Attached files
| file | filename |
|---|---|
| EX-10.50 - EMPLOYMENT AGREEMENT - EL PASO ELECTRIC CO /TX/ | eeex_10502015123110k.htm |
| EX-32.01 - SECTION 906 CERTIFICATIONS - EL PASO ELECTRIC CO /TX/ | eeex_32012015123110k.htm |
| EX-31.01 - SECTION 302 CERTIFICATIONS - EL PASO ELECTRIC CO /TX/ | eeex_31012015123110k.htm |
| EX-23.01 - CONSENT OF KPMG LLP - EL PASO ELECTRIC CO /TX/ | eeex_23012015123110k.htm |
| 10-K - FORM 10-K - EL PASO ELECTRIC CO /TX/ | a201510-k.htm |
| EX-24.02 - CERTIFIED COPY - EL PASO ELECTRIC CO /TX/ | eeex_24022015123110k.htm |
EXHIBIT 12.01
El Paso Electric Company | |||||||||||||||||||
Computation of Ratios of Earnings to Fixed Charges | |||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings from Continuing | |||||||||||||||||||
Operations (a) | $ | 116,813 | $ | 132,516 | $ | 132,238 | $ | 137,825 | $ | 157,247 | |||||||||
Fixed Charges (b) | |||||||||||||||||||
Interest charges | 67,164 | 60,278 | 59,066 | 55,822 | 55,104 | ||||||||||||||
Interest portion of rent expense | 857 | 829 | 823 | 939 | 908 | ||||||||||||||
Total Fixed Charges | 68,021 | 61,107 | 59,889 | 56,761 | 56,012 | ||||||||||||||
Capitalized Interest | (22,544 | ) | (28,122 | ) | (21,362 | ) | (20,312 | ) | (18,186 | ) | |||||||||
Earnings (c) | $ | 162,290 | $ | 165,501 | $ | 170,765 | $ | 174,274 | $ | 195,073 | |||||||||
Ratio of Earnings to Fixed Charges | 2.4 | 2.7 | 2.9 | 3.1 | 3.5 | ||||||||||||||
_______________________
(a) Earnings from continuing operations consist of income from continuing operations before income taxes, extraordinary item and cumulative effects of accounting changes.
(b) Fixed charges consist of all interest on indebtedness, amortization of debt discount and expense and the estimated portion of rental expense that represents an interest factor.
(c) Earnings consist of earnings from continuing operations and fixed charges less AFUDC and capitalized interest.