Exhibit 12 A
UniSource Energy Corporation
Computation of Ratio of Earnings to Fixed Charges
3 Months Ended | 12 Months Ended | 12 Months Ended(2) | ||||||||||||||||||||
Mar. 31, | Mar. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | ||||||||||||||||
2006 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
- Thousands of Dollars - | ||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest on Long-Term Debt | $ | 18,684 | $ | 75,094 | $ | 76,762 | $ | 80,968 | $ | 80,844 | $ | 65,620 | $ | 68,678 | ||||||||
Other Interest (1) | 1,306 | 3,619 | 3,153 | 1,947 | 3,709 | 2,123 | 1,287 | |||||||||||||||
Interest on Capital Lease Obligations | 18,547 | 77,899 | 79,098 | 85,912 | 84,080 | 87,801 | 90,559 | |||||||||||||||
Total Fixed Charges | 38,537 | 156,612 | 159,013 | 168,827 | 168,633 | 155,544 | 160,524 | |||||||||||||||
Net Income | 16,822 | 66,749 | 46,144 | 45,919 | 113,941 | 34,928 | 63,839 | |||||||||||||||
Less: | ||||||||||||||||||||||
Discontinued Operations - Net of Tax | (2,669 | ) | (6,746 | ) | (5,483 | ) | (5,063 | ) | (7,472 | ) | (12,919 | ) | (9,926 | ) | ||||||||
Accounting Change - Net of Tax | - | (626 | ) | (626 | ) | - | 67,471 | - | 470 | |||||||||||||
Net Income from Continuing Operations | 19,491 | 74,121 | 52,253 | 50,982 | 53,942 | 47,847 | 73,295 | |||||||||||||||
Add (Deduct): | ||||||||||||||||||||||
(Income) Losses from Equity Investees | 5 | (2,680 | ) | (2,113 | ) | (7,121 | ) | 3,051 | 3,047 | 10,748 | ||||||||||||
Income Taxes | 13,806 | 52,041 | 37,623 | 37,186 | 16,531 | 26,432 | 55,616 | |||||||||||||||
Total Fixed Charges | 38,537 | 156,612 | 159,013 | 168,827 | 168,633 | 155,544 | 160,524 | |||||||||||||||
Total Earnings before Taxes | ||||||||||||||||||||||
and Fixed Charges | $ | 71,839 | $ | 280,094 | $ | 246,776 | $ | 249,874 | $ | 242,157 | $ | 232,870 | $ | 300,183 | ||||||||
Ratio of Earnings to Fixed Charges | 1.864 | 1.788 | 1.552 | 1.480 | 1.436 | 1.497 | 1.870 |
(1) Excludes recognition of Allowance for Borrowed Funds Used During Construction.
(2) The information previously reported has been reclassified for the discontinued operations of Global Solar, Inc.