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8-K - PACIFICORP 1.5.16 FORM 8-K - PACIFICORP /OR/ | pacificorp1516form8-k.htm |
EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
Nine-Month | ||||||||||||||||||||||||
Period Ended | Years Ended December 31, | |||||||||||||||||||||||
September 30, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Earnings Available for Fixed Charges: | ||||||||||||||||||||||||
Income from continuing operations | ||||||||||||||||||||||||
before income tax expense | $ | 797 | $ | 1,007 | $ | 979 | $ | 734 | $ | 768 | $ | 777 | ||||||||||||
Fixed charges | 287 | 384 | 385 | 385 | 397 | 392 | ||||||||||||||||||
Total earnings available for fixed charges | $ | 1,084 | $ | 1,391 | $ | 1,364 | $ | 1,119 | $ | 1,165 | $ | 1,169 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 283 | $ | 379 | $ | 379 | $ | 380 | $ | 392 | $ | 387 | ||||||||||||
Estimated interest portion of rentals | ||||||||||||||||||||||||
charged to expense | 4 | 5 | 6 | 5 | 5 | 5 | ||||||||||||||||||
Total fixed charges | $ | 287 | $ | 384 | $ | 385 | $ | 385 | $ | 397 | $ | 392 | ||||||||||||
Ratio of Earnings to Fixed Charges | 3.8x | 3.6x | 3.5x | 2.9x | 2.9x | 3.0x |