Exhibit 12
NSP-MINNESOTA AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands, except ratio)
| Nine Months Ended | ||||||||||||||||||||||||
| Sept. 30, | Year Ended Dec. 31 | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
| Earnings, as defined: | ||||||||||||||||||||||||
| Pretax income from operations | $ | 486,180 | $ | 515,665 | $ | 544,630 | $ | 455,416 | $ | 468,891 | $ | 463,377 | ||||||||||||
| Add: Fixed charges | 172,495 | 243,317 | 249,587 | 243,620 | 239,022 | 240,539 | ||||||||||||||||||
| Total earnings, as defined | $ | 658,675 | $ | 758,982 | $ | 794,217 | $ | 699,036 | $ | 707,913 | $ | 703,916 | ||||||||||||
| Fixed charges, as defined: | ||||||||||||||||||||||||
| Interest charges | $ | 141,898 | $ | 201,158 | $ | 208,003 | $ | 201,431 | $ | 194,808 | $ | 198,369 | ||||||||||||
| Interest component of leases | 30,597 | 42,159 | 41,584 | 42,189 | 44,214 | 42,170 | ||||||||||||||||||
| Total fixed charges, as defined | $ | 172,495 | $ | 243,317 | $ | 249,587 | $ | 243,620 | $ | 239,022 | $ | 240,539 | ||||||||||||
| Ratio of earnings to fixed charges | 3.8 | 3.1 | 3.2 | 2.9 | 3.0 | 2.9 | ||||||||||||||||||