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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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- 10-K Annual report
- 10.3 Exhibit 10.3
- 10.17 Exhibit 10.17
- 12 Exhibit 12 Nu
- 12 Exhibit 12 CL&P
- 12 Exhibit 12 PSNH
- 12 Exhibit 12 Wmeco
- 21 Exhibit 21
- 23 Exhibit 23
- 31 Exhibit 31 Nu
- 31.1 Exhibit 31.1 Nu
- 31 Exhibit 31 CL&P
- 31.1 Exhibit 31.1 CL&P
- 31 Exhibit 31 PSNH
- 31.1 Exhibit 31.1 PSNH
- 31 Exhibit 31 Wmeco
- 31.1 Exhibit 31.1 Wmeco
- 32 Exhibit 32 Nu
- 32 Exhibit 32 CL&P
- 32 Exhibit 32 PSNH
- 32 Exhibit 32 Wmeco
- CORRESP Corresp
Public Service Company of New Hampshire |
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| Exhibit 12 |
Ratio of Earnings to Fixed Charges |
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(Thousands of Dollars) |
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| For the Years Ended December 31, | |||||||||
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| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
Earnings, as defined: |
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Net income | $ | 100,267 | $ | 90,067 | $ | 65,570 | $ | 58,067 | $ | 54,434 |
Income tax expense |
| 49,945 |
| 50,801 |
| 31,990 |
| 21,996 |
| 22,794 |
Equity in earnings of regional nuclear |
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generating companies |
| (7) |
| (23) |
| (50) |
| (62) |
| (343) |
Dividends received from regional equity investees |
| - |
| 80 |
| 220 |
| - |
| 521 |
Fixed charges, as below |
| 52,111 |
| 54,721 |
| 51,227 |
| 54,597 |
| 50,637 |
Less: Interest capitalized (including AFUDC) |
| (7,064) |
| (6,621) |
| (3,138) |
| (2,967) |
| (2,985) |
Total earnings, as defined | $ | 195,252 | $ | 189,025 | $ | 145,819 | $ | 131,631 | $ | 125,058 |
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Fixed charges, as defined: |
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Interest on long-term debt (a) | $ | 36,832 | $ | 36,220 | $ | 33,045 | $ | 32,655 | $ | 26,029 |
Interest on rate reduction bonds |
| 6,276 |
| 9,660 |
| 13,128 |
| 15,969 |
| 18,013 |
Other interest (b) |
| 1,039 |
| 1,187 |
| 316 |
| 1,539 |
| 2,243 |
Rental interest factor |
| 900 |
| 1,033 |
| 1,600 |
| 1,467 |
| 1,367 |
Interest capitalized (including AFUDC) |
| 7,064 |
| 6,621 |
| 3,138 |
| 2,967 |
| 2,985 |
Total fixed charges, as defined | $ | 52,111 | $ | 54,721 | $ | 51,227 | $ | 54,597 | $ | 50,637 |
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Ratio of Earnings to Fixed Charges |
| 3.75 |
| 3.45 |
| 2.85 |
| 2.41 |
| 2.47 |
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(a) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness. | ||||||||||
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(b) For the years ended December 31, 2011, 2010 and 2009, other interest includes interest related to accounting for uncertain tax positions. |