EX-12.6 8 0008.txt EXHIBIT 12F Ex-12f Idaho Power Company Consolidated Financial Information Ratio of Earnings to Combined Fixed Charges and Preferred Dividends Requirements
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 Fixed charges, as below........................................... 58,339 61,743 61,394 62,969 58,833 --------- --------- --------- --------- --------- Total earnings, as defined.................................... $199,636 $196,546 $198,032 $205,210 $278,773 ========= ========= ========= ========= ========= 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 Preferred stock dividends-gross up-Idaho Power rate............... 12,146 7,803 8,275 8,133 9,564 --------- --------- --------- --------- --------- Total combined fixed charges and preferred dividends.......... $70,485 $69,546 $69,669 $71,102 $68,397 ========= ========= ========= ========= ========= Ratio of earnings to combined fixed charges and preferred dividends... 2.83 x 2.83.x 2.84 x 2.89 x 4.08 x ========= ========= ========= ========= =========