Western Massachusetts Electric Company |
| Exhibit 12 | ||||||||||||||||
Ratio of Earnings to Fixed Charges |
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| Six Months |
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| June 30, 2008 |
| Year Ended December 31, | ||||||||||||||
Earnings, as defined: |
| (unaudited) |
| 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||
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Net income |
| $ 9,569 |
| $ 23,604 |
| $ 15,644 |
| $ 15,085 |
| $ 12,373 |
| $ 16,212 | ||||||
Income tax expense |
| 6,006 |
| 14,586 |
| 7,766 |
| 9,294 |
| 7,187 |
| 11,687 | ||||||
Equity in (earnings)/losses of |
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Dividends received from regional |
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Fixed charges, as below |
| 11,071 |
| 22,162 |
| 21,087 |
| 19,801 |
| 17,156 |
| 14,920 | ||||||
Less: Interest capitalized |
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Total earnings, as defined |
| $ 26,157 |
| $ 59,544 |
| $ 44,257 |
| $ 43,517 |
| $ 37,034 |
| $ 43,993 | ||||||
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Fixed charges, as defined: |
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Interest on long-term debt (a) |
| $ 6,686 |
| $ 11,577 |
| $ 10,671 |
| $ 9,535 |
| $ 6,655 |
| $ 3,860 | ||||||
Interest on rate reduction bonds |
| 2,660 |
| 5,839 |
| 6,723 |
| 7,570 |
| 8,332 |
| 8,994 | ||||||
Other interest |
| 625 |
| 2,430 |
| 1,507 |
| 1,041 |
| 782 |
| 965 | ||||||
Rental interest factor |
| 667 |
| 1,333 |
| 1,333 |
| 1,200 |
| 1,167 |
| 1,033 | ||||||
Interest capitalized (including AFUDC) |
| 433 |
| 983 |
| 853 |
| 455 |
| 220 |
| 68 | ||||||
Total fixed charges, as defined |
| $ 11,071 |
| $ 22,162 |
| $ 21,087 |
| $ 19,801 |
| $ 17,156 |
| $ 14,920 | ||||||
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Ratio of Earnings to Fixed Charges |
| 2.36 |
| 2.69 |
| 2.10 |
| 2.20 |
| 2.16 |
| 2.95 | ||||||
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(a) Interest on long-term debt amounts include amortized premiums, discounts and capitalized expenses related to indebtedness. |
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10-Q Filing
The Connecticut Light and Power Company (CNLTN) 10-Q2008 Q2 Quarterly report
Filed: 7 Aug 08, 12:00am