EX-12.A 3 exh12a.htm EXHIBIT 12(A) exh12a.htm
Exhibit 12a
 
 
 
UniSource Energy Corporation
Computation of Ratio of Earnings to Fixed Charges
               
               
               
 
6 Months Ended
12 Months Ended
12 Months Ended(2)
 
 
Jun. 30,
Jun. 30,
Dec. 31,
Dec. 31,
Dec. 31,
Dec. 31,
Dec. 31,
 
2008
2008
2007
2006
2005
2004
2003
       
 - Thousands of Dollars -
 
Fixed Charges:
             
               
  Interest on Long-Term Debt
 $            35,420
 $            72,250
 $            73,095
 $  75,039
 $  76,762
 $  80,968
 $  80,844
  Other Interest (1)
1,723
3,793
5,480
7,922
3,153
1,947
3,709
  Interest on Capital Lease Obligations
28,667
60,888
64,499
72,586
79,098
85,912
84,080
Total Fixed Charges
 $            65,810
 $          136,931
 $          143,074
 $155,547
 $159,013
 $168,827
 $168,633
               
Net Income
2,132
43,757
58,373
67,447
46,144
45,919
113,941
               
Less:
             
   Discontinued Operations - Net of Tax
                       -
                       -
                       -
      (1,796)
      (5,483)
      (5,063)
      (7,472)
   Accounting Change - Net of Tax
                       -
                       -
                       -
             -
         (626)
             -
67,471
Net Income/(Loss) from Continuing Operations
2,132
43,757
58,373
69,243
52,253
50,982
53,942
               
Add (Deduct):
             
  (Income) Losses from Equity Investees (2)
                 1,535
                 1,701
340
(210)
(2,113)
(7,121)
3,051
  Income Taxes
2,913
30,044
39,079
43,936
37,623
37,186
16,531
  Total Fixed Charges
65,810
136,931
143,074
155,547
159,013
168,827
168,633
               
Total Earnings before Taxes
             
and Fixed Charges
 $            72,390
 $          212,433
 $          240,866
 $268,516
 $246,776
 $249,874
 $242,157
               
               
Ratio of Earnings to Fixed Charges
1.100
1.551
1.684
1.726
1.552
1.480
1.436
               
               
(1)  Excludes recognition of Allowance for Borrowed Funds Used During Construction.
         
               
(2)  The information previously reported has been reclassified for the discontinued operations of Global Solar, Inc.