Exhibit 99.3
Statement regarding the computation of ratio
NSTAR
Computation of Earnings to Fixed Charges
(Dollars in Thousands)
Fixed Charge Ratio Components | Twelve Months Ended September 30, 2009 | |||
Earnings: | ||||
Net Income from Continuing Operations | $ | 247,730 | ||
Less: Equity Income from Investees | 839 | |||
Plus: Distributed Income of Equity Investees | 1,678 | |||
Income Taxes | 149,746 | |||
Earnings from Continuing Operations | $ | 398,315 | ||
Fixed Charges: | ||||
Interest Expense | $ | 137,210 | ||
Interest Component of Rentals* | 8,903 | |||
Total Fixed Charges | $ | 146,113 | ||
Earnings from Continuing Operations, plus Fixed Charges | $ | 544,428 | ||
Ratio of Earnings to Fixed Charges | 3.73 | x |
* | Includes 1/3 of rental expense as no readily defined interest element can be determined. |