EX-12.2 4 file4.htm PACIFICCORP RATIO OF EARNINGS Table of Contents

EXHIBIT 12.2

PACIFICORP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions)


  Three Months Ended
June 30,
Years Ended March 31,
  2006 2005 2006 2005 2004 2003 2002
Earnings Available for Fixed Charges:  
 
 
 
 
 
 
Income from continuing operations $ 42.6
$ 46.4
$ 360.7
$ 251.7
$ 249.0
$ 142.0
$ 293.4
Add (Deduct):  
 
 
 
 
 
 
Minority interest (0.1
)
0.2
0.4
0.1
Provision for income taxes 23.4
31.9
199.4
168.5
144.5
97.2
176.1
Add:  
 
 
 
 
 
 
Fixed charges 71.4
71.9
289.5
276.1
284.8
325.0
283.6
  94.7
103.8
489.1
445.0
429.3
422.2
459.8
Total earnings available for fixed charges $ 137.3
$ 150.2
$ 849.8
$ 696.7
$ 678.3
$ 564.2
$ 753.2
Fixed Charges:  
 
 
 
 
 
 
Interest expense $ 69.2
$ 69.3
$ 279.9
$ 267.4
$ 256.5
$ 270.3
$ 228.1
Estimated interest portion of rentals charged to expense 2.2
2.6
9.6
8.7
9.8
7.0
10.2
Preferred dividends of wholly owned subsidiaries
18.5
47.7
45.3
Total fixed charges $ 71.4
$ 71.9
$ 289.5
$ 276.1
$ 284.8
$ 325.0
$ 283.6
Ratio of earnings to fixed charges 1.9
x
2.1
x
2.9
x
2.5
x
2.4
x
1.7
x
2.7
x