EX-12.1 4 pacificorp123114ex121.htm STATEMENTS OF COMPUTATION OF RATIO PacifiCorp 12.31.14 EX 12.1


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

 
 
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings Available for Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
before income tax expense
 
$
1,007

 
$
979

 
$
734

 
$
768

 
$
777

Fixed charges
 
384

 
385

 
385

 
397

 
392

Total earnings available for fixed charges
 
$
1,391

 
$
1,364

 
$
1,119

 
$
1,165

 
$
1,169

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
379

 
$
379

 
$
380

 
$
392

 
$
387

Estimated interest portion of rentals
 
 
 
 
 
 
 
 
 
 
charged to expense
 
5

 
6

 
5

 
5

 
5

Total fixed charges
 
$
384

 
$
385

 
$
385

 
$
397

 
$
392

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.6x

 
3.5x

 
2.9x

 
2.9x

 
 3.0x