|
Six Months Ended June 30,
|
Years Ended December 31,
|
|||||||||||||||||||||||
|
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
|||||||||||||||||||
|
Earnings from Continuing
|
||||||||||||||||||||||||
|
Operations (a)
|
49,569
|
$
|
150,686
|
$
|
116,813
|
$
|
132,516
|
$
|
132,238
|
$
|
137,825
|
|||||||||||||
|
Fixed Charges (b)
|
||||||||||||||||||||||||
|
Interest charges
|
37,956
|
72,847
|
67,164
|
60,278
|
59,066
|
55,822
|
||||||||||||||||||
|
Interest portion of rent expense
|
227
|
607
|
857
|
829
|
823
|
939
|
||||||||||||||||||
|
Total Fixed Charges
|
38,183
|
73,454
|
68,021
|
61,107
|
59,889
|
56,761
|
||||||||||||||||||
|
Capitalized Interest
|
(5,681
|
)
|
(16,996
|
)
|
(22,544
|
)
|
(28,122
|
)
|
(21,362
|
)
|
(20,312
|
)
|
||||||||||||
|
Earnings (c)
|
$
|
82,071
|
$
|
207,144
|
$
|
162,290
|
$
|
165,501
|
$
|
170,765
|
$
|
174,274
|
||||||||||||
|
Ratio of Earnings to Fixed Charges
|
2.1
|
2.8
|
2.4
|
2.7
|
2.9
|
3.1
|
||||||||||||||||||
|
(a)
|
Earnings from continuing operations consist of income from continuing operations before income taxes, extraordinary item and cumulative effects of accounting changes.
|
|
(b)
|
Fixed charges consist of all interest on indebtedness, amortization of debt discount and expense and the estimated portion of rental expense that represents an interest factor.
|
|
(c)
|
Earnings consist of earnings from continuing operations and fixed charges less AFUDC and capitalized interest.
|