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Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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- 10-K Annual report
- 10.3 Exhibit 10.3 Summary of Trustee Compensation
- 12 Exhibit 12 Nu
- 12 Exhibit 12 CL&P
- 12 Exhibit 12 Nstar Electric
- 12 Exhibit 12 PSNH
- 12 Exhibit 12 Wmeco
- 21 Exhibit 21 Subsidiaries of the Registrants
- 23 Exhibit 23 Deloitte & Touche Consent
- 31 Exhibit 31 Nu
- 31.1 Exhibit 31.1 Nu
- 31 Exhibit 31 CL&P
- 31.1 Exhibit 31.1 CL&P
- 31 Exhibit 31 Nstar Electric
- 31.1 Exhibit 31.1 Nstar Electric
- 31 Exhibit 31 PSNH
- 31.1 Exhibit 31.1 PSNH
- 31 Exhibit 31 Wmeco
- 31.1 Exhibit 31.1 Wmeco
- 32 Exhibit 32 Nu
- 32 Exhibit 32 CL&P
- 32 Exhibit 32 Nstar Electric
- 32 Exhibit 32 PSNH
- 32 Exhibit 32 Wmeco
- Download Excel data file
- View Excel data file
NSTAR Electric Company and Subsidiary |
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| Exhibit 12 | |
Ratio of Earnings to Fixed Charges |
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| For the Years Ended December 31, | |||||||||||||
(Thousands of Dollars) |
| 2014 |
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| 2013 |
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| 2012 |
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| 2011 |
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| 2010 | |
Earnings, as defined: |
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| Net income | $ | 303,088 |
| $ | 268,546 |
| $ | 190,242 |
| $ | 252,494 |
| $ | 248,575 |
| Income tax expense |
| 201,981 |
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| 172,866 |
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| 123,966 |
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| 165,686 |
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| 162,020 |
| Equity in earnings of regional nuclear generating and transmission companies |
| (408) |
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| (550) |
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| (412) |
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| (501) |
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| (836) |
| Dividends received from regional equity investees |
| - |
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| 344 |
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| 286 |
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| 676 |
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| 669 |
| Fixed charges, as below |
| 82,503 |
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| 73,115 |
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| 72,364 |
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| 76,219 |
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| 77,902 |
| Less: Interest capitalized (including AFUDC) |
| (2,027) |
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| (511) |
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| (259) |
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| (185) |
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| (108) |
Total earnings, as defined | $ | 585,137 |
| $ | 513,810 |
| $ | 386,187 |
| $ | 494,389 |
| $ | 488,222 | |
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Fixed charges, as defined: |
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| Interest on long-term debt (a) | $ | 77,140 |
| $ | 79,088 |
| $ | 87,100 |
| $ | 90,040 |
| $ | 90,630 |
| Interest on rate reduction bonds |
| - |
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| 399 |
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| 3,585 |
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| 7,226 |
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| 11,235 |
| Other interest (b) |
| 738 |
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| (9,104) |
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| (20,631) |
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| (27,839) |
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| (30,475) |
| Rental interest factor |
| 2,598 |
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| 2,221 |
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| 2,051 |
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| 6,607 |
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| 6,404 |
| Interest capitalized (including AFUDC) |
| 2,027 |
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| 511 |
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| 259 |
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| 185 |
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| 108 |
Total fixed charges, as defined | $ | 82,503 |
| $ | 73,115 |
| $ | 72,364 |
| $ | 76,219 |
| $ | 77,902 | |
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Ratio of Earnings to Fixed Charges |
| 7.09 |
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| 7.03 |
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| 5.34 |
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| 6.49 |
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| 6.27 | |
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(a) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness. | |||||||||||||||
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(b) For the years ended December 31, 2011 and 2010, other interest includes interest related to accounting for uncertain tax positions. | |||||||||||||||