Exhibit 12A
UniSource Energy Corporation
Computation of Ratio of Earnings to Fixed Charges
9 Months Ended | 12 Months Ended | 12 Months Ended(2) | ||||||||||||||||||||||||||
Sept. 30 | Sept. 30 | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | ||||||||||||||||||||||
2007 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||||||
- Thousands of Dollars - | ||||||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest on Long-Term Debt | $ | 54,733 | $ | 73,024 | $ | 75,039 | $ | 76,762 | $ | 80,968 | $ | 80,844 | $ | 65,620 | ||||||||||||||
Other Interest (1) | 4,767 | 5,812 | 7,922 | 3,153 | 1,947 | 3,709 | 2,123 | |||||||||||||||||||||
Interest on Capital Lease Obligations | 48,390 | 65,929 | 72,586 | 79,098 | 85,912 | 84,080 | 87,801 | |||||||||||||||||||||
Total Fixed Charges | 107,890 | 144,765 | 155,547 | 159,013 | 168,827 | 168,633 | 155,544 | |||||||||||||||||||||
Net Income | 42,167 | 54,590 | 67,447 | 46,144 | 45,919 | 113,941 | 34,928 | |||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||
Discontinued Operations - Net of Tax | - | 873 | (1,796 | ) | (5,483 | ) | (5,063 | ) | (7,472 | ) | (12,919 | ) | ||||||||||||||||
Accounting Change - Net of Tax | - | - | - | (626 | ) | - | 67,471 | - | ||||||||||||||||||||
Net Income from Continuing Operations | 42,167 | 53,717 | 69,243 | 52,253 | 50,982 | 53,942 | 47,847 | |||||||||||||||||||||
Add (Deduct): | ||||||||||||||||||||||||||||
(Income) Losses from Equity Investees | 197 | 195 | (210 | ) | (2,113 | ) | (7,121 | ) | 3,051 | 3,047 | ||||||||||||||||||
Income Taxes | 27,678 | 33,088 | 43,936 | 37,623 | 37,186 | 16,531 | 26,432 | |||||||||||||||||||||
Total Fixed Charges | 107,890 | 144,765 | 155,547 | 159,013 | 168,827 | 168,633 | 155,544 | |||||||||||||||||||||
Total Earnings before Taxes and Fixed Charges | $ | 177,932 | $ | 231,765 | $ | 268,516 | $ | 246,776 | $ | 249,874 | $ | 242,157 | $ | 232,870 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 1.649 | 1.601 | 1.726 | 1.552 | 1.480 | 1.436 | 1.497 | |||||||||||||||||||||
(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. |