Exhibit 12(a)
UNISOURE ENERGY CORPORATION
Computation of Ratio of Earnings to Fixed Charges
6 Months 12 Months | 12 Months Ended
Ended Ended |
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Jun. 30 Jun. 30 | Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2005 2005 | 2004 2003 2002 2001 2000
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| - Thousands of Dollars -
FIXED CHARGES: |
Interest on Long-Term Debt $ 40,096 $ 79,753 | $ 82,807 $ 80,844 $ 65,620 $ 68,678 $ 75,076
Other Interest (1) 1,503 2,852 | 2,098 3,709 2,123 1,287 219
Interest on Capital Lease Obligations 39,147 84,949 | 85,912 84,080 87,801 90,559 92,869
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TOTAL FIXED CHARGES 80,746 167,554 | 170,817 168,633 155,544 160,524 168,164
|
NET INCOME 5,685 32,382 | 45,919 113,941 34,928 63,839 43,484
|
LESS: |
Extraordinary Income & Accounting Change - |
Net of Tax - - | - 67,471 - 470 -
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NET INCOME FROM CONTINUING OPERATIONS 5,685 32,382 | 45,919 46,470 34,928 63,369 43,484
|
ADD (DEDUCT): |
(Income) Losses from Equity Investees 730 (172)| (7,121) 3,051 3,047 10,748 3,335
Income Taxes 5,652 22,037 | 33,946 12,082 17,962 49,109 16,199
Total Fixed Charges 80,746 167,554 | 170,817 168,633 155,544 160,524 168,164
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|
TOTAL EARNINGS BEFORE TAXES |
AND FIXED CHARGES $ 92,813 $ 221,801 | $243,561 $230,236 $211,481 $283,750 $ 231,182
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|
|
RATIO OF EARNINGS TO FIXED CHARGES 1.149 1.324 | 1.426 1.365 1.360 1.768 1.375
<FN>
(1) Excludes recognition of Allowance for Borrowed Funds Used During
Construction.
</FN>