Tucson Electric Power 10K 2014 Annual report | SEC Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: AA, abide, absolute, accommodate, affirmatively, ALLETE, answer, arisen, Army, ASC, attend, attract, attracting, attraction, avoid, aware, banker, baseline, BB, behavior, birthday, borne, Boulevard, Bright, bring, bringing, broadly, Broadway, burdened, calibrate, Casa, certainty, CFO, charity, choice, circumstance, classification, clawback, cliff, COBRA, column, compliant, concentrated, concentration, confidential, confidentiality, contemporary, conviction, COO, Cook, Cooperative, cut, DCP, declaratory, defeasance, defease, demonstrably, demonstrate, demonstrated, dental, desert, DG, diminution, disaffirmed, disagree, discourage, dishonesty, dismantled, dispersed, disproportionately, dissolved, divest, double, dry, DSI, EAF, earliest, east, EEI, effort, element, embezzlement, employed, Ernst, essential, evolving, exceptionally, excessive, exclusion, exclusive, excused, expertise, explained, EY, felony, fifteen, force, foregoing, formula, Fort, fraud, Frederic, front, function, goodwill, Grande, Great, greatest, guilty, headed, Healthy, heavier, highlight, hire, Hudson, idle, immoral, imprudently, inappropriate, incumbent, indirect, instance, insufficient, intellectual, interpolation, introduced, involuntary, IRP, JD, job, John, Jojoba, Laurito, leader, length, lesser, linkage, literacy, LTI, LTIP, lump, magnitude, mandated, map, maximize, Maximizing, median, misappropriation, misconduct, misdemeanor, monetarily, mortality, motivate, motivating, motivation, MUFG, multiplied, narrative, nearest, neighboring, NEPA, newly, NL, NV, OSHA, OSM, outdated, overseeing, overtime, package, parachute, paragraph, Park, partly, payout, PEP, Perry, personnel, plea, Portland, ppb, preserved, prevailing, priority, question, quotation, reconfigure, recruiting, referencing, refrain, refuse, refused, reinforce, reinforcing, relinquishing, remanding, repeated, repeating, repudiated, resignation, rest, retention, retrospectively, reward, role, rounded, routinely, rural, SAIDI, Samchully, scale, scorecard, Shell, shift, shifting, skill, speaking, split, Springdale, standing, standpoint, Street, subscription, subsidy, substitute, Subtitle, successfully, survived, survivor, switchyard, tailored, talent, talented, tally, tandem, taper, Tech, tenure, thought, tie, Topic, training, trial, TRICO, turn, underway, unhedged, unintended, unnecessary, unpopulated, unreduced, unusually, venue, view, viewed, violence, vision, voiding, Walker, wealth, WEG, wheel, wheeling, willfully, Young, Zone

Removed: AAA, accessible, accuracy, accurately, acid, Administration, advisory, agreeing, airport, al, Albuquerque, amounted, appeal, appealing, Augusta, authoritative, averaged, awarded, Barbara, Baumann, beneficially, Bickle, Black, British, build, building, burned, California, certified, Chairman, circuit, Clear, Clopay, club, collecting, College, Commissioner, compete, competition, computed, consisted, contemplated, contingently, converted, convertible, Cotrustee, covenant, Creek, Cruz, CTC, Daniel, Dean, declare, declared, decoupling, dedicate, defendant, deferral, detection, diluted, dilutive, disclaim, dismissing, dispute, dividing, division, Dodge, drafted, economy, enabled, endanger, EPS, ESP, exercisable, Expanding, extended, Extensible, external, extraction, falling, farm, favor, felt, Fessler, Flagstaff, flexibility, fluctuate, forfeited, formatted, Fox, Greene, Griffon, Haddington, healthcare, heating, Holland, home, hospital, hydroelectric, identify, import, improperly, incurrence, informational, initially, injunction, Insider, intent, intersegment, introduction, invalidated, invest, issuable, judge, Kingman, Knight, kW, Lamb, Language, Larry, law, leasehold, LeBoeuf, MacRae, main, Mainline, maintained, Managing, Marc, menu, methane, millennium, mined, Missile, mmbtu, Mohave, Mountain, numerator, obtaining, occurring, open, partial, pattern, paying, pertain, PGA, Phoenix, pipeline, piping, plastic, pledge, positive, PPA, predictable, preference, procedural, procedure, Professor, proxy, prudent, Putnam, Quantum, Raytheon, recommendation, reconsideration, recycled, reexamination, refunded, region, regulating, reimburse, remained, removed, reportable, representation, reused, revolver, rolling, ruled, Santa, saved, Science, seasonally, select, show, SM, southern, Spitzer, Sponsoring, Stabilization, stay, steel, storage, strive, Stryker, sulfuric, supplementary, surcredit, suspended, Swift, switch, symbol, Television, testing, therm, thermal, ticker, TMC, top, transport, Treadway, understanding, undistributed, unearned, WAPA, warehouse, welfare, WellPoint, West, worked, XBRL, Xcel, Yavapai



	12 Months Ended
		December 31,		December 31,		December 31,		December 31,		December 31,
		2014		2013		2012		2011		2010
	Thousands of Dollars
Net Income		$	102,338	$	101,342	$	65,470	$	85,334	$	108,260
Add:
Income Tax Expense		57,911		47,986		39,109		52,000		59,936
Interest Expense, net⁽¹⁾		68,555		80,793		91,295		93,786		93,465
Estimated Interest Portion of Rental Expense ⁽²⁾		1,691		842		611		795		72
Total Earnings before Taxes and Fixed Charges		$	230,495	$	230,963	$	196,485	$	231,915	$	261,733
Fixed Charges:
Interest Expense (before deducting capitalized interest)⁽³⁾		$	88,340	$	85,591	$	93,077	$	95,859	$	95,345
Estimated Interest Portion of Rental Expense		1,691		842		611		795		72
Total Fixed Charges		$	90,031	$	86,433	$	93,688	$	96,654	$	95,417
Ratio of Earnings to Fixed Charges		2.560		2.672		2.097		2.399		2.743


⁽¹⁾	Interest on uncertain tax positions is included in Interest Expense.


⁽²⁾	The Estimated Interest Portion of Rental Expense is calculated by using our estimated incremental borrowing rate times the present value of projected operating lease payments.

Tucson Electric Power 10-K2014 FY Annual report

Content analysis