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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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- 10-Q Quarterly report
- 10.1 Exh. 10.1 Nu
- 10.2 Exh. 10.2 Nu
- 10.3 Exh. 10.3 Nu
- 10.4 Exh. 10.4 Nu
- 10.5 Exh. 10.5 Nu
- 10.6 Exh. 10.6 Nu
- 12 Ratio of Earnings Nu
- 15 D&T Letter
- 31 Exh. 31 Nu
- 31.1 Exh. 31.1 Nu
- 32 Exh. 32
- 10 Exh. 10 CLP
- 10.1 Exh. 10.1 CLP
- 10.2 Exh. 10.2 CLP
- 12 Ratio of Earnings CL&P
- 31 Exh. 31 CL&P
- 31.1 Exh. 31.1 CL&P
- 32 Exh. 32 CL&P
- 12 Ratio of Earnings PSNH
- 31 Exh. 31 PSNH
- 31.1 Exh. 31.1 PSNH
- 32 Exh. 32 PSNH
- 12 Ratio of Earnings Wmeco
- 31 Exh. 31 Wmeco
- 31.1 Exh. 31.1 Wmeco
- 32 Exh. 32 Wmeco
Public Service Company of New Hampshire | Exhibit 12 | |||||||||||
Ratio of Earnings to Fixed Charges |
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| Nine Months |
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(In thousands) |
| Ended |
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| September 30, 2008 |
| Year Ended December 31, | ||||||||
Earnings, as defined: |
| (unaudited) |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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Net income | $ | 44,698 | $ | 54,434 | $ | 35,323 | $ | 41,739 | $ | 46,641 | $ | 45,624 |
Income tax expense |
| 17,350 |
| 22,794 |
| 39,183 |
| 12,234 |
| 12,993 |
| 29,773 |
Equity in (earnings)/losses of regional nuclear |
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generating companies |
| (48) |
| (343) |
| 74 |
| (230) |
| (165) |
| (353) |
Dividends received from regional equity investees |
| - |
| 521 |
| 367 |
| 172 |
| 614 |
| 1,219 |
Fixed charges, as below |
| 40,774 |
| 50,637 |
| 50,092 |
| 49,751 |
| 47,211 |
| 47,168 |
Less: Interest capitalized (including AFUDC) |
| (2,229) |
| (2,985) |
| (2,768) |
| (1,896) |
| (272) |
| (552) |
Total earnings, as defined | $ | 100,545 | $ | 125,058 | $ | 122,271 | $ | 101,770 | $ | 107,022 | $ | 122,879 |
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Fixed charges, as defined: |
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Interest on long-term debt (a) | $ | 24,088 | $ | 26,029 | $ | 24,100 | $ | 20,481 | $ | 17,441 | $ | 15,408 |
Interest on rate reduction bonds |
| 12,180 |
| 18,013 |
| 20,828 |
| 24,074 |
| 26,901 |
| 29,081 |
Other interest |
| 1,252 |
| 2,243 |
| 829 |
| 1,733 |
| 1,197 |
| 727 |
Rental interest factor |
| 1,025 |
| 1,367 |
| 1,567 |
| 1,567 |
| 1,400 |
| 1,400 |
Interest capitalized (including AFUDC) |
| 2,229 |
| 2,985 |
| 2,768 |
| 1,896 |
| 272 |
| 552 |
Total fixed charges, as defined | $ | 40,774 | $ | 50,637 | $ | 50,092 | $ | 49,751 | $ | 47,211 | $ | 47,168 |
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Ratio of Earnings to Fixed Charges |
| 2.47 |
| 2.47 |
| 2.44 |
| 2.05 |
| 2.27 |
| 2.61 |
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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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