Attached files
| file | filename |
|---|---|
| EX-23.1 - EXHIBIT 23.1 - PORTLAND GENERAL ELECTRIC CO /OR/ | ex23110k2015.htm |
| EX-31.1 - EXHIBIT 31.1 - PORTLAND GENERAL ELECTRIC CO /OR/ | ex31110k2015.htm |
| EX-31.2 - EXHIBIT 31.2 - PORTLAND GENERAL ELECTRIC CO /OR/ | ex31210k2015.htm |
| EX-32.1 - EXHIBIT 32.1 - PORTLAND GENERAL ELECTRIC CO /OR/ | ex32110k2015.htm |
| 10-K - 10-K - PORTLAND GENERAL ELECTRIC CO /OR/ | por201510k.htm |
EXHIBIT 12.1
PORTLAND GENERAL ELECTRIC COMPANY | |||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Income from continuing operations before income taxes | $ | 216,818 | $ | 236,679 | $ | 125,758 | $ | 205,406 | $ | 204,714 | |||||||||
Total fixed charges | 135,956 | 128,515 | 118,189 | 122,851 | 126,766 | ||||||||||||||
Total earnings | $ | 352,774 | $ | 365,194 | $ | 243,947 | $ | 328,257 | $ | 331,480 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 113,861 | $ | 96,068 | $ | 100,818 | $ | 107,992 | $ | 110,413 | |||||||||
Capitalized interest | 12,520 | 22,441 | 6,892 | 3,699 | 3,059 | ||||||||||||||
Interest on certain long-term power contracts | 5,140 | 5,137 | 5,996 | 6,643 | 8,764 | ||||||||||||||
Estimated interest factor in rental expense | 4,435 | 4,869 | 4,483 | 4,517 | 4,530 | ||||||||||||||
Total fixed charges | $ | 135,956 | $ | 128,515 | $ | 118,189 | $ | 122,851 | $ | 126,766 | |||||||||
Ratio of earnings to fixed charges | 2.59 | 2.84 | 2.06 | 2.67 | 2.61 | ||||||||||||||