EX-12 7 ex12e.txt
Ex12e Idaho Power Company Consolidated Financial Information Supplemental Ratio of Earnings to Fixed Charges Twelve Months Twelve Months Ended December 31, Ended (Thousands of Dollars) September 30, 1995 1996 1997 1998 1999 2000 Earnings, as defined: Income before income taxes $ 135,333 $ 142,710 $ 138,746 $ 140,984 $ 143,078 $ 206,417 Adjust for distributed income of equity investees (2,058) (1,413) (3,943) (4,697) (837) (2,431) Equity in loss of equity method investments 0 0 0 476 0 0 Minority interest in losses of majority owned subsidiaries 0 0 0 (125) 0 0 Supplemental fixed charges, as below 59,992 60,939 64,317 63,967 65,526 62,464 Total earnings, as defined $ 193,267 $ 202,236 $ 199,120 $ 200,605 $ 207,767 $ 266,450 Fixed charges, as defined: Interest charges $ 56,456 $ 57,348 $ 60,761 $ 60,593 $ 62,014 $ 58,989 Rental interest factor 925 991 982 801 955 932 Total fixed charges 57,381 58,339 61,743 61,394 62,969 59,921 Supplemental increment to fixed charges* 2,611 2,600 2,574 2,573 2,557 2,543 Total supplemental fixed charges $ 59,992 $ 60,939 $ 64,317 $ 63,967 $ 65,526 $ 62,464 Supplemental ratio of earnings to fixed charges 3.22x 3.32 x 3.10x 3.14x 3.17x 4.27x *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.