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Content analysis
?| Positive | ||
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| Legalese | ||
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H.S. freshman Avg
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- 10-K Annual report
- 10.4 Exhibit 10.4
- 12 Exhibit 12 Nu
- 12 Exhibit 12 CL&P
- 12 Exhibit 12 Nstar Electric
- 12 Exhibit 12 PSNH
- 12 Exhibit 12 Wmeco
- 21 Exhibit 21 Subsidiaries of the Registrants
- 23.1 Exhibit 23.1 Deloitte & Touche Consent
- 23.2 Exhibit 23.2 PWC Consent
- 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 Nstar Electric
- 31.1 Exhibit 31.1 Nstar Electric
- 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 Nstar Electric
- 32 Exhibit 32 PSNH
- 32 Exhibit 32 Wmeco
NSTAR Electric Company |
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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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| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
Earnings, as defined: |
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Net income | $ | 190,242 | $ | 252,494 | $ | 248,575 | $ | 240,691 | $ | 223,897 |
Income tax expense |
| 123,966 |
| 165,686 |
| 162,020 |
| 151,224 |
| 141,847 |
Equity in earnings of regional nuclear |
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generating and transmission companies |
| (412) |
| (501) |
| (836) |
| (891) |
| (820) |
Dividends received from regional equity investees |
| 286 |
| 676 |
| 669 |
| 1,661 |
| 416 |
Fixed charges, as below |
| 72,364 |
| 76,219 |
| 77,902 |
| 84,826 |
| 103,661 |
Less: Interest capitalized (including AFUDC) (b) |
| (259) |
| (185) |
| (108) |
| 76 |
| (1,926) |
Total earnings, as defined | $ | 386,187 | $ | 494,389 | $ | 488,222 | $ | 477,587 | $ | 467,075 |
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Fixed charges, as defined: |
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Interest on long-term debt (a) (b) | $ | 87,100 | $ | 90,040 | $ | 90,630 | $ | 83,261 | $ | 76,793 |
Interest on rate reduction bonds (b) |
| 3,585 |
| 7,226 |
| 11,235 |
| 18,833 |
| 27,076 |
Other interest (b) (c) |
| (20,631) |
| (27,839) |
| (30,475) |
| (24,519) |
| (9,789) |
Rental interest factor |
| 2,051 |
| 6,607 |
| 6,404 |
| 7,327 |
| 7,655 |
Interest capitalized (including AFUDC) (b) |
| 259 |
| 185 |
| 108 |
| (76) |
| 1,926 |
Total fixed charges, as defined | $ | 72,364 | $ | 76,219 | $ | 77,902 | $ | 84,826 | $ | 103,661 |
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Ratio of Earnings to Fixed Charges |
| 5.34 |
| 6.49 |
| 6.27 |
| 5.63 |
| 4.51 |
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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) Prior period amounts have been reclassified for comparative purposes and in order to conform to NU's presentation. | ||||||||||
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(c) For the years ended December 31, 2011, 2010, 2009 and 2008, other interest includes interest related to accounting for uncertain tax positions. | ||||||||||