Tucson Electric Power 10-K2007 FY Annual report

Filed: 29 Feb 08, 12:00am

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Exhibit 12b

Tucson Electric Power Company

Computation of Ratio of Earnings to Fixed Charges

	12 Months Ended
	Dec. 31,		Dec. 31,			Dec. 31,			Dec. 31,			Dec. 31,			Dec. 31,
	2007		2006			2005			2004			2003			2002
	- Thousands of Dollars -
Fixed Charges:
Interest on Long-Term Debt	$	50,230	$	51,422		$	56,243		$	69,904		$	76,585		$	65,620
Other Interest (1)		4,538		6,436			2,597			1,263			1,820			273
Interest on Capital Lease Obligations		64,477		72,556			79,064			85,869			84,053			87,783
Total Fixed Charges		119,245		130,414			137,904			157,036			162,458			153,676

Net Income		53,456		66,745			48,267			46,127			128,913			55,390

Less:
Extraordinary Income & Accounting Change -
Net of Tax		-		-			(626	)		-			67,471			-
Net Income from Continuing Operations		53,456		66,745			48,893			46,127			61,442			55,390

Add (Deduct):
(Income) Losses from Equity Investees (2)		-		(320	)		(314	)		(131	)		(76	)		17
Income Taxes		35,542		42,478			33,907			34,815			21,090			36,434
Total Fixed Charges		119,245		130,414			137,904			157,036			162,458			153,676

Total Earnings before Taxes
and Fixed Charges	$	208,243	$	239,317		$	220,390		$	237,847		$	244,914		$	245,517


Ratio of Earnings to Fixed Charges		1.746		1.835			1.598			1.515			1.508			1.598

(1) Excludes recognition of Allowance for Borrowed Funds Used During Construction.

(2) True Pricing, Inc. and Inncom International, Inc. (income) losses.