IDACORP INC - FORM 10-Q - EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF EARNINGS TO FIXED CHARGES - October 29, 2015

Attached files

file filename
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93015ex152.htm
EX-12.1 - IDACORP, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES - IDACORP INCida93015ex121.htm
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93015ex151.htm
EX-10.3 - FIFTH AMENDMENT TO THE EMPLOYEE SAVINGS PLAN OF IDAHO POWER COMPANY - IDACORP INCida93015ex103.htm
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida93015ex314.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93015ex312.htm
EX-31.1 - RTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida93015ex311.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93015ex321.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida93015ex951-minesafety.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93015ex323.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93015ex322.htm
10-Q - 10-Q - IDACORP INCida9301510q.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93015ex324.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida93015ex313.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,
 
2015
2014
2013
2012
2011
2010
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
200,400

$
208,903

$
253,001

$
204,138

$
123,351

$
151,347

Adjust for distributed income of equity investees
1,510

(7,228
)
4,659

8,509

(9,018
)
(6,526
)
Fixed charges, as below
69,703

89,751

89,819

87,162

86,249

85,579

Total earnings, as defined
$
271,613

$
291,426

$
347,479

$
299,809

$
200,582

$
230,400

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
68,754

$
88,034

$
88,309

$
85,359

$
84,626

$
84,651

Rental interest factor
949

1,717

1,510

1,803

1,623

928

Total fixed charges, as defined
$
69,703

$
89,751

$
89,819

$
87,162

$
86,249

$
85,579

Ratio of earnings to fixed charges
3.90x

3.25x

3.87x

3.44x

2.33x

2.69x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
200,400

$
208,903

$
253,001

$
204,138

$
123,351

$
151,347

Adjust for distributed income of equity investees
1,510

(7,228
)
4,659

8,509

(9,018
)
(6,526
)
Supplemental fixed charges, as below
69,889

90,095

90,324

87,793

87,035

86,643

Total earnings, as defined
$
271,799

$
291,770

$
347,984

$
300,440

$
201,368

$
231,464

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
68,754

$
88,034

$
88,309

$
85,359

$
84,626

$
84,651

Rental interest factor
949

1,717

1,510

1,803

1,623

928

Supplemental increment to fixed charges (2)
186

344

505

631

786

1,064

Total supplemental fixed charges
$
69,889

$
90,095

$
90,324

$
87,793

$
87,035

$
86,643

Supplemental ratio of earnings to fixed charges
3.89x

3.24x

3.85x

3.42x

2.31x

2.67x

 
 
 
 
 
 
 
(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.


IDACORP INC Reports