Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PUGET ENERGY INC /WA | pe-2017331x10q.htm |
| EX-32.2 - CHIEF FINANCIAL OFFICER CERTIFICATION - PUGET ENERGY INC /WA | pe-ex322_2017331xq1.htm |
| EX-32.1 - CHIEF EXECUTIVE OFFICER CERTIFICATION - PUGET ENERGY INC /WA | pe-ex321_2017331xq1.htm |
| EX-31.4 - PSE CHIEF FINANCIAL OFFICER CERTIFICATION - PUGET ENERGY INC /WA | pe-ex314_2017331xq1.htm |
| EX-31.3 - PSE CHIEF EXECUTIVE OFFICER CERTIFICATION - PUGET ENERGY INC /WA | pe-ex313_2017331xq1.htm |
| EX-31.2 - PUGET ENERGY CHIEF FINANCIAL OFFICER CERTIFICATION - PUGET ENERGY INC /WA | pe-ex312_2017331xq1.htm |
| EX-31.1 - PUGET ENERGY CHIEF EXECUTIVE OFFICER CERTIFICATION - PUGET ENERGY INC /WA | pe-ex311_2017331xq1.htm |
| EX-12.2 - PSE RATIO OF EARNINGS TO FIXED CHARGES - PUGET ENERGY INC /WA | pe-ex122_2017331xq1.htm |
Exhibit 12.1 | ||||||||||||||||||
PUGET ENERGY | ||||||||||||||||||
STATEMENT SETTING FORTH COMPUTATIONS OF RATIOS OF | ||||||||||||||||||
EARNINGS TO FIXED CHARGES | ||||||||||||||||||
(Dollars in Thousands) | ||||||||||||||||||
12 Months | ||||||||||||||||||
Ended | Years Ended | |||||||||||||||||
March 31, | December 31, | |||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||
Earnings Available For Fixed Charges: | ||||||||||||||||||
Pre-tax income: | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 441,045 | $ | 453,103 | $ | 332,954 | $ | 228,820 | $ | 408,136 | $ | 378,546 | ||||||
AFUDC - equity | (12,183 | ) | (12,576 | ) | (9,325 | ) | (7,002 | ) | (15,930 | ) | (25,469 | ) | ||||||
AFUDC - debt | (9,121 | ) | (9,304 | ) | (7,575 | ) | (5,611 | ) | (11,261 | ) | (22,216 | ) | ||||||
Total | $ | 419,741 | $ | 431,223 | $ | 316,054 | $ | 216,207 | $ | 380,945 | $ | 330,861 | ||||||
Fixed charges: | ||||||||||||||||||
Interest expense | $ | 354,908 | $ | 355,139 | $ | 356,696 | $ | 367,308 | $ | 392,264 | $ | 392,216 | ||||||
Other interest | 12,183 | 12,576 | 9,325 | 7,002 | 15,930 | 25,469 | ||||||||||||
Portion of rentals representative of the interest factor (a) | 8,248 | 8,061 | 8,980 | 10,732 | 10,257 | 10,251 | ||||||||||||
Total | $ | 375,339 | $ | 375,776 | $ | 375,001 | $ | 385,042 | $ | 418,451 | $ | 427,936 | ||||||
Earnings available for combined fixed charges | $ | 795,080 | $ | 806,999 | $ | 691,055 | $ | 601,249 | $ | 799,396 | $ | 758,797 | ||||||
Ratio of Earnings to Fixed Charges | 2.12x | 2.15x | 1.84x | 1.56x | 1.91x | 1.77x | ||||||||||||
(a) Represents interest portion of rents estimated at 33 1/3 percent.