EX-12.2 4 pacificorp123110ex122.htm STATEMENTS OF COMPUTATION OF RATIO WebFilings | EDGAR view
 

EXHIBIT 12.2
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN MILLIONS)
 
 
 
 
 
 
 
 
 
 
 
Nine-Month
 
 
Years Ended December 31,
 
Period Ended
 
 
2010
 
2009
 
2008
 
2007
 
December  31, 2006
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
before income tax expense
 
$
777
 
 
$
784
 
 
$
703
 
 
$
665
 
 
$
253
 
Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
392
 
 
398
 
 
349
 
 
322
 
 
221
 
Deduct:
 
 
 
 
 
 
 
 
 
 
Net income attributable to noncontrolling
 
 
 
 
 
 
 
 
 
 
interest in subsidiary that has not
 
 
 
 
 
 
 
 
 
 
incurred fixed charges
 
—
 
 
(8
)
 
(7
)
 
(6
)
 
(6
)
Total earnings available for fixed charges
 
$
1,169
 
 
$
1,174
 
 
$
1,045
 
 
$
981
 
 
$
468
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges and Preferred Stock
 
 
 
 
 
 
 
 
 
 
Dividends:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
387
 
 
$
394
 
 
$
343
 
 
$
314
 
 
$
215
 
Estimated interest portion of rentals
 
 
 
 
 
 
 
 
 
 
charged to expense
 
5
 
 
4
 
 
6
 
 
8
 
 
6
 
Total fixed charges
 
392
 
 
398
 
 
349
 
 
322
 
 
221
 
Preferred stock dividends
 
3
 
 
3
 
 
3
 
 
3
 
 
2
 
Total fixed charges and preferred stock
 
 
 
 
 
 
 
 
 
 
dividends
 
$
395
 
 
$
401
 
 
$
352
 
 
$
325
 
 
$
223
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Combined Fixed
 
 
 
 
 
 
 
 
 
 
Charges and Preferred Stock Dividends
 
 3.0 x
 
 
 2.9 x
 
 
 3.0 x
 
 
 3.0 x
 
 
 2.1 x