EX-12.1 10 pacificorp123116ex121.htm PAC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)

 
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
before income tax expense
 
$
1,103

 
$
1,023

 
$
1,007

 
$
979

 
$
734

Fixed charges
 
385

 
384

 
384

 
385

 
385

Total earnings available for fixed charges
 
$
1,488

 
$
1,407

 
$
1,391

 
$
1,364

 
$
1,119

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
380

 
$
379

 
$
379

 
$
379

 
$
380

Estimated interest portion of rentals
 
 
 
 
 
 
 
 
 
 
charged to expense
 
5

 
5

 
5

 
6

 
5

Total fixed charges
 
$
385

 
$
384

 
$
384

 
$
385

 
$
385

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.9x

 
3.7x

 
3.6x

 
3.5x

 
 2.9x