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Ex12g
Idaho Power Company
Consolidated Financial Information
Supplemental Ratio of Earnings to Combined Fixed Charges and Preferred Dividends Requirements
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
Supplemental fixed charges and
preferred dividends, as below 59,992 60,939 64,317 63,967 65,526 62,464
Total earnings, as defined $ 193,267 $ 202,236 $ 199,120 $ 200,605 $ 207,767 $ 266,450
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 57,381 58,339 61,743 61,394 62,969 59,921
Supplemental increment to fixed
charges* 2,611 2,600 2,574 2,573 2,557 2,543
Supplemental fixed charges 59,992 60,939 64,317 63,967 65,526 62,464
Preferred stock dividends-gross
up Idaho Power rate 12,392 12,146 7,803 8,275 8,133 8,627
Total combined supplemental
fixed charges and preferred
dividends $ 72,384 $ 73,085 $ 72,120 $ 72,242 $ 73,659 $ 71,091
Supplemental ratio of earnings to
combined fixed charges and
preferred dividends 2.67x 2.77x 2.76x 2.78x 2.82x 3.75x
*Explanation of increment - Interest on the guaranty of American Falls
Reservoir District bonds and Milner Dam, Inc. notes which are
already included in operation expenses.
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