EX-12.1 4 pacificorp123115ex121.htm PAC COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)

 
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
before income tax expense
 
$
1,023

 
$
1,007

 
$
979

 
$
734

 
$
768

Fixed charges
 
384

 
384

 
385

 
385

 
397

Total earnings available for fixed charges
 
$
1,407

 
$
1,391

 
$
1,364

 
$
1,119

 
$
1,165

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
379

 
$
379

 
$
379

 
$
380

 
$
392

Estimated interest portion of rentals
 
 
 
 
 
 
 
 
 
 
charged to expense
 
5

 
5

 
6

 
5

 
5

Total fixed charges
 
$
384

 
$
384

 
$
385

 
$
385

 
$
397

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.7x

 
3.6x

 
3.5x

 
2.9x

 
 2.9x