Exhibit 12.01
NSP-MINNESOTA AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended March 31, 2014 | | Year Ended Dec. 31 |
| | 2013 | | 2012 | | 2011 | | 2010 | | 2009 |
Earnings, as defined: | | | |
| | |
| | |
| | |
| | |
|
Pretax income from operations | $ | 165,963 |
| | $ | 575,203 |
| | $ | 515,665 |
| | $ | 544,630 |
| | $ | 455,416 |
| | $ | 468,891 |
|
Add: Fixed charges | 56,088 |
| | 227,301 |
| | 243,317 |
| | 249,587 |
| | 243,620 |
| | 239,022 |
|
Total earnings, as defined | $ | 222,051 |
| | $ | 802,504 |
| | $ | 758,982 |
| | $ | 794,217 |
| | $ | 699,036 |
| | $ | 707,913 |
|
Fixed charges, as defined: | | | |
| | |
| | |
| | |
| | |
|
Interest charges | $ | 47,452 |
| | $ | 191,889 |
| | $ | 201,158 |
| | $ | 208,003 |
| | $ | 201,431 |
| | $ | 194,808 |
|
Interest component of leases | 8,636 |
| | 35,412 |
| | 42,159 |
| | 41,584 |
| | 42,189 |
| | 44,214 |
|
Total fixed charges, as defined | $ | 56,088 |
| | $ | 227,301 |
| | $ | 243,317 |
| | $ | 249,587 |
| | $ | 243,620 |
| | $ | 239,022 |
|
Ratio of earnings to fixed charges | 4.0 |
| | 3.5 |
| | 3.1 |
| | 3.2 |
| | 2.9 |
| | 3.0 |
|