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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10.1 Exhibit 10.1
- 10.2 Exhibit 10.2
- 10.3 Exhibit 10.3
- 10.4 Exhibit 10.4
- 10.5 Exhibit 10.5
- 10.6 Exhibit 10.6
- 10.7 Exhibit 10.7
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 12.3 Exhibit 12.3
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 31.3 Exhibit 31.3
- 31.4 Exhibit 31.4
- 31.5 Exhibit 31.5
- 31.6 Exhibit 31.6
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
- 32.3 Exhibit 32.3
Related press release
TXNM similar filings
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Exhibit 12.3 | ||||||||||||||||||||||||
TEXAS-NEW MEXICO POWER COMPANY | ||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||
(In thousands, except ratio) | ||||||||||||||||||||||||
Nine Months Ended | Year Ended December 31, | |||||||||||||||||||||||
September 30, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Fixed charges, as defined by the Securities and Exchange Commission: | ||||||||||||||||||||||||
Interest expensed and capitalized | $ | 19,345 | $ | 24,941 | $ | 24,481 | $ | 26,233 | $ | 27,914 | $ | 28,632 | ||||||||||||
Amortization of debt premium, discount and expenses | 814 | 1,195 | 1,159 | 1,493 | 1,679 | 2,683 | ||||||||||||||||||
Estimated interest factor of lease rental charges | 920 | 1,311 | 1,241 | 956 | 1,202 | 1,246 | ||||||||||||||||||
Total Fixed Charges | $ | 21,079 | $ | 27,447 | $ | 26,881 | $ | 28,682 | $ | 30,795 | $ | 32,561 | ||||||||||||
Earnings, as defined by the Securities and Exchange Commission: | ||||||||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 52,448 | $ | 60,330 | $ | 46,711 | $ | 42,099 | $ | 36,138 | $ | 26,026 | ||||||||||||
Fixed charges as above | 21,079 | 27,447 | 26,881 | 28,682 | 30,795 | 32,561 | ||||||||||||||||||
Interest capitalized | (497 | ) | (609 | ) | (361 | ) | (706 | ) | (593 | ) | (158 | ) | ||||||||||||
Earnings Available for Fixed Charges | $ | 73,030 | $ | 87,168 | $ | 73,231 | $ | 70,075 | $ | 66,340 | $ | 58,429 | ||||||||||||
Ratio of Earnings to Fixed Charges | 3.46 | 3.18 | 2.72 | 2.44 | 2.15 | 1 | 1.79 | |||||||||||||||||
1 Earnings from continuing operations before income taxes for the year ended December 31, 2011 includes a pre-tax loss of $3.9 million due to the write-off of regulatory disallowances. If that loss were excluded, the Ratio of Earnings to Fixed Charges would have been 2.28. | ||||||||||||||||||||||||