EX-12 2 0002.txt EXHIBIT 12 Ex-12 IDACORP, Inc. Consolidated Financial Information Ratio of Earnings to Fixed Charges
Twelve Months Ended December 31, (Thousands of Dollars) 1996 1997 1998 1999 2000 ---- ---- ---- ---- ---- Earnings, as defined: Income before income taxes...................................... $135,247 $133,570 $133,806 $137,021 $210,701 Adjust for distributed income of equity investees............... (1,413) (3,943) (4,697) (837) (3,116) Equity in loss of equity method investments..................... 0 0 458 435 186 Minority interest in losses of majority owned subs.............. 0 0 (125) (37) (1,468) Fixed charges, as below......................................... 70,418 69,634 69,923 72,243 73,261 --------- --------- --------- --------- --------- Total earnings, as defined.................................. $204,252 $199,261 $199,365 $208,825 $279,564 ========= ========= ========= ========= ========= Fixed charges, as defined: Interest charges................................................ $57,348 $60,761 $60,677 $62,975 $63,339 Preferred stock dividends of subsidiaries-gross up-IDACORP rate. 12,079 7,891 8,445 8,313 8,886 Rental interest factor.......................................... 991 982 801 955 1,036 --------- --------- --------- --------- --------- Total fixed charges, as defined............................. $70,418 $69,634 $69,923 $72,243 $73,261 ========= ========= ========= ========= ========= Ratio of earnings to fixed charges................................ 2.90 x 2.86 x 2.85 x 2.89 x 3.82 x ========= ========= ========= ========= =========