The Connecticut Light and Power Company (CNLPM) 10-Q 2015 Q2 Quarterly report

The Connecticut Light and Power Company													Exhibit 12
Ratio of Earnings to Fixed Charges
(Unaudited)
		Six Months
		Ended
		June 30,		For the Years Ended December 31,
(Thousands of Dollars)		2015		2014		2013		2012		2011		2010
Earnings, as defined:
	Net income	$	148,004	$	287,754	$	279,412	$	209,725	$	250,164	$	244,143
	Income tax expense		81,276		133,451		141,663		94,437		90,033		132,438
	Equity in earnings of regional nuclear  generating companies		(14)		(32)		(67)		(40)		(16)		(134)
	Dividends received from regional equity investees		-		-		289		-		-		440
	Fixed charges, as below		75,398		152,513		139,929		139,982		140,311		145,297
	Less: Interest capitalized (including AFUDC)		(1,037)		(1,867)		(2,249)		(2,456)		(3,317)		(2,726)
Total earnings, as defined		$	303,627	$	571,819	$	558,977	$	441,648	$	477,175	$	519,458
Fixed charges, as defined:
	Interest on long-term debt (a)	$	66,904	$	135,656	$	130,620	$	124,894	$	131,918	$	134,553
	Interest on rate reduction bonds		-		-		-		-		-		7,542
	Other interest (b)		5,844		11,765		3,030		8,233		809		(4,357)
	Rental interest factor		1,613		3,225		4,030		4,399		4,267		4,833
	Interest capitalized (including AFUDC)		1,037		1,867		2,249		2,456		3,317		2,726
Total fixed charges, as defined		$	75,398	$	152,513	$	139,929	$	139,982	$	140,311	$	145,297
Ratio of Earnings to Fixed Charges			4.03		3.75		3.99		3.16		3.40		3.58
(a) Interest on long-term debt includes amortized premiums, discounts and capitalized expenses related to indebtedness.
(b) For the years ended December 31, 2013, 2012, 2011 and 2010, other interest includes interest related to accounting for uncertain tax positions.