321.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDAHO POWER COida33115ex313.htm
EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF EARNINGS TO FIXED CHARGES - IDAHO POWER COida33115ex122.htm
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDAHO POWER COida33115ex314.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDAHO POWER COida33115ex311.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDAHO POWER COida33115ex324.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDAHO POWER COida33115ex322.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDAHO POWER COida33115ex951-minesafety.htm
10-Q - 10-Q - IDAHO POWER COida3311510q.htm
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDAHO POWER COida33115ex152.htm


Exhibit 12.1
IDACORP, Inc.
Consolidated Financial Information
Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges
(Thousands of Dollars)

 
Three months ended
March 31,
Twelve Months Ended
 
December 31,
 
2015
2014
2013
2012
2011
2010
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
29,455

$
210,526

$
254,520

$
206,992

$
125,795

$
152,568

Adjust for distributed income of equity investees
2,363

(6,797
)
4,812

7,704

(8,993
)
(7,317
)
Fixed charges, as below
23,157

90,012

90,236

87,635

86,758

86,806

Total earnings, as defined
$
54,975

$
293,741

$
349,568

$
302,331

$
203,560

$
232,057

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
22,802

$
88,265

$
88,695

$
85,799

$
85,097

$
85,840

Rental interest factor
355

1,747

1,541

1,836

1,661

966

Total fixed charges, as defined
$
23,157

$
90,012

$
90,236

$
87,635

$
86,758

$
86,806

Ratio of earnings to fixed charges
2.37x

3.26x

3.87x

3.45x

2.35x

2.67x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
29,455

$
210,526

$
254,520

$
206,992

$
125,795

$
152,568

Adjust for distributed income of equity investees
2,363

(6,797
)
4,812

7,704

(8,993
)
(7,317
)
Supplemental fixed charges, as below
23,221

90,356

90,741

88,266

87,544

87,870

Total earnings, as defined
$
55,039

$
294,085

$
350,073

$
302,962

$
204,346

$
233,121

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
22,802

$
88,265

$
88,695

$
85,799

$
85,097

$
85,840

Rental interest factor
355

1,747

1,541

1,836

1,661

966

Supplemental increment to fixed charges (2)
64

344

505

631

786

1,064

Total supplemental fixed charges
$
23,221

$
90,356

$
90,741

$
88,266

$
87,544

$
87,870

Supplemental ratio of earnings to fixed charges
2.37x

3.25x

3.86x

3.43x

2.33x

2.65x

 
 
 
 
 
 
 
(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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