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Exhibit 12a STATEMENT SETTING FORTH
COMPUTATIONS OF RATIOS OF |
12 Months Ending June 30, |
Year Ended December 31, | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2000 | 1999 | 1998 | 1997 | 1996 | 1995 | ||||||||
EARNINGS AVAILABLE FOR | |||||||||||||
FIXED CHARGES | |||||||||||||
Pre-tax income: | |||||||||||||
Income from continuing | |||||||||||||
operations per statement | |||||||||||||
of income | $ 190,308 | $ 185,567 | $ 169,612 | $ 125,698 | $ 167,351 | $ 128,382 | |||||||
Federal income taxes | 112,564 | 109,164 | 105,814 | 44,916 | 106,876 | 91,519 | |||||||
Federal income taxes charged | |||||||||||||
to other income - net | 2,592 | 2,909 | 3,986 | 14,807 | (784 | ) | (11,967 | ) | |||||
Capitalized interest | (2,283 | ) | (3,692 | ) | (1,782 | ) | (360 | ) | (600 | ) | (660 | ) | |
Undistributed (earnings) or | |||||||||||||
losses of less-than- | |||||||||||||
fifty-percent-owned | |||||||||||||
entities | | | | (608 | ) | 460 | 8,325 | ||||||
Total | $ 303,181 | $ 293,948 | $ 277,630 | $ 184,453 | $ 273,303 | $ 215,599 | |||||||
Fixed charges: | |||||||||||||
Interest expense | $ 173,811 | $ 160,966 | $ 146,248 | $ 123,543 | $ 122,635 | $ 131,346 | |||||||
Other interest | 2,283 | 3,692 | 1,782 | 360 | 600 | 660 | |||||||
Portion of rentals | |||||||||||||
representative of the | |||||||||||||
interest factor | 4,827 | 4,575 | 2,878 | 3,143 | 4,187 | 5,150 | |||||||
Total | $ 180,921 | $ 169,233 | $ 150,908 | $ 127,046 | $ 127,422 | $ 137,156 | |||||||
Earnings available for | |||||||||||||
combined fixed charges | $ 484,102 | $ 463,181 | $ 428,538 | $ 311,499 | $ 400,725 | $ 352,755 | |||||||
RATIO OF EARNINGS TO | |||||||||||||
FIXED CHARGES | 2.68x | 2.74x | 2.84x | 2.45x | 3.14x | 2.57x |
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