Exhibit 12.01
NSP-MINNESOTA AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Thousands of Dollars, except ratio)
Six Months Ended June 30, | Year Ended Dec. 31 | |||||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Pretax income from operations | $ | 195,704 | $ | 544,630 | $ | 455,416 | $ | 468,891 | $ | 463,377 | $ | 449,327 | ||||||||||||
Add: Fixed charges | 124,972 | 249,587 | 243,620 | 239,022 | 240,539 | 211,660 | ||||||||||||||||||
Total earnings, as defined | $ | 320,676 | $ | 794,217 | $ | 699,036 | $ | 707,913 | $ | 703,916 | $ | 660,987 | ||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||
Interest charges | $ | 104,402 | $ | 208,003 | $ | 201,431 | $ | 194,808 | $ | 198,369 | $ | 186,293 | ||||||||||||
Interest component of leases | 20,570 | 41,584 | 42,189 | 44,214 | 42,170 | 25,367 | ||||||||||||||||||
Total fixed charges, as defined | $ | 124,972 | $ | 249,587 | $ | 243,620 | $ | 239,022 | $ | 240,539 | $ | 211,660 | ||||||||||||
Ratio of earnings to fixed charges | 2.6 | 3.2 | 2.9 | 3.0 | 2.9 | 3.1 |