EXHIBIT 12.1
PACIFICORP
STATEMENTS OF COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
|
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | Three-Month | | | | | | | | | | Nine-Month |
| | | Period Ended | | Years Ended December 31, | | Period Ended |
| | | March 31, 2011 | | 2010 | | 2009 | | 2008 | | 2007 | | December 31, 2006 |
| Earnings Available for Fixed Charges: | | | | | | | | | | | | |
| Income from continuing operations | | | | | | | | | | | | |
| before income tax expense | | $ | 189 | | | $ | 777 | | | $ | 784 | | | $ | 703 | | | $ | 665 | | | $ | 253 | |
| Add: | | | | | | | | | | | | |
| Fixed charges | | 98 | | | 392 | | | 398 | | | 349 | | | 322 | | | 221 | |
| Deduct: | | | | | | | | | | | | |
| Net income attributable to noncontrolling | | | | | | | | | | | | |
| interest in subsidiary that has not | | | | | | | | | | | | |
| incurred fixed charges | | — | | | — | | | (8 | ) | | (7 | ) | | (6 | ) | | (6 | ) |
| Total earnings available for fixed charges | | $ | 287 | | | $ | 1,169 | | | $ | 1,174 | | | $ | 1,045 | | | $ | 981 | | | $ | 468 | |
| | | | | | | | | | | | | |
| Fixed Charges: | | | | | | | | | | | | |
| Interest expense | | $ | 96 | | | $ | 387 | | | $ | 394 | | | $ | 343 | | | $ | 314 | | | $ | 215 | |
| Estimated interest portion of rentals | | | | | | | | | | | | |
| charged to expense | | 2 | | | 5 | | | 4 | | | 6 | | | 8 | | | 6 | |
| Total fixed charges | | $ | 98 | | | $ | 392 | | | $ | 398 | | | $ | 349 | | | $ | 322 | | | $ | 221 | |
| | | | | | | | | | | | | |
| Ratio of Earnings to Fixed Charges | | 2.9 x | | | 3.0 x | | | 2.9 x | | | 3.0 x | | | 3.0 x | | | 2.1 x | |
