Ratio of Earnings to Fixed Charges | Exhibit 12 | |||||
(In thousands) | ||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||
Earnings, as defined: | December 31, 2005 | December 31, 2004 | December 31, 2003 | December 31, 2002 | December 31, 2001 | |
Net (loss)/income from continuing operations before | ||||||
extraordinary item and cumulative effect of | ||||||
accounting change | $ (229,223) | $ 112,995 | $ 116,434 | $ 148,529 | $ 265,942 | |
Income tax (benefit)/expense | (162,765) | 50,728 | 47,628 | 72,682 | 173,952 | |
Equity in earnings of regional nuclear | ||||||
generating and transmission companies | (3,311) | (2,592) | (4,487) | (11,215) | (3,970) | |
Dividends received from regional equity investees | 687 | 3,879 | 8,904 | 11,056 | 7,060 | |
Fixed charges, as below | 294,525 | 271,948 | 264,822 | 290,590 | 304,663 | |
Interest capitalized (not including AFUDC) | (395) | (600) | (1,058) | (2,085) | (684) | |
Preferred dividend security requirements of | ||||||
consolidated subsidiaries | (9,265) | (9,265) | (9,265) | (9,265) | (12,082) | |
Total (loss)/earnings, as defined | $ (109,747) | $ 427,093 | $ 422,978 | $500,292 | $734,881 | |
Fixed charges, as defined: | ||||||
Interest on long-term debt | $ 163,012 | $ 139,988 | $ 121,887 | $ 134,471 | $ 140,497 | |
Interest on rate reduction bonds | 87,439 | 98,899 | 108,359 | 115,791 | 87,616 | |
Other interest | 19,350 | 8,610 | 10,333 | 16,998 | 51,545 | |
Rental interest factor | 7,145 | 7,433 | 7,667 | 5,433 | 7,033 | |
Amortized premiums, discounts and | ||||||
capitalized expenses related to indebtedness | 7,919 | 7,153 | 6,253 | 6,547 | 5,206 | |
Preferred dividend security requirements of | ||||||
consolidated subsidiaries | 9,265 | 9,265 | 9,265 | 9,265 | 12,082 | |
Interest capitalized (not including AFUDC) | 395 | 600 | 1,058 | 2,085 | 684 | |
Total fixed charges, as defined | $ 294,525 | $ 271,948 | $ 264,822 | $ 290,590 | $ 304,663 | |
Ratio of Earnings to Fixed Charges - Pro Forma | (0.37) | 1.57 | 1.60 | 1.72 | 2.41 | |
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10-K Filing
The Connecticut Light and Power Company (CNLHO) 10-K2005 FY Annual report
Filed: 10 Mar 06, 12:00am