Exhibit 12.1
| Three Months Ended March 31, | Year Ended December 31, | |||||||||||||||||||||||||||
| 2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
| Amounts in 000’s | ||||||||||||||||||||||||||||
EARNINGS AS DEFINED: | ||||||||||||||||||||||||||||
Income (Loss) From Continuing Operations After Interest Charges | ($3,296 | ) | ($8,033 | ) | $ | 132,734 | $ | 104,312 | $ | 19,277 | ($ | 235,070 | ) | $ | 63,405 | |||||||||||||
Income Taxes | (1,686 | ) | (3,692 | ) | 63,995 | 56,572 | (614 | ) | (131,784 | ) | 32,737 | |||||||||||||||||
Income (Loss) From Continuing Operations before Income Taxes | (4,982 | ) | (11,725 | ) | 196,729 | 160,884 | 18,663 | (366,854 | ) | 96,142 | ||||||||||||||||||
Fixed Charges | 47,081 | 46,352 | 159,776 | 145,055 | 195,342 | 137,968 | 112,343 | |||||||||||||||||||||
Capitalized Interest | (5,372 | ) | (4,313 | ) | (23,187 | ) | (5,738 | ) | (2,700 | ) | (3,412 | ) | (2,141 | ) | ||||||||||||||
Total | $ | 36,727 | $ | 30,314 | $ | 333,318 | $ | 300,201 | $ | 211,305 | $ | (232,298 | ) | $ | 206,344 | |||||||||||||
FIXED CHARGES AS DEFINED: | ||||||||||||||||||||||||||||
Interest Expensed and Capitalized(1) | $ | 47,081 | $ | 46,352 | $ | 159,776 | $ | 145,055 | $ | 195,342 | $ | 137,968 | $ | 112,343 | ||||||||||||||
Total | $ | 47,081 | $ | 46,352 | $ | 159,776 | $ | 145,055 | $ | 195,342 | $ | 137,968 | $ | 112,343 | ||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.09 | 2.07 | 1.08 | 1.84 | ||||||||||||||||||||||||
DEFICIENCY | $ | 10,354 | $ | 16,038 | $ | — | $ | — | $ | — | $ | 370,266 | $ | — | ||||||||||||||
| (1) | Includes amortization of premiums, discounts, and capitalized debt expense and interest component of rent expense. |