EX-12.A 38 0038.txt SIERRA'S, STATEMENT REGARDING COMPUTATION OF RATIOS SIERRA PACIFIC RESOURCES RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12(A)
Year Ended December 31, -------------------------------------------------------------------- Amount in 000's 2000 1999 1998 1997 1996 EARNINGS AS DEFINED: (Loss) Income From Continuing Operations After Interest Charges $ (27,001) $ 67,152 $ 94,686 $ 90,472 $ 78,868 Income Taxes (28,936) 26,570 45,471 45,225 42,884 -------------------------------------------------------------------- (Loss) Income From Continuing Operations before Income Taxes (55,937) 93,722 140,157 135,697 121,752 Fixed Charges 210,368 133,515 81,238 63,139 52,227 Capitalized Interest (10,634) (8,000) (6,080) (2,579) (890) Preference Security Dividend Requirements of Consolidated Subsidiaries (24,297) (20,127) (11,013) (7,256) - -------------------------------------------------------------------- Total $ 119,500 $199,110 $204,302 $189,001 $173,089 ==================================================================== FIXED CHARGES AS DEFINED: Interest Expensed and Capitalized(1) $186,071 $113,388 $ 70,225 $ 55,883 $ 52,227 Preference Security Dividend Requirements of Consolidated Subsidiaries 24,297 20,127 11,013 7,256 - -------------------------------------------------------------------- Total $210,368 $133,515 $ 81,238 $ 63,139 $ 52,227 ==================================================================== RATIO OF EARNINGS TO FIXED CHARGES 0.57 1.49 2.51 2.99 3.31 DEFICIENCY $ 90,868 $ - $ - $ - $ -
(1) Included amortization of premiums, discounts and capitalized debt expenses and interest components of rent expense.