Western Massachusetts Electric 10-Q 2017 Q2 Quarterly report

Western Massachusetts Electric Company																Exhibit 12
Ratio of Earnings to Fixed Charges
(Unaudited)
	Six Months Ended June 30, 2017
				For the Years Ended December 31,
(Thousands of Dollars)				2016			2015			2014			2013			2012
Earnings, as defined:
Net income	$	34,839		$	58,072		$	56,506		$	57,819		$	60,438		$	54,503
Income tax expense	22,176			38,022			36,970			37,268			37,368			32,140
Equity in earnings of equity investees	(5		)	(16		)	(8		)	(8		)	(18		)	(11		)
Dividends received from equity investees	—			15			—			—			80			—
Fixed charges, as below	13,147			25,776			26,553			26,202			26,316			28,162
Less: Interest capitalized (including AFUDC)	(362		)	(644		)	(1,042		)	(864		)	(498		)	(534		)
Total earnings, as defined	$	69,795		$	121,225		$	118,979		$	120,417		$	123,686		$	114,260
Fixed charges, as defined:
Interest Expense	$	12,431		$	24,425		$	24,792		$	24,931		$	24,851		$	26,634
Rental interest factor	354			707			719			407			967			994
Interest capitalized (including AFUDC)	362			644			1,042			864			498			534
Total fixed charges, as defined	$	13,147		$	25,776		$	26,553		$	26,202		$	26,316		$	28,162
Ratio of Earnings to Fixed Charges	5.31			4.70			4.48			4.60			4.70			4.06