Ex-12e
Idaho Power Company
Consolidated Financial Information
Supplemental Ratio of Earnings to Fixed Charges
Twelve Months Ended December 31,
(Thousands of Dollars)
1996 1997 1998 1999 2000
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Earnings, as defined:
Income before income taxes.......................... $142,710 $138,746 $140,984 $143,078 $223,056
Adjust for distributed income of equity investees... (1,413) (3,943) (4,697) (837) (3,116)
Equity in loss of equity method investments......... 0 0 476 0 0
Minority interest in losses of majority owned subs.. 0 0 (125) 0 0
Supplemental fixed charges, as below................ 60,939 64,317 63,967 65,526 61,372
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Total earnings, as defined...................... $202,236 $199,120 $200,605 $207,767 $281,312
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Fixed charges, as defined:
Interest charges.................................... $57,348 $60,761 $60,593 $62,014 $57,797
Rental interest factor.............................. 991 982 801 955 1,036
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Total fixed charges............................. 58,339 61,743 61,394 62,969 58,833
Supplemental increment to fixed charges*............ 2,600 2,574 2,573 2,557 2,539
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Total supplemental fixed charges................ $60,939 $64,317 $63,967 $65,526 $61,372
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Supplemental ratio of earnings to fixed charges......... 3.32 x 3.10 x 3.14 x 3.17 x 4.58 x
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* Explanation of increment - Interest on the guaranty of American Falls
Reservoir District bonds and Milner Dam Inc. notes which are already
included in operation expenses