- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
- 10-K Annual report
- 10.3 Exhibit 10.3
- 10.14 Exhibit 10.14
- 12 Exhibit 12 Nu
- 12 Exhibit 12 CL&P
- 12 Exhibit 12 PSNH
- 12 Exhibit 12 Wmeco
- 21 Exhibit 21
- 23 Exhibit 23
- 31 Nu Exhibit 31
- 31.1 Nu Exhibit 31.1
- 31 CL&P Exhibit 31
- 31.1 CL&P Exhibit 31.1
- 31 PSNH Exhibit 31
- 31.1 PSNH Exhibit 31.1
- 31 Wmeco Exhibit 31
- 31.1 Wmeco Exhibit 31.1
- 32 Nu Exhibit 32
- 32 CL&P Exhibit 32
- 32 PSNH Exhibit 32
- 32 Wmeco Exhibit 32
Public Service Company of New Hampshire |
|
|
|
|
|
|
|
|
| Exhibit 12 |
Ratio of Earnings to Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Thousands of Dollars) |
|
|
|
|
|
|
|
|
|
|
| For the Years Ended December 31, | |||||||||
|
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
Earnings, as defined: |
|
|
|
|
|
|
|
|
|
|
Net income | $ | 65,570 | $ | 58,067 | $ | 54,434 | $ | 35,323 | $ | 41,739 |
Income tax expense |
| 31,990 |
| 21,996 |
| 22,794 |
| 39,183 |
| 12,234 |
Equity in (earnings)/losses of regional nuclear |
|
|
|
|
|
|
|
|
|
|
generating companies |
| (50) |
| (62) |
| (343) |
| 74 |
| (230) |
Dividends received from regional equity investees |
| 220 |
| - |
| 521 |
| 367 |
| 172 |
Fixed charges, as below |
| 51,227 |
| 54,597 |
| 50,637 |
| 50,092 |
| 49,751 |
Less: Interest capitalized (including AFUDC) |
| (3,138) |
| (2,967) |
| (2,985) |
| (2,768) |
| (1,896) |
Total earnings, as defined | $ | 145,819 | $ | 131,631 | $ | 125,058 | $ | 122,271 | $ | 101,770 |
|
|
|
|
|
|
|
|
|
|
|
Fixed charges, as defined: |
|
|
|
|
|
|
|
|
|
|
Interest on long-term debt (a) | $ | 33,045 | $ | 32,655 | $ | 26,029 | $ | 24,100 | $ | 20,481 |
Interest on rate reduction bonds |
| 13,128 |
| 15,969 |
| 18,013 |
| 20,828 |
| 24,074 |
Other interest (b) |
| 316 |
| 1,539 |
| 2,243 |
| 829 |
| 1,733 |
Rental interest factor |
| 1,600 |
| 1,467 |
| 1,367 |
| 1,567 |
| 1,567 |
Interest capitalized (including AFUDC) |
| 3,138 |
| 2,967 |
| 2,985 |
| 2,768 |
| 1,896 |
Total fixed charges, as defined | $ | 51,227 | $ | 54,597 | $ | 50,637 | $ | 50,092 | $ | 49,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges |
| 2.85 |
| 2.41 |
| 2.47 |
| 2.44 |
| 2.05 |
|
|
|
|
|
|
|
|
|
|
|
(a) Interest on long-term debt amounts include amortized premiums, discounts and capitalized expenses related to indebtedness. (b) For the years ended December 31, 2009, 2008 and 2007, other interest includes interest related to accounting for uncertain tax positions. |