Avista (AVA) 10-Q 2013 Q3 Quarterly report

Exhibit 12

AVISTA CORPORATION

Computation of Ratio of Earnings to Fixed Charges

Consolidated

(Thousands of Dollars)

	Nine months ended			Years Ended December 31
	September 30, 2013			2012			2011			2010			2009			2008
Fixed charges, as defined:
Interest charges	$	56,630		$	73,633		$	69,591		$	72,010		$	61,361		$	74,914
Amortization of debt expense and premium - net	2,841			3,803			4,617			4,414			5,673			4,673
Interest portion of rentals	1,945			2,717			2,154			2,027			1,874			1,601
Total fixed charges	$	61,416		$	80,153		$	76,362		$	78,451		$	68,908		$	81,188
Earnings, as defined:
Pre-tax income from continuing operations	$	126,869		$	120,061		$	160,171		$	146,105		$	134,971		$	120,382
Add (deduct):
Capitalized interest	(2,702		)	(2,401		)	(2,942		)	(298		)	(545		)	(4,612		)
Total fixed charges above	61,416			80,153			76,362			78,451			68,908			81,188
Total earnings	$	185,583		$	197,813		$	233,591		$	224,258		$	203,334		$	196,958
Ratio of earnings to fixed charges	3.02			2.47			3.06			2.86			2.95			2.43