20031021Gribble Exhibit 12.pdf

BEFORE THE
IDAHO PUBLIC UTILITIES COMMISSION
CASE NO. IPC-E-03-13
IDAHO POWER COMPANY
EXHIBIT NO. 12
D. GRIBBLE
Standard & Poors Financial Ratio Benchmarks
IDAHO POWER COMPANY
STANDARD & POORS
ELECTRIC UTILITY FINANCIAL RATIO BENCHMARKS
Line
No. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16)
Funds From O�erations to Total Debt{%}
Business AA 8 BBB BB �
Position From To From To From To From To From To
1 1 20.0 16.5 16.5 12.5 12.5 7.0 LT7.0 0.0 0.0
2 2 25.0 21.0 21.0 16.0 16.0 10.5 LT 10.5 0.0 0.0
3 3 31.5 26.0 26.0 20.0 20.0 14.0 14.0 9.5 9.5 4.0
4 4 36.5 30.5 30.5 24.5 24.5 17.5 17.5 12.0 12.0 6.0
5 5 40.0 33.0 33.0 27.0 27.0 20.5 20.5 15.0 15.0 7.5
6 6 47.0 39.0 39.0 31.0 31.0 22.0 22.0 16.0 16.0 8.5
Funds From O�erations Interest Coverage {X}
Business AA 8 BBB BB �
Position From To From To From To From To From To
7 1 3.1 2.6 2.6 1.9 1.9 0.9 LT.9
8 2 3.9 3.3 3.3 2.5 2.5 1.5 LT 1.5
9 3 4.5 3.9 3.9 3.1 3.1 2.1 2.1 1.3 1.3 0.5
10 4 5.1 4.5 4.5 3.8 3.8 2.7 2.7 1.8 1.8 0.9
11 5 5.4 4.8 4.8 4.0 4.0 3.0 3.0 2.1 2.1 1.1
12 6 6.6 5.7 5.7 4.5 4.5 3.1 3.1 2.2 2.2 1.2
Pretax Interest Coverage {X}
Business AA 8 BBB BB �
Position From To From To From To From To From To
13 1 2.8 2.4 2.4 1.8 1.8 0.8 LT.8
14 2 3.4 2.9 2.9 2.3 2.3 1.3 LT1.5
15 3 4.0 3.4 3.4 2.8 2.8 1.8 1.8 1.1 1.1 0.3
16 4 4.6 4.0 4.0 3.3 3.3 2.2 2.2 1.3 1.3 0.5
17 5 5.0 4.3 4.3 3.5 3.5 2.4 2.4 1.5 1.5 0.6
18 6 6.2 5.2 5.2 4.0 4.0 2.6 2.6 1.6 1.6 0.7
Total Debt to Ca�ital {%}
Business AA 8 BBB BB �
Position From To From To From To From To From To
19 1 50.5 55.0 55.0 60.5 60.5 67.5 LT 67.5
20 2 46.5 51.0 51.0 56.5 56.5 63.5 LT 63.5
21 3 42.0 47.5 47.5 53.0 53.0 61.0 61.0 67.0 67.0 74.0
22 4 37.5 43.0 43.0 49.5 49.5 57.0 57.0 64.0 64.0 72.5
23 5 36.0 41.5 41.5 47.0 47.0 55.0 55.0 62.5 62.5 71.0
24 6 32.5 39.5 39.5 46.0 46.0 53.5 53.5 60.5 60.5 69.0
EXHIBIT NO. 12
CASE NO. IPC-E-03-13
D. GRIBBLE, IPCo
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