EXHIBIT 12.2

NEVADA POWER COMPANY

RATIOS OF EARNINGS TO FIXED CHARGES

(Dollars in Thousands)

	Six Months Ended June 30, 2008						Year Ended December 31,
	2009			2008			2008			2007			2006			2005			2004
EARNINGS AS DEFINED:
Income (Loss) From Continuing Operations
After Interest Charges	$	(22,650	)	$	41,146		$	151,431		$	165,694		$	224,540		$	132,734		$	104,312
Income Taxes		(10,969	)		22,519			71,382			78,352			117,510			63,995			56,572
Income (Loss) From Continuing Operations
Before Income Taxes		(33,619	)		63,665			222,813			244,046			342,050			196,729			160,884
Fixed Charges		124,937			95,440			210,067			190,836			190,333			159,776			145,055
Capitalized Interest (allowance for borrowed funds used during construction)		(10,668	)		(11,375	)		(20,063	)		(13,196	)		(11,614	)		(23,187	)		(5,738	)
Total	$	80,650		$	147,730		$	412,817		$	421,686		$	520,769		$	333,318		$	300,201
FIXED CHARGES AS DEFINED:
Interest Expensed and Capitalized (1)	$	124,937		$	95,440		$	210,067		$	190,836		$	190,333		$	159,776		$	145,055
Preference Security Dividend Requirements
Total	$	124,937		$	95,440		$	210,067		$	190,836		$	190,333		$	159,776		$	145,055
RATIO OF EARNINGS TO FIXED CHARGES		-			1.55			1.97			2.21			2.74			2.09			2.07
DEFICIENCY	$	44,287		$	-		$	-		$	-		$	-		$	-		$	-

(1) Includes amortization of premiums, discounts, and capitalized debt expense and interest component of rent expense.

For the purpose of calculating the ratios of earnings to fixed charges, “Fixed charges” represent the aggregate of interest charges on short-term and long-term debt (whether expensed or capitalized) and the portion of rental expense deemed attributable to interest.  “Earnings” represents pre-tax income (or loss) from continuing operations plus fixed charges (excluding capitalized interest).