Exhibit 12.2 | ||||||||||||||||||||
PUBLIC SERVICE COMPANY OF NEW MEXICO | ||||||||||||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
(In thousands, except ratio) | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Fixed charges, as defined by the Securities and Exchange | ||||||||||||||||||||
Commission: | ||||||||||||||||||||
Interest on long-term debt (including interest capitalized) | $ | 70,575 | $ | 58,003 | $ | 42,272 | $ | 42,487 | $ | 40,462 | ||||||||||
Amortization of debt premium, discount and expenses | 1,336 | 4,345 | 4,618 | 2,871 | 2,856 | |||||||||||||||
Other interest (including interest capitalized) | 2,529 | 14,424 | 15,773 | 6,892 | 3,980 | |||||||||||||||
Interest from discontinued operations (including capitalized interest) | 1,027 | 13,758 | 12,546 | 11,790 | 10,658 | |||||||||||||||
Estimated interest factor of lease rental charges | 4,517 | 4,553 | 4,661 | 4,337 | 4,588 | |||||||||||||||
Total Fixed Charges | $ | 79,984 | $ | 95,083 | $ | 79,870 | $ | 68,377 | $ | 62,544 | ||||||||||
Earnings, as defined by the Securities and Exchange | ||||||||||||||||||||
Commission: | ||||||||||||||||||||
Earnings from continuing operations before income taxes and non-controlling interest | $ | 45,627 | $ | (69,324 | ) | $ | 34,611 | $ | 89,657 | $ | 51,034 | |||||||||
Fixed charges as above | 79,984 | 95,083 | 79,870 | 68,377 | 62,544 | |||||||||||||||
Non-controlling interest in earnings of Valencia | (11,890 | ) | (7,179 | ) | - | - | - | |||||||||||||
Interest capitalized | (6,067 | ) | (7,363 | ) | (10,033 | ) | (5,257 | ) | (3,512 | ) | ||||||||||
Earnings Available for Fixed Charges | $ | 107,654 | $ | 11,217 | * | $ | 104,448 | $ | 152,777 | $ | 110,066 | |||||||||
Ratio of Earnings to Fixed Charges | 1.35 | 0.12 | 1.31 | 2.23 | 1.76 | |||||||||||||||
* The shortfall in the earnings available for fixed charges to achieve a ratio of earnings to fixed charges of 1.00 amounted to $83.9 million for the year December 31, 2008. | ||||||||||||||||||||
- TXNM Dashboard
- Financials
- Filings
- Transcripts
- ETFs
- Insider
- Institutional
- Shorts
- News
-
10-K Filing
TXNM Energy (TXNM) 10-K2009 FY Annual report
Filed: 1 Mar 10, 12:00am