PNM RESOURCES INC - FORM 10-Q - EX-12.3 - EXHIBIT 12.3 - July 28, 2017

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EX-31.1 - EXHIBIT 31.1 - PNM RESOURCES INCpnm6302017ex311.htm
EX-10.1 - EXHIBIT 10.1 - PNM RESOURCES INCpnm6302017ex101.htm
EX-31.2 - EXHIBIT 31.2 - PNM RESOURCES INCpnm6302017ex312.htm
EX-12.2 - EXHIBIT 12.2 - PNM RESOURCES INCpnm6302017ex122.htm
EX-32.3 - EXHIBIT 32.3 - PNM RESOURCES INCpnm6302017ex323.htm
EX-32.2 - EXHIBIT 32.2 - PNM RESOURCES INCpnm6302017ex322.htm
EX-32.1 - EXHIBIT 32.1 - PNM RESOURCES INCpnm6302017ex321.htm
EX-31.6 - EXHIBIT 31.6 - PNM RESOURCES INCpnm6302017ex316.htm
EX-31.5 - EXHIBIT 31.5 - PNM RESOURCES INCpnm6302017ex315.htm
EX-31.4 - EXHIBIT 31.4 - PNM RESOURCES INCpnm6302017ex314.htm
EX-31.3 - EXHIBIT 31.3 - PNM RESOURCES INCpnm6302017ex313.htm
EX-12.1 - EXHIBIT 12.1 - PNM RESOURCES INCpnm6302017ex121.htm
10-Q - 10-Q - PNM RESOURCES INCpnm630201710-q.htm


Exhibit 12.3
 
 
TEXAS-NEW MEXICO POWER COMPANY
 
Ratio of Earnings to Fixed Charges
 
(In thousands, except ratio)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
Year Ended December 31,
 
 
 
June 30, 2017
 
2016
 
2015
 
2014
 
2013
 
2012
 
Fixed charges, as defined by the Securities and Exchange Commission:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
 
$
14,044

 
$
27,698

 
$
25,875

 
$
24,941

 
$
24,481

 
$
26,233

 
Amortization of debt premium, discount and expenses
 
613

 
1,039

 
1,100

 
1,195

 
1,159

 
1,493

 
Estimated interest factor of lease rental charges
 
605

 
1,249

 
1,229

 
1,311

 
1,241

 
956

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Fixed Charges
 
$
15,262

 
$
29,986

 
$
28,204

 
$
27,447

 
$
26,881

 
$
28,682

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined by the Securities and Exchange Commission:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
 
$
30,501

 
$
65,508

 
$
66,088

 
$
60,330

 
$
46,711

 
$
42,099

 
Fixed charges as above
 
15,262

 
29,986

 
28,204

 
27,447

 
26,881

 
28,682

 
Interest capitalized
 
(392
)
 
(877
)
 
(593
)
 
(609
)
 
(361
)
 
(706
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Available for Fixed Charges
 
$
45,371

 
$
94,617

 
$
93,699

 
$
87,168

 
$
73,231

 
$
70,075

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
2.97

 
3.16

 
3.32

 
3.18

 
2.72

 
2.44

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



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