EX-12.7 9 0009.txt EXHIBIT 12G Ex-12g Idaho Power Company Consolidated Financial Information Supplemental 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 Supplemental fixed charges and preferred dividends, 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 --------- --------- --------- --------- --------- Supplemental fixed charges..................................................... 60,939 64,317 63,967 65,526 61,372 Preferred stock dividends-gross up-Idaho Power rate............................ 12,146 7,803 8,275 8,133 9,564 --------- --------- --------- --------- --------- Total combined supplemental fixed charges and preferred dividends.......... $73,085 $72,120 $72,242 $73,659 $70,936 ========= ========= ========= ========= ========= Supplemental ratio of earnings to combined fixed charges and preferred dividends. 2.77 x 2.76 x 2.78 x 2.82 x 3.97 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