Exhibit 12.01
NORTHERN STATES POWER COMPANY - MINNESOTA (CONSOLIDATED)
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars)
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| June 30, |
| Year Ended December 31, |
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| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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Earnings as defined: |
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Pretax income from continuing operations |
| $ | 176,450 |
| $ | 468,891 |
| $ | 463,377 |
| $ | 449,327 |
| $ | 399,916 |
| $ | 349,527 |
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Add: Fixed charges |
| 120,008 |
| 239,022 |
| 240,539 |
| 211,660 |
| 176,169 |
| 158,352 |
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Earnings as defined |
| $ | 296,458 |
| $ | 707,913 |
| $ | 703,916 |
| $ | 660,987 |
| $ | 576,085 |
| $ | 507,879 |
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Fixed charges: |
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Interest charges |
| $ | 99,533 |
| $ | 194,808 |
| $ | 198,369 |
| $ | 186,293 |
| $ | 165,381 |
| $ | 150,261 |
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Interest component of operating leases |
| 20,475 |
| 44,214 |
| 42,170 |
| 25,367 |
| 10,788 |
| 8,091 |
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Total fixed charges |
| $ | 120,008 |
| $ | 239,022 |
| $ | 240,539 |
| $ | 211,660 |
| $ | 176,169 |
| $ | 158,352 |
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Ratio of earnings to fixed charges |
| 2.5 |
| 3.0 |
| 2.9 |
| 3.1 |
| 3.3 |
| 3.2 |
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