Exhibit 12.2
Sierra Pacific Power Company
Three Months Ended March 31, | Year ended December 31, | |||||||||||||||||||||||||||
2007 | 2006 | 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||||||
Amounts in 000’s | ||||||||||||||||||||||||||||
EARNINGS AS DEFINED: | ||||||||||||||||||||||||||||
Income (Loss) From Continuing Operations After Interest Charges | $ | 21,968 | $ | 13,272 | $ | 57,709 | $ | 52,074 | $ | 18,577 | $ | (23,275 | ) | $ | (13,968 | ) | ||||||||||||
Income Taxes | 9,571 | 7,672 | $ | 27,829 | 28,379 | 325 | (12,237 | ) | (4,491 | ) | ||||||||||||||||||
Income (Loss) From Continuing Operations before Income Taxes | 31,539 | 20,944 | 85,538 | 80,453 | 18,902 | (35,512 | ) | (18,459 | ) | |||||||||||||||||||
Fixed Charges | 18,486 | 19,627 | 79,093 | 72,652 | 67,685 | 101,514 | 79,303 | |||||||||||||||||||||
Capitalized Interest-(allowance for borrowed funds used during construction) | (2,784 | ) | (630 | ) | $ | (5,505 | ) | (1,504 | ) | (2,849 | ) | (3,276 | ) | (1,858 | ) | |||||||||||||
Total | $ | 47,241 | $ | 39,941 | $ | 159,126 | $ | 151,601 | $ | 83,738 | $ | 62,726 | $ | 58,986 | ||||||||||||||
FIXED CHARGES AS DEFINED: | ||||||||||||||||||||||||||||
Interest Expensed and Capitalized (1) | $ | 18,486 | $ | 19,627 | $ | 79,093 | $ | 72,652 | $ | 67,685 | $ | 101,514 | $ | 79,303 | ||||||||||||||
Total | $ | 18,486 | 19,627 | 79,093 | 72,652 | $ | 67,685 | $ | 101,514 | $ | 79,303 | |||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.56 | 2.04 | 2.01 | 2.09 | 1.24 | — | — | |||||||||||||||||||||
DEFICIENCY | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 38,788 | $ | 20,317 |
(1) | Includes amortization of premiums, discounts, and capitalized debt expense and interest component of rent expense. |