EXHIBIT 12.2
PACIFICORP
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratios)
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| Six Months |
| Nine-Months |
| Years Ended March 31, |
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| 2007 |
| 2006 |
| 2006 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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Earnings Available for Fixed Charges: |
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Income from continuing operations |
| $ | 204 |
| $ | 190 |
| $ | 161 |
| $ | 361 |
| $ | 252 |
| $ | 249 |
| $ | 142 |
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Add (Deduct): |
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Provision for income taxes |
|
| 86 |
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| 93 |
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| 86 |
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| 199 |
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| 169 |
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| 144 |
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| 97 |
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Add: |
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Fixed charges |
|
| 157 |
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| 143 |
|
| 221 |
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| 290 |
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| 276 |
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| 285 |
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| 325 |
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| 243 |
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| 236 |
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| 307 |
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| 489 |
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| 445 |
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| 429 |
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| 422 |
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Total earnings available for fixed charges |
| $ | 447 |
| $ | 426 |
| $ | 468 |
| $ | 850 |
| $ | 697 |
| $ | 678 |
| $ | 564 |
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Fixed Charges: |
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Interest expense |
| $ | 154 |
| $ | 138 |
| $ | 215 |
| $ | 280 |
| $ | 267 |
| $ | 256 |
| $ | 270 |
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Estimated interest portion of rentals charged to expense |
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| 3 |
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| 5 |
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| 6 |
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| 10 |
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| 9 |
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| 10 |
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| 7 |
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Preferred dividends of wholly owned subsidiaries |
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| — |
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| — |
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| — |
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| — |
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| — |
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| 19 |
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| 48 |
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Total fixed charges |
| $ | 157 |
| $ | 143 |
| $ | 221 |
| $ | 290 |
| $ | 276 |
| $ | 285 |
| $ | 325 |
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Ratio of earnings to fixed charges |
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| 2.8x |
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| 3.0x |
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| 2.1x |
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| 2.9x |
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| 2.5x |
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| 2.4x |
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| 1.7x |
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