Western Massachusetts Electric Inactive 10-Q2015 Q1 Quarterly report

Filed: 6 May 15, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	H.S. sophomore Avg

New words: actuarial, add, added, Advocate, agreed, alliance, anyincentive, brand, branding, cap, capped, CES, collaborate, comment, Consummation, Council, create, deduction, denying, deregulation, disruptive, edgar, eligibility, eligible, encompassing, eversource, fluctuate, FMCC, forgo, indemnification, key, LBR, link, mandated, mandatory, month, multiple, negative, ofclarifying, Ourelectric, PAM, pertaining, principle, pursue, pursuing, Realty, reclassification, redeemed, representation, reservein, resolved, retain, River, Rocky, securitization, sell, short, southern, spending, spot, stipulated, successful, superior, tender, underrecovery, Valley, warranted

Removed: Addressing, Advisory, ALJ, annualized, approving, Army, attributed, August, await, award, awarded, begun, bill, blizzard, book, break, cold, collectibility, complicated, concurrently, conduct, consultant, continued, continuing, court, cumulative, discovery, docket, DOER, eastern, employed, energized, expanded, expired, family, favor, formula, forward, generating, GSRP, harmonized, historically, Holyoke, Hopkinton, III, immaterial, implying, improvement, incremental, informational, investigate, judgment, Justice, kV, largest, letter, LNG, lost, low, MA, matured, member, migration, Millstone, minimal, MYAPC, NGS, noted, nu, NUSCO, occurred, opened, outcome, outlined, pay, permit, permitted, pleading, predominately, prospective, reached, reassessment, recently, reconciled, recovering, regional, reliably, remain, remand, requested, response, Responsive, reversal, revised, route, routine, RRR, Safety, seeking, select, showed, stated, stating, steady, subsequent, tentative, territory, thermal, traditional, transferred, transportation, trial, ultimate, unrecognized, unsuccessful, worsening

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

Western Massachusetts Electric similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing


Public Service Company of New Hampshire and Subsidiary													Exhibit 12
Ratio of Earnings to Fixed Charges
(Unaudited)

		Three Months
		Ended
		March 31,		For the Years Ended December 31,
(Thousands of Dollars)		2015			2014		2013		2012		2011		2010
Earnings, as defined:
	Net income	$	32,045	$	113,944	$	111,397	$	96,882	$	100,267	$	90,067
	Income tax expense		20,276		72,135		71,101		60,993		49,945		50,801
	Equity in earnings of regional nuclear generating companies		(1)		(8)		(12)		(8)		(7)		(23)
	Dividends received from regional equity investees		-		-		42		-		-		80
	Fixed charges, as below		11,559		46,530		47,318		52,769		52,111		54,721
	Less: Interest capitalized (including AFUDC)		(152)		(640)		(500)		(1,579)		(7,064)		(6,621)
Total earnings, as defined		$	63,727	$	231,961	$	229,346	$	209,057	$	195,252	$	189,025

Fixed charges, as defined:
	Interest on long-term debt (a)	$	11,399	$	45,116	$	44,370	$	46,228	$	36,832	$	36,220
	Interest on rate reduction bonds		-		-		(154)		2,687		6,276		9,660
	Other interest (b)		(127)		233		1,960		1,313		1,039		1,187
	Rental interest factor		135		541		642		962		900		1,033
	Interest capitalized (including AFUDC)		152		640		500		1,579		7,064		6,621
Total fixed charges, as defined		$	11,559	$	46,530	$	47,318	$	52,769	$	52,111	$	54,721

Ratio of Earnings to Fixed Charges			5.51		4.99		4.85		3.96		3.75		3.45


(a) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness.

(b) For the years ended December 31, 2011 and 2010, other interest includes interest related to accounting for uncertain tax positions.