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Ex12d
Idaho Power Company
Consolidated Financial Information
Ratio of Earnings to Fixed Charges
Twelve Months
Twelve Months Ended December 31, Ended
(Thousands of Dollars) September 30,
1995 1996 1997 1998 1999 2000
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Earnings, as defined:
Income before income taxes $ 135,333 $ 142,710 $ 138,746 $ 140,984 $ 143,078 $ 206,417
Adjust for distributed income of
equity investees (2,058) (1,413) (3,943) (4,697) (837) (2,431)
Equity in loss of equity method
investments 0 0 0 476 0 0
Minority interest in losses of
majority owned subsidiaries 0 0 0 (125) 0 0
Fixed charges, as below 57,381 58,339 61,743 61,394 62,969 59,921
Total earnings, as defined $ 190,656 $ 199,636 $ 196,546 $ 198,032 $ 205,210 $ 263,907
Fixed charges, as defined:
Interest charges $ 56,456 $ 57,348 $ 60,761 $ 60,593 $ 62,014 $ 58,989
Rental interest factor 925 991 982 801 955 932
Total fixed charges, as
defined $ 57,381 $ 58,339 $ 61,743 $ 61,394 $ 62,969 $ 59,921
Ratio of earnings to fixed charges 3.32x 3.42x 3.18x 3.23x 3.26x 4.40x
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