Exhibit 12a
UniSource Energy Corporation
Computation of Ratio of Earnings to Fixed Charges
September 30, | September 30, | September 30, | September 30, | September 30, | September 30, | |||||||||||||||||||
12 Months Ended | ||||||||||||||||||||||||
Dec 31, 2011 | Dec. 31, 2010* | Dec. 31, 2009* | Dec. 31, 2008* | Dec. 31, 2007* | Dec. 31, 2006* | |||||||||||||||||||
- Thousands of Dollars - | ||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest on Long-Term Debt | $ | 73,217 | $ | 65,020 | $ | 58,134 | $ | 70,227 | $ | 73,095 | $ | 75,039 | ||||||||||||
Other Interest (1) | 2,535 | 1,651 | 3,468 | 1,837 | 5,480 | 7,922 | ||||||||||||||||||
Interest on Capital Lease Obligations | 44,874 | 52,540 | 53,682 | 57,272 | 64,499 | 72,586 | ||||||||||||||||||
Estimated Interest Portion of Rental Expense | 926 | 240 | 345 | 188 | 258 | 326 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Fixed Charges | $ | 121,552 | $ | 119,451 | $ | 115,629 | $ | 129,524 | $ | 143,332 | $ | 155,873 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Income | $ | 109,975 | $ | 112,984 | $ | 105,901 | $ | 16,955 | $ | 60,712 | $ | 68,524 | ||||||||||||
Add: | ||||||||||||||||||||||||
Discontinued Operations Loss-Net of Tax | — | — | — | — | — | 1,796 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Income from Continuing Operations | 109,975 | 112,984 | 105,901 | 16,955 | 60,712 | 70,320 | ||||||||||||||||||
Add (Deduct): | ||||||||||||||||||||||||
(Income) Losses from Equity Investees | — | 5,570 | 1,834 | 713 | 340 | (210 | ) | |||||||||||||||||
Income Taxes | 66,951 | 76,921 | 63,232 | 18,747 | 40,274 | 42,143 | ||||||||||||||||||
Total Fixed Charges | 121,552 | 119,451 | 115,629 | 129,524 | 143,332 | 155,873 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Earnings before Taxesand Fixed Charges | $ | 298,478 | $ | 314,926 | $ | 286,596 | $ | 165,939 | $ | 244,658 | $ | 268,126 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of Earnings to Fixed Charges | 2.456 | 2.636 | 2.479 | 1.281 | 1.707 | 1.720 |
* As revised. See Note 1 to the financial statements for more information.
(1) Excludes recognition of Allowance for Borrowed Funds Used During Construction.