Exhibit (12)(B) to the Sierra Pacific Resources 1999 Form 10-K
NEVADA POWER COMPANY
CALCULATION OF PRE-TAX INTEREST COVERAGES
(dollars in thousands)
1999 1998 1997
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Total Income Before
Interest Charges $ 131,930 $ 151,619 $ 140,215
Less: Equity in Earnings of
Sierra Pacific Resources (13,058) - -
Add: Income Taxes:
Included in operating expense 19,943 42,949 43,478
Included in other income - net 1,272 2,522 1,747
Allowance for Borrowed Funds
Used During Construction 8,356 6,080 2,579
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Total Numerator $ 148,443 $ 203,170 $ 188,019
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Interest Charges:
Long-Term Debt $ 64,454 $ 56,995 $ 50,791
Other 8,815 6,018 1,531
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Total Denominator $ 73,269 $ 63,013 $ 52,322
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Pre-Tax Interest Coverage 2.03 3.22 3.59
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