Attached files
file | filename |
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EX-32.3 - EXHIBIT 32.3 - PNM RESOURCES INC | pnm3312018ex323.htm |
EX-32.2 - EXHIBIT 32.2 - PNM RESOURCES INC | pnm3312018ex322.htm |
EX-32.1 - EXHIBIT 32.1 - PNM RESOURCES INC | pnm3312018ex321.htm |
EX-31.6 - EXHIBIT 31.6 - PNM RESOURCES INC | pnm3312018ex316.htm |
EX-31.5 - EXHIBIT 31.5 - PNM RESOURCES INC | pnm3312018ex315.htm |
EX-31.4 - EXHIBIT 31.4 - PNM RESOURCES INC | pnm3312018ex314.htm |
EX-31.3 - EXHIBIT 31.3 - PNM RESOURCES INC | pnm3312018ex313.htm |
EX-31.2 - EXHIBIT 31.2 - PNM RESOURCES INC | pnm3312018ex312.htm |
EX-31.1 - EXHIBIT 31.1 - PNM RESOURCES INC | pnm3312018ex311.htm |
EX-12.2 - EXHIBIT 12.2 - PNM RESOURCES INC | pnm3312018ex122.htm |
EX-12.1 - EXHIBIT 12.1 - PNM RESOURCES INC | pnm3312018ex121.htm |
EX-10.3 - EXHIBIT 10.3 - PNM RESOURCES INC | pnm3312018ex103.htm |
EX-10.2 - EXHIBIT 10.2 - PNM RESOURCES INC | pnm3312018ex102.htm |
EX-10.1 - EXHIBIT 10.1 - PNM RESOURCES INC | pnm3312018ex101.htm |
10-Q - PNM 3.31.2018 10-Q - PNM RESOURCES INC | pnm331201810-q.htm |
Exhibit 12.3 | |||||||||||||||||||||||||
TEXAS-NEW MEXICO POWER COMPANY | |||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||
(In thousands, except ratio) | |||||||||||||||||||||||||
Three Months Ended | Year Ended December 31, | ||||||||||||||||||||||||
March 31, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||
Fixed charges, as defined by the Securities and Exchange Commission: | |||||||||||||||||||||||||
Interest expensed and capitalized | $ | 7,448 | $ | 28,739 | $ | 27,698 | $ | 25,875 | $ | 24,941 | $ | 24,481 | |||||||||||||
Amortization of debt premium, discount and expenses | 318 | 1,048 | 1,039 | 1,100 | 1,195 | 1,159 | |||||||||||||||||||
Estimated interest factor of lease rental charges | 313 | 1,190 | 1,249 | 1,229 | 1,311 | 1,241 | |||||||||||||||||||
Total Fixed Charges | $ | 8,079 | $ | 30,977 | $ | 29,986 | $ | 28,204 | $ | 27,447 | $ | 26,881 | |||||||||||||
Earnings, as defined by the Securities and Exchange Commission: | |||||||||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 11,888 | $ | 67,071 | $ | 65,508 | $ | 66,088 | $ | 60,330 | $ | 46,711 | |||||||||||||
Fixed charges as above | 8,079 | 30,977 | 29,986 | 28,204 | 27,447 | 26,881 | |||||||||||||||||||
Interest capitalized | (361 | ) | (1,189 | ) | (877 | ) | (593 | ) | (609 | ) | (361 | ) | |||||||||||||
Earnings Available for Fixed Charges | $ | 19,606 | $ | 96,859 | $ | 94,617 | $ | 93,699 | $ | 87,168 | $ | 73,231 | |||||||||||||
Ratio of Earnings to Fixed Charges | 2.43 | 3.13 | 3.16 | 3.32 | 3.18 | 2.72 | |||||||||||||||||||