Berkshire Hathaway Energy S-4 Registration of securities issued in business combination transactions

Table of Contents

EXHIBIT 12.1

MIDAMERICAN ENERGY HOLDINGS COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions)

			Six Months Ended June 30,												Years Ended December 31,
			2006						2005						2005						2004						2003						2002						2001
Earnings Available for Fixed Charges:
Income from continuing operations				$	402.0					$	249.1					$	557.5					$	537.8					$	442.7					$	397.4					$	153.0
Add (Deduct):
Equity income					(9.7	)					(18.1	)					(53.3	)					(16.9	)					(38.2	)					(40.5	)					(39.6	)
Minority interest					10.1						3.2						9.3						6.4						6.4						6.2						2.6
Provision for income taxes					212.9						131.6						244.7						265.0						270.3						111.3						254.2
Add:
Fixed charges					548.0						472.7						926.4						949.9						974.7						827.4						653.0
Distributed income of equity investees					11.7						9.2						34.4						36.9						78.4						29.1						11.1
Deduct:
Interest capitalized – continuing operations					(14.9	)					(8.2	)					(16.7	)					(20.0	)					(30.5	)					(23.4	)					(67.0	)
Interest capitalized – discontinued operations					—						—						—						—						—						(14.1	)					(19.5	)
					758.1						590.4						1,144.8						1,221.3						1,261.1						896.0						794.8
Total earnings available for fixed charges				$	1,160.1					$	839.5					$	1,702.3					$	1,759.1					$	1,703.8					$	1,293.4					$	947.8
Fixed Charges:
Interest expense – continuing operations				$	529.8					$	455.7					$	891.0					$	903.2					$	761.0					$	632.1					$	479.5
Interest expense – discontinued operations					—						—						—						12.7						10.8						15.3						19.8
Estimated interest portion of rental payments					12.5						11.8						25.8						23.7						21.9						20.0						10.0
Preferred dividends of subsidiaries – tax deductible					—						—						—						—						170.2						147.7						80.1
Preferred dividends of subsidiaries – nondeductible					5.7						5.2						9.6						10.3						10.8						12.3						63.6
Total fixed charges				$	548.0					$	472.7					$	926.4					$	949.9					$	974.7					$	827.4					$	653.0
Ratio of earnings to fixed charges					2.1	x					1.8	x					1.8	x					1.9	x					1.7	x					1.6	x					1.5	x