EX-12.2 7 0007.txt IPC - RATIO OF EARNINGS TO COMBINED FIXED CHARGES INTERSTATE POWER COMPANY RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS
Nine Months Ended Twelve Months Ended December 31, September 30, ---------------------------------------------------------- ------------------------ 1995 1996 1997 1998 1999 1999 2000 ---------------------------------------------------------- ------------------------ (Dollars in thousands) Net income $27,656 $28,323 $29,167 $18,757 $30,846 $25,331 $21,768 Income taxes 19,453 18,133 17,685 11,093 19,906 16,094 15,910 ---------------------------------------------------------- ------------------------ Net income before income taxes 47,109 46,456 46,852 29,850 50,752 41,425 37,678 ---------------------------------------------------------- ------------------------ Interest expense 17,136 16,472 15,610 14,826 15,121 11,202 11,996 Estimated interest component of rent expense 371 431 538 415 644 480 532 ---------------------------------------------------------- ------------------------ Fixed charges as defined 17,507 16,903 16,148 15,241 15,765 11,682 12,528 Preferred dividend requirements (pre-tax basis) 4,187 4,040 3,966 3,939 4,084 3,042 3,230 ---------------------------------------------------------- ------------------------ Fixed charges and preferred dividend requirements 21,694 20,943 20,114 19,180 19,849 14,724 15,758 ---------------------------------------------------------- ------------------------ Earnings as defined $64,616 $63,359 $63,000 $45,091 $66,517 $53,107 $50,206 ========================================================== ======================== Ratio of Earnings to Combined Fixed Charges and Preferred Dividend Requirements (Unaudited) 2.98 3.03 3.13 2.35 3.35 3.61 3.19 ========================================================== ========================