Exhibit 12.1
Nevada 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 | $ | 4,582 | $ | (3,296 | ) | $ | 224,540 | $ | 132,734 | $ | 104,312 | $ | 19,277 | $ | (235,070 | ) | ||||||||||||
Income Taxes | 2,366 | (1,686 | ) | 117,510 | 63,995 | 56,572 | (614 | ) | (131,784 | ) | ||||||||||||||||||
Income (Loss) From Continuing Operations before Income Taxes | 6,948 | (4,982 | ) | 342,050 | 196,729 | 160,884 | 18,663 | (366,854 | ) | |||||||||||||||||||
Fixed Charges | 47,140 | 47,081 | 190,333 | 159,776 | 145,055 | 195,342 | 137,968 | |||||||||||||||||||||
Capitalized Interest- (allowance for borrowed funds used during construction) | (2,550 | ) | (5,372 | ) | (11,614 | ) | (23,187 | ) | (5,738 | ) | (2,700 | ) | (3,412 | ) | ||||||||||||||
Total | $ | 51,538 | $ | 36,727 | $ | 520,769 | $ | 333,318 | $ | 300,201 | $ | 211,305 | $ | (232,298 | ) | |||||||||||||
FIXED CHARGES AS DEFINED: | ||||||||||||||||||||||||||||
Interest Expensed and Capitalized (1) | $ | 47,140 | $ | 47,081 | $ | 190,333 | $ | 159,776 | $ | 145,055 | $ | 195,342 | $ | 137,968 | ||||||||||||||
Total | $ | 47,140 | $ | 47,081 | $ | 190,333 | $ | 159,776 | $ | 145,055 | $ | 195,342 | $ | 137,968 | ||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 1.09 | — | 2.74 | 2.09 | 2.07 | 1.08 | — | |||||||||||||||||||||
DEFICIENCY | $ | — | $ | 10,354 | $ | — | $ | — | $ | — | $ | — | $ | 370,266 |
(1) | Includes amortization of premiums, discounts, and capitalized debt expense and interest component of rent expense. |