EX-12.1 5 file5.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES file5.htm


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

   
Nine-Month
         
Nine-Month
       
   
Period Ended
   
Years Ended December 31,
   
Period Ended
   
Year Ended
 
   
September 30, 2010
   
2009
   
2008
   
2007
   
December 31, 2006
   
March 31, 2006
 
                                     
Earnings Available for Fixed Charges:
                                   
Income from continuing operations before income tax expense
  $ 609     $ 784     $ 703     $ 665     $ 253     $ 570  
Add:
                                               
Fixed charges
    294       398       349       322       221       290  
Deduct:
                                               
Net income attributable to noncontrolling interest in subsidiary that has not incurred fixed charges
    -       (8 )     (7 )     (6 )     (6 )     (10 )
Total earnings available for fixed charges
  $ 903     $ 1,174     $ 1,045     $ 981     $ 468     $ 850  
                                                 
Fixed Charges:
                                               
Interest expense
  $ 291     $ 394     $ 343     $ 314     $ 215     $ 280  
Estimated interest portion of rentals charged to expense
    3       4       6       8       6       10  
Total fixed charges
  $ 294     $ 398     $ 349     $ 322     $ 221     $ 290  
                                                 
Ratio of Earnings to Fixed Charges
    3.1 x     2.9 x     3.0 x     3.0 x     2.1 x     2.9 x