PacifiCorp (PPWLO) S-3ASR Automatic shelf registration

EXHIBIT 12.1

PACIFICORP

STATEMENTS OF COMPUTATION OF RATIO

OF EARNINGS TO FIXED CHARGES

(IN MILLIONS OF DOLLARS)

	Nine-Month			Nine-Month
	Period Ended			Period Ended			Years Ended March 31,
	September 30, 2007			December 31, 2006			2006			2005			2004			2003
Fixed Charges, as defined*
Interest expense	$	230		$	215		$	280		$	267		$	256		$	270
Estimated interest portion of rentals charged to expense		5			6			10			9			10			7
Preferred dividends of wholly owned subsidiaries		-			-			-			-			19			48
Total fixed charges	$	235		$	221		$	290		$	276		$	285		$	325
Earnings, as defined*
Income (loss) from continuing operations	$	339		$	161		$	361		$	252		$	249		$	142
Add (deduct):
Provision for income taxes		164			86			199			169			144			97
Minority interest		-			-			-			-			-			-
Undistributed loss (income) of less than 50% owned affiliates		-			-			-			-			-			-
Fixed charges as above		235			221			290			276			285			325
Total earnings	$	738		$	468		$	850		$	697		$	678		$	564
Ratio of earnings to fixed charges		3.1	x		2.1	x		2.9	x		2.5	x		2.4	x		1.7	x

* Fixed charges represent consolidated interest charges, an estimated amount representing the interest factor in rents and preferred dividends of wholly-owned subsidiaries. Excluded from the fixed charges is interest on income tax contingencies that is included in income tax expense on the consolidated statements of income.Preferred stock dividends represent preferred dividend requirements multiplied by the ratio which pre-tax income from continuing operations bears to income from continuing operations. Earnings represent the aggregate of (a) income from continuing operations, (b) taxes based on income from continuing operations, (c) minority interest in the income of majority owned subsidiaries that have fixed charges, (d) fixed charges and (e) undistributed income of less than 50% owned affiliates without loan guarantees.