Eversource Energy and Subsidiaries |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exhibit 12 | |
Ratio of Earnings to Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Three Months |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| March 31, |
| For the Years Ended December 31, | |||||||||||||||
(Thousands of Dollars) | 2015 |
| 2014 |
| 2013 |
| 2012 (a) |
| 2011 |
| 2010 | |||||||
Earnings, as defined: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Net income | $ | 255,133 |
| $ | 827,065 |
| $ | 793,689 |
| $ | 533,077 |
| $ | 400,513 |
| $ | 394,107 |
| Income tax expense |
| 153,226 |
|
| 468,297 |
|
| 426,941 |
|
| 274,926 |
|
| 170,953 |
|
| 210,409 |
| Equity in earnings of regional nuclear |
| (296) |
|
| (1,044) |
|
| (1,318) |
|
| (1,154) |
|
| (671) |
|
| (1,429) |
| Dividends received from regional equity investees |
| - |
|
| - |
|
| 582 |
|
| 733 |
|
| 940 |
|
| 1,488 |
| Fixed charges, as below |
| 100,863 |
|
| 386,451 |
|
| 362,403 |
|
| 353,616 |
|
| 275,948 |
|
| 263,393 |
| Less: Interest capitalized (including AFUDC) |
| (1,375) |
|
| (5,766) |
|
| (4,062) |
|
| (5,261) |
|
| (11,758) |
|
| (10,165) |
| Preferred dividend security requirements of |
| (3,133) |
|
| (12,532) |
|
| (12,803) |
|
| (11,715) |
|
| (9,265) |
|
| (10,170) |
Total earnings, as defined | $ | 504,418 |
| $ | 1,662,471 |
| $ | 1,565,432 |
| $ | 1,144,222 |
| $ | 826,660 |
| $ | 847,633 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges, as defined: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Interest on long-term debt (b) | $ | 87,714 |
| $ | 345,001 |
| $ | 340,970 |
| $ | 316,987 |
| $ | 231,630 |
| $ | 231,089 |
| Interest on rate reduction bonds |
| - |
|
| - |
|
| 422 |
|
| 6,168 |
|
| 8,611 |
|
| 20,573 |
| Other interest (c) |
| 7,129 |
|
| 17,105 |
|
| (2,693) |
|
| 6,790 |
|
| 10,184 |
|
| (14,371) |
| Rental interest factor |
| 1,512 |
|
| 6,047 |
|
| 6,839 |
|
| 6,695 |
|
| 4,500 |
|
| 5,767 |
| Preferred dividend security requirements of |
| 3,133 |
|
| 12,532 |
|
| 12,803 |
|
| 11,715 |
|
| 9,265 |
|
| 10,170 |
| Interest capitalized (including AFUDC) |
| 1,375 |
|
| 5,766 |
|
| 4,062 |
|
| 5,261 |
|
| 11,758 |
|
| 10,165 |
Total fixed charges, as defined | $ | 100,863 |
| $ | 386,451 |
| $ | 362,403 |
| $ | 353,616 |
| $ | 275,948 |
| $ | 263,393 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ratio of Earnings to Fixed Charges |
| 5.00 |
|
| 4.30 |
|
| 4.32 |
|
| 3.24 |
|
| 3.00 |
|
| 3.22 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) NSTAR amounts were included in ES beginning April 10, 2012. | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(b) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness. | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) For all periods presented, other interest includes interest related to accounting for uncertain tax positions. |
- NSARO Dashboard
- Financials
- Filings
- ETFs
- Institutional
-
10-Q Filing
NSTAR Electric (NSARO) 10-Q2015 Q1 Quarterly report
Filed: 6 May 15, 12:00am