EX-12.5 7 0007.txt EXHIBIT 12E Ex-12e Idaho Power Company Consolidated Financial Information Supplemental 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.......................... $142,710 $138,746 $140,984 $143,078 $223,056 Adjust for distributed income of equity investees... (1,413) (3,943) (4,697) (837) (3,116) Equity in loss of equity method investments......... 0 0 476 0 0 Minority interest in losses of majority owned subs.. 0 0 (125) 0 0 Supplemental fixed charges, as below................ 60,939 64,317 63,967 65,526 61,372 --------- --------- --------- --------- --------- Total earnings, as defined...................... $202,236 $199,120 $200,605 $207,767 $281,312 ========= ========= ========= ========= ========= Fixed charges, as defined: Interest charges.................................... $57,348 $60,761 $60,593 $62,014 $57,797 Rental interest factor.............................. 991 982 801 955 1,036 --------- --------- --------- --------- --------- Total fixed charges............................. 58,339 61,743 61,394 62,969 58,833 Supplemental increment to fixed charges*............ 2,600 2,574 2,573 2,557 2,539 --------- --------- --------- --------- --------- Total supplemental fixed charges................ $60,939 $64,317 $63,967 $65,526 $61,372 ========= ========= ========= ========= ========= Supplemental ratio of earnings to fixed charges......... 3.32 x 3.10 x 3.14 x 3.17 x 4.58 x ========= ========= ========= ========= =========
* 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