IDACORP INC - FORM 10-Q - EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF EARNINGS TO FIXED CHARGES - October 27, 2016

Attached files

file filename
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C - IDACORP INCida93016ex312.htm
10-Q - 10-Q - IDACORP INCida9301610q.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida93016ex951-minesafety1.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93016ex324.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93016ex323.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93016ex322.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93016ex321.htm
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida93016ex314.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida93016ex313.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida93016ex311.htm
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93016ex152.htm
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93016ex151.htm
EX-12.1 - IDACORP, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES - IDACORP INCida93016ex121.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,
 
2016
2015
2014
2013
2012
2011
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
191,467

$
239,211

$
208,903

$
253,001

$
204,138

$
123,351

Adjust for distributed income of equity investees
4,736

1,060

(7,228
)
4,659

8,509

(9,018
)
Fixed charges, as below
70,283

93,164

89,751

89,819

87,162

86,249

Total earnings, as defined
$
266,486

$
333,435

$
291,426

$
347,479

$
299,809

$
200,582

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
69,056

$
91,762

$
88,034

$
88,309

$
85,359

$
84,626

Rental interest factor
1,227

1,402

1,717

1,510

1,803

1,623

Total fixed charges, as defined
$
70,283

$
93,164

$
89,751

$
89,819

$
87,162

$
86,249

Ratio of earnings to fixed charges
3.79x

3.58x

3.25x

3.87x

3.44x

2.33x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
191,467

$
239,211

$
208,903

$
253,001

$
204,138

$
123,351

Adjust for distributed income of equity investees
4,736

1,060

(7,228
)
4,659

8,509

(9,018
)
Supplemental fixed charges, as below
70,438

93,406

90,095

90,324

87,793

87,035

Total earnings, as defined
$
266,641

$
333,677

$
291,770

$
347,984

$
300,440

$
201,368

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
69,056

$
91,762

$
88,034

$
88,309

$
85,359

$
84,626

Rental interest factor
1,227

1,402

1,717

1,510

1,803

1,623

Supplemental increment to fixed charges (2)
155

242

344

505

631

786

Total supplemental fixed charges
$
70,438

$
93,406

$
90,095

$
90,324

$
87,793

$
87,035

Supplemental ratio of earnings to fixed charges
3.79x

3.57x

3.24x

3.85x

3.42x

2.31x

 
 
 
 
 
 
 
(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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