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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
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H.S. freshman Avg
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- 10-K Annual report
- 4.1 Exhibit 4.1 Es Amended and Restated Credit Agreement
- 4.2 Exhibit 4.2 Nstar Electric Amended and Restated Credit Agreement
- 10.1.1 Exhibit 10.1.1 Eversource & PSNH Amendment to Stabilization Agreement
- 10.3 Exhibit 10.3 Eversource Energy Summary of Trustee Compensation
- 10.5 Exhibit 10.5 Eversource Supplemental Executive Retirement Plan
- 10.6 Exhibit 10.6 Eversource Energy Deferred Compensation Plan
- 12 Exhibit 12 Eversource Energy
- 12 Exhibit 12 CL&P
- 12 Exhibit 12 Nstar Electric
- 12 Exhibit 12 PSNH
- 12 Exhibit 12 Wmeco
- 21 Exhibit 21 Subsidiaries of the Registrants
- 23 Exhibit 23 Deloitte & Touche Consent
- 31 Exhibit 31 Eversoure Energy
- 31.1 Exhibit 31.1 Eversource Energy
- 31 Exhibit 31 CL&P
- 31.1 Exhibit 31.1 CL&P
- 31 Exhibit 31 Nstar Electric
- 31.1 Exhibit 31.1 Nstar Electric
- 31 Exhibit 31 PSNH
- 31.1 Exhibit 31.1 PSNH
- 31 Exhibit 31 Wmeco
- 31.1 Exhibit 31.1 Wmeco
- 32 Exhibit 32 Eversource Energy
- 32 Exhibit 32 CL&P
- 32 Exhibit 32 Nstar Electric
- 32 Exhibit 32 PSNH
- 32 Exhibit 32 Wmeco
- Download Excel data file
- View Excel data file
Western Massachusetts Electric Company |
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| Exhibit 12 | |||||||||
Ratio of Earnings to Fixed Charges |
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| For the Years Ended December 31, | |||||||||||||
(Thousands of Dollars) |
| 2015 |
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| 2014 |
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| 2013 |
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| 2012 |
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| 2011 | |
Earnings, as defined: |
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| Net income | $ | 56,506 |
| $ | 57,819 |
| $ | 60,438 |
| $ | 54,503 |
| $ | 43,054 |
| Income tax expense |
| 36,970 |
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| 37,268 |
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| 37,368 |
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| 32,140 |
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| 23,186 |
| Equity in earnings of regional equity investees |
| (8) |
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| (8) |
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| (18) |
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| (11) |
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| (4) |
| Dividends received from regional equity investees |
| - |
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| - |
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| 80 |
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| - |
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| - |
| Fixed charges, as below |
| 26,553 |
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| 26,202 |
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| 26,316 |
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| 28,162 |
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| 25,079 |
| Less: Interest capitalized (including AFUDC) |
| (1,042) |
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| (864) |
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| (498) |
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| (534) |
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| (534) |
Total earnings, as defined | $ | 118,979 |
| $ | 120,417 |
| $ | 123,686 |
| $ | 114,260 |
| $ | 90,781 | |
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Fixed charges, as defined: |
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| Interest expense | $ | 24,792 |
| $ | 24,931 |
| $ | 24,851 |
| $ | 26,634 |
| $ | 23,612 |
| Rental interest factor |
| 719 |
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| 407 |
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| 967 |
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| 994 |
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| 933 |
| Interest capitalized (including AFUDC) |
| 1,042 |
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| 864 |
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| 498 |
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| 534 |
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| 534 |
Total fixed charges, as defined | $ | 26,553 |
| $ | 26,202 |
| $ | 26,316 |
| $ | 28,162 |
| $ | 25,079 | |
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Ratio of Earnings to Fixed Charges |
| 4.48 |
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| 4.60 |
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| 4.70 |
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| 4.06 |
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| 3.62 |