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Year
Ended December 31,
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2008
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2007
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2006
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2005
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2004
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EARNINGS
AS DEFINED:
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Income
(Loss) From Continuing Operations
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After
Interest Charges
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$ | 151,431 | $ | 165,694 | $ | 224,540 | $ | 132,734 | $ | 104,312 | |||||||||||
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Income
Taxes
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71,382 | 78,352 | 117,510 | 63,995 | 56,572 | ||||||||||||||||
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Income
(Loss) From Continuing Operations
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before
Income Taxes
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222,813 | 244,046 | 342,050 | 196,729 | 160,884 | ||||||||||||||||
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Fixed
Charges
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210,067 | 190,836 | 190,333 | 159,776 | 145,055 | ||||||||||||||||
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Capitalized
Interest (allowance for borrowed funds used during
construction)
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(20,063 | ) | (13,196 | ) | (11,614 | ) | (23,187 | ) | (5,738 | ) | |||||||||||
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Total
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$ | 412,817 | $ | 421,686 | $ | 520,769 | $ | 333,318 | $ | 300,201 | |||||||||||
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FIXED
CHARGES AS DEFINED:
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Interest
Expensed and Capitalized (1)
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$ | 210,067 | $ | 190,836 | $ | 190,333 | $ | 159,776 | $ | 145,055 | |||||||||||
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Preference
Security Dividend Requirements
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Total
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$ | 210,067 | $ | 190,836 | $ | 190,333 | $ | 159,776 | $ | 145,055 | |||||||||||
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RATIO
OF EARNINGS TO FIXED CHARGES
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1.97 | 2.21 | 2.74 | 2.09 | 2.07 | ||||||||||||||||
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(1)
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Includes
amortization of premiums, discounts, and capitalized debt expense and
interest component of rent expense.
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