|
|
Years Ended December 31,
|
||||||||||||||
2009
|
2010
|
2011 | 2012 | 2013 | ||||||||||||
EARNINGS
|
||||||||||||||||
Income Before Income Taxes and Equity Earnings
|
$
|
140,035 |
$
|
208,484
|
$ |
219,283
|
$ | 245,862 | $ | 220,957 | ||||||
Fixed Charges (as below) | 109,146 |
132,106
|
134,285
|
147,817 | 144,844 | |||||||||||
Total Earnings
|
$
|
249,181 | $ |
340,590
|
$ |
353,568
|
$ | 393,679 | $ | 365,801 | ||||||
FIXED CHARGES
|
||||||||||||||||
Interest Expense
|
$ | 70,500 | $ |
86,538
|
$ |
81,781
|
$ | 88,318 | $ | 130,282 | ||||||
Credit for Allowance for Borrowed Funds
Used During Construction
|
29,546 |
33,668
|
40,904
|
48,499 | 4,262 | |||||||||||
Estimated Interest Element in Lease Rentals | 9,100 |
11,900
|
11,600
|
11,000 | 10,300 | |||||||||||
Total Fixed Charges
|
$
|
109,146 | $ |
132,106
|
$ |
134,285
|
$ | 147,817 | $ | 144,844 | ||||||
Ratio of Earnings to Fixed Charges
|
2.28 |
2.57
|
2.63
|
2.66 | 2.52 |