| Twelve | Nine | |||||||||||||||||||||
| Months | Months | |||||||||||||||||||||
| Years Ended December 31, | Ended | Ended | ||||||||||||||||||||
|
2008
|
2009 | 2010 | 2011 | 2012 | 9/30/2013 | 9/30/2013 | ||||||||||||||||
|
EARNINGS
|
||||||||||||||||||||||
|
Income Before Income Taxes
|
$
|
190,133 | $ | 297,347 | $ | 189,517 | $ | 201,434 | $ | 157,801 | $ | 214,954 | $ | 211,193 | ||||||||
|
Fixed Charges (as below)
|
164,660 | 173,293 | 174,965 | 168,003 | 168,656 | 168,702 | 126,077 | |||||||||||||||
|
Total Earnings
|
$ | 354,793 | $ | 470,640 | $ | 364,482 | $ | 369,437 | $ | 326,457 | $ | 383,656 | 337,270 | |||||||||
|
FIXED CHARGES
|
||||||||||||||||||||||
|
Interest Expense
|
$ | 89,851 | $ | 101,145 | $ | 104,465 | $ | 97,665 | $ | 102,739 | 98,585 | 72,579 | ||||||||||
|
Credit for Allowance for Borrowed Funds Used
During Construction
|
4,609 | 8,348 | 8,500 | 7,838 | 4,717 | 8,917 | 7,598 | |||||||||||||||
| Estimated Interest Element in Lease Rentals | 70,200 | 63,800 | 62,000 | 62,500 | 61,200 | 61,200 | 45,900 | |||||||||||||||
|
Total Fixed Charges
|
$ | 164,660 | $ | 173,293 | $ | 174,965 | $ | 168,003 | $ | 168,656 | 168,702 | 126,077 | ||||||||||
|
Ratio of Earnings to Fixed Charges
|
2.15 | 2.71 | 2.08 | 2.19 | 1.93 | 2.27 | 2.67 | |||||||||||||||