IDACORP INC - FORM 10-Q - EX-12.2 - IDAHO POWER COMPANY COMPUTATION OF EARNINGS TO FIXED CHARGES - November 2, 2017

Attached files

file filename
10-Q - 10-Q - IDACORP INCida9301710q.htm
EX-95.1 - MINE SAFETY DISCLOSURES - IDACORP INCida93017ex951-minesafety.htm
EX-32.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93017ex324.htm
EX-32.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S. - IDACORP INCida93017ex323.htm
EX-32.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93017ex322.htm
EX-32.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. - IDACORP INCida93017ex321.htm
EX-31.4 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - IDACORP INCida93017ex314.htm
EX-31.3 - CERTIFICATION OF IDAHO POWER COMPANY CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION - IDACORP INCida93017ex313.htm
EX-31.2 - CERTIFICATION OF IDACORP, INC. CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C - IDACORP INCida93017ex312.htm
EX-31.1 - CERTIFICATION OF IDACORP, INC. CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - IDACORP INCida93017ex311.htm
EX-15.2 - IDAHO POWER LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93017ex152.htm
EX-15.1 - IDACORP, INC. LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - IDACORP INCida93017ex151.htm
EX-12.1 - IDACORP, INC. COMPUTATION OF EARNINGS TO FIXED CHARGES - IDACORP INCida93017ex121.htm
EX-10.1 - SECOND AMENDMENT TO THE IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN, EXECUTED OCTO - IDACORP INCida93017ex101.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,
 
2017
2016
2015
2014
2013
2012
RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
215,545

$
226,427

$
239,211

$
208,903

$
253,001

$
204,138

Adjust for distributed income of equity investees
12,432

12,861

1,060

(7,228
)
4,659

8,509

Fixed charges, as below
70,501

93,615

93,164

89,751

89,819

87,162

Total earnings, as defined
$
298,478

$
332,903

$
333,435

$
291,426

$
347,479

$
299,809

 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Interest charges (1)
$
69,146

$
92,006

$
91,762

$
88,034

$
88,309

$
85,359

Rental interest factor
1,355

1,609

1,402

1,717

1,510

1,803

Total fixed charges, as defined
$
70,501

$
93,615

$
93,164

$
89,751

$
89,819

$
87,162

Ratio of earnings to fixed charges
4.23x

3.56x

3.58x

3.25x

3.87x

3.44x

 
 
 
 
 
 
 
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings, as defined:
 
 
 
 
 
 
Income from continuing operations before income taxes
$
215,545

$
226,427

$
239,211

$
208,903

$
253,001

$
204,138

Adjust for distributed income of equity investees
12,432

12,861

1,060

(7,228
)
4,659

8,509

Supplemental fixed charges, as below
70,654

93,833

93,406

90,095

90,324

87,793

Total earnings, as defined
$
298,631

$
333,121

$
333,677

$
291,770

$
347,984

$
300,440

 
 
 
 
 
 
 
Supplemental fixed charges:
 
 
 
 
 
 
Interest charges (1)
$
69,146

$
92,006

$
91,762

$
88,034

$
88,309

$
85,359

Rental interest factor
1,355

1,609

1,402

1,717

1,510

1,803

Supplemental increment to fixed charges (2)
153

218

242

344

505

631

Total supplemental fixed charges
$
70,654

$
93,833

$
93,406

$
90,095

$
90,324

$
87,793

Supplemental ratio of earnings to fixed charges
4.23x

3.55x

3.57x

3.24x

3.85x

3.42x

 
 
 
 
 
 
 
(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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